Listed power group PGE likely posted PLN 3.34 bln EBITDA (EUR 0.79 bln) in Q2 and suffered a PLN 9.61 bln (EUR 2.26 bln) attributable net loss, the group said of its preliminary estimates in a market filing.
Analysts surveyed by PAP Biznes expected PGE to post a PLN 2.9 billion (EUR 0.68 bln) EBITDA result and a PLN 1.2 billion (EUR 0.28 bln) net profit.
The group made impairments in Coal Energy segment amounting to ca. PLN 8.7 bln and in Renewables segment amounting to PLN 0.4 bln. Additionally, reduction of deferred tax asset amounting to ca. PLN 2.5 bln was recognized in Coal Energy segment, the group said.
Recurring Q2 EBITDA likely settled at ca. PLN 3.27 bln (EUR 0.77 bln).
Capital expenditures in the second quarter of 2025 amounted to ca. PLN 3.20 bln and estimated net debt amounted to ca. PLN -0.99 bln (net cash) at end-June.
PGE will present its final consolidated financial report for the first half of 2025 on September 9.
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