PGE increases profit and energy production. The company summarizes the first quarter of 2025

In the first quarter of 2025, PGE Group had PLN 4.33 billion of repetitive EBITDA and PLN 2.42 billion of JD net profit – the company said in the report. The results comply with estimates.

EBITDA segment Renewable Energy amounted to PLN 0.45 billion, EBITDA gas energy segment PLN 0.09 billion, segment conventional energy PLN 0.29 billion, segment heating segment PLN 0.90 billion, distribution segment: PLN 1.32 billion, railway energy segment PLN 0.35 billion, PLN 0.7 billion.

Net profit without copies of the shareholders of the dominant unit in the first quarter of 2025 amounted to PLN 2,433 million against PLN 930 million in the same period in 2024.

Sales revenues amounted to PLN 17.2 billion, compared to PLN 16.8 billion a year earlier.

“The results achieved confirm that we are consistently building the financial stability of the PGE group – a solid basis for implemented and prepared investment projects. The first quarter is also the time to make important decisions and implement key activities that prove our effectiveness in building the value of the whole group. Among them were: making the final investment decision (FID) in the Baltica 2 project, starting work on one of the largest battery storage storage In Europe – the Żarnowiec Energy Magazine, as well as signing a contract with BGK for PLN 12 billion from KPO for investments in modern distribution infrastructure, “he said, President Dariusz Marzec, cited in a press release.

As stated, the level of economic net debt of the PGE Group for the first quarter of 2025 amounted to PLN 16,633 million, which means a decrease of PLN 571 million in relation to the end of 2024. The economic net debt index in relation to EBITDA (Neto Economic Debt/ LTM EBITDA) was 1.31x.

Investment outlays in the first quarter of 2025 amounted to PLN 1,716 million, compared to PLN 2,066 million in the corresponding period in 2024.

Net electricity production in the first quarter of 2025 in the PGE group manufacturing units was 16.08 TWh compared to 14.60 TWh a year earlier.

Brown coal production was 8.51 TWh (yaw increase by 12 %), from hard coal 4.21 TWh (yard of 3 % yard), az natural gas 2.50 TWh (more 74 % compared to the same period in 2024).

The total production from the renewable sources of the PGE group in the first quarter of 2025 reached 0.67 TWh. In addition, production in the peak and pump power plants was 0.19 TWh, by 41 percent less than in the same period in 2024.

The volume of distributed electricity was 10.75 TWh, i.e. by 1 percent. More yaws. The sale of electricity to final recipients was 8.56 TWh, i.e. by 6 percent. less yaws. The heat sales volume was 20.86 PJ, i.e. by 5 percent. more than in the first quarter of 2024.

The average cost of CO2 emissions in conventional energy segments, heating and gas energy was PLN 282/MWh, which is a 25 % decrease. in relation to the same period of 2024.

The average wholesale energy price implemented by conventional energy segments, heating and gas energy in the first quarter of 2024 amounted to PLN 504/MWh and was lower by PLN 92/MWh compared to the same period in 2025. (PAP Biznes)

Doa/ Gor/