New Stage in the Evolution of Electro-Alfa International: Listing on the Bucharest Stock Exchange

Electro-Alfa International, a company with 100% Romanian capital and more than 34 years of experience, announces its intention to launch an initial public offering of up to 65,990,507 newly issued shares, representing approximately 35% of the total number of issued shares, within a share capital increase. The offering will be carried out after the approval of the Prospectus by the ASF, and after its finalization the company will apply for admission to trading on the regulated market administered by the Bucharest Stock Exchange (BVB). The transaction is brokered by SSIF Swiss Capital S.A. and UniCredit Bank S.A.

“The listing of Electro-Alfa International marks a new stage in the company’s evolution and confirms the maturity of our business model. In over three decades we have built a strong Romanian company with integrated capabilities and recognized expertise in energy infrastructure. The listing on the Bucharest Stock Exchange will allow us to accelerate our investments, strengthen our presence on foreign markets and continue our sustainable development for the benefit of our customers, employees and future investors,” Gheorghe Ciubotaru, Founder and Chairman of the Board of Electro-Alfa International, said.

Electro-Alfa International is one of the top three manufacturers of electrical equipment in Romania, with an estimated market share of 32.49% in 2024, and has over 34 years of experience in developing solutions for energy and industrial infrastructure. The company operates an integrated “one-stop-shop” model, from design and manufacturing to installation, commissioning and maintenance, covering the entire value chain in the field of low and medium voltage electrical equipment, as well as in complex EPC (Engineering, Procurement and Construction) projects.

The company has four modern production facilities in Botosani, with an area of over 25,000 square meters, and has developed a solid portfolio of projects in energy, infrastructure and industry, including international partnerships.

For the end of the financial year 2025, Electro-Alfa International expects revenues of more than RON 800 million, EBITDA of over RON 100 million and a gross profit of about RON 100 million, with the caveat that this represents estimated, unaudited and unreviewed financial information.

In 2024, Electro-Alfa International recorded revenues of RON 648.4 million, compared to RON 435.8 million in 2023 and RON 259.2 million in 2022, corresponding to a compound annual growth rate of around 58.2% over the period 2022-2024. The net profit in 2024 amounted to RON 57.4 million, increasing compared to previous years: RON 20 million in 2022 and RON 37.8 million in 2023, and EBITDA increased to RON 76.7 million in 2024, compared to RON 51.6 million in 2023 (representing an increase of 48.7%) and RON 31.4 million in 2022, an evolution supported by both the increase in volumes in the electrical equipment manufacturing segment and the expansion of EPC services, including in foreign markets.

The offering provides for the distribution of shares to institutional and retail investors. The launch of the offering is subject to the approval of the Prospectus by the ASF and the fulfilment of all applicable legal and corporate requirements. Full details of the offering will be published after approval of the Prospectus.

Currently, the company is owned 80% by Gheorghe Ciubotaru and 20% by Electro-Alfa Management.

About Electro-Alfa International

Electro-Alfa International is a company with 100% Romanian capital, recognized as one of the main players in the field of medium and low voltage electrical equipment, EPC (Engineering, Procurement, Construction) and energy efficiency solutions. With more than 34 years of experience and a constant commitment to R&D, digitalization and innovation, Electro-Alfa International is actively involved in the modernization of critical infrastructure in areas such as power distribution, rail transport, nuclear industry and renewable energy. The company has four modern production facilities with a total area of 25,000 square meters, its own research and development centre and works with more than 500 national and international customers. By integrating production, engineering and execution processes, Electro-Alfa is a reliable partner for projects with a major impact on European energy infrastructure.