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Litgrid (LGD1L) investor relations material
Litgrid Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 rose 47% year-over-year to €158.4 million, driven by higher transmission and balancing/imbalance energy sales.
Net profit for the period reached €37.2 million, reversing a €27.0 million loss in Q1 2025.
EBITDA was €47.8 million, compared to a negative €27.8 million in the prior year.
Financial highlights
Revenue: €158.4 million (Q1 2026) vs. €108.1 million (Q1 2025), up 47%.
Net profit: €37.2 million (Q1 2026) vs. €-27.0 million (Q1 2025).
EBITDA: €47.8 million (Q1 2026) vs. €-27.8 million (Q1 2025).
Total assets: €883.1 million at 31 March 2026, up from €816.4 million at year-end 2025.
Net financial debt: €26.3 million at 31 March 2026, down from €33.1 million a year earlier.
Outlook and guidance
Adjusted EBITDA for Q1 2026 was €15.2 million, reflecting regulatory adjustments.
Management expects future profitability to be influenced by regulatory pricing adjustments and balancing market mechanisms.
- Revenue and profit surged in H1 2024 as strategic projects and synchronization advanced.LGD1L
Q2 202420 Apr 2026 - Revenue up 14% but net profit down on higher costs; major investments and new CEO announced.LGD1L
Q4 202527 Feb 2026 - Higher costs drove a €35.2 million net loss despite 9% revenue growth year-over-year.LGD1L
Q3 20257 Nov 2025 - Revenue up, costs surge, net loss; grid projects and EU synchronization completed.LGD1L
Q2 20258 Aug 2025 - Net profit declined to €31.7 million despite stable revenue and major network investments.LGD1L
Q3 202413 Jun 2025 - Q1 2025 loss of EUR 27M as costs surge, but adjusted EBITDA and 2024 dividend approved.LGD1L
Q1 20256 Jun 2025 - Litgrid achieved stable profit and completed Baltic grid synchronization with Europe.LGD1L
Q4 20245 Jun 2025
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