Ignitis Group raised its minimum 2026 adjusted EBITDA target to €575 million after nine-month growth, while linking a planned 10% dividend increase to a gain from selling part of Vilnius CHP.
Adjusted EBITDA totaled €430.4 million in the nine months ended Sept. 30, up from €405.1 million in the same period of 2025. The revised full-year range is €575 million to €600 million, compared with a previous floor of €550 million. The company left its investment guidance at €590 million to €690 million and classifies adjusted EBITDA as an alternative performance measure.
Other earnings measures moved in different directions. Net profit increased 21.5% to €160.8 million, while adjusted net profit declined 18.1% to €145.5 million. Ignitis said Networks and Customers & Solutions drove the rise in adjusted EBITDA.
Investment fell 18.4% to €432.4 million. Networks received €283 million and Green Capacities €123.8 million. The group attributed the overall reduction mainly to lower Green Capacities investment after several projects entered commercial operation in 2025; increased spending on electricity distribution network maintenance lifted investment in Networks.
After the reporting period, Ignitis proposed €4.4 billion in Networks investment for 2026–2035, 26% more than under its previous plan.
For 2026, the group intends to pay €1.504 per share, a 10% increase from the 2025 level. It separately proposed an interim dividend of €0.400 per share, totaling €29 million, for the nine-month period. The proposed dividend increase is linked to a gain from the sale of a 49% stake in Vilnius CHP, completed March 30, 2026, to Quaero European Infrastructure Fund III, managed by Quaero Capital SA. Ignitis did not disclose the gain’s amount in the filing. Shareholders are scheduled to vote on the interim dividend at an extraordinary general meeting on Dec. 10.
