Electrica Group announced record net profit and EBITDA in 2025. The preliminary consolidated net profit was RON 1,218.9 million in 2025, 159.2 percent above the restated profit of RON 470.2 million recorded in 2024 (an increase of RON 748.6 million).

EBITDA was RON 2,383.3 million in 2025, 64,5 percent more than the restated EBITDA in 2024 (an increase of RON 934.4 million).

Alexandru Chirita, CEO of Electrica: “The preliminary results for 2025 indicate a structural shift in the performance of the Electrica Group. We recorded a net profit of RON 1.22 billion and an EBITDA of RON 2.38 billion, the strongest results in the company’s recent history, supported by operational efficiency and rigorous capital management. We strengthened the supply segment in a competitive market environment, capitalized on market adjustments following the removal of the price cap scheme, and maintained our investment pace above the planned level. Exceeding the commissioning program and increasing the Regulated Asset Base to RON 8.6 billion reinforce our financial profile and the predictability of future cash flows. Improved operational performance, the expansion of renewable generation capacities, and the advancement of storage projects position us for a new stage of development. Electrica Group is entering a new cycle of sustainable growth, built on efficiency, stability, and investments that support Romania’s energy security.”

In 2025, at the Electrica Group level, EBITDA recorded an increase of 64.5 percent, respectively by RON 934.4 mn., reaching a value of RON 2,383.3 mn., compared to the value of RON 1,449.0 mn. achieved in 2024. The EBITDA growth comes mainly from the variation of the supply and distribution segments, both experiencing an upward trend in 2025 compared to 2024.

Of the two segments, the variation of the supply segment had the largest weight, recording an EBITDA improvement of +RON 650.5 mn., reaching the value of RON 572.4 mn. from -RON 78.1 mn. (negative) in the previous period. The increase is due to the improvement of the segment’s operational performance, having a revenue growth of RON 2,125.8 mn., an increase diminished by the variation of other revenues by RON 1,031.4 mn. (decrease), mainly from subsidies.

The operating profit for 2025 recorded an increase of RON 929.8 mn. up to the value of RON 1,782.5 mn., compared to the value of RON 852.7 mn. achieved in 2024. The net profit for 2025 recorded an increase of RON 748.6 mn., reaching the value of RON 1,218.9 mn., from a profit of RON 470.2 mn. in the previous year.

In the supply segment, revenues recorded a significant increase in 2025 by approximately RON 2,125.8 mn., or 36.5 percent, compared to the previous year, reaching the value of RON 7,944.6 mn.. The increase in revenues from the supply of electricity and natural gas was mainly determined by the lifting of the capping for electricity starting 1 July 2025, and partially by the entry into force of GEO no. 6/2025 (which allowed the recognition in the acquisition cost of a percentage of up to 10 percent of the imbalances’ value for the April-June 2025 period).

The termination of the capping scheme allowed the supply subsidiary to build its pricing strategy based on competitive market criteria and profitability, adapting it according to customer categories. The supply segment’s contribution to the Group’s consolidated revenues is 72.2 percent, while its contribution to the Group’s EBITDA is 24.0 percent.

Subsidy revenues for 2025 (6 months of capping in force) amounted to RON 1,081.8 mn. compared to RON 2,127.6 mn. recorded in 2024 (12 months of the capping scheme in force). As of 31 December 2025, the estimated subsidies to be received from the authorities total RON 2,518.3 mn. (Ministry of Energy/ANPIS: RON 2,495.7 mn.; AJPIS: RON 22.5 mn.). Out of the receivable subsidies (Ministry of Energy/ANPIS), the amount of RON 2,442.8 mn. represents claims already submitted and uncollected, while RON 53.0 mn. were claims not yet registered.

In the distribution segment, revenues increased by approximately RON 500.1 mn., or 10.6 percent, to RON 5,209.7 mn. (of which RON 2,948.2 mn. represent revenues from external customers), compared to 2024. This was driven by both the 12.5 percent increase in the distribution tariff according to ANRE Order no. 97/2024, and the 1.5 percent increase in the volume of distributed electricity compared to 2024. The contribution of the electricity distribution segment to the Group’s consolidated revenues is 27.0 percent, while its contribution to the Group’s EBITDA is 78.8 percent.