ATHEX-listed GEK TERNA group on Wednesday reported significant hikes in revenues and operating profitability for the first half of 2025, with all business segments recording improved performance.

Specifically, revenues increased by 44% y-o-y amounting to 1.957 billion euros in 1H 2025, while operating profitability (adj. EBITDA) increased by 84% y-o-y, reaching 317 million euros, with the adj. EBITDA margin at 16%, compared to 12%, because of the improved revenues mix.

The performance of the group’s concessions segment showed revenues and operating profitability rising to higher levels (an increase of 100% and 114%, respectively, y-o-y) and accounting for 53% of the group’s total operating profitability.

At the same time, the Construction segment posted an increase in revenues by 41% y-o-y and an increase in operating profitability of 49% y-o-y. Finally, in the power generation and supply segment, operating profitability remained at satisfactory levels and the market share was preserved, despite continued competitive pressures and market volatility, the group said in a press announcement.

GEK Terna pointed to a further strengthening of the operating profitability over time with the operation of new concession projects, such as Egnatia Odos, the Kastelli Airport, water and waste management projects, etc.

Profits before taxes for 1H 2025 amounted to 87 million euros, compared to 57 million euros during the corresponding period of 2024, because of increased operating results. Net profits attributable to shareholders excluding non-operating results amounted to 68 million euros, posting an increase of 24% compared to H1 2024.