Public Power Corporation S.A.
PPC
ISIN GRS434003000 / Valor 1324702
Public Power Corporation S.A.
UMushroom community rating:
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: EnergyLatest Results (05.04.2026):
Public Power Corporation S.A. — fourth quarter of 2025 (year ended December 31, 2025): the Group reported strong full‑year financial results with adjusted EBITDA of €2.0bn and adjusted net income after minorities of €0.45bn for FY2025, while executing an active investment programme (€2.8bn) focused on renewables, flexible generation and distribution as it accelerates the energy transition.
Key financial results
Adjusted EBITDA: €2.0bn (2025 vs €1.8bn in 2024). Adjusted net income after minorities: €0.45bn (vs €0.36bn). Net debt: €6.5bn as of 31.12.2025. Leverage (Net Debt/EBITDA): 3.2x (below the Group policy threshold of 3.5x).
Capital expenditure and investments
Group investments totaled €2.8bn in 2025, with ~87% allocated to RES, flexible generation and distribution. Group capex amounted to €2,297m; Parent Company capex €357.5m. Significant EPC and storage projects underway.
Renewables build‑out and generation mix
RES installed capacity reached 7.2 GW (from 5.5 GW in 2024). RES generation was 6.9 TWh (33% of Group output). Lignite generation fell to 2.7 TWh (13%); natural gas generation ~7.7 TWh (37%). A 3.7 GW RES pipeline is in under‑construction/ready‑to‑build or tender stages.
Storage and flexibility
Commissioned first utility battery projects in Q4: 50 MW in Greece and 9 MW in Romania. Ongoing pumped‑hydro and other storage projects with multi‑year construction timetables are progressing in planning and tender phases.
Cash return and shareholder guidance
Board proposed dividend €0.60 per share for FY2025 (a 50% increase vs 2024). Management reaffirmed 2026 targets: adjusted EBITDA €2.4bn, adjusted net income post minorities €0.7bn and proposed dividend guidance €0.80 per share.
Operational & ESG metrics
CO2 scope‑1 intensity fell to 0.47 t/MWh (from 0.49). Smart meter penetration: Greece 19% (up from 13%), Romania 61%. Fibergrid FTTH footprint expanded to >1.7m households (from 650k). Public charging points grew to 4,276 (+39%). ESG ratings upgraded (MSCI to A; S&P, EcoVadis, ATHEX and ISS improvements reported).
Balance sheet / liquidity context
Net debt €6.5bn reflects heavy investment but leverage remains within policy. The Group highlights a strong liquidity and financing position to support the 2026 investment plan and the announced targets.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
7378 M
Market cap (USD)
1,628,574
Daily traded volume (Shares)
12.16 / 11.85
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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