S.P.E.E.H. Hidroelectrica S.A. (BVB:H2O)

S.P.E.E.H. Hidroelectrica Income Statement

Financials in millions RON. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	9,619	9,123	12,160	9,452	6,489
Other Revenue	28.59	16.64	27.7	13.95	-
Revenue	9,648	9,139	12,188	9,466	6,489
Revenue Growth (YoY)	5.56%	-25.01%	28.76%	45.87%	68.93%
Fuel & Purchased Power	911.36	208.85	456.16	697.14	90.12
Operations & Maintenance	111.53	92.36	85.39	82.34	70.68
Selling, General & Admin	453.54	531.37	645.34	452.89	553.38
Depreciation & Amortization	882.88	904.97	1,036	772.15	760.5
Provision for Bad Debts	32.35	65.95	79.92	43.46	11.35
Other Operating Expenses	3,443	2,860	2,681	2,210	1,054
Total Operating Expenses	5,835	4,664	4,984	4,258	2,540
Operating Income	3,813	4,476	7,204	5,208	3,949
Interest Expense	-22.4	-26.93	-26.04	-10.64	-15.89
Interest Income	283.17	332.13	302.52	243.71	72.07
Net Interest Expense	260.78	305.21	276.48	233.07	56.17
Currency Exchange Gain (Loss)	1.84	-0.06	-0.63	0.94	-8.79
Other Non-Operating Income (Expenses)	-16.06	83.78	-15.79	1.66	119.73
EBT Excluding Unusual Items	4,059	4,865	7,464	5,443	4,116
Gain (Loss) on Sale of Assets	-1.29	-6.25	-5.28	-2.05	-3.61
Asset Writedown	-99.46	-39.49	-	-23.87	-359.33
Other Unusual Items	-	25.73	-	-	31.53
Pretax Income	3,958	4,845	7,459	5,417	3,785
Income Tax Expense	588.75	716.68	1,094	953.44	668.6
Net Income	3,370	4,128	6,365	4,464	3,116
Net Income to Common	3,370	4,128	6,365	4,464	3,116
Net Income Growth	-18.37%	-35.15%	42.59%	43.25%	100.01%
Shares Outstanding (Basic)	450	450	449	448	448
Shares Outstanding (Diluted)	450	450	449	448	448
Shares Change (YoY)	-	0.13%	0.18%	0.00%	0.03%
EPS (Basic)	7.49	9.18	14.17	9.95	6.95
EPS (Diluted)	7.49	9.18	14.17	9.95	6.95
EPS Growth	-18.37%	-35.23%	42.34%	43.25%	99.94%
Free Cash Flow	3,759	6,069	5,235	4,066	3,871
Free Cash Flow Per Share	8.36	13.49	11.65	9.07	8.63
Dividend Per Share	-	8.989	13.990	9.670	8.540
Dividend Growth	-	-35.75%	44.67%	13.23%	67.45%
Profit Margin	34.93%	45.17%	52.23%	47.16%	48.02%
Free Cash Flow Margin	38.96%	66.40%	42.95%	42.96%	59.65%
EBITDA	4,695	5,381	8,241	5,980	4,710
EBITDA Margin	48.67%	58.87%	67.61%	63.17%	72.57%
D&A For EBITDA	882.83	904.97	1,036	772.15	760.5
EBIT	3,813	4,476	7,204	5,208	3,949
EBIT Margin	39.52%	48.97%	59.11%	55.02%	60.86%
Effective Tax Rate	14.87%	14.79%	14.66%	17.60%	17.67%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.