Romanian electricity distributor and supplier Electrica closed 2025 with its strongest financial results in recent history, posting record levels of net profit and EBITDA, according to preliminary consolidated data. The Group reported a net profit of approximately 245 million euros, marking a 159% increase compared to 94 million euros in 2024. EBITDA climbed to about 479 million euros, up 64.5% from 291 million euros a year earlier.
CEO Alexandru Chirita described the results as evidence of a structural transformation in the company’s performance. He highlighted enhanced operational efficiency, disciplined capital allocation, and a strengthened supply business following changes in the regulated market framework. The Group also exceeded its commissioning targets and expanded its Regulated Asset Base to around 1.73 billion euros, reinforcing long-term cash-flow visibility.
At Group level, EBITDA growth was primarily driven by stronger contributions from both the supply and distribution segments. The supply division recorded the most pronounced turnaround, moving from a negative EBITDA of roughly 16 million euros in 2024 to a positive 115 million euros in 2025. This improvement was largely supported by higher revenues, which rose by about 427 million euros year-on-year, partially offset by a decline in other revenues, particularly lower subsidy income.
Operating profit advanced to approximately 358 million euros, up from 171 million in 2024, closely mirroring the overall EBITDA trend. Revenues in the supply segment reached roughly 1.6 billion euros in 2025, a 36.5% rise compared to the previous year. Growth was mainly linked to the removal of the electricity price cap from 1 July 2025, allowing the company to adopt a market-based pricing strategy tailored to different customer categories. Additional support came from emergency legislation permitting partial recognition of imbalance costs during April–June 2025. The supply business accounted for 72.2% of consolidated revenues and 24% of EBITDA.
Subsidy revenues declined significantly due to the shorter duration of the price cap scheme in 2025. Compensation under the mechanism totaled around 217 million euros for six months, compared to approximately 427 million euros for 2024. As of 31 December 2025, estimated receivables from state authorities totaled about 506 million euros.
The distribution segment also contributed to improved results. Revenues increased by approximately 100 million euros (10.6%), reaching around 1.05 billion euros. Growth was driven by a 12.5% fee adjustment approved by the regulator and a 1.5% increase in electricity volumes distributed. Distribution operations generated 27% of total Group revenues but accounted for nearly 79% of EBITDA, underscoring their central role in overall profitability.
With stronger financial metrics, expanding renewable generation capacity, and ongoing storage projects, Electrica is positioning itself for a new phase of investment-led growth, aligned with Romania’s long-term energy security objectives.
