In H1 2026, at Electrica Group level, EBITDA recorded an increase of 7.7 percent, reaching a value of RON 1,079.6 million. The EBITDA growth is generated mainly by the variation of the supply experiencing an upward trend in the first six months of 2026 compared to the same period of 2025.
Net profit for H1 2026 recorded an increase of 8.6 percent or RON 36.1 million., reaching the value of RON 457.5 million. This result is mainly driven by the increase in operating profit, offset by the negative impact of the financial result in the first half of 2026 alongside with the negative impact of income tax expense.
Alexandru Chirita, CEO of Electrica: “This semester’s results confirm the Group’s operational stability. Electrica continues its transformation process: the supply segment is performing well in a fully liberalized market, new production capacities are starting to contribute, and the investments in renewables and storage are bringing us closer to the role we want to play in the energy market. Electrica has evolved beyond basic distribution and supply. It has become a group where we are about to see the results of integrating the entire value chain: production, storage, supply, distribution, and energy services. I thank my colleagues who make this transformation possible. The second half of the year will find us building new capacities, new services and an ever-stronger role for Electrica Group in Romania’s energy future.”
The variation of the supply segment recorded an EBITDA improvement of RON 122.8 million., reaching the value of RON 181.3 million. from RON 58.5 million. in the previous period. The increase is due to the improvement of the segment’s operational performance, having a decrease in operating expenses of RON 211.9 million. The operating revenues registered a revenue growth of RON 948.3 million. and a decrease in other operating revenues of RON 1,040.6 million. from subsidies, due to the elimination of the subsidies starting 1 July 2025, when the capping mechanism ended.
The operating profit for H1 2026 recorded an increase of RON 66.6 million. up to the value of RON 773.1 million., compared to the value of RON 706.5 million. achieved in H1 2025. This increase is mainly due to the increase of operating revenues by RON 110.3 million., positive impact offset by the increase in operating expenses by RON 43.7 million. The revenues from current activity had an increase of RON 1,158.3 million., impact diminished by the decrease of other operating revenues of RON 1,048.0 million., mainly generated by the termination of the support scheme in the supply segment.
In the supply segment, revenues recorded an increase in H1 2026 by approximately RON 948.3 million., or 28.7 percent, compared to H1 2025, reaching the value of RON 4,250.8 million. The increase in revenues from the supply of electricity and natural gas was mainly determined by setting the electricity sales price through competitive mechanisms, adapted to the company’s strategy. This positive effect was partially offset by a 9 percent decrease in the quantity of energy supplied on the retail market.
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 69.9 percent, while its contribution to the Group’s EBITDA is 16.8 percent.
Subsidy revenues for H1 2026 amounted to RON 25.7 million. compared to RON 1,056.9 million. recorded in H1 2025. As of 30 June 2026, the estimated subsidies to be received from the authorities are in amount of RON 2,544.2 million.
In the distribution segment, revenues increased by approximately RON 133.9 million., or 4.9 percent, to RON 2,839.9 million., (of which RON 1,773.6 million. represent revenues from external customers), compared to H1 2025, mainly as a result of the increase of revenues from reactive energy and from the evolution of the revenues recognized under IFRIC 12 (as a result of the recognition of the concession contracts revenue). EBITDA in the distribution segment had a negative evolution of RON 42.3 million., mainly from the increase of operating expenses.
The contribution of the electricity distribution segment to the Group’s consolidated revenues is 29.4 percent, while its contribution to the Group’s EBITDA is 85.2 percent.
In the production segment, revenues increased by approximately RON 4.4 million., or 82.8 percent, to RON 9.7 million. compared to the first half of 2025, following the operationalization of the Vulturu and Satu Mare 2 photovoltaic parks.