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Litgrid (LGD1L) investor relations material
Litgrid Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 revenue rose 23% YoY to €373.6m; EBITDA swung to €52.2m from a €26.4m loss, and net profit reached €35.8m from a €35.2m loss.
Q3 revenue increased to €106.6m from €96.1m, while EBITDA turned to a €0.4m loss from €13.9m profit and net income was a €3.2m loss.
Financial highlights
9M revenue was €373.6m versus €305.4m; other income was €0.8m versus €0.9m.
9M expenses for electricity and related services fell to €280.3m from €293.6m; total operating expenses declined to €322.1m from €331.8m.
9M operating profit was €33.9m versus a €44.4m loss; profit before tax was €36.1m versus a €41.6m loss.
9M total income tax was an expense of €0.3m, versus a €6.4m benefit; net profit was €35.8m versus a €35.2m loss.
Assets were €861.2m at 30 September 2026, up from €816.4m at 31 December 2025; equity was €276.1m.
Segment performance
Operations are managed as one segment: electricity transmission and related services.
9M electricity transmission service revenue increased 17%, mainly reflecting an 18% increase in the transmission service price; balancing/imbalance electricity revenue rose 82%.
Ancillary services revenue fell 3.9%; provided-service volume rose 8%, partly offset by a 26% decline in the actual ancillary-services acquisition component of the tariff.
- Revenue up 28% and net profit at €39M, driven by grid upgrades and renewables growth.LGD1L
Q2 2026 - Revenue and profit rebounded sharply, driven by higher transmission and balancing sales.LGD1L
Q1 2026 - Revenue and profit surged in H1 2024 as strategic projects and synchronization advanced.LGD1L
Q2 2024 - Revenue up 14% but net profit down on higher costs; major investments and new CEO announced.LGD1L
Q4 2025 - Higher costs drove a €35.2 million net loss despite 9% revenue growth year-over-year.LGD1L
Q3 2025 - Revenue up, costs surge, net loss; grid projects and EU synchronization completed.LGD1L
Q2 2025 - Net profit declined to €31.7 million despite stable revenue and major network investments.LGD1L
Q3 2024 - Q1 2025 loss of EUR 27M as costs surge, but adjusted EBITDA and 2024 dividend approved.LGD1L
Q1 2025 - Litgrid achieved stable profit and completed Baltic grid synchronization with Europe.LGD1L
Q4 2024
Next Litgrid earnings date
Next Litgrid earnings date
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