Ignitis Group has reported its financial and operational results for the first half of 2025, highlighting progress in renewable energy projects and infrastructure development across the Baltics. The company launched the Kelmė wind farm in Lithuania, which is now the largest wind farm in the Baltic region with a capacity of 314 MW.
The group’s adjusted EBITDA reached 300.8 million euros for the period, representing a 3.8% increase compared to last year. The Green Capacities segment was responsible for more than half of this figure, accounting for 55.4% of total adjusted EBITDA.
Total investments during the first six months amounted to 343.2 million euros, mainly directed toward network improvements (48.1%) and green capacities such as new solar installations, onshore wind projects, and expansion at Kruonis PSHP. Overall investment dropped by 18.7% from the same period last year as some major projects concluded or neared completion.
In terms of capacity expansion, Ignitis Group increased its secured capacity by 0.3 GW to reach a total of 3.4 GW after final investment decisions were made for battery energy storage systems in Kelmė (147 MW), Kruonis (99 MW), and Mažeikiai (45 MW). Installed capacity also grew by 0.3 GW to reach 1.8 GW following the commissioning of Kelmė wind farm.
Within its Networks segment, Ignitis Group is continuing efforts to install over 1.2 million smart meters by next year; so far, it has deployed approximately 1.18 million units.
Darius Maikštėnas, CEO of Ignitis Group said: “Our progress in expanding green capacities and securing essential energy infrastructure enables Ignitis Group to contribute to competitive electricity prices. This advancement is key to moving the Baltics toward full energy self-sufficiency and enhancing the region’s capacity for energy exports.”
In its Customers & Solutions division, Ignitis Group signed a seven-year power purchase agreement with Litgrid—Lithuania’s transmission system operator—which will see Litgrid buying up to 160 GWh per year of renewable electricity at a fixed rate beginning January 2026.
The company continues expanding electric vehicle charging infrastructure throughout the Baltics with a total of 1,380 charging points installed—a growth of nearly three hundred since late last year—and has secured up to €3.8 million through CEF funding agreements for further EV network development.
Following its dividend policy, Ignitis Group plans to distribute €0.683 per share as an interim dividend pending approval at its general meeting scheduled for September 10th.
Looking forward through the remainder of this year, Ignitis expects adjusted EBITDA between €500–540 million with projected investments ranging from €700–900 million.
