Terna Energy
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Terna Energy (TENERGY) investor relations material

Terna Energy has been acquired by Abu Dhabi Future Energy Company PJSC - Masdar

Terna Energy H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for TERNA ENERGY Industrial Commercial Technical Societe Anonyme
H1 2025 earnings summary29 Sep, 2025

Executive summary

  • Revenue from continuing operations for H1 2025 was €140.7 million, down 7.5% year-over-year, mainly due to lower wind power and network curtailments.

  • EBITDA from continuing operations reached €94.4 million, a 1.3% decrease compared to H1 2024.

  • Net profit attributable to shareholders from continuing operations increased by 3.9% to €31.08 million.

  • The company completed its transition to a sole shareholder structure under MASDAR HELLAS SINGLE MEMBER S.A. in April 2025.

  • Major investments continued, including the Amfilochia pumped storage project and new photovoltaic and battery storage projects.

Financial highlights

  • Revenue from continuing operations: €140.7 million (H1 2025), down from €152.1 million (H1 2024).

  • EBITDA: €94.4 million (H1 2025) vs. €95.7 million (H1 2024).

  • Net profit from continuing operations: €31.08 million (H1 2025) vs. €29.90 million (H1 2024).

  • Net debt as of 30/06/2025: €769.1 million, down from €795.6 million at 31/12/2024.

  • Cash and cash equivalents: €324.8 million, including €68.2 million in restricted deposits.

  • Investments from continuing operations: €56.2 million in H1 2025.

Outlook and guidance

  • The group aims to increase installed capacity to 6 GW by 2030, with ongoing construction of 376.4 MW in photovoltaics and 40 MW in battery storage.

  • Integration into MASDAR is expected to accelerate growth and capacity expansion.

  • Continued focus on long-term, recurring revenue streams through green energy investments.

Masdar ownership's impact on capacity targets?
Mitigation strategy for network curtailments?
Agios Georgios dispute: implications of 1367/2025?
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