EPSO-G Reports Stable Profits Amid Declining EBITDA and Rising Defence Investments — UAB „EPSO-G“

Event summary

EPSO-G's adjusted net profit remained stable at EUR 42 million in 2025, while EBITDA increased by 5% to EUR 76.7 million.
The group invested EUR 211.1 million in infrastructure, a 11% decrease from 2024, with EUR 73.1 million allocated to defence sector via Rheinmetall Defence Lietuva.
Baltic electricity systems were synchronized with continental European networks on 9 February 2026, completing most infrastructure projects under the Synchronisation Programme.
Scope 1 and 2 greenhouse gas emissions fell by 14% compared to 2019, with the group committing to a 30% reduction by 2026.
Women accounted for 19% of top-level management positions in 2025, up from 14% in 2024.

The big picture

EPSO-G's stable financial performance in 2025 highlights its strategic pivot towards defence investments, driven by geopolitical uncertainties. The synchronization of Baltic electricity systems with continental Europe marks a significant milestone in regional energy integration. However, declining EBITDA and rising net debt pose challenges to the group's long-term financial health, particularly as it navigates regulatory complexities and sustainability targets.

What we're watching

Defence Diversification: Whether EPSO-G can sustain its defence sector investments amid fluctuating geopolitical risks and regulatory scrutiny.
Regulatory Compliance: The pace at which EPSO-G adapts to temporary regulatory deviations and their impact on adjusted financial indicators.
Operational Efficiency: How the group's reduced infrastructure investments will affect long-term reliability and resilience of energy systems.