Litgrid (LGD1L) Q1 2026 earnings summary

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.