Societatea Energetica Electrica S.a. · BVB:EL

Societatea Energetica Electrica — 9M 2025 Earnings Presentation

75 slides from Societatea Energetica Electrica's earnings presentation, Dec 2, 2025

  1. Slide 1: Presentation of Electrica 9M 2025 Financial Results

    Presentation of Electrica 9M 2025 Financial Results (Acc. IFRS-EU) WOOD's Winter Wonderland EMEA Conference , 2 December 2025

  2. Slide 2: Content

    Content 1 Electrica Group’s overview 2 Q3 2025 Group’s Financial Results 3 Main Corporate Events 4 Group Strategy Implementation 5 Shareholdings’ Structure and Evolution of the Shares & GDRs Regulatory Aspects - Distribution 6 o Appendices o Regulatory Aspects - Supply 2

  3. Slide 3: Disclaimer

    This document was prepared by Electrica for the presentation of 9M 2025 DISCLAIMER financial results and has an informative nature. This presentation is not an offer, an invitation or recommendation to trade the securities issued by Electrica. The results presented are The consolidated financial sta

  4. Slide 4: Group overview

    1 Group overview

  5. Slide 5: Electrica is the most important national distribution operator and electricity supplier

    Electrica is the most important national distribution operator and the electricity supplier with the most places of consumption in Romania Electricity Distribution Electricity Supply Users Voltage lines Distributed Energy Consumption Total market share Electricty supplied on ~4.005 million 205,397 k

  6. Slide 6: Largest Distribution Service Operator in Romania

    Largest Distribution Service Operator in Romania #2. Electrica – An Integrated Energy Platform Volumes Distributed in 2023 ➢ Through its subsidiary, the DSO Distributie Energie Electrica Romania S.A. (DEER), Electrica is a key player in the electricity distribution servicing 40.8% of Romania’s area,

  7. Slide 7: One of the Leading Players in Romania's Electricity Supply

    One of the Leading Players in Romania’s Electricity Supply 2024 Jan – Aug 2025 o Market leader in electricity supply Overall Market share through its subsidiary Electrica Furnizare (EFSA) by number of Electrica Furnizare consumption places - 3.4 million 15.48% Others 14.82% o Second on the overall m

  8. Slide 8: Green Growth Pipeline - Production and Storage

    Green Growth Pipeline - Production and Storage 307.5 MW* Total Green Production Photovoltaic Projects (PV) 186.5 MWp Photovoltaic (PV) Satu Mare 2 27 MWp Operational since October 2025 Operational since October 2025 Satu Mare 3 62.5 MWp Competitive selection procedure phase Estimated Completion date

  9. Slide 9: Electrica's Capital Structure

    Electrica’s Capital Structure Electrica is the only listed Romanian company active in electricity distribution, supply and production in Romania. Its listing in July 2014 was the largest primary initial public Shared listed on BSE, Main market since 2014 (ticker EL) and offering in Romania with the

  10. Slide 10: Corporate Governance Bodies - Non-Executive Management

    Corporate Governance Bodies - Non-Executive Management Board of Directors - Current composition – with mandates until 26 January 2028* Mr. Mihai Diaconu Mr. Dragos Neacsu Chair of the Board of Directors Mr. Adrian Lotrean Non-executive Independent Director since Non-executive Director, elected on No

  11. Slide 11: Corporate Governance Bodies – Executive Management

    Corporate Governance Bodies – Executive Management https://www.electrica.ro/en/investors/corporate- governance/executive-management/ Mr. Alexandru-Aurelian Chirita Chief Executive Officer 17 May 2022 – 31 December 2026 Mr. Stefan Frangulea Ms. Andreea Lambru Chief Financial Officer Chief Business De

  12. Slide 12: Group's financial results 9M 2025

    Group’s financial 2 results 9M 2025 (acc. IFRS-EU)

