Ignitis Group reports solid 2025 half-year results highlighted by strategic green energy project execution 

• The highlight of the first half of the year was the launch of the Kelmė wind farm in Lithuania, the largest in the Baltics.
• Final investment decisions were made for battery energy storage systems projects in Lithuania for Kelmė, Kruonis, and Mažeikiai.
• Group is further expanding its EV charging infrastructure across the Baltics.

AB “Ignitis grupė” (Ignitis Group), a renewables-focused integrated utility, has announced solid performance results for the first six months of 2025, underscoring its commitment to strategy delivery. The highlight was the launch of the 314 MW Kelmė wind farm in Lithuania, the largest in the Baltics.

The Group reported an adjusted EBITDA of 300.8 million euros, reflecting a 3.8% increase year-over-year, driven by strong results in the Green Capacities and Networks segments. The Green Capacities segment remains the largest contributor, accounting for 55.4% of the total adjusted EBITDA.

Investments totalled 343.2 million euros, with significant allocations to the Networks (48.1%) and Green Capacities (45.6%) segments, particularly new solar, onshore wind and Kruonis PSHP expansion projects. Total investments were 18.7% lower compared to the same period last year, as several projects reached completion or nearing completion.

In the Green Capacities segment, the Group increased it’s projects Secured Capacity by 0.3 GW to 3.4 GW, driven by final investment decisions made for battery energy storage systems projects in Lithuania for Kelmė (147 MW), Kruonis (99 MW), and Mažeikiai (45 MW). The Installed Capacity also captured an increase by 0.3 GW to 1.8 GW (from 1.4 GW), as Kelmė WF (314 MW) in Lithuania – the largest wind farm in the Baltics – reached COD.

In the Networks segment, the Group continues to successfully implement its plan to install more than 1.2 million smart meters by 2026 – 1.18 million meters have already been deployed.

"Our progress in expanding green capacities and securing essential energy infrastructure enables Ignitis Group to contribute to competitive electricity prices. This advancement is key to moving the Baltics toward full energy self-sufficiency and enhancing the region's capacity for energy exports," says Darius Maikštėnas, CEO of Ignitis Group.

In the Customers & Solutions segment, the Group signed a 7-year power purchase agreement with Litgrid, the Lithuanian transmission system operator, under which Litgrid will purchase up to 160 GWh of renewable electricity annually at a fixed price of EUR 74.5/MWh, which will take effect in January 2026.

Additionally, Ignitis Group is expanding its EV charging infrastructure across the Baltics, having installed 1,380 charging points – an increase of 289 since the end of last year – and signed a grant agreement under CEF funding for up to 3.8 million euros to further develop EV network in the Baltics.

In line with its Dividend Policy, Ignitis Group intends to distribute a dividend of 0.683 euros per share for the first half of 2025, subject to the decision of General Meeting of Shareholders, which is to be held on 10 September 2025.

Looking ahead, the Group expects its adjusted EBITDA for 2025 to be in the range of 500–540 million euros, with investments projected between 700–900 million euros.