According to the document sent to shareholders, the company is now expecting RON9.96 billion revenue, 4% lower than set in the initial budget, while the net profit should be down 15% to RON3 billion. The adjustment of Hidroelectrica’s spending and revenue budget is necessary due to unfavorable development of external factors that influence the company’s financial situation, according to the document.
The external factors are the drought and the market deregulation, with the drought being the main reason for the revision, after having caused a production deficit of about 1.9 TWh (-14%) compared with the initial forecast.
At the same time, the capping of power prices expired on June 30, 2025, which led to significant changes in the supply segment. The complete deregulation of the market has attracted a greater number of consumers to the company, as well as additional purchasing obligations, in a time of high price volatility.
Total expenses are expected to be 5% higher, RON6.46 billion, especially due to electricity purchases, where costs will increase by 8.1% compared with the initial budget.
On the other hand, the company is slashing investments planned for this year by almost 49% to RON916 million.
Although the profit is expected to shrink, Hidroelectrica continues its generous dividend policy. The document says it will distribute RON2.66 billion or 90% of its net profit to shareholders.
(English version by Loredana Fratila-Cristescu)