Public Power Corporation S.A.

PPC

Equity

ISIN GRS434003000 / Valor 1324702

Athens Exchange S.A. Cash Market (2026-05-29)

EUR 21.56-1.91%

Public Power Corporation S.A.
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About company

Public Power Corporation S.A. (PPC) is a prominent electric utility company based in Southeast Europe, with significant operations in Greece, Romania, and North Macedonia. Established in 1950, PPC has played a crucial role in the electrification and energy development of Greece, and it has been publicly listed on the Athens Stock Exchange since 2001. The company is involved in the generation, distribution, and sale of electricity, boasting a total generation capacity of 10.7 GW, which includes thermal, hydro, and renewable energy sources (RES). Notably, PPC is transitioning towards clean energy, with 4.5 GW of its production capacity coming from renewables and an additional 1.9 GW under construction. The company also has an ambitious project pipeline aiming for 18 GW of capacity. PPC holds a majority stake in the Hellenic Electricity Distribution Network Operator S.A., managing Greece's electricity distribution network spanning over 248,000 km. In Romania, PPC owns the distribution network in three key regions, including Bucharest, serving over 3.1 million customers. The company's strategic focus is on embracing the energy transition, digital transformation, and expanding into new markets and services, including e-mobility, to align with the European Union's 2050 climate neutrality goals.

Summarized from source with an LLMView SourceSector: Energy

Core financials

Adjusted EBITDA rose to €2.0bn (from €1.8bn in 2024). Adjusted Net Income after minorities was €0.45bn (from €0.36bn). Net debt at year-end was €6.5bn and the leverage ratio (Net Debt/EBITDA) stood at 3.2x, below the Group policy threshold of 3.5x.

Investments and capex

Group investments for 2025 totaled €2.8bn (87% allocated to RES, flexible generation and distribution). Group capital expenditure was €2,297m; Parent Company capex was €357.5m. Major spend areas include RES roll‑out, BESS, and distribution network upgrades.

RES growth and pipeline

Installed RES capacity reached 7.2 GW (up from 5.5 GW in 2024). RES output was 6.9 TWh, representing 33% of PPC’s total generation. A 3.7 GW pipeline is in under-construction / ready-to-build / tender stages.

Generation mix and emissions

Lignite generation fell to 2.7 TWh (13% of output) and is scheduled to end by end-2026. Natural gas generation was ~7.7 TWh (37% of output). Large hydro was ~3.4 TWh. Scope 1 CO2 intensity declined to 0.47 t/MWh (from 0.49 t/MWh), a ~5% reduction year-over-year.

Dividend and outlook

The Board proposes a €0.60/share dividend for FY2025 (a 50% increase vs 2024). Management reiterates 2026 guidance: adjusted EBITDA ~€2.4bn, adjusted net income post minorities ~€0.7bn and a target dividend of €0.80/share.

Operational and commercial highlights

Supply: retail market share in Greece averaged ~50% in 2025 (slightly down). Distribution: regulated asset base in Greece and Romania ~€5.7bn; investments of €1.1bn improved reliability (SAIDI down to 110 min in Greece). Telco: FiberGrid FTTH reached >1.7m households (service ready >1.0m). E‑mobility: public charging points rose to 4,276 (+39%).

Summarized from source with an LLMView Source

Key figures

59.2%1Y

116%3Y

139%5Y

Performance

24.6%1Y

28.2%3Y

31.0%5Y

Volatility