REG - Soc EnergElectricaSA - Q3 2025 Report

Societatea Energetica Electrica SAAnnouncement

28/11/2025 16:15

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RNS Number : 5005J  Societatea Energetica Electrica SA  28 November 2025

Summary of the IFRS-EU Consolidated Results for 9M of 2025 - 28 November 2025

 

Significant growth of both net profit and EBIDTA at consolidated level in 9M
2025 vs 9M 2024:

-       Net profit of RON 839.8 mn., an increase of RON 537.4 mn.
compared to the net profit of RON 302.4 mn. registered in the first 9 months
of 2024;

-       Positive EBITDA of RON 1,732.3 mn., an increase of RON 670.4 mn.
compared to RON 1,061.9 mn in 9M 2024 .

The evolution of other indicators for 9M 2025:

§ Operating revenue - RON 8,918.9 mn., an increase of 20.9% compared to RON
7,375.8 mn in the first 9 months of 2024;

§ CAPEX PIF (commissioned) - RON 369.8 mn., an increase of 11.85%,
respectively RON 39.2 mn., compared to RON 330.6 mn. in 9M 2024.

Statement from Alexandru-Aurelian Chirita, CEO of Electrica S.A.:

"The financial and operational performance recorded in the first nine months
of the year supports the direction we set for the companies within the
Electrica Group: solid, financially disciplined and ready for major
investments. The net profit of almost RON 840 million and the EBITDA exceeding
RON 1.7 billion reflect the direct impact of our efficiency measures, rigorous
processes and consistent execution across all business lines.

The supply segment has returned to a stable position and contributed
significantly to the strengthening of our financial results, while the
distribution segment continues to provide a steady flow of value through
investments carried out at a sustained pace. Surpassing 4 million customers
connected to our network, together with the investments already commissioned,
marks an important step in our team's efforts to enhance the quality and
resilience of the infrastructure across the counties we serve.

In parallel, we accelerated the development of our portfolio of renewable and
storage projects, with the objective of supporting Romania's economic
development through consistent investments capable of strengthening long-term
energy security and the energy transition."

Analysis of the consolidated financial indicators

The main results presented below are extracted from the condensed consolidated
interim financial statements as at and for the nine-months period ended 30
September 2025, prepared in accordance with IFRS-EU:

 Financial Results - in RON mn.*  9M 2025    9M 2024    Δ        Δ%
 Operating income                 8,918.9    7,375.8    1,543.1  20.9%
 Operating expense                (7,631.7)  (6,752.1)  (879.6)  13.0%
 Operating profit                 1,287.2    623.7      663.5    106.4%
 EBITDA                           1,732.3    1,061.9    670.4    63.1%
 Financial result                 (273.9)    (237.8)    (36.2)   15.2%
 Net profit                       839.8      302.4      537.4    177.7%

*Rounded amounts to the nearest whole value

Source: Electrica

In the first nine months of 2025, EBITDA at Electrica Group level increased by
63.1%, respectively by RON 670.4 mn., reaching a value of RON 1,732.3 mn.,
compared to the value of RON 1,061.9 mn. achieved in the first nine months of
2024. The growth of EBITDA was driven mainly by the supply and distribution
segments, both having a positive evolution in 2025 compared to 2024.

Of the two segments, the biggest impact was from the supply segment which
recorded an EBITDA improvement of RON +558.8 mn., reaching a value of RON
304.1 mn. in 9M 2025 from RON -254.7 mn. (negative) in the previous period.
The increase is due to improved operational performance in the segment, with
revenue growth of RON 978.1 mn. and increase in other revenues, mainly
subsidies, of RON 247.7 mn..

The operating profit of 9M 2025 had an increase of RON 663.5 mn., reaching a
value of RON 1,287.2 mn. compared to the registered value of RON 623.7 mn.
realised in the first nine months of 2024.

The net profit for 9M 2025 increased with RON 537.4 mn., reaching a value of
RON 839.8 mn. from a net profit of RON 302.4 mn. in the first nine months of
the previous year.

