Slides
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* ignitis group Investor presentation : 6M 2026 results 12 August 2026
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Investor presentation / Legal notice This document has been prepared by the parent company solely for informational purposes and must not be relied upon, disclosed or published, or used in part for any other purpose. The document should not be treated as investment advice or provide basis for valuation of the parent company’s securities and should not be considered as a recommendation to buy, hold, or sell any of its securities, or any of the businesses or assets referenced in the document. The information in this document may comprise information which is neither audited nor reviewed by independent third parties and should be considered as preliminary and potentially subject to change. This document may also contain certain forward-looking statements, including but not limited to, the statements and expectations regarding anticipated financial and operational performance. These statements are based on the management's current views, expectations, assumptions, and information as of the date of this document announcement as well as the information that was accessible to the management at that time. Statements herein, other than the statements of historical fact, regarding the parent company’s future results of operations, financials, business strategy, plans and future objectives are forward-looking statements. Words such as ‘forecast’, ‘expect’, ‘intend’, ‘plan’, ‘will’, ‘may’, ‘should’, ‘continue’, ‘predict’ or variations of these words, as well as other statements regarding the matters that are not a historical fact or regarding future events or prospects, constitute forward-looking statements. The parent company bases its forward-looking statements on its current views, which involve a number of risks and uncertainties, which may be beyond the parent company’s control or difficult to predict, and could cause the actual results to differ materially from those predicted and from the past performance of the parent company. The estimates and projections reflected in the forward-looking statements may prove materially incorrect and the actual results may materially differ due to a variety of factors, including, but not limited to, legislative and regulatory factors, geopolitical tensions, economic environment and industry development, commodity and market factors, environmental factors, finance-related risks as well as expansion and operation of generation assets. Therefore, a person should not rely on these forward-looking statements. For further risk-related information, please see section ‘4.2 Risk management update’ of our latest interim report and ‘4.7 Risk management’ section of our Integrated Annual Report 2025, all available at https://ignitisgrupe.lt/en/reports-presentations-and-fact-sheets. Certain financial and statistical information presented in this document is subject to rounding adjustments. Accordingly, any discrepancies between the listed totals and the sums of the amounts are due to rounding. Certain financial information and operating data relating to the parent company presented in this document has not been audited and, in some cases, is based on the management’s information and estimates, and is subject to change. This document may also include certain non-IFRS measures (e.g., Alternative Performance Measures, described at https://ignitisgrupe.lt/en/reports- presentations-and-fact-sheets), which have not been subjected to a financial audit for any period. In the event of any discrepancy between the Lithuanian and the English versions of the document, the English version shall prevail. No responsibility or liability will be accepted by the parent company, its affiliates, officers, employees, or agents for any loss or damage resulting from the use of forward-looking statements in this document. Unless required by the applicable law, the parent company is under no duty and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Legal notice 2 / 35
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Agenda Investor presentation / Agenda 3 / 35 1. Strategic highlights 4 2. Financial highlights 8 3. Outlook 2026 18 4. Supplementary information 22
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Strategic highlights Investor presentation / Strategic highlights 4 / 35
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Stable balance sheet preserved Consistent financial performance Installed Capacity 2.1 GW Under Construction 0.6 GW On track Sustained strategic progress Net Debt/ Adjusted EBITDA LTM 3.49x Reaffirmed ‘BBB+’ credit rating DPS EUR 0.704 for H1 2025, +3.1% YoY; subject to the decision of GM to be held on 9 September 2026 Dividends in line with the policy Highlights Investor presentation / Strategic highlights Adjusted EBITDA 306.6 EURm +1.9% YoY 5 / 35 Sustained strategic progress and consistent financial performance. Full-year 2026 guidance reiterated DPS EUR 0.704 for H1 2026, +3.1% YoY
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Green Capacities Under Construction: on track and within budget 6 / 35 Tume SF 174 MW Investments made: 86.9 out of 105.8 EURm COD 2026 134 MW of panels installed Once completed, the project will be capable of supplying green electricity to up to 85,000 households annually ON TRACK 82% Investor presentation / Strategic highlights Kruonis PSHP expansion 110 MW Investments made: 109.3 out of 150.0 EURm COD 2026 ~80% of the project completed Key components preassembled and tested, with installation phase approaching and commissioning on track ON TRACK 73% Kelmė BESS 147 MW 295 MWh Investments made: 18.2 out of 63.4 EURm COD 2027 CAPEX subsidy Battery delivieries completed A co-located project with wind farm that benefits from shared high-voltage infrastructure ON TRACK 29% Kruonis BESS 99 MW 199 MWh Investments made: 12.5 out of 46.6 EURm COD 2027 CAPEX subsidy Battery delivieries completed A stand-alone project that unlocks the full flexibility of up to 1.1 GW due to operational synergies with Kruonis PSHP ON TRACK Mažeikiai BESS 45 MW 90 MWh Investments made: 5.9 out of 20.7 EURm COD 2027 CAPEX subsidy Battery delivieries completed A co-located project with wind farm that benefits from shared high-voltage infrastructure ON TRACK Tume BESS 107 MW 215 MWh Investments made: 0.3 out of 35.8 EURm COD 2028 FID made A co-located project with wind farm that benefits from shared high-voltage infrastructure ON TRACK Solar Hydro BESS 27% 29% 0% ARP Note: “ARP” indicates an update after the reporting period.
