Slide 1: Investor presentation: 6M 2026 results
Investor presentation: 6M 2026 results 12 August 2026
Slide 2: Legal notice
Investor presentation / Legal notice Legal notice This document has been prepared by the parent company solely for informational purposes and must not be relied upon, disclosed or published, or used in part for any other purpose. The document should not be treated as investment advice or provide bas
Slide 3: Agenda
Investor presentation / Agenda Agenda 1. Strategic highlights 4 2. Financial highlights 8 3. Outlook 2026 18 4. Supplementary information 22 3 / 35
Slide 4: Strategic highlights
Investor presentation / Strategic highlights Strategic highlights 4 / 35
Slide 5: Highlights
Investor presentation / Strategic highlights Highlights Sustained strategic progress and consistent financial performance. Full-year 2026 guidance reiterated Consistent financial Sustained strategic Stable balance sheet Dividends in line performance progress preserved with the policy Adjusted EBITDA
Slide 6: Green Capacities Under Construction: on track and within budget
Investor presentation / Strategic highlights Green Capacities Under Construction: on track and within budget Solar Hydro BESS Tume SF Kruonis PSHP expansion Kelmė BESS Kruonis BESS Mažeikiai BESS Tume BESS ARP 174 MW 110 MW 147 MW 99 MW 45 MW 107 MW 295 MWh 199 MWh 90 MWh 215 MWh Investments made: I
Slide 7: Sustainability initiatives update
Investor presentation / Strategic highlights Sustainability initiatives update Increased green generation share, reduced carbon intensity and continued focus on safety performance Electricity Generated (net), TWh GHG emissions, million t CO2 –eq Safety, TRIR Green Share of Generation, % Carbon inten
Slide 8: Financial highlights
Investor presentation / Financial highlights Financial highlights 8 / 35
Slide 9: Financial performance overview
Investor presentation / Financial highlights Financial performance overview Adjusted EBITDA, 1.9% Financial KPIs1, EURm 6M 2026 6M 2025 Δ driven by stronger performance in Networks and Customers & Solutions Adjusted EBITDA 306.6 300.8 1.9% Adjusted Net Profit 115.8 146.2 (20.8%) Adjusted Net Profit,
Slide 10: Adjusted EBITDA
Investor presentation / Financial highlights Adjusted EBITDA Growth driven by Networks and Customers & Solutions Key drivers Adjusted EBITDA APM (17.4) EURm Lower captured price and volume. EURm (10.4%) 300.8 306.6 +1.9% +14.7 EURm Higher RAB. +11.1% 166.6 149.2 (11.2) EURm Lower result of balancing
Slide 11: Green Capacities
Investor presentation / Financial highlights Installed Capacity Green Electricity Generated (net), GW Green Share of Generation Green Capacities TWh, % 2.1 83.5% 2.1 2.00 63.8% 60.0% 1.44 1.44 Adjusted EBITDA decrease due to lower captured prices 10.0% 0.03 0.12 1.50 0.18 0.16 1.00 0.15 0.14 -40.0%
Slide 12: Networks
Investor presentation / Financial highlights Distribution volumes Technological losses TWh % Networks +10.0% 6.0% 5.0% +0.2 pp +28.4% 5.0% Better results driven by higher RAB 5.12 5.63 4.69 4.0% 4.8% 3.0% 3.65 2.0% +0.2 pp 1.2% 1.4% 1.0% 0.0% 6M 2025 6M 2026 6M 2025 6M 2026 Electricity Natural gas A
Slide 13: Reserve Capacities
Investor presentation / Financial highlights Installed Capacity GW Reserve Capacities +0.0% 1.20 1.00 1.06 1.06 0.80 Adjusted EBITDA decrease due to the lower result of our balancing capacity services 0.60 0.40 0.20 0.00 31 Dec 2025 30 Jun 2026 Adjusted EBITDA development APM Natural gas EURm Electr
Slide 14: Customers & Solutions
Investor presentation / Financial highlights Customers & Solutions Increase driven by better electricity and natural gas supply activities results Electricity retail sales Natural gas sales TWh TWh +15.5% +12.6% 4.25 4.09 3.77 3.54 Adjusted EBITDA development APM +222.4% EURm 1.91 0.59 6M 2025 6M 20
Slide 15: Investments
Investor presentation / Financial highlights Investments Decrease due to several projects reaching COD in 2025 Investments APM Key drivers EURm 343.2 306.1 (10.8%) Increase was mainly driven by higher +43.1 EURm Investments in the electricity distribution 165.2 +26.1% maintenance and expansion, main
Slide 16: Free cash flow
Investor presentation / Financial highlights Free cash flow Broadly neutral FCF, as Adjusted EBITDA outweighted Investments FCF APM Key drivers EURm 64.0 Adjusted EBITDA (+306.6 EURm). Change in Net Working Capital (+21.6 EURm). Investments (-306.1 EURm). 5.3 (58.7) 6M 2025 6M 2026 Note: In March 20
Slide 17: Leverage metrics
Investor presentation / Financial highlights Leverage metrics Leverage metrics remained broadly stable, while FFO LTM/Net Debt improved by 1.2 pp to 22.2% Net Debt/Adjusted EBITDA LTM APM FFO LTM/Net Debt APM times, % Net Debt development APM 5.00 21.0% 22.2% EURm 4.50 20.0% 4.00 3.50 3.49 0.0% 3.50
Slide 18: Outlook 2026
Investor presentation / Outlook 2026 Outlook 2026 18 / 35
Slide 19: Guidance 2026
