**Summary of Societatea Energetica Electrica SAs 2025 Preliminary Results**
Societatea Energetica Electrica SA (Electrica Group) reported record-breaking financial results for 2025, driven by operational efficiency, strategic market adjustments, and robust investment management. Key highlights include
1. **Record Financial Performance**
**Net Profit**RON 1,218.9 million, a 159.2% increase from 2024 (RON 470.2 million).
**EBITDA**: RON 2383.3 millionup 64.5% from 2024 (RON 1449.0 million).
**Operating Revenue**: RON 12165.3 milliona 12.9% rise from 2024 (RON 10772.8 million).
2. **Segment Contributions**
**Supply Segment**Revenues increased by RON 2,125.8 million (36.5%) to RON 7,944.6 million, primarily due to the removal of the electricity price cap scheme and market adjustments. EBITDA improved by RON 650.5 million to RON 572.4 million.
**Distribution Segment**Revenues grew by RON 500.1 million (10.6%) to RON 5,209.7 million, driven by tariff increases and higher electricity distribution volumes. EBITDA contribution was 78.8% of the Groupโs total.
3. **Operational Highlights**
Distributed electricity volumes rose by 1.5% to 18.03 TWh, serving 4.011 million users across 40.8% of Romaniaโs area.
Renewable energy production increased by 65.86% to 16.69 GWh, supported by new photovoltaic parks.
Investments totaled RON 878.4 million, exceeding the planned commissioning program by 115%.
4. **Strategic Achievements**
Strengthened market position in a competitive environment, with Electrica Furnizare maintaining the second-largest market share (14.73%) in Romaniaโs electricity supply market.
Expanded renewable generation capacities and advanced energy storage projects, positioning the Group for sustainable growth.
5. **Restatement of 2024 and 2023 Financials**
Financial statements for 2024 and 2023 were restated to reflect reassessments of trade receivables and subsidies due to retroactive regulations (OUG 32/2024).
6. **CEO Statement**
Alexandru-Aurelian Chirita highlighted the Groupโs structural performance shift, emphasizing operational efficiency, capital management, and investments in renewable energy and storage projects to support Romaniaโs energy security.
Electrica Groupโs 2025 results underscore a new phase of sustainable growth, built on efficiency, stability, and strategic investments. Full details are available on the companyโs website.
Financial and Debt Comparison - Electrica SA (2024 vs 2025)
| Metric | 2024 (Restated) | 2025 | ฮ (Change) | ฮ% (Change %) |
|---|---|---|---|---|
| Operating Revenue (RON mn) | 10,772.8 | 12,165.3 | 1,392.5 | 12.9% |
| Operating Profit (RON mn) | 852.7 | 1,782.5 | 929.8 | 109.0% |
| EBITDA (RON mn) | 1,449.0 | 2,383.3 | 934.4 | 64.5% |
| Net Profit (RON mn) | 470.2 | 1,218.9 | 748.6 | 159.2% |
| CAPEX PIF (RON mn) | 810.2 | 878.4 | 68.2 | 8.4% |
| Subsidy Revenues (RON mn) | 2,127.6 | 1,081.8 | (1,045.8) | -49.2% |
| Distributed Electricity Volumes (TWh) | 17.76 | 18.03 | 0.27 | 1.5% |
| Regulated Asset Base (RON bn) | N/A | 8.6 | N/A | N/A |
Note: Debt information was not explicitly provided in the text, so it is not included in the table.
### Key Points: 1. **Revenue and Profit Growth**: Significant increases in operating revenue, operating profit, EBITDA, and net profit. 2. **CAPEX Increase**: A modest increase in commissioned investments (CAPEX PIF). 3. **Subsidy Reduction**: A substantial decrease in subsidy revenues due to the removal of the capping scheme. 4. **Operational Metrics**: Slight increase in distributed electricity volumes and a notable increase in the Regulated Asset Base. This table provides a clear year-on-year comparison of key financial and operational metrics for Electrica SA.