Company ENERGO - PRO reported revenue growth for the first nine months of 2025
The company ENERGO - PRO a.s., an international energy group focused on electricity generation from renewable sources, distribution, and supply of electricity, achieved consolidated revenues of EUR 1,100 million in the first nine months of 2025, representing a year-on-year increase of 6%. EBITDA operating profit amounted to EUR 279 million, 7% less year-on-year, primarily due to less favorable hydrological conditions.
Electricity generation from hydro sources reached 3,194 GWh and remained at a comparable level to last year. Weaker hydrology across most regions was partially offset by the contribution of new acquisitions in Brazil and Turkey and higher realized electricity prices, particularly in Spain and Bulgaria. In the distribution segment, the Group further increased the volume of distributed electricity in both Bulgaria and Georgia while continuing to reduce losses in distribution networks.
“ENERGO - PRO achieved satisfactory operating and financial results in the first nine months of 2025, despite less favorable hydrological conditions compared to last year. We continued our investments and strategic growth, a key milestone of which was the completion of the acquisition of the 350 MW Baixo Iguaçu hydropower plant in Brazil. Together with last year's acquisitions in Brazil and Turkey, this transaction further strengthens the stability and diversification of our revenues. The company's financial standing remains robust, and financial performance is developing in line with our expectations,” said Jakub Fajfr, CEO of ENERGO - PRO.
Key indicators for the first 9 months of 2025:
- Revenues: EUR 1,100 million (+6% year-on-year)
- EBITDA: EUR 279 million (25% margin)
- Electricity generation: 3,194 GWh (year-on-year stable), of which 510 GWh from new acquisitions in Brazil and Turkey
- Electricity distribution: 4,252 GWh in Bulgaria (+5%), 4,167 GWh in Georgia (+2%)
- Electricity sales: 5,355 GWh in Bulgaria (–2%), 3,227 GWh in Georgia (+5%)
- Investments (Capex): EUR 126 million (–8%), of which 68% in distribution, especially in Georgia
- Liquidity: EUR 380 million in cash + approx. EUR 208 million in available credit lines
Strategic Investments and Financing
- In October 2025, the acquisition of a 100% stake in the Baixo Iguaçu hydropower plant (350 MW) in Brazil was completed.
- The Group successfully realized a Eurobond issue maturing in 2030 and subsequently a Eurobond issue maturing in 2031, the proceeds of which were used to refinance existing debt and for general corporate purposes.
- Thanks to these steps, ENERGO - PRO maintains a strong liquidity position and flexibility for future development.
Note to editors:
ENERGO - PRO a.s. is a Czech energy company wholly owned by Jaromír Tesař. Since 1994, it has specialized in building, operating, and modernizing hydropower plants. ENERGO - PRO is the largest investor in hydropower in Central Europe. The company manages assets with a total value of over EUR 2.5 billion, and it owns and operates 54 hydropower plants in Bulgaria, Brazil, Georgia, Türkiye, and Spain. In Colombia, ENERGO - PRO is now building and developing projects of new hydropower plants. It The company also operates distribution networks in Bulgaria and Georgia. In total, it employs nearly 10,000 people.
