Ignitis Group AB (LSE:IGN)

Q1 2026 Ignitis Grupe AB Earnings Call Transcript

May 13, 2026 / 10:00 AM GMT

Release Date Price: €21.2 (-1.85%)

Transcript

Key Points

Positve

Adjusted EBITDA increased by 2% year-over-year, reaching EUR192 million, indicating solid financial performance.
The company successfully completed its first asset rotation transaction, disposing of a 49% stake in Vilnius CHP, which was valued at a 4.6 times multiple over equity investment.
Ignitis Group AB (FRA:IGV0) paid a dividend of EUR68.3 cents per share, representing a 3% increase year-over-year, in line with their dividend policy.
The company has a robust pipeline of green projects, with 2.1 gigawatts of installed capacity and 0.6 gigawatts under construction, demonstrating commitment to sustainable energy.
Net debt decreased to EUR1.9 billion, improving the net debt-adjusted EBITDA ratio to 3.4 times, indicating strong financial management.

Negative

Adjusted net profit decreased by 20% to EUR87 million, primarily due to higher depreciation and amortization.
Green capacities segment saw a 21% decrease in EBITDA, mainly due to lower captured prices and poor wind conditions.
Free cash flow was negative at EUR74 million, as increased investments and negative changes in net working capital outweighed EBITDA growth.
Greenhouse gas emissions increased by 26% year-over-year, driven by a 40% increase in Scope 3 emissions.
A contractor employee was fatally injured during work in February 2026, highlighting safety concerns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IGN1L.VL - Ignitis Grupe AB
Q1 2026 Ignitis Grupe AB Earnings Call
May 13, 2026 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Dear participants, welcome to the presentation of Initis Group's results for the first three months of 2026 and our strategic plan for the period from 2026 to 2029.

Thank you for joining us today.

During today's call, Ignatus Group's CEO and CFO will first present the group's first quarter performance, followed by an interview of the group's four-year strategic plan. This will be followed by a question-and-answer session.

Before we begin, I would like to remind you that today's presentation contains forward-looking statements that are subject to risks and uncertainties. These statements are based on management's current beliefs, expectations, and assumptions, and actual results may differ materially from those

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