Increase in H1 2025 Revenues at ALTEO

In H1 2025, ALTEO achieved a 10% year-on-year increase in revenues, mainly due to the successful expansion of the Retail and Renewable Production Management portfolios and the significant increase in renewable energy production capacities, the energy services company says in its management report and analysis on the website of the Budapest Stock Exchange.

Despite the increase in revenue, the EBITDA was down 19% from H1 2024, mainly due to balancing-related costs increased due to weather effects, and employee incentive schemes. The level of the payment of the latter depends significantly on the share price, which has increased significantly compared to 2024 year-end.

In addition to the above, net profit was 52% lower than in H1 2024, mainly due to higher depreciation due to increased asset portfolio and lower interest received due to lower cash balance and interest rate environment.

Thanks to its diversified portfolio, well-established risk management measures, fast reaction time, profitable strategic investments, and outstanding professional staff, ALTEO continues to remain on a sound financial footing and is committed to long-term sustainable growth.