Segment analysis

For the supply segment, revenues increased in 9M 2025 by approximately RON
978.1 mn., or 21.6%, compared to the same period last year, to RON 5,509.1
mn.). The increase is due to the following: i) 20.4% increase in the sales
price; ii) increase in the percentage of recognition of imbalances from 5% to
10% starting 1 April 2025 (according to GEO No. 6/2025) and iii) the increase
in the purchase price, a component fully integrated into the sale price after
the elimination of the cap, starting 1 July 2025. The supply segment
contributed 70.6% to the Group's consolidated revenue.

On 30 September 2025, the total amount estimated for subsidies was RON 2,068.2
mn. (31 December 2024: RON 1,976.7 mn.). Subsequently, between 01 October and
06 November 2025, the amount of RON 158.3 mn. was collected.

On the distribution segment, revenues increased by approximately RON 510.4 mn.
or 15.1% to RON 3,901.1 mn. (of which RON 2,213.6 mn. revenues with external
customers), compared to 9M 2024, mainly due to tariffs increases of approx.
12.5% as per ANRE order no. 97/2024 and to 2.1% increase in the volume of
electricity distributed. The electricity distribution segment contributed
28.6% to the Group's consolidated revenue.

OTHER IMPORTANT OPERATIONAL INFORMATION

§ Distributed electricity volumes - 13.5 TWh, up by 2.1% compared to 9M 2024.
Distributie Energie Electrica Romania (DEER) serves approximately 4.005
million users, covering an area of approximately 40.8% of Romania's surface
area.

§ Volumes of electricity supplied to retail market - 5.5 TWh, down by 3%
compared to 9M 2024; Electrica Furnizare supplies electricity to approx. 3.4
mn. consumption places overall (the most among the suppliers in Romania), out
of which 1.8 consumption places on the competitive market, and 1.6 mn. under
universal service and as supplier of last resort.

§ Supply market share - Electrica Furnizare is the second biggest suppliers
of electricity (based on supplied volumes), with a total market share in 2025
of 14.9% and with 10.73% in the competitive market, according to the latest
available ANRE reports (January-July 2025);

§ In the production segment, the Group's total aggregated capacity, whether
operational or in various stages of development, is 307.5 MW in renewable
energy production projects and 169.5 MWh across four energy storage projects.
Electrica also initiated other 15 battery energy storage parks, with a total
capacity of approximately 1 GWh.

§ The Regulated Asset Base (RAB), in nominal terms, for the year 2025 is
estimated at the end of the first nine months of 2025 at RON 8.3 bn.

§ In the first nine months of 2025, DEER carried out and commissioned
investments totalling RON 369.8 mn., representing 94.1% of the commissioning
program planned for this period, and 46.3% of the annual value planned and
approved by ANRE for 2025 and recoveries from 2024.

***

The results presented in this announcement are based on the simplified
consolidated interim financial statements as at and for the nine-month period
ended 30 September 2025, prepared in accordance with IFRS-EU.

The documents related to the 9M 2025 results are available on Electrica's
website at the following link:
https://www.electrica.ro/en/investors/results-and-reports/financial-results/financial-statements-for-t3-2025/
(https://www.electrica.ro/en/investors/results-and-reports/financial-results/financial-statements-for-t3-2025/)
.

We remind you that Electrica's management is organising on December 2(nd),
2025, 16:00 (Romanian time), a web conference for analysts and investors:
Presentation of Electrica Group 9M 2025 Financial Results
(https://www.electrica.ro/en/investors/results-and-reports/analyst-presentations/presentation-of-the-financial-results-for-q3-2025/)
.
(https://www.electrica.ro/en/investors/results-and-reports/financial-results/financial-statements-for-t3-2025/)
The web conference can be accessed online under the following link:
https://87399.themediaframe.eu/links/electrica251202.html
(https://87399.themediaframe.eu/links/electrica251202.html)

Contact Details: Electrica Investor Relations - ir@electrica.ro
(mailto:ir@electrica.ro) ; +40731796111

 

CEO
CFO

Alexandru-Aurelian
Chirita
Stefan Alexandru Frangulea

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