{"success":true,"data":{"pressRelease":{"id":"116221","rtpr_id":"nGNE8jyt97","ticker":"IGN1L","exchange":"","all_tickers":["IGN1L"],"title":"REG-First six months 2026 interim report: sustained strategic progress and consistent financial performance. Full-year 2026 guidance for Adjusted EBITDA and Investments reiterated","author":"Globe Newswire","published_at":"2026-08-12T06:00:00.127Z","article_body":"AB “Ignitis grupė” publishes its First six months 2026 interim report,\nwhich is attached to this notice.\n\nFinancial performance\n\nOur Adjusted EBITDA for the first six months of 2026 amounted to EUR 306.6\nmillion (+1.9% YoY). The growth was driven by the stronger performance of the\nNetworks and Customers & Solutions business segments.\n        \nIn 6M 2026, our Investments amounted to EUR 306.1 million (-10.8% YoY).\nNetworks accounted for 68.0% of the total Investments, and Green Capacities\nfor 26.3%. The increase in Investments in the Networks segment, primarily\nrelated to maintenance and expansion of the electricity distribution network,\nwas outweighed by lower Investments in the Green Capacities segment, as\nseveral projects reached COD in 2025. \n        \nAs of 30 June 2026, our Net Debt amounted to EUR 1,925.3 million, remaining\nlargely unchanged, as proceeds from the sale of a 49% stake in Vilnius CHP\ncovered the dividends paid. Supported by an increase in FFO LTM, our FFO\nLTM/Net Debt ratio improved to 22.2% (compared to 21.0% as of 31 December\n2025). Also, after reporting period, S&P Global Ratings reaffirmed our\n‘BBB+’ (stable outlook) credit rating.\n\nBusiness development \n\nGreen Capacities: \n- Installed Capacity stands at 2.1 GW, with additional 0.6 GW Under\nConstruction;\n- debut asset rotation transaction completed;\n- Final Investment Decision made for the Tume BESS (107 MW / 215 MWh) project\nin Latvia after the reporting period.\n\nCustomers & Solutions: \n- 1,907 (+108 since 31 December 2025) EV charging points installed.\n\nSustainability\n\nSafeguarding the health and safety of our employees and contractors is among\nthe Group’s highest priorities. However, during the reporting period, we had\none fatal contractor incident. We are committed to take every possible measure\nto prevent such tragedies in the future. Our employee TRIR amounted to 0.48\n(-0.24 YoY), and contractor TRIR to 1.11 (+0.68 YoY).\n\nOur carbon intensity (Scope 1 & 2) amounted to 187 g CO(2)-eq/kWh (-20.8%\nYoY). The decrease was driven by lower electricity generation from natural gas\nat Elektrėnai Complex.\n\nShareholder returns and 2026 outlook \n\nIn line with our Dividend Policy, for 6M 2026 we intend to distribute a\ndividend of EUR 0.704 per share (+3.1% YoY), corresponding to EUR 51.0\nmillion, which is subject to the decision of our General Meeting to be held on\n9 September 2026.\n\nWe reiterate our full-year 2026 Adjusted EBITDA guidance of EUR 550–600\nmillion, and Investments guidance of EUR 590–690 million.\n\nKey financial indicators (APM(1))\n\n EUR, millions                          6M 2026         6M 2025      Change    \n Adjusted EBITDA                        306.6           300.8        1.9%      \n Green Capacities                       149.2           166.6        (10.4%)   \n Networks                               147.3           132.6        11.1%     \n Reserve Capacities                     17.9            29.1         (38.5%)   \n Customers & Solutions                  0.2             (27.7)       n/a       \n Other activities and eliminations (2)  (8.0)           0.2          n/a       \n Adjusted EBITDA Margin                 20.4%           22.5%        (2.1 pp)  \n EBITDA                                 303.5           262.5        15.6%     \n Adjusted EBIT                          175.6           198.6        (11.6%)   \n Operating profit (EBIT)                172.5           160.3        7.6%      \n Adjusted Net Profit                    115.8           146.2        (20.8%)   \n Net profit                             113.2           111.4        1.6%      \n Investments                            306.1           343.2        (10.8%)   \n Networks                               208.3           165.2        26.1%     \n Green Capacities                       80.4            156.4        (48.6%)   \n Customers & Solutions                  8.0             10.1         (20.8%)   \n Reserve Capacities                     2.8             1.0          180.0%    \n Other activities and eliminations (2)  6.6             10.5         (37.1%)   \n FFO                                    251.4           225.9        11.3%     \n FCF                                    5.3             64.0         (91.7%)   \n Adjusted ROE LTM                       7.6%            10.7%        (3.1 pp)  \n ROE LTM                                6.5%            9.0%         (2.5 pp)  \n Adjusted ROCE LTM                      6.7%            8.6%         (1.9 pp)  \n ROCE LTM                               6.1%            7.7%         (1.6 pp)  \n EPS                                    1.57            1.54         1.9%      \n DPS (3)                                        0.704   0.683        3.1%      \n                                        30 Jun 2026     31 Dec 2025  Change    \n Net Debt                               1,925.3         1,912.0      0.7%      \n Net Working Capital                    22.0            43.6         (21.6)    \n Net Debt/Adjusted EBITDA LTM, times    3.49            3.50         (0.3%)    \n FFO LTM/Net Debt                       22.2%           21.0%        1.2 pp    \n\n(1)(.)( All, except ‘Net profit’, are Alternative Performance Measures\n(APMs). Definitions and formulas of the financial indicators are available on\nour )(website)\n(https://www.globenewswire.com/Tracker?data=Rb8457zKJdLxjnvIISywYen3kR08oqT0DHtJ8QCQmGXXlT4fXzxKV05gohfM9aYHGbyo_HeTM4K9O06KHrK_xRjS4l3EmOIQZuIKZWsS8sbSbFESsNYBZkMiWFQqPmhYK-_nX1EFQOzEeHQhutRdbw==)(. )\n(2)(.)( ‘Other activities and eliminations’ includes consolidation\nadjustments, related-party transactions and financial results of the parent\ncompany. )\n(3.) (For 6M 2026 we intend to distribute a dividend of EUR 0.704 per share\n(+3.1% YoY), corresponding to EUR 51.0 million, which is subject to the\ndecision of our General Meeting to be held on 9 September 202)(6)(.)\n\nEarnings call \n\nIn relation to the publication of the 6M 2026 results, an earnings call for\ninvestors and analysts will be held on Wednesday, 12 August 2026, at 1:00 pm\nVilnius / 11:00 am London time.  \n\nTo join the earnings call online, please register at:\nhttps://edge.media-server.com/mmc/go/Ignitis6M2026results\n\nIt will be also possible to join the earnings call by phone. To access the\ndial-in details, please register here\n(https://www.globenewswire.com/Tracker?data=-wm-MwaZXBzSAw4CT6ax8kp580JHbomlhnjI4AtKe7aodgnqz4nhSZUX4tnn0-crGXqmwZ8wsm3eiaGwLv7ypQm46bKDFAwbuIA8BK02riNWzMaU_mLA2Fnig3ZvRCnB_Kq8VDBMuGfWcTLPLm3lr31aPzNK2UneCsPLgwuGmVk=).\nAfter completing the registration, you will receive dial-in details on screen\nand via email. You will be able to dial in using the provided numbers and the\nunique pin or by selecting ‘Call me’ option and providing your phone\ndetails for the system to connect you automatically as the earnings call\nstarts.\n\nAll questions of interest can be directed to the Group’s Investor Relations\nteam in advance, after registering, or live during the earnings call.\n\nPresentation slides will be available for download prior the call at:\nhttps://ignitisgrupe.lt/en/reports-presentations-and-fact-sheets\n\nThe First six months 2026 interim report, Fact Sheet (in Excel) and other\npublished documents will be available for download at:\nhttps://ignitisgrupe.lt/en/reports-presentations-and-fact-sheets\n\nCommunications\nValdas Lopeta\n+370 621 77993\nvaldas.lopeta@ignitis.lt\n\nInvestor Relations\nAinė Riffel-Grinkevičienė\n+370 643 14925\naine.riffel-grinkeviciene@ignitis.lt\n\nAttachment\n*     First six months 2026 interim report\n(https://ml-eu.globenewswire.com/Resource/Download/1ee2ebd1-8d1b-476b-909a-6e231e8536d2)","article_body_html":"","raw_payload":{"data":{"id":"nGNE8jyt97","title":"REG-First six months 2026 interim report: sustained strategic progress and consistent financial performance. Full-year 2026 guidance for Adjusted EBITDA and Investments reiterated","author":"Globe Newswire","ticker":"IGN1L","created":"2026-08-12T06:00:00.127Z","tickers":["IGN1L"],"exchange":"","article_body":"AB “Ignitis grupė” publishes its First six months 2026 interim report,\nwhich is attached to this notice.