{"id":111961,"date":"2026-08-12T06:24:07","date_gmt":"2026-08-12T06:24:07","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/first-six-months-2026-interim-report-sustained-strategic-progress-and-consistent-financial-performance-full-year-2026-guidance-for-adjusted-ebitda-and-investments-reiterated\/"},"modified":"2026-08-12T06:24:07","modified_gmt":"2026-08-12T06:24:07","slug":"first-six-months-2026-interim-report-sustained-strategic-progress-and-consistent-financial-performance-full-year-2026-guidance-for-adjusted-ebitda-and-investments-reiterated","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/first-six-months-2026-interim-report-sustained-strategic-progress-and-consistent-financial-performance-full-year-2026-guidance-for-adjusted-ebitda-and-investments-reiterated\/","title":{"rendered":"First six months 2026 interim report: sustained strategic progress and consistent financial performance. Full-year 2026 guidance for Adjusted EBITDA and Investments reiterated"},"content":{"rendered":"

AB \u201cIgnitis grup\u0117\u201d publishes its First six months 2026 interim report, which is attached to this notice.<\/p>\n

Financial performance<\/b><\/p>\n

Our Adjusted EBITDA for the first six months of 2026 amounted to EUR 306.6 million (+1.9% YoY). The growth was driven by the stronger performance of the Networks and Customers & Solutions business segments.
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In 6M 2026, our Investments amounted to EUR 306.1 million (-10.8% YoY). Networks accounted for 68.0% of the total Investments, and Green Capacities for 26.3%. The increase in Investments in the Networks segment, primarily related to maintenance and expansion of the electricity distribution network, was outweighed by lower Investments in the Green Capacities segment, as several projects reached COD in 2025.\u00a0
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As of 30 June 2026, our Net Debt amounted to EUR 1,925.3 million, remaining largely unchanged, as proceeds from the sale of a 49% stake in Vilnius CHP covered the dividends paid. Supported by an increase in FFO LTM, our FFO LTM\/Net Debt ratio improved to 22.2% (compared to 21.0% as of 31 December 2025). Also, after reporting period, S&P Global Ratings reaffirmed our \u2018BBB+\u2019 (stable outlook) credit rating.<\/p>\n

Business development<\/b>\u00a0<\/p>\n

Green Capacities:<\/u>
– Installed Capacity stands at 2.1 GW, with additional 0.6 GW Under Construction;
– debut asset rotation transaction completed;
– Final Investment Decision made for the Tume BESS (107 MW \/ 215 MWh) project in Latvia after the reporting period.<\/p>\n

Customers & Solutions<\/u>:
– 1,907 (+108 since 31 December 2025) EV charging points installed.<\/p>\n

Sustainability<\/b><\/p>\n

Safeguarding the health and safety of our employees and contractors is among the Group\u2019s highest priorities. However, during the reporting period, we had one fatal contractor incident. We are committed to take every possible measure to prevent such tragedies in the future. Our employee TRIR amounted to 0.48 (-0.24 YoY), and contractor TRIR to 1.11 (+0.68 YoY).<\/p>\n

Our carbon intensity (Scope 1 & 2) amounted to 187 g CO2<\/sub>-eq\/kWh (-20.8% YoY). The decrease was driven by lower electricity generation from natural gas at Elektr\u0117nai Complex.<\/p>\n

Shareholder returns and 2026 outlook<\/b>\u00a0<\/p>\n

In line with our Dividend Policy, for 6M 2026 we intend to distribute a dividend of EUR 0.704 per share (+3.1% YoY), corresponding to EUR 51.0 million, which is subject to the decision of our General Meeting to be held on 9 September 2026.<\/p>\n

We reiterate our full-year 2026 Adjusted EBITDA guidance of EUR 550\u2013600 million, and Investments guidance of EUR 590\u2013690 million.<\/p>\n