Investor presentation / Outlook 2026 Guidance 2026 Adjusted EBITDA of 550–600 EURm, Investments of 590–690 EURm guidance reiterated Adjusted EBITDA APM Investments APM EURm EURm 720.3 590–690 546.1 550–600 25.2 37.7 Guidance 263.4 337.0 291.5 434.5 (48.5) 2025 2026 2025 2026 actual guidance actutal
Slide 20: Highlights
Investor presentation / Outlook 2026 Highlights Sustained strategic progress and consistent financial performance. Full-year 2026 guidance reiterated Consistent financial Sustained strategic Stable balance sheet Dividends in line performance progress preserved with the policy Adjusted EBITDA Install
Slide 21: Q&A
Investor presentation / Q&A Q&A 21 / 35
Slide 22: Supplementary information
Investor presentation / Supplementary information Supplementary information 22 / 35
Slide 23: Statement of profit or loss
Investor presentation / Supplementary information Statement of profit or loss EURm 6M 2026 6M 2025 Δ% Revenue from contracts with customers 1,491.3 1,294.5 15.2% Other income 6.2 3.5 77.1% Total revenue 1,497.5 1,298.0 15.4% Electricity, gas and other services (993.4) (849.4) 17.0% Salaries and rela
Slide 24: Statement of financial position
Investor presentation / Supplementary information Statement of financial position EURm 30 Jun 2026 31 Dec 2025 Δ% EURm 30 Jun 2026 31 Dec 2025 Δ% Assets Equity and liabilities Intangible assets 290.6 293.2 (0.9%) Share capital 1,616.4 1,616.4 0.0% Property, plant and equipment 4,846.9 4,699.2 3.1% R
Slide 25: Statement of cash flows
Investor presentation / Supplementary information Statement of cash flows EURm 6M 2026 6M 2025 Δ% EURm 6M 2026 6M 2025 Δ% Cash flows from operating activities Cash flows from financing activities Net profit for the period 113.2 111.4 1.6% Loans received 555.1 - n/a Adjustments for non-cash items 126
Slide 26: EBITDA and Net Profit adjustments
Investor presentation / Supplementary information EBITDA and Net Profit adjustments EBITDA adjustments Net Profit adjustments EURm EURm 6M 2026 6M 2025 Δ Δ% 6M 2026 6M 2025 Δ Δ% EBITDA APM 303.5 262.5 41.0 15.6% Net profit 113.2 111.4 1.8 1.6% Adjustments Adjustments Temporary regulatory differences
Slide 27: Net Working Capital
Investor presentation / Supplementary information Net Working Capital Seasonality-driven decrease in trade and accrued receivables Net Working Capital APM Key drivers (6M 2026 vs 2025): EURm (49.5%) Lower trade and accrued receivables (-26.6 EURm), Customers & (83.7%) Solutions segment driven by sea
Slide 28: Financing
Investor presentation / Supplementary information Financing Repayment schedule1,2 Liquidity reserve EURm EURm 1,002.7 602.4 300.0 764.0 300.0 300.0 329.3 314.1 168.8 130.1 155.5 273.1 238.7 92.6 93.5 102.0 121.9 42.1 75.4 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035+ 31 Dec 2025 30 Jun 2026 Loa
Slide 29: Installed Capacity and generation mix overview
Investor presentation / Supplementary information Installed Capacity and generation mix overview Electricity generated1 vs supplied by Ignitis Group in 2025 TWh 7.4 Gap enough to cover ~2.0 GW2 of new Green Capacities 1.9 Externally–secured 0.4 Generated1 Electricity supply portfolio 1. Excluding op
Slide 30: Hedging levels
Investor presentation / Supplementary information Hedging levels Generation portfolio hedging levels1 120% 200 116 Hedge price2, 83 83 83 82 150 100% EUR/MWh 100 50 80% 0 60% -50 -100 40% 86% -150 Volumes 63% 62% 61% 50% hedged3,4, -200 20% % -250 0% -300 2025 2026 2027 2028 2029 1. Hedging levels a
Slide 31: Industry overview
Investor presentation / Supplementary information Industry overview Nord Pool system 81.7 EUR/MWh (+127.2%) TTF Electricity 39.7 EUR/MWh (-6.0%) Consumption, TWh Generation, TWh TWh 6M 2026 6M 2025 Δ, % TWh 6M 2026 6M 2025 Δ, % Finland 75.9 EUR/MWh (+96.7%) Lithuania 6.4 5.8 9.3% Lithuania 5.4 5.0 8
Slide 32: Disclosure summary
Investor presentation / Supplementary information Disclosure summary Strategic financial guidance Our strategic performance KPIs Installed Green Capacities: Total Investments, 2026–2029 2.5–3.0 EURbn − Target for 2029 2.8–3.2 GW − Strategic goal 4.0–5.0 GW Addressable cost reduction in real terms: f
Slide 33: Glossary
Investor presentation / Supplementary information Glossary Commercial Operation Date (COD) Green Capacities projects that have achieved Installed Capacity Final Investment Decision (FID) A decision of a relevant governance body on making significant financial commitments related to the project Insta
Slide 34: Abbreviations
Investor presentation / Supplementary information Abbreviations APM Alternative Performance Measures (link) LTM Last twelve months B2B Business to business NERC National Energy Regulatory Council B2C Business to consumer NPS Net promoter score BESS Battery energy storage system PPA Power purchase ag
Slide 35: More about Ignitis Group / Contacts
More about Contacts Ignitis Group Reports, presentations & fact IR@ignitis.lt sheets Sustainability Strategy 35 / 35