Integrated Annual Report 2025: record strategic progress with +0.7 GW of new green capacities installed, completed mass smart meter roll-out, and Adjusted EBITDA beat

Financial Performance - The company's Adjusted EBITDA for the full year 2025 was EUR 546.1 million, representing a 3.4% increase year-over-year, exceeding the guidance range of EUR 510–540 million [2] - Investments in 2025 totaled EUR 720.3 million, a decrease of 11.3% year-over-year, within the guidance range of EUR 700–800 million [3] - Net Debt increased to EUR 1,912.0 million as of December 31, 2025, an 18.6% increase compared to EUR 1,612.3 million as of December 31, 2024 [4] Business Development - Installed capacity in Green Capacities increased to 2.1 GW from 1.4 GW, with significant investment decisions made for various projects in Lithuania [5] - The Networks segment saw investments of EUR 3.5 billion, a 40% increase, as part of a 10-year investment plan [6] - The company won a Polish capacity mechanism auction for 381 MW capacity availability in Q1 2026 [7] Sustainability - The Green Share of Generation was 70.2%, a decrease of 11.3 percentage points year-over-year, attributed to higher electricity generation at the Elektrėnai Complex [8] - Total GHG emissions in 2025 were 4.49 million tons CO2-eq, a 10.1% increase year-over-year, with Scope 1 emissions rising by 54.7% [9] - Carbon intensity (Scope 1 & 2) increased to 248 g CO2-eq/kWh, a 24.5% rise year-over-year [10] Shareholder Returns and Outlook - The proposed total dividend for 2025 is EUR 1.366 per share, a 3.0% increase year-over-year, amounting to EUR 98.9 million [14] - For 2026, the company expects Adjusted EBITDA to be between EUR 550–600 million and Investments to be between EUR 590–690 million [15] Key Financial Indicators - Adjusted EBITDA for 2025 was EUR 546.1 million, up from EUR 527.9 million in 2024, while Net Profit decreased by 40.7% to EUR 163.9 million [16] - FFO decreased by 16.2% to EUR 400.9 million, and the FFO/Net Debt ratio fell to 21.0% from 29.7% [16] - The company's EPS dropped by 40.8% to EUR 2.26, while the DPS increased by 3.0% to EUR 1.37 [16]