  13. Slide 13: Summary Consolidated Financials (IFRS-EU)

    Summary Consolidated Financials (IFRS-EU) Revenues EBITDA1 Growth and Margin Performance (RON mn.) EBITDA (RON mn.) and EBITDA Margin (%) 9,817 Revenues excl 17.5% 22.4% Green Certificates 2,000 25.0% 8,995 Green Certificates 543 Revenues 1,800 542 7,733 1,600 15.1% 16.5% 20.0% 6,427 402 1,400 404 1

  14. Slide 14: Consolidated EBITDA and Net Result Evolution (IFRS-EU)

    Consolidated EBITDA and Net Result Evolution (IFRS-EU) The consolidated EBITDA variation 9M 2025 vs. 9M 2024 is positive of RON 670 mn., being mostly the cumulated effect of the factors below: EBITDA (RON mn.) ❑ The positive variation of the energy margin RON +751 mn., thereof: 751 22 1,732 • RON +2

  15. Slide 15: Distribution Segment – Highlights (IFRS-EU)

    Distribution Segment – Highlights (IFRS-EU) Key figures 9M 2025 Financial results Users Voltage lines EBITDA increased by RON 213 mn., mainly due to the evolution of: ~4.005 million 205,397 km ▲ increase in energy margins by RON +278 mn., as an effect of: Distributed Energy ➢ RON +430 mn. – positive

  16. Slide 16: Distribution segment – main aspects (IFRS-EU)

    Distribution segment – main aspects (IFRS-EU) Distributed energy margin Relevant regulatory information: (RON mn.) The positive regulated result for 9M 2025 of RON 932 mn. does not include the effect of the capitalization of the negative deviation of the cost of NL - in realized values this was RON

  17. Slide 17: RRAB Analysis for distribution segment for 2025

    RRAB Analysis for distribution segment for 2025 (RON mn.) 34 79 814 (33) 138 734 32 48 684 (106) 636 581 15 (72) (69) (217) 148 (257) (26) Subsidies*, diff. Amz. Accounting vs Regulation, Provisions SOURCE: COMPANY DATA PRESENTATION OF 9M 2025 FINANCIAL RESULTS (ACC. IFRS-EU) 17

  18. Slide 18: Distribution Segment in 9M 2025 (RON mn.)

    Total net revenue 3,207 NL realized (782) OPEX (942) Regulated amortiz. (551) Regulated 932 result 2025 YTD NL Capitalization 38 Subsidies revenues 88 Accounting deprec. (652) PRESENTATION OF 9M 2025 FINANCIAL RESULTS (ACC. IFRS-EU) Regulated deprec. 551 32 Provision adjust. Monopoly tax (10) Other

  19. Slide 19: DEER – largest distribution operator in Romania

    DEER – largest distribution operator in Romania Distribution Tariffs (RON/MWh) Users Voltage lines 34.72 LV MV HV 34.14 31.23 300.00 ~4.005 million 205,397km 31.22 74.69 29.09 80.69 69.44 29.55 250.00 23.35 28.48 71.38 74.86 24.63 63.05 Distributed Energy 200.00 56.70 23.77 62.32 RAB: RON 8.282 bn 5

  20. Slide 20: Financial impact of electricity market evolution - distribution

    The financial impact of the electricity market perspectives evolution - distribution Evolution of the cost of electricity needed to cover NL (net with income) ❑ In 9M 2025, the cost of electricity purchased for NL (net with income) coverage increased by RON 112.1mn., or 16.7 %, from RON 669.4 mn. in

  21. Slide 21: Supply segment – Electrica Furnizare (IFRS-EU)

    Supply segment – Electrica Furnizare (IFRS-EU) EBITDA improved by RON 559 mn. compared to 9M 2024, mainly following the evolution of the factors below: • RON +472 mn. from the supply segment, increase generated mostly by: ~3.4 mn. ➢ RON +978 mn. – the variation in revenues related to the supply segm