\n\nFinancial performance\n\nOur Adjusted EBITDA for the first six months of 2026 amounted to EUR 306.6\nmillion (+1.9% YoY). The growth was driven by the stronger performance of the\nNetworks and Customers & Solutions business segments.\n        \nIn 6M 2026, our Investments amounted to EUR 306.1 million (-10.8% YoY).\nNetworks accounted for 68.0% of the total Investments, and Green Capacities\nfor 26.3%. The increase in Investments in the Networks segment, primarily\nrelated to maintenance and expansion of the electricity distribution network,\nwas outweighed by lower Investments in the Green Capacities segment, as\nseveral projects reached COD in 2025. \n        \nAs of 30 June 2026, our Net Debt amounted to EUR 1,925.3 million, remaining\nlargely unchanged, as proceeds from the sale of a 49% stake in Vilnius CHP\ncovered the dividends paid. Supported by an increase in FFO LTM, our FFO\nLTM/Net Debt ratio improved to 22.2% (compared to 21.0% as of 31 December\n2025). Also, after reporting period, S&P Global Ratings reaffirmed our\n‘BBB+’ (stable outlook) credit rating.\n\nBusiness development \n\nGreen Capacities: \n- Installed Capacity stands at 2.1 GW, with additional 0.6 GW Under\nConstruction;\n- debut asset rotation transaction completed;\n- Final Investment Decision made for the Tume BESS (107 MW / 215 MWh) project\nin Latvia after the reporting period.\n\nCustomers & Solutions: \n- 1,907 (+108 since 31 December 2025) EV charging points installed.\n\nSustainability\n\nSafeguarding the health and safety of our employees and contractors is among\nthe Group’s highest priorities. However, during the reporting period, we had\none fatal contractor incident. We are committed to take every possible measure\nto prevent such tragedies in the future. Our employee TRIR amounted to 0.48\n(-0.24 YoY), and contractor TRIR to 1.11 (+0.68 YoY).\n\nOur carbon intensity (Scope 1 & 2) amounted to 187 g CO(2)-eq/kWh (-20.8%\nYoY). The decrease was driven by lower electricity generation from natural gas\nat Elektrėnai Complex.\n\nShareholder returns and 2026 outlook \n\nIn line with our Dividend Policy, for 6M 2026 we intend to distribute a\ndividend of EUR 0.704 per share (+3.1% YoY), corresponding to EUR 51.0\nmillion, which is subject to the decision of our General Meeting to be held on\n9 September 2026.\n\nWe reiterate our full-year 2026 Adjusted EBITDA guidance of EUR 550–600\nmillion, and Investments guidance of EUR 590–690 million.\n\nKey financial indicators (APM(1))\n\n EUR, millions                          6M 2026         6M 2025      Change    \n Adjusted EBITDA                        306.6           300.8        1.9%      \n Green Capacities                       149.2           166.6        (10.4%)   \n Networks                               147.3           132.6        11.1%     \n Reserve Capacities                     17.9            29.1         (38.5%)   \n Customers & Solutions                  0.2             (27.7)       n/a       \n Other activities and eliminations (2)  (8.0)           0.2          n/a       \n Adjusted EBITDA Margin                 20.4%           22.5%        (2.1 pp)  \n EBITDA                                 303.5           262.5        15.6%     \n Adjusted EBIT                          175.6           198.6        (11.6%)   \n Operating profit (EBIT)                172.5           160.3        7.6%      \n Adjusted Net Profit                    115.8           146.2        (20.8%)   \n Net profit                             113.2           111.4        1.6%      \n Investments                            306.1           343.2        (10.8%)   \n Networks                               208.3           165.2        26.1%     \n Green Capacities                       80.4            156.4        (48.6%)   \n Customers & Solutions                  8.0             10.1         (20.8%)   \n Reserve Capacities                     2.8             1.0          180.0%    \n Other activities and eliminations (2)  6.6             10.5         (37.1%)   \n FFO                                    251.4           225.9        11.3%     \n FCF                                    5.3             64.0         (91.7%)   \n Adjusted ROE LTM                       7.6%            