Consolidated gross result amounted to RON6.7 million in January-March 2025, up 20% from the year-earlier period, while the consolidated net profit reached RON5.4 million, an advance of 14% compared to the first three months of 2024. This evolution reflects the performance of GES Furnizare SRL, confirming the strategy of diversifying business lines through the integration of electricity supply activities.
At the level of operating revenues recorded by the group entities, Simtel Team S.A. generated operating revenues of RON34.6 million in the first three months of 2025, respectively, GES Furnizare SRL: RON42.6 million, and ANT Power Energy SRL: RON1.7 million. For the other entities, which mainly represent photovoltaic parks under development, as well as Agora Robotics SRL and Custom Software Solutions SRL, no significant revenues were recorded, the report shows.
Through GES Furnizare SRL, a company in which Simtel Team S.A. holds a 62% stake, the energy supply activity is conducted with contracts already secured for both energy procurement and supply for 2025. The company estimates a doubling of delivered volumes in 2025, with the estimated figures for the first half of 2025 representing over 70% of the total deliveries recorded in 2024. Procuring energy in advance provides the company with cost stability and predictability in meeting client commitments.
In early March 2025, GES Energy Trade S.R.L., an entity from the Republic of Moldova in which Simtel holds a 42.7% stake, obtained the energy supply license from Moldova’s National Energy Regulatory Authority (ANRE), which enables GES to conclude contracts with beneficiaries, as having an energy supply license is a prerequisite for signing such contracts. In addition to opening the subsidiary in the Republic of Moldova, Simtel plans to expand its international network with a new branch abroad. This expansion will enable GES Furnizare to strengthen its presence in the European market and offer high-quality energy solutions to clients in various regions, the report reads.
Regarding the activity of providing Engineering, Procurement & Construction (EPC) solutions to clients, in 2025, Simtel continues the implementation of large-capacity photovoltaic park projects. In relation to its own projects, Simtel estimates that by the end of 2025 it will have an operational installed capacity of 78.4 MWp. Upon completion of these projects, they will generate over 100 GWh annually.
According to the report, “Simultaneously, Simtel has begun developing a portfolio of energy storage parks. By building a portfolio of energy storage parks, Simtel consolidates its position in the renewable energy sector, as these parks are an essential element in the transition to a sustainable and efficient energy system. Energy storage allows for balancing the inevitable fluctuations in energy production from renewable sources, ensuring a constant and stable supply to the grid. This contributes to increased reliability in energy supply and long-term cost optimization by enabling the use of energy during periods of exceptionally high demand. Moreover, given the growing demand for energy storage solutions, this strategic step taken by Simtel opens new development opportunities for the Group and allows for the provision of a complete portfolio of integrated services, both within the Group and to its clients.”
Simtel Team operates in the fields of renewable energy, telecommunications, and industrial automation, with an R&D component in industrial robotics and energy efficiency. For each of these business lines, Simtel delivers projects both in Romania and internationally. The main services and products offered by Simtel, depending on the business line, include: Engineering, Procurement & Construction for telecommunications and energy, operation and maintenance of photovoltaic power plants, renewable energy forecasting and trading, Virtual Power Plant (VPP), energy storage and electric vehicle charging stations, energy production, supply of electricity and natural gas, R&D, and the production of autonomous robots. Simtel is one of the key players in Romania in the construction of photovoltaic power plants.
Simtel Team has been listed on the Main Market of the Bucharest Stock Exchange since August 12, 2024. SMTL shares have gained 6% so far in 2025 and lost 20.5% over the last year, as per stock market data.