**Summary of AB "Ignitis grupė" Integrated Annual Report 2025**
AB "Ignitis grupė" reported strong strategic and financial progress in its 2025 Integrated Annual Report, highlighting record achievements across key areas
1. **Financial Performance**
**Adjusted EBITDA** reached €546.1 million (+3.4% YoY), surpassing the upper end of the guidance range (€510–540 million), driven by robust performance in Green Capacities and Networks segments.
**Investments** totaled €720.3 million (-11.3% YoY), within guidance, with 53.1% allocated to Networks and 39.7% to Green Capacities, focusing on solar, onshore wind, and Kruonis PSHP expansion projects.
**Net Debt** increased to €1,912.0 million (+18.6% YoY) due to continued investments, while **FFO/Net Debt** decreased to 21.0% (from 29.7% in 2024) due to temporary regulatory differences. S&P Global Ratings reaffirmed the ‘BBB+’ credit rating with a stable outlook.
2. **Business Development**
**Green Capacities**Installed capacity grew to 2.1 GW (+0.7 GW), with key projects reaching COD, including Kelmė WF (313.7 MW) in Lithuania and Silesia WF II (136.8 MW) in Poland. Final Investment Decisions were made for three BESS projects in Lithuania.
**Networks**Completed a mass smart meter roll-out with 1.3 million installations. A 10-year (€3.5 billion) Investment Plan was aligned with the regulator (NERC).
**Reserve Capacities**Won Polish capacity mechanism auctions for 381 MW (Q1 2026), 484 MW (Q4 2026), and 148 MW (2030).
**Customers & Solutions**Signed a 7-year PPA with Litgrid at €74.5/MWh for up to 160 GWh/year and expanded EV charging infrastructure with 1,799 charging points (+708 YoY).
3. **Sustainability**
**Green Share of Generation** decreased to 70.2% (-11.3 pp YoY) due to higher electricity generation at Elektrėnai Complex.
**GHG Emissions** rose to 4.49 million t CO2-eq (+10.1% YoY), with Scope 1 emissions increasing by 54.7% YoY due to Elektrėnai Complex operations.
**Carbon Intensity** increased to 248 g CO2-eq/kWh (+24.5% YoY) due to intensified natural gas usage.
Recognized for leadership in corporate transparency and climate action, securing a place on CDP’s Climate A List (top 4% of companies).
4. **Shareholder Returns and 2026 Outlook**
Proposed dividend of €1.366 per share (+3.0% YoY), totaling €98.9 million, representing a 6.2–6.4% yield.
**2026 Guidance**Adjusted EBITDA of €550–600 million and Investments of €590–690 million.
5. **Key Financial Indicators**
Adjusted EBITDA Margin decreased to 21.3% (-1.6 pp YoY).
Net Debt/Adjusted EBITDA increased to 3.50 times (+14.8% YoY).
EPS declined to €2.26 (-40.8% YoY)while DPS rose to €1.37 (+3.0% YoY).
6. **Earnings Call**Scheduled for February 25, 2026, at 1:00 pm Vilnius time, with registration and materials available online.
Overall, 2025 marked significant progress in green energy expansion, network modernization, and strategic investments, despite sustainability and financial metric challenges.