  22. Slide 22: Electrica Furnizare ranked second among suppliers in 8 months in 2025

    Electrica Furnizare ranked second among suppliers in 8 months in 2025 The supply market consists of the competitive segment, the universal service segment (US) and the supplier of last resort (SoLR) segment. The competitive segment comprises 92 suppliers (including suppliers of last resort operating

  23. Slide 23: Supply - key aspects – 9M 2025

    Supply - key aspects – 9M 2025 Volume of Electricity Supplied Volume of Electricity Supplied on Number of consumption places at Number of consumption places at on Retail Market 9M 2025 Retail Market 9M 2025 (TWh) 30 Sept 2025 (mn.) split by segment 30 Sept 2025 (mn.) split by type (TWh) split by seg

  24. Slide 24: Electricity market evolution – supply 9M 2025 (1/3)

    The financial impact of the electricity market perspectives evolution – supply – 9M 2025 (1/3) Between January and September 2025, gross margin amounted to RON 592 mn., RON 471 mn. higher than the level recorded on 30 September 2024 (RON 121 mn.), total volumes decreased by 154 GWh, as household vol

  25. Slide 25: Electricity market evolution – supply 9M 2025 (2/3)

    The financial impact of the electricity market perspectives evolution – supply – 9M 2025 (2/3) Purchase prices evolution ELECTRICITY MARKET ❑ The third quarter of 2025 was characterized by low liquidity in the wholesale market, reflecting a limited number of offers to sell, sellers’ reluctance to co

  26. Slide 26: Receivables status – supply (3/3)

    The financial impact of the electricity market perspectives evolution – supply – Q3 2025 (3/3) Receivables’ analysis (acc. OMFP 1802/2014) RECEIVABLES STATUS ❑ The receivables balance increased by 3% (+RON 112 mn) as of 30 September 2025 compared to 31 December 2024, reaching RON 3,809 mn ❑ Outstand

  27. Slide 27: Electrica Serv (SERV) (IFRS-EU)

    Electrica Serv (SERV) (IFRS-EU) General overview Revenues 120 (RON mn.) SERV provides repair and other energy-related services to third parties, as well as several services to the companies within the group (vehicles rental, building rental 100 etc.). 105.0 86.2 80 SERV will multiply its efforts to

  28. Slide 28: Production Segment (IFRS-EU)

    Production Segment (IFRS-EU) General overview Production Segment – Structure at 30 September 2025 Starting with the year 2020, the Electrica Group proposed the development of a portfolio of electricity production capacities from renewable sources (wind and photovoltaic). At the Installed Subsidiary

  29. Slide 29: Group Liquidity

    Group Liquidity ❑ At Group level, the total liquidity available in cash and GROUP LIQUIDITY overdraft limits as of 30 September 2025 was RON 2,541 Total liquidity (RON mn.) 2,541 mn., mainly due to the lower level of use of the overdraft limits on ELSA, but also on the distribution and supply segmen

  30. Slide 30: Improved Debt Maturity Profile

    Improved Debt Maturity Profile Bank borrowings Long term vs Short term Maturity profile of bank borrowings (RON mn.) (RON mn.) 5,439 5,525 Q3 2025 5,484 4,882 Total: 4,168 5,484 1,825 3,001 2,955 2,882 794 2,602 1,686 3,374 3,057 2,437 2,570 2,602 1,090 106 2023 2024 Q1 2025 Q2 2025 Q3 2025 less tha

  31. Slide 31: Distribution of dividends

    Distribution of dividends Distributed gross dividends and distribution rates(2) Gross dividend per share (RON) and (2014 – 2024) (mn. RON / %) Dividend Yield(1) (%) 6.9% 6.9% 7.3% 6.0% 6.8% 5.2% 5.2% 6.1% 0.8600 0.7217 0.7415 0.7237 0.7300 0.7248 0.7300 100% 306 292 292 283 283 250 248 248 246 245 2

