Steadily increasing course of profitas a result of continuing investments of € 6 billion in the previous three years, announced for the first half of 2025. PPC.
According to the financial results announcement, PPC is in the process of achieving the target for customized EBITDA profits of € 2 billion in 2025.
The results of the second quarter go beyond those of the former, as expected, following the improvement of the wind conditions that have contributed to the increase in production by wind farms, as well as its overall vertical activity. As a result, the customized EBITDA stood at € 1 billion in the first half of 2025, recording an increase of 7% compared to the corresponding period last year.
Total investments amounted to € 1.3 billion, with the majority of them (90%), involving investment in RES projects, flexible production and distribution of electricity, in alignment with the group’s strategic objectives to create a net and flexible energy portfolio and energy portfolio.
The installed power of the RES was 6.3 GW at the end of the first half of 2025, after the completion of the construction of another 83 MW in the Ptolemais photovoltaic park, with the aim of completing the remaining 100 MW by the end of the year. It is the largest single photovoltaic park in Greece, which grows in the area of the former lignite mine in the area and will have a total of 550 MW after the end of 2025. It is a project that is a tangible proof that the energy transition can have mutual benefits for both PPC and local communities. At the same time, PPC continues to mature its portfolio in RES projects, as within the second quarter of 2025, 871 MW projects entered the construction phase, with the total power of the projects under construction, ready -to -construction or tendering process (bidding) to 3.7 GW.
Lignite production in the first half of 2025 decreased by 6% compared to the first half of 2024 and was 1.4 TWh. RES production increased by 1.5% compared to the corresponding period of 2024, despite a 347GWH (-19%) decrease in large hydroelectric production due to reduced water inputs. In this change in production by RES, production contributed positively from wind and photovoltaics, which increased by 40% and 17% respectively compared to the first semester 2024 following the addition of new power and the improvement of wind conditions in the second quarter of 2025. Production of PPC.
At the same time, natural gas production was 18% compared to the first half of 2024, mainly to meet the needs of the reduced hydroelectric production in the first half of 2025, but also to increase export balance – imports in the country (increase in exports).
The progress of the PPC Group on ESG issues is also reflected in the scores it receives from international organizations and evaluation agencies on ESG issues and sustainability practices. Thus, after recent upgrades from CDP, S&P Global and ISS organizations, yet another international house – Sustainalytics – highlighted the improvement of the ESG profile of PPC, capturing a lower level of risk. Issues such as broadcasts and waste, as well as relationships with local communities, are key pillars of SustainlyTics’s evaluation and with the continuous progress of the charque plan, further improvement in this score is expected.
Financial performance
Customized earnings before interest, tax and depreciation (EBITDA) increased to EUR 1 billion from € 0.9 billion, while customized net profit after minority’s deduction stood at € 0.20 billion from € 0.18 billion.
The net debt index/EBITDA stood at 3.2x due to increased investment, lower than the 3.5x threshold set by PPC, with net lending stood at € 6 billion at 30.06.2025, according to business plan forecasts, compared to € 5.1 billion at the end of 2024.
On June 25, 2025, the annual Regular General Meeting of shareholders approved the distribution of a dividend totaling € 0.40 per share, which was paid on July 25, 2025.
Prospects for 2025
The results of the first semester reinforce the prospects for the whole year. PPC confirms the targets for 2025, for customized EBITDA of EUR 2 billion, customized net profits after deducting minority rights above € 0.4 billion and distribution of a dividend of 0.60 euros/share ( +50% compared to corporate use of 2024 and +140% in relation to 20%.