Earnings release
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Ad hoc announcement pursuant to Art. 53 LR (Listing Rules) 1 Romande Energie Group 2026 half-year results Growth momentum continues in tandem with stronger margins Romande Energie maintained its firm growth trend in the first six months of 2026. Helped by more supportive conditions in the electricity industry, the Group reaped the benefits of efficiency measures , reorganisation efforts, and better generation and demand forecasting in the period under review. These positive factors resulted in sharply improved operating results, as evidenced by significantly higher EBITDA and EBIT. Operating revenue up 5% Operating revenue was CHF 407 million, rising by 5% relative to the first six months of 2025 (CHF 386 million) amid strong momentum across all the Group’s activities. Each business unit contributed positively to revenue growth. The Building Solutions business unit saw brisk trends fuelled by strong demand for energy retrofit solutions from property owners. Generation output increased by 6%. Volumes distributed and sold to end -customers rose by 2%. Output from district heating assets rose by 11%. Energy produced by the Romande Energie Group in H1 2026 2026 2025 Electricity Thermal Electricity Thermal GWh Generation 361 78 340 70 Distribution 1 377 1 352 Sold to end-customers 794 68 782 61 o/w regulated market 683 680 o/w unregulated market 111 102 Based on percentage ownership of assets Sharp upturn in EBITDA and EBIT EBITDA was CHF 98 million, rising by 37% relative to the first six months of 2025 (CHF 71 million). After depreciation and amortisation, EBIT doubled to CHF 46 million (versus CHF 22 million in H1 2025). The Group’s EBITDA margin advanced to 24% (18% in H1 2025) while EBIT margin widened to 11% (6%), reflecting a significantly more solid business performance. One factor for the sharply higher profits was the increase in the energy supply margin, stemming mainly from lower balancing-power costs. The Group also reaped benefits from efficiency measures and the reorganisation of its business structure. The Energy and Markets business units gained from generation assets’ increased yield. The restart of the Forces Motrices du Grand-Saint-Bernard plant, higher contributions from Forces Press release Morges, 3 September 2026
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Ad hoc announcement pursuant to Art. 53 LR (Listing Rules) 2 Motrices Hongrin-Léman and increased output from district heating networks offset the impact of lower precipitation. By contrast, the Grids business unit’s EBITDA fell under the impact of a further reduction in the WACC applicable to regulated assets. Lastly, Building Solutions delivered stronger results, with EBITDA rising to CHF 1 million. Operating performance offsets lower equity-accounted income Swiss GAAP FER net profit increased to CHF 47 million (versus CHF 40 million in H1 2025) under the impetus of the Group’s strong operating results. This was despite a CHF 9 million contribution from associates Alpiq and EOS, down from CHF 23 million in the same period last year. Sharply higher cash flow and stable capex Cash flow from operating activities was CHF 109 million, rising by CHF 57 million (+108%) relative to the same period in 2025, reflecting a solid contribution from the energy supply margin and the dividend received from EOS Holding. Capital expenditure totalled CHF 83 million in the first six months of the year (-8%), in line with the budget. Of this amount, CHF 40 million was allocated to modernising and reinforcing the grid infrastructure, while CHF 30 million was allotted to expanding and upgrading generation assets – primarily district heating plants. The Group’s financial position remained robust. Long -term debt remained at a manageable CHF 337 million as at 30 June 2026, varying only slightly compared with CHF 334 million at the beginning of the financial year. Equity attributable to shareholders of Romande Energie Holding SA stood at CHF 2 billion, representing 76% of total assets. Outlook After several years marked by volatility in energy markets and far -reaching regulatory developments, Romande Energie’s earnings profile is gradually returning towards the levels it achieved in the past. Strong results in the first six months indicate that business trends remain intact, adding weight to the Group’s forecast of achieving adjusted EBITDA of CHF 170– CHF 190 million by 2030. It is usual for the Group to record a weaker second-half performance due to seasonal factors. Barring weather-related, geopolitical and macroeconomic developments that could impact energy markets, Romande Energie nonetheless remains confident about the second half of the year, in line with its trajectory towards long-term value creation.
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Ad hoc announcement pursuant to Art. 53 LR (Listing Rules) 3 Key figures of the Romande Energie Group at 30 June 2026 2025 Adjusted results Non- operating items Swiss GAAP FER results Adjusted results Non- operating items Swiss GAAP FER results In CHF thousands Total operating revenue 407 155 407 155 386 447 386 447 Gross profit 222 692 222 692 196 810 196 810 EBITDA 97 634 97 634 71 045 71 045 EBIT 46 340 46 340 22 160 22 160 Share of profit from associates 12 242 12 242 23 939 23 939 Net profit 47 221 47 221 39 743 39 743 The Interim Report is available via these links: - French: Rapport semestriel 2026 - English: Half-year Report 2026 Notes to editorial desks This press release is being issued outside the trading hours of the SIX Swiss Exchange as required by the SIX Listing Rules on ad hoc publicity. Contact Michèle Cassani Spokesperson +41 (0)21 802 95 67 michele.cassani@romande-energie.ch Laurent Widmer Head of Investor Relations +41 (0)21 802 96 00 laurent.widmer@romande-energie.ch Romande Energie at a glance The Romande Energie Group, a multi -service energy provider and Western Switzerland’s leading electricity supplier, is committed to making its home region the first in the country to reach carbon net zero. Guided by the three of sustainability pillars, the Group aims to reduce its own greenhouse gas emissions and to support all customers as they advance their own energy transition. To achieve this, it is investing significantly in the energy transition, both by strengthening and maintaining a safe, high -quality electricity grid, and by developing and optimising its portfolio of local, renewable generation assets. The Romande Energie Group offers innovative solutions and renovation programmes designed to accelerate the energy transition within the built environment. As a responsible corporate citizen, the Group is helping to build a sustainable economy. Supporting the people of Western Switzerland as they embrace a sustainable future is its core purpose. For more information, visit www.romande-energie.ch