ADMIE Holdings announced its first-quarter results.
ADMIE Holdings S.A.’s revenue reflects its 51% share in the profits of the ADMIE S.A. Group and amounted to €24.4 million for the first quarter of 2026, marking a 23.8% increase compared to the same period in 2025.
Operating expenses amounted to €434,000 for the first quarter of 2026, compared to €275,000 for the same period in 2025.
Earnings before taxes and financial results amounted to €24 million, an increase of 23.3% compared to the first quarter of 2025, mainly due to higher revenue and operational efficiency.
Net profit increased by 23% to €24.1 million for the first quarter of 2026, compared to €19.6 million in the same period of 2025.
Earnings per share increased by 23% to €0.104 per share.
The Company’s cash and cash equivalents as of March 31, 2026, amounted to €15.6 million. It has no debt.
ADMIE Holdings S.A. owns 51% of the Independent Power Transmission Operator (ADMIE), and its purpose is to promote ADMIE’s mission as well as to optimally manage relationships with investors and partners in a transparent manner. The shares of ADMIE Holdings S.A. are listed on the Athens Stock Exchange under the ticker symbols ATHEX: ADMIE, Bloomberg: ADMIE GA, and Reuters: ADMr.AT (free float 49%).
ADMIE Group
Consolidated total revenue for the ADMIE Group in the first quarter of 2026 amounted to €133.1 million, marking an increase of 18.6% compared to €112.3 million in the first quarter of 2025, according to a related announcement.
Revenues from transmission system rentals, including revenues from the balancing market, amounted to €130 million compared to €110 million in the corresponding period of 2025, marking an increase of 18.2%.
Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 21.5% to €99.2 million compared to €81.6 million in the first quarter of 2025.
The Group’s comparable EBITDA stood at €97.4 million, up 18.4% compared to the €82.3 million recorded in the first quarter of 2025. Excluding the following non-recurring items:
• Provision for the reduced electricity rate discount granted to employees and retirees of ADMIE S.A. and provision for staff compensation totaling €120,000, compared to a provision of €124,000 for the first quarter of 2025.
• Provision for risks and expenses of €100,000, compared to a corresponding provision of €524,000 in the first quarter of 2025,
• Gains from the sale of an equity interest amounting to €1,973 thousand; no such gain was recorded in the first quarter of 2025.
Consolidated EBIT increased by 33.7% to €70.8 million, compared to €53 million in the first quarter of 2025, with depreciation and amortization decreasing by 1.1% to €28.3 million.
Consolidated comparable EBIT stood at €69.1 million, up 28.8% from €53.6 million in the first quarter of 2025, excluding the aforementioned extraordinary—non-recurring items.
Consolidated pre-tax profit for the period stood at €63.4 million, up 25.1% from €50.7 million in the first quarter of 2025, while consolidated net profit stood at €49.1 million compared to €38.6 million in the first quarter of 2025, an increase of 27%.
Comparable consolidated net profit stood at €47.7 million compared to €39.1 million in the first quarter of 2025, an increase of 21.9%.
*ADMIE’s detailed quarterly results are published in the right-hand column “Related Materials.”