The PPC Group presents the new objectives, updated and increased, from the Strategic Plan for the period 2025-2027, with the aim of becoming a modern, digitalized and financially and ecologically sustainable utility company, with a leading role in Southern Europe East. The revised strategic plan includes investments of €10.1 billion over the next three years, mainly focused on renewable energy (RES) projects, grid development, flexible generation and new solutions for its customers in Greece and South-East Europe. These initiatives, together with PPC’s goal to completely phase out coal-fired power plants by 2026, will help increase the Group’s operating profit before interest, taxes, depreciation and amortization (EBITDA) to 2.7 billion euros in 2027.

“PPC Group’s Strategic Plan for 2025-2027 places a clear focus on growth. We are investing over €10 billion to drive the energy transition in South-East Europe. We are making significant investments in green energy and flexible generation, as well as upgrading our networks. We also focus on developing modern energy solutions and value-added services for our customers. We invest in new services and products, focusing on high-return projects and moving away from inefficient lignite-based production, to create value for all stakeholders – customers, shareholders, employees – in a socially responsible way. social and environmental view. Our solid financial growth will lead us to an EBITDA level of more than 2.7 billion euros in 2027 and more than 3 billion euros in 2030. The PPC Group is accelerating its expansion, capitalizing on the opportunities offered by the green transition. Through a clear vision and strategy, we are becoming the energy leader of the extended South East Europe region,” said Georgios Stassis, President and CEO of PPC.

Building on the solid foundation laid in recent years, the PPC Group continues its transformation into a green and customer-oriented regional leader, setting ambitious goals for the next three years:

• Development of 6.3 GW in renewable energy (RES) projects in Greece and South East Europe by 2027, targeting a total installed capacity of 11.8 GW in 2027. Almost 60% of RES capacity coming to be installed is under construction, ready for construction or in tender stage.
• Development of 1.8 GW of flexible power generation, including pumped storage hydro, batteries, natural gas units and large hydro, solutions that respond to RES variability and bring increased value.
• Phase out coal by 2026 and significantly reduce oil-based production, thanks to the interconnection of islands, with the aim of reducing greenhouse gas emissions by 80% between 2019 and 2027.
• Introduction of new value-added services for customers, including synergies with Kotsovolos, complementary solutions for residential photovoltaic panels, electrical certificates and management services.
• Extending the integrated model in Romania, through the significant development of renewable energy (RES), to meet the energy requirements of the continuously expanding customer portfolio of PPC Romania.
• Growing networks in Greece and Romania, with a forecast of 7.7% annual growth in the regulated asset base (CAGR) over the next three years, reaching €6 billion by 2027.
• Continued reduction of greenhouse gas emissions, to reach net zero emissions by 2040. The short- and long-term objectives of the PPC, recently validated by the Science Based Targets initiative (SBTi), envisage a reduction of 73.7 % by 2030 and 98.6% by 2040 of Type 1 and Type 2 CO2 emissions per MWh generated compared to the reference year 2021.

PPC Group’s financial objectives for the period 2025-2027 emphasize robust growth and the creation of significant added value:

• EBITDA will reach 2.7 billion euros in 2027 compared to 1.8 billion euros in 2024, a compound annual growth of 14% (CAGR), thanks to RES, integrated model, decarbonization and flexible generation.
• Growth-oriented investments worth €10.1 billion, given that 94% of investments will be directed towards development, mainly for RES, grids and flexible generation.
• Despite higher investments, the Group’s Net Debt/EBITDA ratio will remain well below the self-imposed ceiling of 3.5x, as the Group will finance approximately 70% of investments through increased cash flow (FFO).
• 41% annualized dividend growth (CAGR), the highest in the utilities sector in Europe, targeting €1 per share in 2027, up from €0.25 per share for the 2023 financial year.