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VILNIUS - Lithuanian energy company Ignitis Group (Ignitis grupė) reported a 3.8% year-over-year increase in adjusted EBITDA to €300.8 million for the first half of 2025, driven by stronger performance in its Green Capacities and Networks segments.
The company highlighted the launch of the 313.7 MW Kelmė wind farm in Lithuania, described as the largest in the Baltic region, as a key milestone during the reporting period. Green Capacities remained the largest contributor to the group’s results, accounting for 55.4% of total adjusted EBITDA.
Investments for the six-month period totaled €343.2 million, down 18.7% compared to the same period last year, with 48.1% allocated to Networks and 45.6% to Green Capacities projects.
The company’s installed capacity increased to 1.8 GW from 1.4 GW previously, while secured capacity rose to 3.4 GW from 3.1 GW.
During the reporting period, Ignitis made final investment decisions for three battery energy storage system projects in Lithuania: Kelmė (147 MW), Kruonis (99 MW), and Mažeikiai (45 MW).
The company’s green share of generation decreased to 63.8% from 84.8% a year earlier, primarily due to higher electricity generation at its Elektrėnai Complex. This also contributed to a 26% increase in greenhouse gas emissions, which reached 2.61 million tonnes of CO2 equivalent.
Ignitis plans to distribute a dividend of €0.683 per share for the first half of 2025, totaling €49.4 million, subject to shareholder approval at the General Meeting scheduled for September 10, 2025.
The company maintained its full-year 2025 guidance, projecting adjusted EBITDA of €500-540 million and investments of €700-900 million.
This article is based on a press release statement from Ignitis Group.
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