Key financial indicators (APM<\/b>1<\/b><\/sup>)<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
EUR, millions<\/b>\u00a0<\/td>\n6M 2026<\/b><\/td>\n6M 2025<\/b><\/td>\nChange<\/i><\/b><\/td>\n<\/tr>\n
Adjusted EBITDA\u00a0\u00a0<\/td>\n306.6<\/td>\n300.8<\/td>\n1.9%<\/i><\/td>\n<\/tr>\n
Green Capacities\u00a0<\/td>\n149.2<\/td>\n166.6<\/td>\n(10.4%)<\/i><\/td>\n<\/tr>\n
Networks\u00a0<\/td>\n147.3<\/td>\n132.6<\/td>\n11.1%<\/i><\/td>\n<\/tr>\n
Reserve Capacities\u00a0<\/td>\n17.9<\/td>\n29.1<\/td>\n(38.5%)<\/i><\/td>\n<\/tr>\n
Customers & Solutions\u00a0<\/td>\n0.2<\/td>\n(27.7)<\/td>\nn\/a<\/i><\/td>\n<\/tr>\n
Other activities and eliminations2<\/sup>\u00a0<\/td>\n(8.0)<\/td>\n0.2<\/td>\nn\/a<\/i><\/td>\n<\/tr>\n
Adjusted EBITDA Margin\u00a0\u00a0<\/td>\n20.4%<\/td>\n22.5%<\/td>\n(2.1 pp)<\/i><\/td>\n<\/tr>\n
EBITDA\u00a0\u00a0<\/td>\n303.5<\/td>\n262.5<\/td>\n15.6%<\/i><\/td>\n<\/tr>\n
Adjusted EBIT<\/td>\n175.6<\/td>\n198.6<\/td>\n(11.6%)<\/i><\/td>\n<\/tr>\n
Operating profit (EBIT)<\/td>\n172.5<\/td>\n160.3<\/td>\n7.6%<\/i><\/td>\n<\/tr>\n
Adjusted Net Profit\u00a0<\/td>\n115.8<\/td>\n146.2<\/td>\n(20.8%)<\/i><\/td>\n<\/tr>\n
Net profit\u00a0\u00a0<\/td>\n113.2<\/td>\n111.4<\/td>\n1.6%<\/i><\/td>\n<\/tr>\n
Investments\u00a0<\/td>\n306.1<\/td>\n343.2<\/td>\n(10.8%)<\/i><\/td>\n<\/tr>\n
Networks\u00a0<\/td>\n208.3<\/td>\n165.2<\/td>\n26.1%<\/i><\/td>\n<\/tr>\n
Green Capacities\u00a0<\/td>\n80.4<\/td>\n156.4<\/td>\n(48.6%)<\/i><\/td>\n<\/tr>\n
Customers & Solutions\u00a0<\/td>\n8.0<\/td>\n10.1<\/td>\n(20.8%)<\/i><\/td>\n<\/tr>\n
Reserve Capacities<\/td>\n2.8<\/td>\n1.0<\/td>\n180.0%<\/i><\/td>\n<\/tr>\n
Other activities and eliminations2<\/sup>\u00a0<\/td>\n6.6<\/td>\n10.5<\/td>\n(37.1%)<\/i><\/td>\n<\/tr>\n
FFO<\/td>\n251.4<\/td>\n225.9<\/td>\n11.3%<\/i><\/td>\n<\/tr>\n
FCF\u202f\u00a0<\/td>\n5.3<\/td>\n64.0<\/td>\n(91.7%)<\/i><\/td>\n<\/tr>\n
Adjusted ROE LTM<\/td>\n7.6%<\/td>\n10.7%<\/td>\n(3.1 pp)<\/i><\/td>\n<\/tr>\n
ROE LTM<\/td>\n6.5%<\/td>\n9.0%<\/td>\n(2.5 pp)<\/i><\/td>\n<\/tr>\n
Adjusted ROCE LTM<\/td>\n6.7%<\/td>\n8.6%<\/td>\n(1.9 pp)<\/i><\/td>\n<\/tr>\n
ROCE LTM<\/td>\n6.1%<\/td>\n7.7%<\/td>\n(1.6 pp)<\/i><\/td>\n<\/tr>\n
EPS\u00a0\u00a0<\/td>\n1.57<\/td>\n1.54<\/td>\n1.9%<\/i><\/td>\n<\/tr>\n
DPS3<\/sup><\/td>\n\u00a0<\/td>\n0.704<\/td>\n0.683<\/td>\n3.1%<\/i><\/td>\n<\/tr>\n
\u00a0<\/td>\n30<\/b> Jun<\/b> 2026<\/b><\/td>\n31 Dec 2025<\/b><\/td>\nChange<\/i><\/b><\/td>\n<\/tr>\n
Net Debt\u00a0\u00a0<\/td>\n1,925.3<\/td>\n1,912.0<\/td>\n0.7%<\/i><\/td>\n<\/tr>\n
Net Working Capital\u00a0\u00a0<\/td>\n22.0<\/td>\n43.6<\/td>\n(21.6)<\/i><\/td>\n<\/tr>\n
Net Debt\/Adjusted EBITDA LTM, times\u00a0\u00a0<\/td>\n3.49<\/td>\n3.50<\/td>\n(0.3%)<\/i><\/td>\n<\/tr>\n
FFO LTM\/Net Debt\u00a0\u00a0<\/td>\n22.2%<\/td>\n21.0%<\/td>\n1.2 pp<\/i><\/td>\n<\/tr>\n<\/table>\n

