Gek Terna S.A.

Latest Results (11.10.2025):

GEK Terna S.A. reported robust financial results for the first half of 2025, showcasing significant growth in revenues, EBITDA, and net profit. The company's strategic initiatives and strong execution across all business segments have driven sustainable profitability and enhanced cash flow, positioning GEK Terna for continued success in the upcoming periods.

Revenue Growth

Revenues for 1H 2025 reached €1.957 billion, marking a 43.6% increase year-over-year. This growth was driven by strong performance across all business lines, including construction, concessions, and conventional energy.

EBITDA Expansion

Adjusted EBITDA surged by 84.4% year-over-year to €317.5 million. The addition of new projects in concessions, particularly Attiki Odos, significantly contributed to this increase, accounting for over 50% of the operating profitability.

Enhanced Cash Flow

Operating cash flow saw a substantial rise of 135% year-over-year, reaching €219.3 million. This improvement was fueled by higher profitability and effective cash conversion despite a seasonal working capital outflow in the construction segment.

Net Profit Increase

Net profit excluding non-operating items grew by 24.4% year-over-year to €68.3 million, with earnings per share (EPS) rising to €0.68. This reflects GEK Terna's ability to maintain profitability margins while expanding its project portfolio.

Strategic Projects and Backlog

The company's project backlog stands at €9.2 billion, providing approximately six years of visibility. Key projects include the Egnatia CCD and the Kasteli construction, along with strategic agreements in the utility space and successful issuance of a new €500 million corporate bond to bolster financial flexibility.