PPC has recorded strong performance for another year with customized EBITDA increasing to € 1.8 billion, recording an increase of 41% compared to 2023. Among other things, there is an increase for another year of investment in renewable energy sources, flexible production, as well as distribution and digitization projects, exploiting opportunities in operation, thus reducing PPC’s risk profile by removing lignite.

Total investments amounted to € 3 billion, with a significant increase in investment in distribution and RES activities in accordance with PPC’s plan to increase the participation of net energy in the electricity mix and further enhancement and digitization of distribution networks. Investments that are for the most part of a developmental nature with about 85% of total investment in the activities of RES, flexible production and electricity distribution.

Installed RESA was 5.5GW at the end of 2024 from 4.6GW in 2023 and now stands at 6.2gw after completing 0.7GW power projects. In the next quarters there is an even greater increase in the installed power in RES, as projects of 3.7GW are already in construction or ready -to -construction or even in the process of tenders (tenders).

Lignite production in 2024 decreased by about 28% compared to 2023 and stood at 3.2TWH, accounting for 15% of PPC’s total production. In contrast, RES production recorded a slight increase in 2024 compared to 2023, despite a decrease in hydroelectric production due to smaller inputs in reservoirs, and was 6.2TWH, accounting for 29% of PPC’s total production. As a result, the intensity of CO2 emissions (Scope 1) decreased by about 2% compared to 2023.

PPC’s efforts for a cleaner and more flexible portfolio of units are also reflected in its CDP rankings, which increased for a second consecutive year by another grade in B, while PPC’s integration was integrated into London’s Sustainable FTSE4GOOOOD growth index. At the same time, in 2024, the International Organization of Science Based Targets Initiative (SBTI) certified the validity of the short -term and long -term targets of the PPC Group to reduce greenhouse gas emissions and that the targets of reducing gas emissions are submitted by the Group of Group. 1.5 ° C, according to the Paris Agreement, and the achievement of complete climate neutrality throughout the value chain by 2040.

PPC also improved its evaluation in the ESG Transparency Score of the Athens Stock Exchange Index ESG, achieving 91% positive evaluation after extensive analysis of a series of criteria for pillars Environment – Society – Corporate Governance and is consented to the leading companies in the Greek market.

Financial performance

Strong operating profitability for 2024 with customized profits before interest, tax and depreciation (EBITDA) to € 1.8 billion, increased by 41% compared to 2023. This improvement was contributed to the increased contribution of activities to Greece, both distribution and production of electricity and electricity, For the whole year compared to 2023 and in addition the addition of Kotsovolos to Greece.

Customized net profits stood at € 426 million versus € 206 million in 2023. Customized net profit after minority’s deducting rights stood at € 365 million from € 140 million in 20232.

Strong financial position despite increasing investment. The net debt index/EBITDA stood at 2.8x in 2024, well below the 3.5x threshold set by PPC, with net lending to € 5.1 billion at 31.12.2024.

Proposal for dividend distribution of € 0.40/share, increased by 60% compared to the corporate use of 2023. PPC continues the dividend distribution for the second year, with the proposal of the Board of Directors at the Regular General Meeting of Shareholders for a dividend distribution of € 0.40/share (in which the company has dividend), as is the case with the strategic plan for the period 2025-2027.

Prospects for 2025

For 2025, PPC confirms the targets announced at Capital Markets Day in November 2024, for customized EBITDA worth € 2 billion, customized net profits after deducting minority rights above € 0.4 billion and distribution of € 0.60/140%.

Stasis: We doubled operating profitability in three years

“2024 was another year of powerful performance for PPC, with EBITDA amounting to € 1.8 billion, essentially achieving doubling operating profitability over the last three years compared to 2021, when the share capital increase was carried out. An increase that is also reflected in net profitability, allowing us to increase the dividend distribution to € 0.40 per share for 2024. In addition, we have increased our investments to € 3 billion, with a focus on renewable energy and distribution projects, according to our goal of making a Powertech Energy Company. We have significantly increased the power of renewable energy to 6.2 GW, while continuing our plan to complete lignite by 2026. At the same time, PPC in 2024 further reduced electricity invoices to its customers by absorbing its strong rates. These performance highlights the durability of our business model, which offers us stability in a market with great volatility while creating opportunities for additional growth. We will continue to make use of this model by implementing significant investments within the target yields provided for in our strategic plan, with the aim of further creating value for our shareholders, our customers and the countries where we operate. “