PPC Group has commenced 2026 with a notable increase in financial performance, reflecting its ongoing commitment to expanding its renewable energy portfolio and enhancing power generation flexibility. The company reported an adjusted EBITDA of approximately €700 million for the first quarter, marking a significant rise from around €500 million during the same period in 2025. Additionally, adjusted net profit attributable to minority interests surged to nearly €200 million, doubling from €100 million year-on-year.
The robust financial results were largely driven by projects developed in recent years and favorable weather conditions that positively impacted hydropower and wind generation outputs. This combination of increased renewable energy production and improved operational efficiency has substantially bolstered PPC’s earnings profile.
Investment activities have remained vigorous, with PPC allocating about €500 million in the first three months of the year. A substantial 82% of this capital expenditure was directed towards renewable energy initiatives, flexible generation assets, and the modernization of electricity distribution networks. This strategic focus aligns with the group’s long-term transformation plan aimed at enhancing its operational capabilities.
As of March 2026, PPC’s installed renewable energy capacity reached 7.2 GW, which constitutes nearly 60% of the company’s total generation capacity. The firm is also actively expanding its development pipeline, currently comprising approximately 6.7 GW of renewable projects at various stages, including construction and tender processes.
Despite the high level of investment spending, PPC has effectively maintained its financial metrics within targeted limits. The company’s net debt was approximately €6.9 billion at the end of the quarter, while its leverage ratio stood at 3.0x, well below its internal threshold of 3.5x.
PPC has reaffirmed its financial guidance for the full year 2026, targeting an adjusted EBITDA of €2.4 billion and around €700 million in adjusted net income after minority interests. Furthermore, the company plans to distribute a dividend of €0.8 per share.
CEO Georgios Stassis highlighted that PPC has entered 2026 with strong operational momentum, underscoring the stability of its integrated business model and ongoing transition towards cleaner and more flexible energy production. He emphasized PPC’s commitment to disciplined investments in renewable energy and infrastructure as it aims to strengthen its role in the energy transition across Central and Southeastern Europe.
