In a remarkable demonstration of growth, Romanian electricity distributor and supplier Electrica has reported its strongest financial performance to date for the year 2025. The company achieved a net profit of approximately 245 million euros, reflecting a substantial 159% increase from 94 million euros in 2024. Moreover, EBITDA surged to about 479 million euros, marking a significant rise of 64.5% compared to the previous year’s figure of 291 million euros.
CEO Alexandru Chirita attributed this success to a structural transformation within the organization, emphasizing improved operational efficiency and disciplined capital allocation. The company also strengthened its supply business in response to regulatory changes in the market framework. Additionally, Electrica exceeded its commissioning targets and expanded its Regulated Asset Base to approximately 1.73 billion euros, enhancing its long-term cash-flow visibility.
The impressive growth in EBITDA was driven by robust contributions from both the supply and distribution segments. Notably, the supply division experienced a turnaround from a negative EBITDA of roughly 16 million euros in 2024 to a positive outcome of 115 million euros in 2025. This turnaround was largely fueled by an increase in revenues, which rose by about 427 million euros year-on-year, despite facing declines in other revenue streams such as lower subsidy income.
Operating profit reached around 358 million euros, up from 171 million euros in the prior year, closely aligning with overall EBITDA trends. Revenues within the supply segment hit approximately 1.6 billion euros, representing a 36.5% increase compared to the previous year. This growth can be largely attributed to the removal of the electricity price cap effective from July 1, 2025, which allowed Electrica to implement a market-based pricing strategy tailored for various customer categories. Furthermore, emergency legislation enabled partial recognition of imbalance costs during the second quarter of 2025.
The decline in subsidy revenues played a notable role in shaping financial outcomes; compensation under the price cap mechanism amounted to around 217 million euros for six months, down from approximately 427 million euros for all of 2024. As of December 31, 2025, estimated receivables from state authorities totaled about 506 million euros.
The distribution segment also played a crucial role in enhancing overall results, with revenues increasing by approximately 100 million euros (10.6%), reaching around 1.05 billion euros. This growth was supported by a regulatory-approved fee adjustment of 12.5% and a 1.5% increase in electricity volumes distributed. Distribution operations accounted for 27% of total Group revenues while contributing nearly 79% of EBITDA, highlighting their importance to overall profitability.
With these stronger financial metrics alongside expanding renewable generation capacity and ongoing storage projects, Electrica is strategically positioning itself for a new phase focused on investment-led growth that aligns with Romania’s long-term energy security objectives.
