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Litgrid (LGD1L) investor relations material
Litgrid Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 rose 28% year-over-year to €267.5 million, driven by higher transmission and balancing energy revenues.
Net profit reached €39 million, reversing a €41.9 million loss in H1 2025, mainly due to improved ancillary services results.
Adjusted EBITDA increased 11.6% year-over-year to €29.9 million, with adjusted ROE rising to 18.5%.
Major strategic projects advanced, including Harmony Link, Baltic-German PowerLink, and significant grid reinforcement.
Financial highlights
Transmission revenue up 21% to €79.9 million; balancing energy revenue up 102% to €97.2 million.
Operating expenses fell 13% to €227.2 million, with ancillary services costs down 51%.
Net financial debt decreased to €24.4 million; net financial debt/adjusted EBITDA ratio improved to 0.4.
Investments totaled €61 million, mainly in grid reconstruction and strategic projects.
Outlook and guidance
Strategic plan through 2035 targets €2.5 billion in grid investments, focusing on reliability, renewables integration, and cross-border interconnections.
Ongoing projects aim to further synchronize with Continental Europe and expand renewable capacity.
- Revenue and profit rebounded sharply, driven by higher transmission and balancing sales.LGD1L
Q1 2026 - Revenue and profit surged in H1 2024 as strategic projects and synchronization advanced.LGD1L
Q2 2024 - Revenue up 14% but net profit down on higher costs; major investments and new CEO announced.LGD1L
Q4 2025 - Higher costs drove a €35.2 million net loss despite 9% revenue growth year-over-year.LGD1L
Q3 2025 - Revenue up, costs surge, net loss; grid projects and EU synchronization completed.LGD1L
Q2 2025 - Net profit declined to €31.7 million despite stable revenue and major network investments.LGD1L
Q3 2024 - Q1 2025 loss of EUR 27M as costs surge, but adjusted EBITDA and 2024 dividend approved.LGD1L
Q1 2025 - Litgrid achieved stable profit and completed Baltic grid synchronization with Europe.LGD1L
Q4 2024
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