In a period of intense mobility and strategic changes, the GEK TERNA It enters a new cycle of dynamic development, according to the Group’s chairman and chief executive, George Peristerisat the annual general meeting of shareholders.
Mr Peristeris, in his speech to shareholders, pointed out that in 2024 it was a landmark for the GEK TERNA Group, with the top of the sale of TERNA ENERGY, one of the largest transactions in the European sector of renewable energy sources.
Despite the disinvestment, GEK TERNA maintains an active presence in clean energy projects, having secured investments such as pumping, offshore wind and large photovoltaics, while TERNA subsidiary continues to play a central role in the construction of energy infrastructure in Greece.
In 2024, the Group recorded historical financial results: total revenue of € 3.3 billion and net profit of € 818 million – reinforced by the sale of TERNA ENERGY. The customized EBITDA stood at € 404 million, with the administration aimed at doubling operating profitability within four years. Already the integration of the Attica Road into the sizes of the group enhances this perspective.
Particular emphasis was placed on concessions, which now contributes more than 60% of operating profitability. With the acquisition of the Attica Odos concession – for € 3.27 billion – the group signed the largest relative contract in the country’s history, reducing public debt by about 1.5 percentage. Indeed, the entrance of Latsco Family Office by Marianna Latsi into the New Attica Road with a premium 15% is a vote of confidence in the long -term value of the project.
At the same time, GEK TERNA has a leading role in the construction and concession of the North Road Crete (BOAK), while in 2025 the conclusion of the Egnatia Road agreement is expected. Projects such as the new Heraklion Airport and the IRC tourist complex in Elliniko are ongoing.
The Group also strengthens its position in the Public-Private Partnership (PPP), with new waste treatment plants in Western Macedonia, and gradually develops water management infrastructures in Xanthi and Crete. Overall, PPPs generate cumulative revenue of more than € 2 billion, being a key pillar of the strategic shift to sustainable development.
In the construction sector, the backlog of projects amounts to € 7 billion with a five -year horizon. In 2025, two railway contracts are expected in Romania worth 1 billion euros. TERNA, with revenue of 1.3 billion euros, remains the country’s largest construction company.
The subsidiary of Iron maintains a leading position in the electricity and gas market, while the new natural gas unit in Komotini – together with Motor Oil – is expected to commercially operate in the second half of 2025.
The social contribution of the group is just as remarkable. In 2024, € 4 million in social actions were invested, while the Group’s total contribution to GDP is equivalent to 2.5% of total GDP and 1.5% of tax revenue. In addition, it supports 37,000 jobs, direct and indirect, and invests in the younger generation through the “Multiple Generation” program, in collaboration with the NTUA.
At the heart of the strategy remains the investment program of more than 10 billion euros, with the aim of further strengthening the project portfolio in Greece and abroad. The administration underlines the importance of selecting sustainable and high value -added works, which will ensure performance for shareholders and social footprint.
With the investment community warmly responding, as shown by the recent placement, the group is ready for the next phase of extrovert development, enhancing its durability and role as a key pillar of infrastructure in Greece and SE Europe.