Admie Holding (ADMIE) Q4 2025 earnings summary

Executive summary

• 2025 saw significant progress in energy infrastructure, including the operation of the Crete-Attica Interconnection and the completion of a 20% sale of Ariadne Interconnection to State Grid.

• Major international interconnection projects advanced, with new agreements for Greece-Italy, Greece-Egypt, and Greece-Saudi Arabia links.

• Dividend per share increased to €0.18 for 2025, reflecting a higher payout to shareholders.

Financial highlights

• Holding income was €63.7m, down 15.9% year-over-year; net profit was €63.1m, down 15.9%.

• IPTO Group revenue fell 2.7% to €456.6m; EBITDA dropped 6.6% to €304.6m; net income declined 12.3% to €130.1m.

• Cash position at year-end was €15.6m for the holding and €224.5m for the group.

• Total group expenses rose 6.5% to €276.3m, mainly due to higher operating and depreciation costs.

Outlook and guidance

• Investment plan of €7.3bn through 2033, with a focus on major interconnection projects and grid enhancements.

• Continued emphasis on sustainability, health and safety, and international expansion.