Regulatory Profitability Adjustment

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EPSO-G Group announces the consolidated operating results for the first six months of 2025
Globenewswire· 2025-08-21 13:15
Core Viewpoint - EPSO-G reported a decline in profitability for the first half of 2025, with significant losses in EBITDA and net profit compared to the same period in 2024, despite a slight increase in revenue. Financial Performance Summary - Revenue for January-June 2025 was €257.6 million, up 4.5% from €246.4 million in 2024 [2] - EBITDA decreased to -€29.2 million from €52.4 million in 2024, indicating a significant decline in operational performance [2] - Net loss for the period was €41.3 million, compared to a net profit of €30.4 million in the same period last year [2] - Investments fell by 11.5% to €83.3 million from €94.1 million in 2024 [2] - Return on Equity (ROE) for the last 12 months was -5.0%, down from 17.7% in 2024 [2] - Net debt increased to €87.7 million from a net cash position of €64.9 million in 2024 [2] - Adjusted EBITDA rose to €40.5 million, a 6.4% increase from €38.1 million in 2024 [2] - Adjusted net profit slightly decreased to €18.1 million from €18.3 million in 2024, reflecting a -1.2% change [2] - Adjusted ROE for the last 12 months improved to 12.4% from 11.3% in 2024 [2] Company Structure - EPSO-G is comprised of the management company EPSO-G and six subsidiaries: Amber Grid, Baltpool, Energy cells, EPSO-G Invest, Litgrid, and Tetas [4] - The group also holds shares in GET Baltic, Rheinmetall Defence Lietuva, Baltic RCC OÜ, and TSO Holding AS [4] - The Ministry of Energy of the Republic of Lithuania exercises the rights and obligations of the sole shareholder of EPSO-G [4]