  32. Slide 32: Main Corporate Events

    3 Main Corporate Events

  33. Slide 33: Relevant Corporate Events in 2025 (1/6) – GMS

    Relevant Corporate Events in 2025 and up to date (1/6) ▪ On 5 February 2025, the OGMS and EGMS took place, physically and online, through the voting platform https://electrica.voting.ro/, with a quorum of approx. 88% of the total voting rights, which mainly approved: o Election of Mr. Mihai Diaconu,

  34. Slide 34: Relevant Corporate Events in 2025 (2/6)

    Relevant Corporate Events in 2025 and up to date (2/6) ▪ On 29 January 2025, the ELSA Board of Directors elected Mr. Mihai Diaconu as Chairman of the Board of Directors starting with 1 February 2025, for the MAIN DECISIONS OF THE BOD duration of his mandate as director and established the compositio

  35. Slide 35: Relevant Corporate Events in 2025 (3/6)

    Relevant Corporate Events in 2025 and up to date (3/6) ▪ On 29 April 2025, Electrica’s BoD approved the 2025 Consolidated value of the Investment Plan (CAPEX) of the Electrica Group, in total amount of RON MAIN DECISIONS OF THE BOD 1,544.5 mn. ▪ On 30 June 2025, Electrica’s BoD approved an increase

  36. Slide 36: Relevant Corporate Events in 2025 (4/6)

    Relevant Corporate Events in 2025 and up to date (4/6) ▪ On 31 January 2025, the second 4-year term of the Executive Director of the Distribution Department, Ms. Livioara Sujdea, effectively ended. OTHER RELEVANT EVENTS ▪ On 7 February 2025, ELSA acquired the rest of the shares up to 100% of the sha

  37. Slide 37: Relevant Corporate Events in 2025 (5/6)

    Relevant Corporate Events in 2025 and up to date (5/6) ▪ On 1 July 2025, Electrica informed its investors about the mandate given to Banca Comerciala Romana S.A., member of Erste Group (“BCR”), BNP OTHER RELEVANT EVENTS PARIBAS, Citi, ING, J.P. Morgan and Raiffeisen Bank International as Joint Globa

  38. Slide 38: Relevant Corporate Events in 2025 (6/6)

    Relevant Corporate Events in 2025 and up to date (6/6) ▪ On 7 August 2025, Electrica published the S1 2025 Preliminary Key Operational Indicators. OTHER RELEVANT EVENTS ▪ On 12 August 2025, Electrica published the availability report for H1 2025 and details for the conference call ▪ On 9 September 2

  39. Slide 39: Group Strategy and Sustainability

    4 Group Strategy and Sustainability

  40. Slide 40: Electrica Group – Corporate Strategic Objectives

    Electrica Group – Corporate Strategic Objectives (updated December 2024) o Renewable energy production - Target 2030 - 1000 MWh, Sustainable growth of profitability o Energy storage 2030 target: 900 MWh Development of energy production o Analysis of the possibilities of implementing predictable web

  41. Slide 41: Driving Growth Through Sustainable Practices

    Driving Growth Through Sustainable Practices Electrica Group is committed to driving sustainable growth through innovation, operational excellence and responsible governance. In 2024, the Group’s Sustainability Strategy covering 2025-2030 was updated with the aim to contribute to Romania’s energy tr

  42. Slide 42: Strategic Advantage via CSRD and ESRS Integration

    Strategic Advantage via CSRD and ESRS Integration In 2025, Electrica released its Sustainability Statement for FY2024 aligned with CSRD and ESRS requirements. As part of the Annual Report, the Sustainability statement sits alongside the Directors’ Report and Financial Statements and incorporates a d

  43. Slide 43: Electrica's Inaugural Green Bond

    Electrica’s Inaugural Green Bond - Financing the Energy Transition Coupon 4.375%, annual 5 years tenor; Listed on maturity - 14 LuxSE and BSE July 2030 The green bond issuance The funds raised through carried out by Electrica in July Electrica's first bond issue will 2025 marked a milestone in EUR 5

