Litgrid AB results for the three months of 2025

Core Insights - LITGRID AB reported a decline in revenue and profitability for Q1 2025 compared to Q1 2024, indicating challenges in the electricity transmission sector [2]. Financial Performance - Revenue decreased to EUR 108.7 million in Q1 2025 from EUR 113.0 million in Q1 2024, representing a decline of approximately 3.8% [2]. - EBITDA turned negative at EUR (-27.8) million in Q1 2025, down from EUR 29.4 million in Q1 2024 [2]. - Net profit also fell to EUR (-27.0) million in Q1 2025, compared to a profit of EUR 21.5 million in Q1 2024 [2]. - Return on Equity (ROE) for the last 12 months dropped significantly to 0.2% in Q1 2025 from 25.9% in Q1 2024 [2]. Adjusted Financial Metrics - Adjusted EBITDA improved to EUR 14.2 million in Q1 2025 from EUR 12.5 million in Q1 2024 [2]. - Adjusted net profit increased to EUR 8.2 million in Q1 2025, up from EUR 7.2 million in Q1 2024 [2]. - Adjusted ROE for the last 12 months rose to 14.4% in Q1 2025, compared to 11.4% in Q1 2024 [2].