PPC Group reported a net income of 200 million euros for the first half of 2025, up from 180 million euros in the same period of 2024. Adjusted EBITDA reached 1 billion euros, reflecting a 7% year-on-year increase.
Total capital expenditures amounted to 1.3 billion euros, with approximately 90% allocated to renewable energy, flexible generation, and distribution network projects. Installed renewable capacity stood at 6.3 GW at the end of the first half of 2025, following an addition of 83 MW at the Ptolemaida solar complex. An additional 100 MW is expected by the end of the year, bringing the site’s capacity to 550 MW, making it the largest single solar park in Greece built on a former lignite mine.
Generation trends were mixed: lignite output decreased by 6% to 1.4 TWh compared to the same period in 2024. Renewable generation rose slightly by 1.5%, despite a 347 GWh decline in large hydro output, which fell 19% due to reduced reservoir inflows.
Management maintained the full-year 2025 guidance, targeting an adjusted EBITDA of 2 billion euros, adjusted net income exceeding 400 million euros, and a dividend of 0.60 euros per share. This dividend represents a 50% increase compared to fiscal 2024 and a 140% rise over fiscal 2023.
Strategic execution remains on track, with investments focused on strengthening the network and accelerating renewable capacity buildout. Over the past three years, PPC has invested approximately 6 billion euros, supporting both profitability and competitive pricing. Renewables now account for about 50% of installed capacity, with roughly 0.9 GW moving into construction status in Q2 as the project pipeline matures. The company reports steady progress on decarbonization and is on course to phase out coal from its generation mix by 2026.