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1.44 1.44 0.82 0.29 2.25 1.73 63.8% 83.5% -85.0% -75.0% -65.0% -55.0% -45.0% -35.0% -25.0% -15.0% -5. 0% 5.0% 15. 0% 25. 0% 35. 0% 45. 0% 55. 0% 65. 0% 75. 0% 85. 0% 0.00 0.50 1.00 1.50 2.00 2.50 3.00 6M 2025 6M 2026 +4.4% 2.03 2.35 0.08 0.080.46 0.25 2.571 2.68 236 187 -500.0%0 0.5 1 1.5 2 2.5 3 6M 2025 6M 2026 7 / 35 0.72 0.480.43 1.11 6M 2025 6M 2026 Green Capacities Reserve Capacities GHG emissions, million t CO2 –eq Carbon intensity, g CO2 ekv./kWh Electricity Generated (net), TWh Green Share of Generation, % Safety, TRIR Employees Contractors Scope 2 Scope 3 Scope 1 (0.52) TWh Green Share of Generation +0.01 TWh Sustainability initiatives update Increased green generation share, reduced carbon intensity and continued focus on safety performance Carbon intensity Investor presentation / Strategic highlights 1. This figure has been restated compared to the First six months 2025 interim report (the number reported previously: 2.61 mill ion t CO2-eq). For more information, see Note 1 in section ‘5.1 Notes on restated figures’ of our First six months 2026 interim report.
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Financial highlights Investor presentation / Financial highlights 8 / 35
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9 / 35 Stable leverage metrics supported by reaffirmed ‘BBB+’ credit rating Dividends in line with the policy Adjusted EBITDA, 1.9% driven by stronger performance in Networks and Customers & Solutions Adjusted Net Profit, 20.8% driven by higher depreciation and amortization and lower financial activity results, which offset the Adjusted EBITDA growth Investments, 10.8% 68.0% directed to Networks, and 26.3% to Green Capacities Adjusted ROCE LTM, 1.9 pp driven by lower Adjusted EBIT LTM in Green Capacities Financial KPIs1, EURm 6M 2026 6M 2025 Δ Adjusted EBITDA 306.6 300.8 1.9% Adjusted Net Profit 115.8 146.2 (20.8%) Adjusted ROCE LTM 6.7% 8.6% (1.9 pp) Investments 306.1 343.2 (10.8%) FCF 5.3 64.0 (91.7%) EPS 1.57 1.54 1.9% DPS2 0.704 0.683 3.1% 30 Jun 2026 31 Dec 2025 Δ Net Working Capital 22.0 43.6 (21.6) Net Debt 1,925.3 1,912.0 0.7% Net Debt/Adjusted EBITDA LTM 3.49x 3.50x (0.3%) FFO LTM/Net Debt 22.2% 21.0% 1.2 pp 1. All KPIs are Alternative Performance Measures (APMs). 2. For 6M 2026 we intend to distribute a dividend of EUR 0.704 per share (+3.1% YoY), corresponding to EUR 51.0 million, which is subject to the decision of our General Meeting to be held on 9 September 2026. Financial performance overview Investor presentation / Financial highlights
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+1.9% (27.7) 0.229.1 17.9 132.6 147.3 166.6 149.2 300.8 306.6 6M 2025 6M 2026 Key drivers Networks Green Capacities Customers & Solutions Reserve Capacities Other activities and eliminations 10 / 35 +27.9 EURm (n/a) (11.2) EURm (38.5%) +14.7 EURm +11.1% (17.4) EURm (10.4%) Higher volumes sold, lower imbalance costs and profitable one-off natural gas wholesale transactions. Lower result of balancing capacity services. Higher RAB. Lower captured price and volume. Growth driven by Networks and Customers & Solutions Adjusted EBITDA Adjusted EBITDA APM EURm Investor presentation / Financial highlights