10.7%        (3.1 pp)  \n ROE LTM                                6.5%            9.0%         (2.5 pp)  \n Adjusted ROCE LTM                      6.7%            8.6%         (1.9 pp)  \n ROCE LTM                               6.1%            7.7%         (1.6 pp)  \n EPS                                    1.57            1.54         1.9%      \n DPS (3)                                        0.704   0.683        3.1%      \n                                        30 Jun 2026     31 Dec 2025  Change    \n Net Debt                               1,925.3         1,912.0      0.7%      \n Net Working Capital                    22.0            43.6         (21.6)    \n Net Debt/Adjusted EBITDA LTM, times    3.49            3.50         (0.3%)    \n FFO LTM/Net Debt                       22.2%           21.0%        1.2 pp    \n\n(1)(.)( All, except ‘Net profit’, are Alternative Performance Measures\n(APMs). Definitions and formulas of the financial indicators are available on\nour )(website)\n(https://www.globenewswire.com/Tracker?data=Rb8457zKJdLxjnvIISywYen3kR08oqT0DHtJ8QCQmGXXlT4fXzxKV05gohfM9aYHGbyo_HeTM4K9O06KHrK_xRjS4l3EmOIQZuIKZWsS8sbSbFESsNYBZkMiWFQqPmhYK-_nX1EFQOzEeHQhutRdbw==)(. )\n(2)(.)( ‘Other activities and eliminations’ includes consolidation\nadjustments, related-party transactions and financial results of the parent\ncompany. )\n(3.) (For 6M 2026 we intend to distribute a dividend of EUR 0.704 per share\n(+3.1% YoY), corresponding to EUR 51.0 million, which is subject to the\ndecision of our General Meeting to be held on 9 September 202)(6)(.)\n\nEarnings call \n\nIn relation to the publication of the 6M 2026 results, an earnings call for\ninvestors and analysts will be held on Wednesday, 12 August 2026, at 1:00 pm\nVilnius / 11:00 am London time.  \n\nTo join the earnings call online, please register at:\nhttps://edge.media-server.com/mmc/go/Ignitis6M2026results\n\nIt will be also possible to join the earnings call by phone. To access the\ndial-in details, please register here\n(https://www.globenewswire.com/Tracker?data=-wm-MwaZXBzSAw4CT6ax8kp580JHbomlhnjI4AtKe7aodgnqz4nhSZUX4tnn0-crGXqmwZ8wsm3eiaGwLv7ypQm46bKDFAwbuIA8BK02riNWzMaU_mLA2Fnig3ZvRCnB_Kq8VDBMuGfWcTLPLm3lr31aPzNK2UneCsPLgwuGmVk=).\nAfter completing the registration, you will receive dial-in details on screen\nand via email. You will be able to dial in using the provided numbers and the\nunique pin or by selecting ‘Call me’ option and providing your phone\ndetails for the system to connect you automatically as the earnings call\nstarts.\n\nAll questions of interest can be directed to the Group’s Investor Relations\nteam in advance, after registering, or live during the earnings call.\n\nPresentation slides will be available for download prior the call at:\nhttps://ignitisgrupe.lt/en/reports-presentations-and-fact-sheets\n\nThe First six months 2026 interim report, Fact Sheet (in Excel) and other\npublished documents will be available for download at:\nhttps://ignitisgrupe.lt/en/reports-presentations-and-fact-sheets\n\nCommunications\nValdas Lopeta\n+370 621 77993\nvaldas.lopeta@ignitis.lt\n\nInvestor Relations\nAinė Riffel-Grinkevičienė\n+370 643 14925\naine.riffel-grinkeviciene@ignitis.lt\n\nAttachment\n*     First six months 2026 interim report\n(https://ml-eu.globenewswire.com/Resource/Download/1ee2ebd1-8d1b-476b-909a-6e231e8536d2)"},"type":"article","timestamp":"2026-08-12T06:00:00.256520725Z","server_sent_at_ms":1786514400256},"received_at":"2026-08-12T06:00:00.357Z","source_url":null},"analysis":{"id":"105211","press_release_id":"116221","analysis_json":{"industry":{"label":"Electric Utilities","sector":"Utilities"},"redFlags":["One fatal contractor incident reported during the period","Contractor TRIR increased to 1.11 (+0.68 YoY)"],"eventType":"earnings","narrative":"AB “Ignitis grupė” reported Adjusted EBITDA of EUR 306.6 million for the first half of 2026, up 1.9% year-over-year, driven by stronger performance in Networks and Customers & Solutions segments.\n\nThe company reiterated its full-year 2026 guidance for Adjusted EBITDA (EUR 550–600 million) and Investments (EUR 590–690 million) and announced an intended dividend of EUR 0.704 per share, a 3.1% increase.