  44. Slide 44: 2025 Green Bonds Issuance - Anchored in 2030 Strategies

    2025 Green Bonds Issuance - Anchored in Electrica’s 2030 Corporate & Sustainability Strategies Electrica’s Sustainability Commitment: Green Projects at the Core Electrica’s focus is currently on renewable energy generation, grid modernization, and energy storage investments that support Romania’s lo

  45. Slide 45: 2025 Green Finance Framework

    2025 Green Finance Framework - Financing the Energy Transition Responsibly o Purpose & Strategic Alignment ✓ Supports Electrica’s Sustainability Strategy 2025–2030 and Romania’s climate goals ✓ Aligned with the ICMA Green Bond Principles and the Substantial Contribution Criteria of the EU Taxonomy o

  46. Slide 46: Shareholdings' structure and evolution of the shares and GDRs

    Shareholdings’ structure 5 and evolution of the shares and GDRs

  47. Slide 47: Monthly Volume and Average Price of Electrica's Shares and GDRs

    Monthly Volume and Average Price of Electrica’s Shares and GDRs (1 Jan 2025 – 28 Nov 2025) 4,000,000 30.00 3,500,000 25.00 24.13 3,000,000 22.77 20.00 2,500,000 19.10 18.35 16.46 15.80 2,000,000 14.74 14.68 15.00 14.25 13.11 12.68 13.09 1,500,000 13.50 10.00 1,000,000 1,378,360 1,735,945 1,206,905 2

  48. Slide 48: Electrica's adjusted closing price vs BET-TR

    Electrica’s adjusted closing price vs BET-TR (1 Jan 2025 – 28 Nov 2025) – in % 28-Nov-25, 82.40 100.00 17-Nov-25, BET-TR 92.63 80.00 Electrica adjusted price with dividends 60.00 40.00 20.00 28-Nov-25, 45.07 0.00 -20.00 -40.00 3-Jan-25 3-Feb-25 3-Mar-25 3-Apr-25 3-May-25 3-Jun-25 3-Jul-25 3-Aug-25 3

  49. Slide 49: Median monthly volume vs FTSE Russell liquidity threshold

    Electrica’s Median monthly volume vs FTSE Russell liquidity threshold (admission and maintenance) - 1 January 2023 – 28 November 2025 First month after FTSE inclusion 250,000 250,000 Second maintenance 200,000 Third maintenance 200,000 1st maintenance 150,000 150,000 271,539 247,766 100,000 100,000

  50. Slide 50: Shareholder Structure at 30 September 2025

    Shareholder Structure at 30 September 2025 • NN Group NV own, directly or indirectly, between 10% and 15% of the total number of share with voting right • Paval Holding and Allianz SE own, directly or indirectly, between 5% and 10% of the total number of shares with voting right SHAREHOLDINGS’ STRUC

  51. Slide 51: Appendices

    Appendices 6 Regulatory Aspects – Distribution Regulatory Aspects – Supply

  52. Slide 52: Important Regulatory Changes – Distribution Activity (1/5)

    Important Regulatory Changes – Distribution Activity (1/5) ❑ RP5 Regulations on Distribution tariffs DISTRIBUTION ACTIVITY o RRR: for RP5 was approved by ANRE Order no. 55/6.08.2024, the value of 6.94% for RRR. o Methodology for establishing distribution tariffs - for RP5 was approved by ANRE Order

  53. Slide 53: Important Regulatory Changes – Distribution Activity (2/5)

    Important Regulatory Changes – Distribution Activity (2/5) ❑ The methodology for establishing distribution tariffs for RP5 was approved by ANRE Order no. 67/17Sep2024 and entered into force on 20Sep2024 I. OPEX: DISTRIBUTION ACTIVITY ▪ OPEXC and the efficiency factor will be established based on the

