Public Power Corporation S.A. Earnings Recaps
Q3 2025
Nov 21, 2025
PPC reported strong financial results for the first nine months of 2025, achieving a 24% year-on-year increase in adjusted EBITDA to EUR 1.7 billion and maintaining a dividend increase while progressing its strategic transformation towards clean energy.
Key takeaways
- Adjusted net income after minorities reached EUR 400 million, consistent with yearly targets and supporting a dividend increase to EUR 0.60 per share.
- Total investments of EUR 1.9 billion focused on renewables and distribution projects, with a forecasted CapEx of approximately EUR 3 billion for the year.
- Net debt-to-EBITDA ratio stands at 3.1x, below the 3.5x ceiling, underscoring a robust capital structure while advancing the investment plan.
- PPC's total shareholder return was 168% over the last three years, significantly outperforming the EURO STOXX Utilities Index at 62%.
- The company is enhancing its operations through digitalization and infrastructure upgrades, supporting its long-term growth strategy in the energy sector.