Greece's PPC posts higher adjusted EBITDA on renewables boost

Public Power SA

12/05/2026 16:37

May 12 (Reuters) - Greece's biggest power utility, Public Power Corporation (PPC) DEHr.AT, on Tuesday reported higher first-quarter adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA), helped in part by higher renewables output and favourable weather.

It reiterated its full-year outlook as it continued to channel most investment into clean energy.

The group posted first-quarter adjusted EBITDA of 700 million euros ($820 million), up from 500 million euros a year earlier.

Adjusted net income after minorities rose to 200 million euros from 100 million euros in the first quarter of 2025

Installed renewable capacity reached 7.2 gigawatts, with an additional 6.7 gigawatts in construction or ready-to-build stages

Renewable energy generation accounted for 56% of PPC's total energy mix in the quarter

Investments totaled 500 million euros, with 82% allocated to renewable energy sources, flexible generation and distribution networks

CO2 emission intensity from power generation fell to 0.35 tons per megawatt-hour from 0.55 tons per megawatt-hour a year earlier

PPC reaffirmed its 2026 outlook, targeting adjusted EBITDA of 2.4 billion euros and a dividend of 0.80 euros per share.

($1 = 0.8522 euros)

 (Reporting by Antonis Pothitos; Editing by Kevin Liffey)

 ((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))