  54. Slide 54: Important Regulatory Changes – Distribution Activity (3/5)

    Important Regulatory Changes – Distribution Activity (3/5) ❑ ANRE Order no. 97/20.12.2024 regarding the approval of the specific tariffs for the electricity distribution service and the price for reactive electricity, valid from 1 January 2025, for DEER., as well as the values of the investment plan

  55. Slide 55: Important Regulatory Changes – Distribution Activity (4/5)

    Important Regulatory Changes – Distribution Activity (4/5) ❑ ANRE order no. 53/30.07.2024 for the approval of the Methodology regarding the allocation of the electrical network capacity for the connection of the producers, as well as for the modification and completion of some ANRE orders in the fie

  56. Slide 56: Important Regulatory Changes – Distribution Activity (5/5)

    Important Regulatory Changes – Distribution Activity (5/5) ❑ ANRE Order no. 56/08.07.2025 on the Methodological Norms regarding the exemption from payment of regulated tariffs applied by the DSOs for stored electricity, DISTRIBUTION ACTIVITY extracted from the network, according to GEO 134/2024 The

  57. Slide 57: Methodology for establishing distribution tariffs RP5

    Methodology for establishing distribution tariffs RP5 Regulated Revenue VR = VR nonNL 1 + VR NL A 1 2 3 4 5 6 B 7 8 9 Reactive Revenue non NL 2 = OPEX Contr 3 + OPEX Noncontr + 3 Amortization + RRAB 4 - Revenue&other activities profit + KVP VR NL Useful NL + useful S = VR VR NL + VR NL useful T • St

  58. Slide 58: Changes in distribution tariffs methodology (1/3)

    Changes in distribution tariffs methodology (1/3) Methodology for establishing distribution tariffs - Summary RP5 vs RP4 RP4 RP5 OPEX Controllable – Costs that must be made more efficient do not OPEX Controllable – Costs that must be made more efficient do not include PEX include PEX and OSH; effici

  59. Slide 59: Changes in distribution tariffs methodology (2/3)

    Changes in distribution tariffs methodology (2/3) Methodology for establishing distribution tariffs - Comparative elements RP5 vs RP4 Cost of capital Methodology RP4 Methodology RP5 1. RAB includes: used assets for the distribution service, which 1. RAB includes: idem RP4 are registered in the DSO a

  60. Slide 60: Changes in distribution tariffs methodology (3/3)

    Changes in distribution tariffs methodology (3/3) Methodology for establishing distribution tariffs - Comparative elements RP5 vs RP4 OPEX & NL Methodology RP4 Methodology RP5 1. OPEXC start is established on the basis of OPEX study made by ANRE 1. OPEXC start is established by benchmarking analysis

  61. Slide 61: Regulatory Provisions – Supply (1/10)

    Relevant Applicable Regulatory Provisions – Supply (1/10) GEO no. 6/2025 - Emergency Ordinance regarding measures applicable to final customers in the electricity market for the period April 1, 2025 – June 30, 2025, PRIMARY LEGISLATION and measures applicable to end customers in the natural gas mark

  62. Slide 62: Regulatory Provisions – Supply (2/10)

    Relevant Applicable Regulatory Provisions – Supply (2/10) o The final customers’ declarations regarding the capped final price, submitted to suppliers based on the provisions of GEO No. 27/2022, remain valid;: PRIMARY LEGISLATION o The CfD was included in the capped final price; o The application of

  63. Slide 63: Regulatory Provisions – Supply (3/10)

    Relevant Applicable Regulatory Provisions – Supply (3/10) GEO no. 20/2025 – Emergency Ordinance establishing a state aid scheme regarding the exemption of certain categories of final consumers from the PRIMARY LEGISLATION application of Law no. 220/2008 establishing the system for promoting the prod

