Ignitis Group reports sustained strategic progress and consistent financial performance in the first six months of 2026

• Adjusted EBITDA amounted to 306.6 million euros, while Investments totalled 306.1 million euros, with 68.0% allocated to Networks
• Significant progress made across one of the largest battery energy storage system portfolios under construction in the Baltics (399 MW / 798 MWh)
• Group intends to distribute a dividend of 0.704 euro per share (+3.1% year over year) for the first half of 2026
• Full-year 2026 guidance for adjusted EBITDA and investments reiterated

Ignitis Group, a leading integrated energy group in the Baltics, has announced consistent financial performance during the first six months of 2026, underscoring its commitment to strategy delivery. 

The Group reported an adjusted EBITDA of 306.6 million euros, reflecting a 1.9% increase year over year (YoY), driven by the stronger performance of the Networks and Customers & Solutions business segments. The Networks segment’s result increased mainly because of continued investments in the distribution network. The Customers & Solutions segment’s result increased significantly in both electricity and natural gas activities, mainly due to higher volumes sold during the cold winter season and profitable one-off natural gas wholesale transactions in the first quarter of 2026.

Investments in the first six months of 2026 amounted to 306.1 million euros (-10.8% YoY). Networks accounted for 68.0% of total investments and Green Capacities for 26.3%. Investments in the Networks segment increased by 26.1% to 208.3 million euros, primarily driven by maintenance and expansion of the electricity distribution network. This increase was outweighed by lower investments in the Green Capacities segment, as several projects reached commercial operation dates (COD) in 2025.

“During the first half of the year, we continued investing in the resilience and modernisation of the electricity grid while strengthening our green flexibility capabilities. Grid modernisation, energy storage systems and other flexibility solutions help ensure reliable electricity supply, support the integration of renewable energy and further strengthen energy security across the region,” says Darius Maikštėnas, CEO of Ignitis Group.

In the Green Capacities segment, the Group’s installed capacity stood at 2.1 gigawatts (GW). The implementation of Green Capacities projects under construction, totalling 0.6 GW, is progressing as planned.

Significant development progress was made across the Group's battery energy storage system (BESS) projects, which together represent one of the largest BESS portfolios under construction in the Baltics (399 MW / 798 MWh). In Lithuania, battery deliveries have been completed at Kelmė BESS (147 MW / 295 MWh), Mažeikiai BESS (45 MW / 90 MWh) and, after the reporting period, at Kruonis BESS (99 MW / 199 MWh). 

Additionally, after the reporting period, the Group made a final investment decision regarding Tume BESS (107 MW / 215 MWh) in Latvia. By co-locating Tume BESS with Tume solar farm (174 MW), which is currently under construction, the Group is maximising the projects’ efficiency through shared grid infrastructure and unified connections to the grid. The construction works of Tume BESS are expected to start in 2026, and its COD is estimated for 2028.

The construction of the fifth unit (110 MW) at Kruonis Pumped-storage Hydroelectric Power Plant continues to make strong progress – approximately 80% of the strategic project is already complete. The project will increase the plant's total capacity to 1,010 MW and significantly enhance the flexibility and reliability of the Baltic energy grid. 

In the Customers & Solutions segment, the expansion of the Ignitis ON electric vehicle (EV) charging network across the Baltics remains on track, with a total of 1,907 (+108 since 31 December 2025) EV charging points now installed across Lithuania, Latvia and Estonia.

In line with its Dividend Policy, Ignitis Group intends to distribute a dividend of 0.704 euros per share for the first half of 2026, corresponding to 51.0 million euros (+3.1% YoY), subject to the decision of General Meeting of Shareholders to be held on 9 September 2026.

Looking ahead, the Group expects its adjusted EBITDA for 2026 to be in the range of 550–600 million euros, with investments projected around 590–690 million euros.