1<\/sup>.<\/sup>\u00a0All, except \u2018Net profit\u2019, are Alternative Performance Measures (APMs). Definitions and formulas of the financial indicators are available on our <\/sup>website<\/sup><\/a>.\u00a0<\/sup>
2<\/sup>.<\/sup> \u2018Other activities and eliminations\u2019 includes consolidation adjustments, related-party transactions and financial results of the parent company.\u00a0<\/sup>
3.<\/sup> For 6M 2026 we intend to distribute a dividend of EUR 0.704 per share (+3.1% YoY), corresponding to EUR 51.0 million, which is subject to the decision of our General Meeting to be held on 9 September 202<\/sup>6<\/sup>.<\/sup><\/p>\n

Earnings call<\/b>\u00a0<\/p>\n

In relation to the publication of the 6M 2026 results, an earnings call for investors and analysts will be held on Wednesday, 12 August 2026, at 1:00 pm Vilnius \/ 11:00 am London time.\u00a0\u00a0<\/p>\n

To join the earnings call online, please register at:
https:\/\/edge.media-server.com\/mmc\/go\/Ignitis6M2026results<\/a><\/p>\n

It will be also possible to join the earnings call by phone. To access the dial-in details, please register here<\/u><\/a>. After completing the registration, you will receive dial-in details on screen and via email. You will be able to dial in using the provided numbers and the unique pin or by selecting \u2018Call me\u2019 option and providing your phone details for the system to connect you automatically as the earnings call starts.<\/p>\n

All questions of interest can be directed to the Group\u2019s Investor Relations team in advance, after registering, or live during the earnings call.<\/p>\n

Presentation slides will be available for download prior the call at:
https:\/\/ignitisgrupe.lt\/en\/reports-presentations-and-fact-sheets<\/a><\/p>\n

The First six months 2026 interim report, Fact Sheet (in Excel) and other published documents will be available for download at:
https:\/\/ignitisgrupe.lt\/en\/reports-presentations-and-fact-sheets<\/a><\/p>\n

Communications<\/b>
Valdas Lopeta
+370 621 77993
valdas.lopeta@ignitis.lt<\/a><\/p>\n

Investor Relations<\/b>
Ain\u0117 Riffel-Grinkevi\u010dien\u0117
+370\u00a0643 14925
aine.riffel-grinkeviciene@ignitis.lt<\/a><\/p>\n

\n Attachment<\/strong>\n<\/p>\n