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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
Globenewswire· 2026-02-25 07:34
Financial Performance - 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, driven by strong performance in Green Capacities and Networks [2] - Total Investments in 2025 amounted to EUR 720.3 million, a decrease of 11.3% year-over-year, within the guidance range of EUR 700–800 million, with 53.1% allocated to Networks and 39.7% to Green Capacities [3] - Net Debt increased to EUR 1,912.0 million as of December 31, 2025, an 18.6% increase from EUR 1,612.3 million in 2024, leading to a decrease in FFO/Net Debt ratio to 21.0% from 29.7% [4] Business Development - Installed capacity in Green Capacities increased to 2.1 GW from 1.4 GW, with key milestones including Final Investment Decisions for several projects in Lithuania [5] - A 10-year Investment Plan for Networks was set at EUR 3.5 billion, with a 40% increase, and the completion of a mass smart meter roll-out with 1.3 million smart meters installed [6] - The company won a Polish capacity mechanism auction for 381 MW in Q1 2026 and signed a 7-year PPA with Lithuanian TSO at a fixed price of EUR 74.5/MWh [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 Elektrėnai Complex [8] - Total GHG emissions in 2025 were 4.49 million t CO2-eq, a 10.1% increase year-over-year, with Scope 1 emissions rising by 54.7% due to new services [9] - Carbon intensity (Scope 1 & 2) increased to 248 g CO2-eq/kWh, a 24.5% rise year-over-year, driven by intensified electricity generation from natural gas [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, representing a yield of 6.2–6.4% for shareholders [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 to EUR 163.9 million from EUR 276.2 million [16] - Investments in Networks increased by 13.5% to EUR 382.5 million, while Investments in Green Capacities decreased by 34.2% to EUR 285.9 million [16] - FFO decreased by 16.2% to EUR 400.9 million, and the Adjusted ROE fell to 9.2% from 11.8% [16]
Former energy chief warns of 'LARGER RISK' to oil amid Iran tensions
Youtube· 2026-02-24 20:30
Dan, welcome back. If we strike Iran, the price of oil is probably going to go up and that will mean higher gas prices. Does that factor into President Trump's calculations.>> Good morning, Stuart. I look, I think it's part of the calculation. Uh, but it's important to remind uh the American people, the world generally, these are risk premiums are not supply premiums.So, yes, prices may go up in the short run for a very small amount of time, but they'll go away pretty quickly. I think the risk for Iran is, ...
Is Climate Change Making Inflation Worse?
Nytimes· 2026-02-23 10:00
Core Insights - Extreme weather is increasingly contributing to the rising costs of everyday goods, indicating a direct link between climate events and consumer prices [1] Group 1 - The impact of extreme weather on pricing varies based on several factors, suggesting that not all consumers will experience the same level of price increase [1]
X @The Economist
The Economist· 2026-02-21 06:00
Experts say Australian beachgoers need to better understand the risks of swimming in a shark’s natural habitat, which are only intensifying as climate change alters the oceans https://t.co/9vRGzBpOlv ...
Hedge Fund Fermat Says Surge in Cat-Bond Sales Is ‘Breathtaking’
Insurance Journal· 2026-02-20 14:49
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before.John Seo, managing director and co-founder of Connecticut-based Fermat — a hedge fund manager specialized in cat bonds — says he’s aware of 16 new issuers coming to market in 2025. That’s as much as eight times the historical average for first-time issuers, Seo said. He expects cat bond sales of about $24 billion this year, testing last year’s record. ...
When the Climate Turns Against Us | Abdulhadi Achakzai | TEDxShar e Naw
TEDx Talks· 2026-02-18 17:12
بسم الله الرحمن الرحيم بنام ما تابلت موسم حلاسم اندازه احساس واقع اندازه حقیقت مستقب عقلم بدل حمزه بل خطر خطر خطر خطرقم هر مختلف انسان انسان طبيع بحثم جهاز يعني مختلف افغانستان افغانستان جغرافق اول افغانستان نور دنیا افغانستانقاب مبارزه مبارزه من صنعت مشكلات سرعتق افغانستان افغانستان افغانستان افغانستان يعني افغانستان افغانستان افغانستان خصوص دوستان افغانستان اقتصاد مختلف اقتصاد افغانستان زولاتیلا افغانستان اقتصاد يعني غزه خب دوستان برده بعد افغانستان اسانستان اس صحیح حالت خطب حلا دوستان مش جواب افغانستان م ...
X @Bloomberg
Bloomberg· 2026-02-18 15:01
How Ethiopia is leapfrogging to EVs and more climate stories on today’s Green Daily newsletter https://t.co/wvPhDWi8FX ...
X @Bloomberg
Bloomberg· 2026-02-18 11:46
In today’s India Edition, Menaka Doshi looks at New Delhi’s deepening ties with France, and Lou Del Bello shares her initial impressions from the Mumbai Climate Week conference https://t.co/aumFQY9Hmn ...
X @Forbes
Forbes· 2026-02-18 08:00
Warming climate may be leading to stronger wines. Experts explain why that matters to you. https://t.co/lBfbIGitNg (Photo: AFP via Getty Images) https://t.co/1xCMmCh6iP ...
X @Bloomberg
Bloomberg· 2026-02-17 16:03
Climate change made the floods in Valencia in 2024 more intense and more widespread, according to a fresh report https://t.co/A4Nt9uQAwi ...