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]

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, ...

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]

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. ...

Climate change made the floods in Valencia in 2024 more intense and more widespread, according to a fresh report https://t.co/A4Nt9uQAwi ...

Asia has taken a beating from climate change, but you'd never know it from the adaptation funding that it keeps failing to attract, writes @mihirssharma (via @opinion) https://t.co/pL0mz3PUcI ...

For 17 years, a single scientific determinatio has formed not only the backbone of federal climate policy in the United States, but also our very basic understanding of how human-caused climate change affects this planet. It's called the endangerment finding. It warns, quote, current and projected concentrations of the six key well-mixed greenhouse gases in the atmosphere threaten the public health and welfare of current and future generations.These well-mixed greenhouse gases from new motor vehicles END QU ...

The world’s two superpowers are choosing different paths when it comes to climate https://t.co/MbOJQbmVLy ...

WELCOME Welcome back. The Trump administration has revoked a key scientific finding that has laid the foundation for U .S. action to fight climate change, the endangerment finding issued by the Obama administration in 2009 concluded that carbon dioxide and other greenhouse gases endanger public health and welfare.President Trump, who for years has described climate change as a FORMER PRESIDENT OBAMA CRITICIZED THE REPEAL, WRITING ON SOCIAL MEDIA THAT WITHOUT IT WE WILL BE less safe, less healthy and less ab ...

Company Performance - Pinterest shares fell over 20% in after-hours trading due to missing Wall Street's earnings and revenue expectations for Q4 [5] - Pinterest CEO attributed the disappointing results to President Trump's tariffs affecting retail advertisers, and the company provided weaker-than-expected guidance for Q1 [6] - In contrast, Instacart reported strong revenue and an optimistic forecast for Q1, leading to a 13% increase in its shares before the market opened [6] Economic Indicators - The Bureau of Labor Statistics is set to release January's consumer price index (CPI), which was delayed due to a government shutdown [2] - Economists anticipate a 2.5% year-over-year increase in the CPI, which would align with levels seen in May 2025 [3] Industry Valuations - Three NBA teams reached valuations of $10 billion during the 2024-2025 season, with the Golden State Warriors valued at $10.8 billion, the New York Knicks at $10.1 billion, and the Los Angeles Lakers at $10 billion [11][12] - The average revenue for the league's 30 teams was $416 million, resulting in an average valuation of $5.52 billion, reflecting an 18% increase from the previous year [12] Climate Policy - The Trump administration revoked a significant finding that classified six greenhouse gases as threats to public health, which could have long-term implications for climate change efforts [9][10]