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(10.4%) 28.3% 19.4% 6M 2025 6M 2026 2.1 2.1 31 Dec 2025 30 Jun 2026 85.7 105.399.6 109.9 6M 2025 6M 2026 +10.0%+22.8% Green Capacities Adjusted EBITDA decrease due to lower captured prices 11 / 35 – Price: driven by lower price captured by green generation assets. – Volume: driven by lower wind generation. – OPEX: mainly due to higher spending on development projects in 2025. Hedged volume Installed Capacity GW Green Electricity Generated (net), Green Share of Generation TWh, % Availability factor % 94.3% 95.7% 6M 2025 6M 2026 Load factor % Market electricity price EUR/MWh Hedge price, hedged volume EUR/MWh, %1 130.6 81.8 59.1% 85.0% 0 20 40 60 80 100 120 140 160 180 200 6M 2025 6M 2026 Onshore wind Waste Hydro Green Share of Generation Onshore wind Onshore wind Lithuania Poland Hedge price -8.9 pp +1.4 pp Biomass 0.38 0.41 0.70 0.62 0.15 0.14 0.18 0.160.03 0.12 1.44 1.44 63.8% 83.5% -190.0% -140.0% -90.0% -40.0% 10. 0% 60. 0% 0.00 0.50 1.00 1.50 2.00 6M 2025 6M 2026 Solar Adjusted EBITDA development APM EURm 1. Some of the PPAs are internal, the graph illustrates the secured generation part of the Green Capacities segment, excl. Kr uonis PSHP. Investor presentation / Financial highlights (25.1) (2.1) 8.7 1.1 166.6 149.2 6M 2025 Price Volume OPEX Other 6M 2026
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+11.1% 1,302 1,429 31 Dec 2025 30 Jun 2026 4.8% 5.0% 1.2% 1.4% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 6M 2025 6M 2026 5.12 5.63 3.65 4.69 6M 2025 6M 2026 Networks Better results driven by higher RAB 12 / 35 – RAB: +6.2% from 1,795 EURm in 2025 to 1,906 EURm in 2026. – WACC: -0.05 pp in weighted average (electricity and natural gas) from 5.79% in 2025 to 5.74% in 2026. Adjusted EBITDA development APM EURm SAIFI SAIDI +10.0% +28.4% +0.2 pp +0.2 pp +127 thousand 1. Numbers approved and published by the regulator (NERC). Distribution volumes TWh Technological losses % Electricity Natural gas SAIFI, SAIDI (electricity) Times, minutes 0.50 0.53 37 46 0 5 10 15 20 25 30 35 40 45 0.00 6M 2025 6M 2026 RAB1 EURm Electricity Natural gas Natural gasElectricity Weighted average 1,332 1,541 1,655 252 254 251 1,584 1,795 1,906 2024 2025 2026 Number of smart meters installed Thousand WACC1 % 5.09% 5.82% 5.77% 5.03% 5.64% 5.56% 5.08% 5.79% 5.74% 2024 2025 2026 132.6 8.4 (0.5) 6.8 147.3 6M 2025 RAB WACC Other 6M 2026 Investor presentation / Financial highlights
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(38.5%) Reserve Capacities Adjusted EBITDA decrease due to the lower result of our balancing capacity services 13 / 35 17.8% 6.2% 0.0% 5.0% 10.0% 15.0% 20.0% 6M 2025 6M 2026 Installed Capacity GW Electricity Generated (net) TWh 0.82 0.29 6M 2025 6M 2026 Load factor % -65.0% -11.6 pp 1.06 1.06 0.00 0.20 0.40 0.60 0.80 1.00 1.20 31 Dec 2025 30 Jun 2026 Natural gas +0.0% – Market premium: driven by the lower result of balancing capacity services. – Regulated activities: mainly driven by major overhaul of Unit 7. Adjusted EBITDA development APM EURm (8.1) (3.1) 29.1 17.9 6M 2025 Market premium Regulated activities 6M 2026 Investor presentation / Financial highlights
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(n/a) 11.1 13.7 3.1 (27.7) 0.2 6M 2025 Electricity Natural gas Other 6M 2026 Customers & Solutions Increase driven by better electricity and natural gas supply activities results 14 / 35 – Electricity: better results driven by higher volume supplied as well as reduced imbalance costs. – Natural gas: higher natural gas supply results due to higher volumes sold and profitable one-off wholesale transactions. Adjusted EBITDA development APM EURm 3.77 4.25 0.59 1.91 6M 2025 6M 2026 3.54 4.09 6M 2025 6M 2026 1,799 1,907 31 Dec 2025 30 Jun 2026 1.4 1.4 0.6 0.6 31 Dec 2025 30 Jun 2026 Electricity retail sales TWh Number of customers Million EV charging points Units Retail Wholesale Electricity Natural gas +15.5% +222.4% +12.6% +6.0% -0.1% +0.3% Natural gas sales TWh Investor presentation / Financial highlights
