EPSO-G Group's EBITDA Increased by 5% Year-on-Year, Reaching €76.7 Million
EPSO-G Group reported a 5% year-on-year increase in EBITDA to €76.7 million, alongside significant infrastructure investments in the previous year.
EPSO-G Group has announced that its EBITDA increased by 5% over the past year, reaching €76.7 million. The company reported infrastructure investments of €211.1 million in 2023, which represents an 11% decrease compared to 2024. Among these investments, the subsidiaries Litgrid and Amber Grid made significant contributions, investing nearly €188 million and €22 million, respectively, in various projects focuses on energy infrastructure.
Additionally, EPSO-G Invest, a subsidiary of the group, invested €73.1 million into the defense industry by acquiring shares in Rheinmetall Defence Lithuania. This investment was made using capital contributions from EPSO-G and the State Investment Capital. The return on equity (ROE) for the group was adjusted to 10.6% for the last twelve months, slightly lower than the previous year by almost 2%. This reflects the group’s commitment to both energy and defense sectors, which have strategic implications for Lithuania's security and energy independence.
Among the key projects undertaken by the EPSO-G Group last year was the synchronization of the Baltic states' electricity systems with continental European networks, achieved in the summer. There were also significant transactions, including the completion of a sale by Amber Grid to EEX’s GET Baltic in October, and the commencement of operations for a 155 mm artillery ammunition factory in Baisogala in November. These developments signify the group's active role in enhancing energy and defense capabilities in the region, which is particularly crucial in the current geopolitical landscape.