Admie Holdings Sa · ATHEX:ADMIE
Admie Holdings Sa — ADMIE (IPTO) Holding — FY2025 Earnings Presentation
22 slides from Admie Holdings Sa's earnings presentation, Apr 8, 2026
Slide 1: Driving the Energy Transition
Driving the Energy Transition Driving the Energy Transition Financial Results Full Year 2025 Conference Call presentation April 8th 2026 ADMIE Holding 2023 – Financial Results Full Year 2023
Slide 2: Disclaimer
Disclaimer Disclaimer This document contains forward-looking statements that involve risks and uncertainties. These statements may generally, but not always, be identified by the use of words such as “outlook”, “guidance”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “target” and similar exp
Slide 3: Overview: ADMIE (IPTO) Holding
Overview ADMIE (IPTO) Holding Financial results 2025 ADMIE Holding 2023 – Financial Results Full Year 2023
Slide 4: ADMIE (IPTO) Holding Overview
ADMIE (IPTO) Holding Overview ADMIE (IPTO) Holding Overview Ownership Structure Holds 51% of the Hellenic Electricity Transmission System Operator (IPTO) Hellenic Other Republic Investors Market cap: € 670 mm(1) Purpose: 51.1% 48.9% To provide Shares: 232,000,000 operational support Hellenic Republi
Slide 5: ADMIE (IPTO) Holding 2025 Financial Highlights
ADMIE (IPTO) Holding 2025 Financial Highlights Amounts in €m INCOME 63.7 -15.9% FY 2024: 75.7 OPEX 1.3 19.6% FY 2024: 1.1 NET PROFIT 63.1 -15.9% FY 2024: 75.1 CASH 15.6 -26.0% FY 2024: 21.0 5 ADMIE Holding – Financial Results Full Year 2025
Slide 6: Overview: IPTO S.A.
Overview IPTO S.A. Financial results 2025 ADMIE Holding 2023 – Financial Results Full Year 2023
Slide 7: IPTO Key developments 2025
IPTO Key developments 2025 • Operation of the Crete–Attica Interconnection • Progressed the tenders for the Implementation of the Electrical Interconnections of the Dodecanese and the North-Eastern Aegean • Completion of the disposal of 20% of "ARIADNE INTERCONNECTION S.P.S.A." to State Grid • Signi
Slide 8: IPTO Group FY 2025 P&L
IPTO GROUP FY 2025 PL IPTO GROUP FY 2025 P&L • Total Revenue from the transmission system rent Profit & Loss Statement decreased by 2 %, to €425.9mm., m a i n l y due €mm to the decrease of interconnection rights by 31.12.2025 31.12.2024 Chg% €33.5mm. • Group’s total consolidated expenses increased
Slide 9: Electricity Demand & Supply for FY 2025
Electricity Demand & Supply for FY 2025 Production & Interconnection Mix Key figures Production Mix Import Mix 5,04% 9,74% 16,07% • FY’25 Total Market Demand reached 51.4 TWh, -0.77% y-o-y • Renewable energy contribution reached 12,86% 54.33% in 2025 54,33% 40,63% 30,86% • Net imports at 3.41 TWh; 3
Slide 10: IPTO Group 2025 Capex
IPTO Group 2025 Capex €mm Other projects ; 215,3 Crete Phase II ; 204,2 Capital investment: EUR 633 million FY22: EUR 335 Dodecanese Interconnection, 1,4 -9.31% Information Systems & Enhancement Projects ; 17,4 Megalopolli ; 22 Cyladic Islands (Phase D); 106,6 Corfu & Igoumenitisa Interconection ; 4
Slide 11: IPTO Group Key Figures & Cash Flow evolution FY 2025
IPTO GROUP Key Figures & Cash Flow evolution FY 2025 Key figures €m Net Debt € 1,378.2million (2024:€1,047.7million) Leverage Net Debt/EBITDA 28% 47.4% 4.5x 35% 38% Coverage ratio 11.9* x Interest coverage ratio *EBIT/Interest expense 2.9% 10.72%0% 3% 18.5% 11% 0.90 x Net Debt/Equity 11 ADMIE Holdin
Slide 12: WACC 2022-2025 (IPTO)
