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BUCHAREST - Romanian energy company Societatea Energetica Electrica SA announced a significant increase in its financial results for the first quarter of 2025. The company reported a 53.2% surge in net profit and a 14.6% rise in EBITDA compared to the same period last year.
In the first quarter of 2025, Electrica’s net profit reached RON 195.7 million, up from RON 127.7 million in Q1 2024. EBITDA, a measure of a company’s overall financial performance, increased by RON 58.5 million to RON 459.3 million. Operating income also saw a substantial increase of 23.6%, amounting to RON 3,176.2 million.
The company attributes the positive results primarily to the performance of the distribution segment, which saw revenues from electricity distribution climb by 14.8%, equivalent to about RON 167.6 million, reaching RON 1,298.2 million. The increase in operating profit, which rose by 25.7% to RON 313.4 million, was due to higher operating revenues offset by an increase in operating expenses.
Alexandru-Aurelian Chirita, CEO of Electrica, credited the company’s business model and operational discipline for the strong quarterly performance. He emphasized Electrica’s focus on investing in infrastructure and renewable energy projects as part of Romania’s energy transition.
The distribution segment’s revenues were boosted by a 4.8% increase in the volume of electricity distributed, coupled with a tariff increase of approximately 12.5% effective from January 1, 2025. Electrica also reported progress in renewable energy projects, with a total capacity of approximately 300 MW in various phases of execution.
Additionally, the supply segment’s revenues grew by 12.6%, reaching RON 1,818.1 million, driven by a rise in the quantity of energy supplied on the retail market and changes in subsidy calculations based on a new guide from the Romanian Energy Regulatory Authority (ANRE).
On March 31, 2025, Electrica estimated the total amount for subsidies at RON 2,398.6 million. The company’s Regulated Asset Base (RAB) with an inflation of 4.0% for the year 2025 is estimated at RON 8.4 billion at the end of the first quarter.
The information in this article is based on a press release statement from Electrica, which detailed its financial results for Q1 2025. Electrica will hold a web conference on May 29, 2025, to present these financial results to analysts and investors.
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