Lithuania · Delayed Price · Currency is EUR AB Ignitis grupe Earnings Call Transcripts
Fiscal Year 2025
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Adjusted EBITDA rose 3% to EUR 546 million, exceeding guidance, while net profit fell 19% due to temporary regulatory and segment effects. Green capacity grew by 700 MW, and a 49% stake in Vilnius CHP was sold at a 4.6x equity multiple. Dividend per share increased 3%.
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Adjusted EBITDA rose 2% to EUR 405.1 million, with strong growth in green and network segments. Investments reached EUR 529.9 million, while net profit fell 17% due to higher depreciation. 2025 guidance narrowed, reflecting a more selective investment approach.
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Adjusted EBITDA rose 3.8% to EUR 300.8 million in H1 2025, led by Green Capacities and Networks, while net profit declined due to higher depreciation. Investments reached EUR 343.2 million, and full-year guidance for EBITDA and investments was reiterated.
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Q1 2025 saw adjusted EBITDA rise 3.7% YoY to EUR 188.5 million, with strong green capacity and network performance, while net profit declined due to higher interest costs. The 2025-2028 strategy targets 2.6-3 GW green capacity by 2028, EUR 3-4 billion investment, and sustained dividend growth.
Fiscal Year 2024
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Adjusted EBITDA hit a record EUR 527.9 million, up 8.9% year-over-year, with strong growth in green and network segments. Investments remained high, and 2025 guidance anticipates continued growth in core segments, though customers and solutions are expected to decline.
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Adjusted EBITDA grew 15% to EUR 397 million, driven by green capacity and network segments, with investments at EUR 583.7 million and a dividend of EUR 0.663 per share. Full-year EBITDA guidance was raised, and the group maintained a strong balance sheet.
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Green portfolio expanded and new projects reached COD, driving a 14.3% rise in adjusted EBITDA and a 9.7% increase in net profit year-over-year. 2024 EBITDA guidance was raised, investments grew, and S&P reaffirmed the BBB+ rating. Dividend per share increased 3%.