AB Amber Grid Operating Results for 9 months of 2024

Amber Grid AB

1.14 EUR -2.56%

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AB Amber Grid, legal entity code: 303090867. Address: Laisves ave. 10, LT-04215 Vilnius, Lithuania.

AB Amber Grid delivers results for 9 months of 2024 prepared according to the International Financial Reporting Standards:

• Revenue for 9 months of 2024 EUR 51.6 million (9 months of 2023 EUR 60.7 million);

• Net profit for 9 months of 2024 EUR 5.7 million (9 months of 2023 EUR 15.8 million);

• EBITDA (earnings before interest, taxes, depreciation and amortisation) for 9 months of 2024 EUR 19.0 million (9 months of 2023 EUR 18.1 million);

• Average return on equity (ROE) for the last 12 month as of 30 September 2024 1.8% (as of 30 September 2023 11.3%).

AB Amber Grid adjusted financial indicators for 9 months of 2024:

• Adjusted net profit for 9 months of 2024 EUR 7.7 million (9 months of 2023 EUR 7.6 million);

• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) for 9 months of 2024 EUR 20.9 million (9 months of 2023 EUR 19.2 million);

• Average return on equity (ROE) for the last 12 months as of 30 September 2024 5.2% (as of 30 September 2023 7.0%).

The adjustment of regulated income, costs and profitability indicators is carried out due to temporary regulatory difference from the regulated profitability approved by NERC. When calculating adjusted indicators, the correction of income is assessed due to previous periods, which is already approved by the decision of NERC in determining the regulated prices of transmission services for the reporting period. Also, the indicators are adjusted by the deviation of the NERC approved (regulated) and actual profitability of the reporting period, which NERC will evaluate when determining the transmission service prices for the coming period. Non-recurring (one-off) transactions are also eliminated.

Attached:

1. AB Amber Grid condensed iterim financial statements as of 30 September 2024;

2. Press release.

More information:
Laura Šebekiene, Head of Communications of Amber Grid,
Ph. +370 699 61 246, e-mail: l.sebekiene@ambergrid.lt

Attachments

• Amber Grid 2024 Q3 Financial Statements
• Press release_Amber Grid generated revenue in 52 million euros