Gen-I cut profits sharply last year. This year, it's almost at its annual target.

Gen-I has significantly reduced its profit this year, nearly achieving its annual target in the first half. The company reported revenue of 2.47 billion euros in 2025, marking a 22.5 percent increase compared to the previous year. Despite challenging market conditions, the company's net profit was 7.5 million euros lower than the average of past years. In the first six months of 2026, Gen-I performed notably better, with a net profit of 16.7 million euros, which represents 80 percent of the annual target. The board of directors convened on Thursday to review the company’s financial performance for the past year and the current period. They decided on the distribution of the net profit, allocating part of it to shareholders. Specifically, Gen-Energy and Gen-EL Investments each hold 50 percent of the shares, and the total amount distributed amounts to two million euros, according to a statement published on the Ljubljana Stock Exchange website. According to the company, 2025 was marked by high volatility on energy markets, influenced by geopolitical and weather-related factors, as well as accelerated growth in production from renewable energy sources. “In these demanding market conditions, Gen-I strengthened the diversification of business models and upgraded its business strategy in the rapidly growing battery storage and flexible energy resource management segments,” the annual report stated. The EBITDA for 2025 amounted to 22.7 million euros, representing a 56.6 percent decline compared to the previous year. This drop is attributed to lower margins, as noted by the company. The EBITDA margin stood at 0.92 percent, down from 2.60 percent in 2024. Operating profit reached 11.8 million euros, compared to 43.3 million euros in 2024. Net profit decreased by 79.1 percent to 7.5 million euros in 2025, which is less than the average of previous years. However, the group remains financially solid, operationally efficient, and focused on long-term growth, according to the company under the leadership of Max Helbl. The first half of 2026 proved more successful. “2025 thus serves as a strong foundation for 2026, during which the group already records above-average growth and success in the business model even in stressed market conditions. The results confirm the correctness of strategic decisions and a high level of adaptability within the group,” the company emphasized. During this period, Gen-I achieved exceptional results despite geopolitical tensions, particularly on the Middle East, and confirmed the high efficiency of the business model even in volatile market conditions. “The results confirm the ability of the group to quickly capitalize on market opportunities while effectively managing risks and maintaining stable operations,” the company stated. With a 19 percent increase in trading volume compared to the same period last year, the company recorded a business result of 71.3 million euros, exceeding the targets by 39 percent. The net profit of 16.7 million euros is close to the annual target for 2026. “This confirms effective management of market fluctuations and the efficient adaptability of the business model,” the company added. Helbl highlighted, “The results of the first half confirm that through consistent implementation of strategies and timely measures even in a changing market environment, we have further improved operational efficiency. Our key goals remain ensuring stability, predictability, and competitive prices for customers, as well as maintaining their trust. At the same time, we are focusing on further strengthening our international presence, developing advanced energy solutions, and efficiently managing the dispersed portfolio across 27 countries.” The group has additionally reinforced its international portfolio of flexible resources by including three large battery storage facilities in Bulgaria, with a combined capacity of 76 megawatt-hours. Simultaneously, it continues to strengthen the management of flexible energy resources, positioning itself among leading managers in the region, as stated by the company.