Operating revenue reached RON721 million, up 22.8%. The increase was mainly influenced by the positive evolution of revenues from the allocation of interconnection capacity, revenues from regulated tariffs (+11%) and cyclical revenues from emergency aid, in the context of a decrease of RON 2.2 million in revenues from OTC transactions.
“Revenues from transmission and other revenues from the energy market increased by RON 131 million, respectively from RON 576 million in Q1 2025 to RON 707 million in Q1 2026, mainly influenced by the increase from January 1, 2026 of the tariff for the transmission service approved by ANRE, which led to an appreciation of revenues from the regulated tariff by RON 55 million. lei (+11%) compared to the same period of the previous year, given a quantity of energy transported similar to the previous period,” reads the report.
The increase between January and March 2026, of revenues from the allocation of interconnection capacity (+69 million lei), which reached 138 million lei (from 69 million lei in the same period of 2025), was influenced by the model of price formation according to supply and demand. Default allocations, in which capacity and energy are provided simultaneously, are strongly influenced by variations in the price of electricity on European stock exchanges.
The 16% increase in operating expenses, including depreciation (RON 529 million in Q1 2026 compared to RON 458 million in Q1 2025) was mainly influenced by the increase in system operating expenses and other related costs.
The company’s shares have climbed by 86% in the past 12 months.
(English version by Catalina Apostoiu)