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Key drivers 15 / 35 +43.1 EURm +26.1% Decline due to six projects reaching COD in 2025. Partly offset by investments into ongoing expansion projects. (76.0) EURm (48.6%) Networks Green Capacities Customers & Solutions Reserve Capacities Other activities and eliminations (10.8%) Investments APM EURm 1.0 2.810.1 8.0 156.4 80.4 165.2 208.3 343.2 306.1 6M 2025 6M 2026 Increase was mainly driven by higher Investments in the electricity distribution maintenance and expansion, mainly due several large B2B customers connected. Investments Decrease due to several projects reaching COD in 2025 Investor presentation / Financial highlights
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16 / 35 FCF APM EURm Key drivers Adjusted EBITDA (+306.6 EURm). Change in Net Working Capital (+21.6 EURm). Investments (-306.1 EURm). Free cash flow 64.0 5.3 6M 2025 6M 2026 Investor presentation / Financial highlights (58.7) Note: In March 2026, the Group completed the sale of a 49.0% stake in its subsidiary, Vilnius CHP. Following the transaction, the parent company retains a 51.0% interest and continues to control and fully consolidate the company. In the statement of cash flows the transaction is accounted as ‘Proceeds from transactions with non- controlling interests’ from financing activities and does not affect FCF. Broadly neutral FCF, as Adjusted EBITDA outweighted Investments
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49.4 (306.6) (21.6) 1,912.0 306.1 28.6 (31.8) (10.8) 1,925.3 31 Dec 2025 Investments Dividends paid Interest paid Adjusted EBITDA Investments covered by subsidies and customers NWC change Other 30 Jun 2026 Net Debt/Adjusted EBITDA LTM APM FFO LTM/Net Debt APM times, % Increase in FFO LTM and broadly stable Net Debt: Higher FFO LTM (+25.5 EURm) mainly due to higher EBITDA (+41.0 EURm). Higher Net Debt (+13.3 EURm) due to dividends, interest and income tax paid during the period, which was partly offset by the completed transaction for the sale of a 49.0% stake in Vilnius CHP. Net Debt/Adjusted EBITDA LTM FFO LTM/Net Debt 17 / 35 3.50 3.49 21.0% 22.2% -100.0% -80.0% -60.0% -40.0% -20.0% 0.0% 20.0% 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 31 Dec 2025 30 Jun 2026 Net Debt development APM EURm Leverage metrics Investor presentation / Financial highlights Leverage metrics remained broadly stable, while FFO LTM/Net Debt improved by 1.2 pp to 22.2%
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Outlook 2026 Investor presentation / Outlook 2026 18 / 35
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Investor presentation / Outlook 2026 291.5 263.4 37.7 (48.5) 546.1 550–600 2025 actutal 2026 guidance Adjusted EBITDA APM EURm Investments APM EURm Main drivers: – Green Capacities: lower captured electricity prices partly offset by full-year effect of new assets commissioned in 2025; – Networks: higher RAB due to continued Investments; – Reserve Capacities: expected to remain stable; – Customers & Solutions: potential lower loss from prosumers under the current net-metering scheme, given the proposed regulatory change. Main drivers: – Networks: expansion and maintenance of electricity distribution network; – Green Capacities: BESS and Kruonis PSHP expansion project. NetworksGreen Capacities Reserve Capacities Customers & Solutions 19 / 35 Note: Adjusted EBITDA indication for the Group is the prevailing guidance, whereas directional effect per business segment serve s as a mean to support it. Higher/stable/lower indicates the direction of expected business segment’s change in 2026 relative to the actual results for 2025. Guidance 2026 Adjusted EBITDA of 550–600 EURm, Investments of 590–690 EURm guidance reiterated 434.5 590–690 337.0 25.2 720.3 2025 actual 2026 guidance Guidance
