The company said in a press release posted on the Bucharest Stock Exchange that the group’s normalized revenue rose to €1.67 billion, up 33% year-on-year to 2024, while normalized EBITDA reached €134 million, also up 33%.
On an IFRS basis, consolidated revenues amounted to €1.72 billion, up 41% year-on-year, and adjusted EBITDA reached €177 million, more than triple that of 2024. Net income more than quadrupled to €103 million, up from €24 million in the previous year, and normalized net income was €66 million, up 57%. The company has a capitalization of €1 billion.
“The results for 2025 reflect continued development in the generation, supply and regulated infrastructure segments in a highly volatile energy market,” said Jose Garza, CEO.
Renewable energy production from its own assets nearly doubled, he said, while electricity supply volumes increased by 10% thanks to wind farms acquired in 2024 and new solar capacity that strengthened the production portfolio.
The Group’s renewable electricity production reached 421 GWh in 2025, up 97% from 2024. Normalized revenue for the production segment was €68 million, almost double the previous year, and EBITDA increased by 54% to €35 million. This was supported by the operation of wind power plants throughout the year, new solar power plants in Romania and the Republic of Moldova, and a cogeneration plant that produced 87 GWh for the year.
