Transgaz, Consolidated Net Profit of RON 899.2mn in 2025, 2.2 Times Higher Than in 2024

Transgaz (TGN) reported a consolidated net profit of RON 899.2 million in 2025, 2.2 times higher than in 2024, according to the report submitted to the Bucharest Stock Exchange.

On an individual level, Transgaz recorded a net profit of RON 808.7 million last year, 2.2 times higher than in 2024.

Compared to the results as of December 31, 2024, the preliminary gross profit as of December 31, 2025, shows an increase of 203%, or RON 473,844 thousand, and the net profit shows an increase of 206%, or RON 416,763 thousand. Net profit is RON 463,788 thousand higher than forecast in the income and expenditure budget, representing an increase of 234%, according to the company.

Revenues from operating activities before balancing and construction activities in accordance with IFRIC12 increased by RON 512,522 thousand to RON 2.61 billion at the end of 2025.

Starting October 1, 2023, the natural gas transmission tariffs approved by ANRE President’s Order No. 68 of May 30, 2023, have been applied. The approved regulated revenue for natural gas transmission during the period October 1, 2023 – September 30, 2024, is RON 1,647,347,820.

Starting October 1, 2024, the natural gas transmission tariffs approved by ANRE President’s Order No. 17 of May 29, 2024, have been applied. The approved regulated revenue for natural gas transmission during the period October 1, 2024 – September 30, 2025, is RON 2,005,006,850.

Starting October 1, 2025, the natural gas transmission tariffs approved by ANRE President’s Order No. 22 of June 5, 2025, have been applied. The approved regulated revenue for natural gas transmission during the period October 1, 2025 – September 30, 2026, is RON 2,301,699,490.

Operating expenses before balancing and construction activities in accordance with IFRIC12 increased by RON 158,274 thousand to RON 1.9 billion.

Financial expenses increased by RON 19,446 thousand, mainly due to unfavourable exchange rate differences, according to the company.

The Secretariat General of the Government has a 58.5% stake in Transgaz.

Transgaz is an attractive portfolio stock, given the company’s business activity, Transgaz’s monopoly status in natural gas transmission, the company’s position on the national and international energy market, its robust financial profile and ability to generate performance, its attractive dividend policy, and the quality of the company’s management, according to presentations made on the Bucharest Stock Exchange.