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20 / 35 Investor presentation / Outlook 2026 Highlights Stable balance sheet preserved Consistent financial performance Installed Capacity 2.1 GW Under Construction 0.6 GW On track Sustained strategic progress Net Debt/ Adjusted EBITDA LTM 3.49x Reaffirmed ‘BBB+’ credit rating DPS EUR 0.704 for H1 2025, +3.1% YoY; subject to the decision of GM to be held on 9 September 2026 Dividends in line with the policy Adjusted EBITDA 306.6 EURm +1.9% YoY DPS EUR 0.704 for H1 2026, +3.1% YoY Sustained strategic progress and consistent financial performance. Full-year 2026 guidance reiterated
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Q&A 21 / 35 Investor presentation / Q&A
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Supplementary information Investor presentation / Supplementary information 22 / 35
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23 / 35 EURm 6M 2026 6M 2025 Δ% Revenue from contracts with customers 1,491.3 1,294.5 15.2% Other income 6.2 3.5 77.1% Total revenue 1,497.5 1,298.0 15.4% Electricity, gas and other services (993.4) (849.4) 17.0% Salaries and related expenses (104.4) (92.7) 12.6% Repair and maintenance expenses (32.9) (32.2) 2.2% Other expenses (63.3) (61.2) 3.4% Total expenses (1,194.0) (1,035.5) 15.3% EBITDA 303.5 262.5 15.6% Depreciation and amortisation (127.3) (100.1) 27.2% Proceeds from sale of PPE and intangibles (3.7) (2.1) 76.2% Operating profit (EBIT) 172.5 160.3 7.6% Finance income 5.4 5.9 (8.5%) Finance expenses (42.8) (35.3) 21.2% Finance activity, net (37.4) (29.4) 27.2% Profit (loss) before tax 135.1 130.9 3.2% Income tax (expenses)/benefit (21.9) (19.5) 12.3% Net profit for the period 113.2 111.4 1.6% Investor presentation / Supplementary information Statement of profit or loss
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24 / 35 EURm 30 Jun 2026 31 Dec 2025 Δ% Assets Intangible assets 290.6 293.2 (0.9%) Property, plant and equipment 4,846.9 4,699.2 3.1% Right-of-use assets 125.9 123.5 1.9% Prepayments for non-current assets 46.7 39.7 17.6% Investment property 4.4 4.4 0.0% Non-current receivables 21.3 20.5 3.9% Other financial assets 36.7 31.3 17.3% Other non-current assets 20.9 19.5 7.2% Deferred tax assets 33.3 49.1 (32.2%) Non-current assets 5,426.7 5,280.4 2.8% Inventories 219.5 240.0 (8.5%) Prepayments and deferred expenses 17.7 14.6 21.2% Trade receivables 206.5 272.2 (24.1%) Other receivables 169.5 161.1 5.2% Other current assets 17.7 7.2 145.8% Prepaid income tax 2.0 1.1 81.8% Cash and cash equivalents 274.8 296.3 (7.3%) Assets held for sale 4.8 6.0 (20.0%) Current assets 912.5 998.5 (8.6%) Total assets 6,339.2 6,278.9 1.0% EURm 30 Jun 2026 31 Dec 2025 Δ% Equity and liabilities Share capital 1,616.4 1,616.4 0.0% Reserves 281.7 264.3 6.6% Retained earnings 699.4 614.0 13.9% Equity attributable to shareholders in AB “Ignitis grupė” 2,597.5 2,494.7 4.1% Non-controlling interests 38.6 - - Equity 2,636.1 2,494.7 5.7% Non-current loans and bonds 1,990.7 1,888.1 5.4% Non-current lease liabilities 97.8 97.8 0.0% Grants and subsidies 264.1 