WACC 2022-2025 (IPTO) WACC 2022-2025 (IPTO) WACC according to RAAEY’s Decision E-102/2023 WACC (pre-tax nominal) 2022 2023 2024 2025 6.10% 7.57% 7.51% 7.45% RAB RAB (by 2025) Allowed Revenue Allowed Revenue* (by 2025) (in2025) (in 2025) € 3.1bn € 499.9mm € 2.846million € 488.Gmillion Incl. Special P
Slide 13: IPTO Group Critical Projects 2026-2034
IPTO GROUP Critical Projects 2026-2034 IPTO GROUP Critical Projects 2026-2034 1 Core Growth Plan Projects (2025-2034) Further Growth Projects (2034+) 2nd Greece-Albania Interconnection Expected Commissioning:2031 Existing Transmission Line Remaining capex: €20mm Significant project up to 2030 6 2nd
Slide 14: Critical Projects for the Energy Transmission of Greece and SE Europe
Critical Projects for the Energy Transmission of Greece and the Broader Southeastern European Region Critical Projects for the Energy Transmission of Greece and the Broader Southeastern European Region Core Growth Plan (2026-2034) Expected Voltage Level Remaining Capex Construction Completion Commis
Slide 15: Key project developments 2025
Key project developments 2025 Key project developments 2025 Ariadne Interconnection Interconnection of Cyclades • The innovative DC electric interconnection, connecting Attica to the largest Greek • The fourth and final phase of the Cyclades electric interconnection concerns island, Crete is now ful
Slide 16: Key project developments 2025
Key project developments 2025 Key project developments 2025 Dodecanese and Northeast Aegean Upgrading of the Koumoundourou Eastern Peloponnese Corridor Great Sea Interconnection islands interconnections EHV S/S Greece-Cyprus-Israel • Thetenders for the Dodecanese • The new Koumoundourou EHV • The Tr
Slide 17: International Interconnection Plans
International Interconnection Plans International Interconnection Plans 2nd Interconnection with Italy Interconnection with Egypt 2nd Interconnection with Albania • Completed the feasibility studies for the second Greece-Italy • Cooperation with the Operator of Egypt (EETC – Egyptian Electricity • T
Slide 18: Key strategic priorities IPTO Group
Key strategic priorities IPTO Group • Completion of Share Capital Increase of EUR 1 bn • Execution of an investment plan of EUR 7.3 bn until 2033 • Establishing a strong Health and Safety culture • Enhancing sustainability The Board of Directors of the IPTO S.A. approved the Financial Statements for
Slide 19: Appendix: FY'25 Financial Results
Appendix Appendix FY'25 Financial Results ADMIE Holding 2023 – Financial Results Full Year 2023
Slide 20: ADMIE Holding Balance Sheet and Cash Flow Summary
ADMIE Holding Balance Sheet and Cash Flow Summary ADMIE Holding Balance Sheet and Cash Flow Summary Amounts in € mm Balance sheet 31.12.2025 31.12.2024 Cash flows 31.12.2025 31.12.2024 Non-current assets 782.9 745.9 CF from Operations (0.9) (1.0) Current assets 16.6 21.9 of which: Cash & equiv. 15.6
Slide 21: IPTO Group Balance Sheet and Cash Flow Summary
IPTO Group Balance Sheet and Cash Flow Summary IPTO Group Balance Sheet and Cash Flow Summary Amounts in € mm Group Balance sheet Cash flows 31.12.2025 31.12.2024 31.12.2025 31.12.2024 Non-current assets 4,666.4 3,961.3 CF from Operations 221.2 264.4 Current assets 420.2 398.2 Ofwhich: Cash & equiv.
Slide 22: Contact
Contact Contact For additional information please contact ADMIE Holding Investor Relations: Lilian Filips Head of IR Tel: +30210 3636 936 E-mail: l.filips@admieholding.gr ADMIE Holding 2023 – Financial Results Full Year 2023