PPC Group reported a strong financial performance for the first quarter of 2026, with significant profitability growth driven by investments in renewable energy, flexible generation and distribution networks.
Adjusted EBITDA reached €0.7 billion in Q1 2026, up from €0.5 billion in the same period last year, while Adjusted Net Income after minorities increased to €0.2 billion from €0.1 billion.
The company said the improved performance reflects the growing contribution from major investments implemented in recent years, as well as favorable hydrological and wind conditions during the quarter.
PPC invested €0.5 billion during the first quarter, with 82% directed toward Renewable Energy Sources (RES), flexible generation projects and upgrades to electricity distribution networks, in line with the Group’s strategic business plan.
At the end of March 2026, PPC’s installed renewable energy capacity stood at 7.2 GW, representing 59% of the Group’s total installed capacity. The company also highlighted a strong development pipeline, with 6.7 GW of renewable projects currently under construction, ready-to-build, or in the tender stage.
Despite the elevated investment activity, PPC maintained a solid financial position. The Group’s leverage ratio (Net Debt/EBITDA) stood at 3.0x, below the 3.5x ceiling set by its financial policy, while net debt totaled €6.9 billion as of March 31, 2026.
Looking ahead, PPC reaffirmed its full-year 2026 guidance, targeting Adjusted EBITDA of €2.4 billion and Adjusted Net Income after minorities of €0.7 billion. The company also confirmed plans to distribute a dividend of €0.80 per share.
Commenting on the results, Georgios Stassis, Chairman and CEO of PPC, said the company had made “a strong start to 2026,” highlighting the resilience of its integrated business model and continued progress toward cleaner and more flexible energy generation.
He emphasized that PPC remains focused on disciplined capital deployment in renewables, flexible generation and distribution infrastructure, adding that the company is well-positioned to meet its 2030 strategic targets and strengthen its role in the energy transition across Central Southeastern Europe.