\n\nS&P Global Ratings reaffirmed the company’s 'BBB+' credit rating with a stable outlook, while net debt remained largely unchanged at EUR 1.9 billion.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Solid 6M performance and guidance reaffirmation supported by dividend hike and stable credit rating."},"keyFigures":{"eps":"1.57","guidance":"Full-year 2026 Adjusted EBITDA guidance of EUR 550–600 million, and Investments guidance of EUR 590–690 million reiterated.","customDimensions":{"investments":306100000,"adjusted_ebitda":306600000,"investments_yoy":"-10.8%","dividend_per_share":0.704,"dividend_total_eur":51000000,"ev_charging_points":1907,"adjusted_ebitda_yoy":"1.9%","installed_capacity_gw":2.1,"ffo_ltm_net_debt_ratio":"22.2%"}},"quotedText":"We reiterate our full-year 2026 Adjusted EBITDA guidance of EUR 550–600 million, and Investments guidance of EUR 590–690 million.","namedEntities":{"people":[{"name":"Valdas Lopeta","role":"Communications"},{"name":"Ainė Riffel-Grinkevičienė","role":"Investor Relations"}],"products":["Vilnius CHP","Tume BESS"],"companies":[{"name":"AB “Ignitis grupė”","ticker":"IGN1L"},{"name":"S&P Global Ratings","relationship":"credit rating agency"}],"dollarAmounts":[{"amount":"EUR 306.6 million","context":"Adjusted EBITDA 6M 2026"},{"amount":"EUR 306.1 million","context":"Investments 6M 2026"},{"amount":"EUR 1,925.3 million","context":"Net Debt as of 30 June 2026"},{"amount":"EUR 0.704 per share","context":"intended dividend 6M 2026"},{"amount":"EUR 51.0 million","context":"intended total dividend 6M 2026"},{"amount":"EUR 550–600 million","context":"full-year 2026 Adjusted EBITDA guidance"},{"amount":"EUR 590–690 million","context":"full-year 2026 Investments guidance"}]},"materialImpact":{"score":3,"reasoning":"Company reaffirmed full-year Adjusted EBITDA and Investments guidance after reporting 6M results showing Adjusted EBITDA growth of 1.9% YoY and a dividend increase. The event is a routine interim report rather than a major surprise."},"tickerRelevance":{"others":[],"primary":"IGN1L"},"globalImportance":20,"audienceRelevance":15,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"routine_interim_report","sectorWeight":"utilities"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"AB “Ignitis grupė” reported Adjusted EBITDA of EUR 306.6 million for the first half of 2026, up 1.9% year-over-year, driven by stronger performance in Networks and Customers & Solutions segments.\n\nThe company reiterated its full-year 2026 guidance for Adjusted EBITDA (EUR 550–600 million) and Investments (EUR 590–690 million) and announced an intended dividend of EUR 0.704 per share, a 3.1% increase.\n\nS&P Global Ratings reaffirmed the company’s 'BBB+' credit rating with a stable outlook, while net debt remained largely unchanged at EUR 1.9 billion.","key_figures":{"eps":"1.57","guidance":"Full-year 2026 Adjusted EBITDA guidance of EUR 550–600 million, and Investments guidance of EUR 590–690 million reiterated.","customDimensions":{"investments":306100000,"adjusted_ebitda":306600000,"investments_yoy":"-10.8%","dividend_per_share":0.704,"dividend_total_eur":51000000,"ev_charging_points":1907,"adjusted_ebitda_yoy":"1.9%","installed_capacity_gw":2.1,"ffo_ltm_net_debt_ratio":"22.2%"}},"named_entities":{"people":[{"name":"Valdas Lopeta","role":"Communications"},{"name":"Ainė Riffel-Grinkevičienė","role":"Investor Relations"}],"products":["Vilnius CHP","Tume BESS"],"companies":[{"name":"AB “Ignitis grupė”","ticker":"IGN1L"},{"name":"S&P Global Ratings","relationship":"credit rating agency"}],"dollarAmounts":[{"amount":"EUR 306.6 million","context":"Adjusted EBITDA 6M 2026"},{"amount":"EUR 306.1 million","context":"Investments 6M 2026"},{"amount":"EUR 1,925.3 million","context":"Net Debt as of 30 June 2026"},{"amount":"EUR 0.704 per share","context":"intended dividend 6M 2026"},{"amount":"EUR 51.0 million","context":"intended total dividend 6M 2026"},{"amount":"EUR 550–600 million","context":"full-year 2026 Adjusted EBITDA guidance"},{"amount":"EUR 590–690 million","context":"full-year 2026 Investments guidance"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-12T06:04:28.474Z","global_importance":20,"audience_relevance":15,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"routine_interim_report","sectorWeight":"utilities"}},"durationMs":268112,"modelName":"glm-4.7"}}