PPC Group delivered a strong start to 2026, posting adjusted EBITDA of €0.7 billion in the first quarter, adjusted net income after minorities of €0.2 billion, while investment spending reached €0.5 billion, with 82% allocated to renewable energy sources, flexible generation and distribution upgrades.
At the end of Q1, PPC’s installed renewable capacity stood at 7.2 GW, equal to 59% of total installed capacity. The group expects further growth, with 6.7 GW of projects already under construction, ready to build or in tender stage.
Renewable generation surged 141% year on year to 3.6 TWh, helped by stronger hydro output, better wind conditions and new solar additions. As a result, renewables accounted for 56% of PPC’s total energy mix, while CO2 intensity from power generation dropped to 0.35 tons per MWh from 0.55 tons a year earlier.
Networks and retail stay steady
In retail, electricity demand in Greece was broadly flat, while Romania saw a 1.2% increase, mainly due to colder weather. PPC’s average retail market share held at 50% in Greece, while in Romania it slipped to 15% from 16% in Q1 2025.
Distribution remained a major investment area, with €0.2 billion spent in the quarter on network modernisation and digitalisation. Smart meter penetration continued to rise, reaching 19% in Greece and 62% in Romania.
Digital and mobility expansion
PPC’s telecom and mobility businesses also grew rapidly. Its Fibergrid network in Greece now covers 1.8 million households and businesses, up 86% year on year, with more than 1 million ready for immediate connection. The company is targeting 2.7 million premises by the end of 2026.
In e-mobility, PPC strengthened its position as Greece’s largest public charging operator while expanding in Romania. The combined network reached 4,359 charging points at the end of Q1, up 33% from a year earlier.
