Grenevia S.A. (GEA) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 was PLN 1,042 million, up from PLN 922 million year-over-year, with net profit at PLN 138 million compared to PLN 52 million in the prior year period.

• The Group continued its transformation into a diversified investment holding, focusing on renewable energy, e-mobility, and power engineering, with updated strategic directions approved in July 2025.

• Major acquisitions included Windhunter Service and Windhunter Academy, expanding wind energy and training capabilities.

Financial highlights

• Gross profit for the period was PLN 357 million, up from PLN 358 million year-over-year, with operating profit at PLN 197 million versus PLN 108 million.

• EBITDA reached PLN 323 million, compared to PLN 244 million in the prior year.

• Cash and cash equivalents increased to PLN 949 million from PLN 931 million at year-end 2024.

• Net cash from operating activities was PLN 230 million, while net cash used in investing activities was PLN -302 million.

• Basic and diluted earnings per share for the six months were PLN 0.24, up from PLN 0.09 year-over-year.

Outlook and guidance

• The Group’s updated strategy aims to further diversify into renewable energy, energy storage, e-mobility, and synergistic industrial segments.

• Ongoing transformation is expected to require significant capital investment and reinvestment of profits.