Public Power Corporation (PPC) is on a clear trajectory to exceed its 2025 targets, with growth accelerating in the second half of the year. According to CEO and Chairman George Stassis, the company is moving full steam ahead, driven primarily by the positive momentum in renewables and distribution networks—the two pillars of its new energy identity.
Strong Financial Performance in H1 2025
- Adjusted EBITDA reached €1 billion, up 7% year-on-year.
- The second quarter outperformed the first, boosted by higher renewable energy generation and favorable wind conditions.
- Distribution EBITDA decreased to €340 million from €410 million last year, due to delays in the new WACC approval. However, with the new 7% WACC effective from September, distribution performance is expected to rebound in H2.
Strategic Investments Driving Growth
- €1.3 billion invested in H1 2025, with 90% allocated to renewables, flexible generation, and distribution network modernization.
- Investments in networks grew 25% YoY, reaching €580 million.
- Smart meter penetration rose to 16% in Greece (from 11%), and 58% in Romania.
- Installed renewables capacity stands at 6.3 GW, with an additional 4 GW under construction or shovel-ready. The target of 10.3 GW by 2027 is now within reach.
Telecom Expansion: PPC Fiber Gains Momentum
- The newly launched internet-only service received 4,000 applications in 40 days, despite limited geographical availability.
- Offering FTTH (Fiber-to-the-Home) packages with speeds of 500 Mbps, 1 Gbps, and 2.5 Gbps, PPC delivers guaranteed ultra-high speeds at competitive prices.
- The service is already available to 600,000 households and businesses, with coverage expected to reach 1.5 million homes by year-end.
- In Attica, FTTH is available in 17 municipalities.
Electric Mobility and Customer-Centric Services
- PPC remains the leader in electric mobility in Greece, operating 3,509 charging points across Greece and Romania—a 30% increase YoY.
- In March 2025, PPC adapted its offerings to the new time-of-use energy tariff, launching myHome EnterTwo in April with fixed rates for two years and competitive pricing in off-peak hours.
- Value-added services expanded with ElectricianPass, developed in partnership with Kotsovolos, offering certified electrical installation services.
- New digital tools launched include the Digital Bill for full transparency and simplicity, and MyEnergyCoach, offering personalized energy-saving advice linked to energy-efficient appliance offers.
Debt Management and Dividend Increase
- Despite its ambitious investment plan, PPC maintains a healthy balance sheet, with a Net Debt/EBITDA ratio of 3.2x, below the 3.5x safety threshold.
- Net debt stands at €6 billion, with sufficient financial flexibility to support investments and higher shareholder returns.
- The Board of Directors announced a 50% increase in the upcoming dividend, bringing it to €0.60 per share.
- The strong H1 and promising H2 support the company’s confidence in achieving its annual targets of €2 billion EBITDA and over €400 million net profit.
Acceleration Toward a Green, Digital, Diversified Future
With a clear strategic focus on renewables, network modernization, and business diversification, PPC’s energy transition strategy is already delivering results. The second half of 2025 is set to be even stronger, supported by the rebound in distribution, continued momentum in renewables, and the scaling of new services in telecoms, e-mobility, and energy efficiency.
Souce: pagenews.gr