The implementation of the new regulatory framework and the significant boost to future revenues were the focus of the speech given by EYDAP CEO Haris Sahinis at the company’s Annual General Meeting of Shareholders.
The head of EYDAP described 2025 as a “landmark year,” emphasizing that the most significant development was the implementation, effective at the start of this year, of the new regulatory framework for the 2025–2029 period, which establishes, for the first time, a stable and predictable revenue environment for the company.
As he noted, the new framework ensures full recovery of operating costs, depreciation, and a reasonable return on invested capital, providing clear visibility into financial metrics and stronger cash flows in the coming years.
According to Mr. Sahinis, EYDAP’s allowed revenue is expected to increase by an average of approximately 78 million euros annually through 2029, a development that creates new prospects for profitability and the financing of the company’s extensive investment program.
At the same time, management is continuing its efforts to recognize under-recovered amounts from previous fiscal years, totaling approximately 323 million euros, which were not included in the RAEY decision. A positive outcome of this process could serve as an additional source of revenue for the company in the coming years.
The Dividend
The CEO also emphasized the importance of the opportunity the new framework now offers for long-term financial planning. “Starting January 1, 2026, with the implementation of the new regulatory framework, we know exactly what the company’s revenue will be for the next four years. We also know with a fair degree of accuracy what its costs and depreciation will be,” he noted.
Based on this new predictability, management has begun, in collaboration with an external consultant, to prepare a study for the formulation of a dividend policy for the coming years. As Mr. Sahinis noted, the stability, transparency, and predictability offered by the new regulatory framework will allow EYDAP to announce, at the appropriate time, a specific dividend policy for its shareholders.
Finally, the company has accelerated its investments, with the investment program reaching 77.5 million euros by 2025—an increase of nearly 28% compared to the previous year. Currently, 181 projects with a total budget of over 2.5 billion euros are underway for the next decade—the largest investment program in EYDAP’s history.