Premier Energy Group, 33% EBITDA Growth in 2025
Premier Energy Group, a leading vertically integrated utility and infrastructure company in Southeastern Europe and a listed company on the Bucharest Stock Exchange, reports strong operational and financial performance for the full year 2025. Supported by expanded renewable capacity, higher electricity supply volumes and continued investment in energy infrastructure across Romania and the Republic of Moldova, normalized revenue grew 33% year-on-year, reaching EUR 1,673 million, while normalized EBITDA increased to EUR 134 million, up 33% compared to 2024. On a reported IFRS basis, revenue reached EUR 1,715 million, a 41% increase year-on-year, while adjusted EBITDA reached EUR 177 million, more than tripling versus last year (+206%). Net profit amounted to EUR 103 million compared to EUR 24 million in 2024, up 327% year-on-year, and illustrative normalized net profit reached EUR 66 million, up 57% year-on-year.
“Our 2025 results reflect a business that continued to scale across production, supply and regulated infrastructure while navigating a volatile energy market environment. We delivered solid revenue and EBITDA growth, supported by a 97% increase in owned renewable production and a 10% increase in electricity supplied volumes. The full-year contribution of the wind assets acquired in 2024, together with the ramp-up of our cogeneration plant and new solar capacity, strengthened our generation portfolio. At the same time, our integrated model helped us manage market volatility effectively. With 137 MW of solar capacity and 47 MWh of storage close to commissioning, and the 158 MW Hungarian wind portfolio added in January 2026, we enter 2026 with greater scale and stronger earnings visibility,” José Garza, CEO of Premier Energy Group, stated.
Electricity production continued to scale meaningfully, with owned renewable and flexible sources output reaching 421 GWh in 2025, a 97% increase over 2024. The electricity production segment recorded normalized revenues of EUR 68 million, up 98% year-on-year, driven primarily by the full-year contribution of the wind assets acquired in 2024, the operation of newly developed solar plants in Romania and Moldova and the cogeneration balancing plant, which generated 87 GWh during the year. The segment’s EBITDA increased 54% year-on-year, to EUR 35 million, reflecting economies of scale and the ramp-up of newly commissioned assets.
Electricity and gas distribution activities remained a stable contributor to the Group’s integrated operations. The segment generated normalized revenues of EUR 128 million in 2025, up 6% year-on-year. Normalized EBITDA amounted to EUR 47 million, representing a 3% increase compared to last year. This steady performance reflects continued network expansion, growing distribution volumes and sustained investment in infrastructure across both Romania and the Republic of Moldova.
Electricity and gas supply delivered strong performance supported by increased electricity volumes and improving margin dynamics. Electricity supply quantities grew 10% year-on-year to 7.4 TWh, consolidating the Group’s position as the fourth-largest electricity supplier in Romania and the leading supplier in Moldova. Natural gas supply volumes amounted to 7.9 TWh, down 11% year-on-year, reflecting weaker fourth-quarter demand in the wholesale market. In 2025, the supply segment recorded normalized revenues of EUR 1,477 million, up 34% year-on-year, and normalized EBITDA of EUR 55 million, up 50%. The improvement in profitability reflects lower day-ahead and balancing costs, the gradual repricing of procurement and supply contracts and improved portfolio optimization following changes in market mechanisms.
The developments segment advanced a significant construction program across Romania and Moldova. During the year, the Group invested EUR 42 million in renewable projects, with associated bank debt of EUR 24 million. As of December 31st, 2025, the Group had close to 350 MW of renewable energy assets and 469 MWh of battery storage capacity under development. Of these, 137 MW DC of solar plants with 47 MWh of co-located battery storage were built during 2025 and are currently in the testing phase ahead of commencing operations. The Group will also begin construction of its 400 MWh battery storage project in the coming weeks.
“Our 2025 performance demonstrates the resilience and scalability of our integrated model. All three core segments – production, distribution and supply – delivered normalized EBITDA growth year-on-year, resulting in a 33% increase at Group level. This performance was supported by higher renewable output, improved supply profitability and a consistent contribution from regulated infrastructure, alongside disciplined cost and capital management. Despite substantial investments in new generation and network assets that will only begin generating revenues in 2026, we ended the year with a working capital adjusted net cash surplus of approximately EUR 45 million, maintaining strong liquidity and flexibility to continue executing our development and acquisition strategy,” Peter Stohr, CFO of Premier Energy Group, commented.
The Group ended 2025 with a net debt position of EUR 186 million. After adjusting for working capital, Premier Energy recorded an adjusted net cash surplus of EUR 45 million. The balance sheet includes significant investments into renewable developments and distribution infrastructure that will begin contributing to revenues starting in 2026, further strengthening the Group’s earnings profile.
