Societatea Energetica Electrica (EL) Q4 2025 earnings summary

Executive summary

• Achieved record consolidated net profit of RON 1,218.9 mn in 2025, up 159.2% year-over-year from restated 2024 results.

• EBITDA reached RON 2,383.3 mn, a 64.5% increase compared to 2024, driven by operational efficiency and capital management.

• Operating revenue rose 12.9% to RON 12,165.3 mn, with strong performance in both supply and distribution segments.

• CEO highlighted a structural shift, citing improved operational performance, renewable expansion, and storage projects as growth drivers.

Financial highlights

• Operating profit increased 109% to RON 1,782.5 mn from RON 852.7 mn in 2024.

• Net profit margin improved significantly, with EPS rising to RON 3.59 from RON 1.38.

• Cash and cash equivalents at year-end were RON 2,032.9 mn, up from RON 454.5 mn in 2024.

• Total assets grew to RON 18,446.1 mn from RON 13,921.7 mn in 2024.

Outlook and guidance

• Management expects continued sustainable growth, supported by efficiency, stability, and investments in energy security.

• Expansion of renewable generation and storage projects positions the group for future development.