Premier Energy (PE) Q1 2026 earnings summary

Executive summary

• Achieved 12% year-over-year growth in normalized revenues to €536.4 million, driven by renewables expansion and strategic acquisitions, notably a 158 MW wind park in Hungary.

• Normalized EBITDA rose 23% year-over-year to €52.2 million, reflecting higher renewable output and improved supply division profitability.

• Net profit on an IFRS basis declined 53% year-over-year to €13.1 million, but normalized net profit increased 16% to €28.5 million, adjusted for tariff deviations in Moldova.

• Own renewable electricity production increased by 57% year-over-year, with 88% growth in renewable capacity to 375 MW, mainly from the Hungarian wind acquisition.

• Strategic focus on expanding renewables, battery storage, and regulated infrastructure, with major acquisitions and investments underpinning future growth.

Financial highlights

• Normalized revenue: €536.4 million (+12% YoY); reported revenue: €519 million (+7% YoY).

• Normalized EBITDA: €52.2 million (+23% YoY); reported EBITDA: €34.8 million (-25% YoY).

• Net profit (IFRS): €13.1 million (-53% YoY); normalized net profit: €28.5 million (+16% YoY).

• Net debt: €260 million; working capital adjusted net debt: €33 million.

• Over-earning balance from tariff deviations reduced from €35 million at end-2025 to €17 million at end-March 2026.

Outlook and guidance

• Management targets at least 20% annual EBITDA growth over the next 3–5 years.

• 2026 normalized EBITDA guidance (excluding DEO acquisition) is €160 million.

• 137 MW of solar plants with 46 MWh battery capacity in final testing, expected to be commissioned in June.

• Construction commenced on a 200 MW/400 MWh battery storage project in Romania, with €100 million green financing secured.

• Acquisition of DEO, the third largest electricity distributor in Romania, expected to close in 2H 2026.