  64. Slide 64: Regulatory Provisions – Supply (4/10)

    Relevant Applicable Regulatory Provisions – Supply (4/10) Order of the Energy Minister No. 371/2025 – GEO amending the State Aid Scheme for supporting investments in new renewable energy electricity generation SECONDARY LEGISLATION capacities for self-consumption, related to the Modernization Fund,

  65. Slide 65: Regulatory Provisions – Supply (5/10)

    Relevant Applicable Regulatory Provisions – Supply (5/10) ANRE Order No. 1/2025 – Order amending and supplementing the Framework Conditions for the implementation of the national smart electricity metering systems, approved by Order of the President of the National Energy Regulatory Authority No. 17

  66. Slide 66: Regulatory Provisions – Supply (6/10)

    Relevant Applicable Regulatory Provisions – Supply (6/10) ANRE Order no. 10/2025 published in the Official Gazette no. 266 of 27.03.2025 – Order approving the contribution for contracts for difference (CfD). SECONDARY LEGISLATION o The contribution for contracts for difference (CfD) is approved in t

  67. Slide 67: Regulatory Provisions – Supply (7/10)

    Relevant Applicable Regulatory Provisions – Supply (7/10) ANRE Order no. 12/2025 – Order regarding the take-over by electricity suppliers of electricity produced and delivered to the grid by prosumers owning renewable SECONDARY LEGISLATION energy plants with an installed electrical power of up to 20

  68. Slide 68: Regulatory Provisions – Supply (8/10)

    SECONDARY LEGISLATION Relevant Applicable Regulatory Provisions – Supply (8/10) ANRE Order no. 16/2025 – Order approving the regulated tariff for electricity exchanges with neighboring countries, practiced by the National Electricity Transmission Company “Transelectrica” S.A. o The regulated tariff

  69. Slide 69: Regulatory Provisions – Supply (9/10)

    Relevant Applicable Regulatory Provisions – Supply (9/10) ANRE Order no. 57/2025 – Order for the amendment and completion of the Order of the President of the National Energy Regulatory Authority no. 93/2024 SECONDARY LEGISLATION regarding the approval of fees and monetary contributions charged by t

  70. Slide 70: Regulatory Provisions – Supply (10/10)

    SECONDARY LEGISLATION Relevant Applicable Regulatory Provisions – Supply (10/10) ANRE Order No. 60/2025 – Order approving the tariff for the procurement of system services for the National Electricity Transmission Company “Transelectrica” S.A., applicable as of 1 September 2025 o The tariff for the

  71. Slide 71: Regulatory Provisions – Production

    Relevant Applicable Regulatory Provisions – Production GEO no. 6/2025 published in Official Gazette no. 262 on 26.03.2025 Ordinance regarding the measures applicable to final customers in the electricity market LEGISLATION PRIMARY AND SECONDARY during the period 1 April 2025 – 30 June 2025, and meas

  72. Slide 72: Glossary

    Glossary ANRE Romanian Energy Regulatory Authority IFRIC International Financial Reporting Interpretations Committee B2B Business to Business IFRS International Financial Reporting Standard BET-TR Bucharest Exchange Trading - Total Return Index IMS Integrated Management System BM Balancing Market IP

  73. Slide 73: Financial Calendar

    28 February Publication of the Preliminary Financial Results for FY 2024 2025 Publication of the 2024 financial annual results - documents for the Ordinary 28 March General Meeting of Shareholders on 29 April 2025 Investor and analyst teleconference for presentation of 2024 consolidated financial FI

  74. Slide 74: Investor Relations

    Investor Relations ir@electrica.ro https://www.electrica.ro/en/investors/ Disclaimer This document has been prepared by Electrica and is for information purposes only. This presentation is not an offer, invitation or recommendation to trade in securities issued by 9 Grigore Alexandrescu Str., Electr

  75. Slide 75: Q&A

    17-Nov-25, 25.25 Mr. Stefan Frangulea CFO Q&A 29-Sep-22, 6.10 PRESENTATION OF 9M 2025 FINANCIAL RESULTS 75

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