272.5 (3.1%) Deferred tax liabilities 93.8 90.3 3.9% Provisions 112.7 160.3 (29.7%) Deferred income 370.9 342.4 8.3% Other non-current liabilities 25.6 24.4 4.9% Non-current liabilities 2,955.6 2,875.8 2.8% Loans 101.8 212.7 (52.1%) Lease liabilities 9.8 9.8 0.0% Trade payables 191.0 220.7 (13.5%) Advances received 85.5 106.9 (20.0%) Income tax payable 10.7 28.2 (62.1%) Provisions 87.1 60.4 44.2% Deferred income 21.2 17.2 23.3% Other current liabilities 240.4 252.5 (4.8%) Current liabilities 747.5 908.4 (17.7%) Total liabilities 3,703.1 3,784.2 (2.1%) Total equity and liabilities 6,339.2 6,278.9 1.0% Investor presentation / Supplementary information Statement of financial position
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25 / 35 EURm 6M 2026 6M 2025 Δ% Cash flows from operating activities Net profit for the period 113.2 111.4 1.6% Adjustments for non-cash items 126.5 221.6 (42.9%) Elimination of results of investing activities 6.3 5.0 26.0% Elimination of results of financing activities 33.9 26.5 27.9% Changes in working capital 52.3 115.9 (54.9%) Income tax (paid)/received (23.5) (13.5) 74.1% Net cash flows from operating activities 308.7 466.9 (33.9%) Cash flows from investing activities Acquisition of PPE and intangibles (308.3) (343.4) (10.2%) Proceeds from sale of PPE and intangibles 3.2 2.1 52.4% Loans granted (1.3) (1.6) (18.8%) Grants received 0.3 0.5 (40.0%) Interest received 1.8 0.5 260.0% Finance lease payments received 0.9 0.8 12.5% (Investments in)/return from investment funds (1.1) (2.3) (52.2%) Net cash flows from investing activities (304.5) (343.4) (11.3%) EURm 6M 2026 6M 2025 Δ% Cash flows from financing activities Loans received 555.1 - n/a Repayments of loans (291.7) (26.3) n/a Loans assumed through business combination - 0.5 n/a Overdrafts net change (267.4) 26.2 n/a Lease payments (6.1) (5.6) 8.9% Interest paid (28.6) (23.1) 23.8% Transaction costs (4.1) - n/a Proceeds from non-controlling interests, net of transaction costs 106.3 - n/a Dividends paid (49.4) (48.0) 2.9% Dividends paid to non-controlling interest (39.9) (12.4) 221.8% Net cash flows from financing activities (25.8) (88.7) (70.9%) Increase/(decrease) in cash equivalents (21.6) 34.8 (162.1%) Cash equivalents at the start of the period 296.3 234.5 26.4% Cash equivalents at the end of the period 274.7 269.3 2.0% Investor presentation / Supplementary information Statement of cash flows
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Net Profit adjustments EURm EBITDA adjustments EURm 1. Temporary regulatory differences – elimination of the difference between the actual profit earned during the reporting period and the profit allowed by the regulator. 2. Adjustments related to significant one-off gains or losses include eliminating the EUA sales in the Reserve Capacities segment. 3. An additional income tax adjustment of 17% (statutory income tax rate in Lithuania) is applied to all of the above net profit adjustments. 26 / 35 6M 2026 6M 2025 Δ Δ% EBITDA APM 303.5 262.5 41.0 15.6% Adjustments Temporary regulatory differences1 19.0 38.3 (19.3) (50.4%) Networks 25.0 33.6 (8.6) (25.6%) Customers & Solutions (6.0) 4.7 (10.7) n/a Significant one-off gains or losses2 Reserve Capacities (15.9) - (15.9) n/a Total EBITDA adjustments 3.1 38.3 (35.2) (91.9%) Adjusted EBITDA APM 306.6 300.8 5.8 1.9% Adjusted EBITDA Margin APM 20.4% 22.5% (2.1 pp) n/a 6M 2026 6M 2025 Δ Δ% Net profit 113.2 111.4 1.8 1.6% Adjustments Total EBITDA adjustments 3.1 38.3 (35.2) (91.9%) One-off financial activity and adjustments - 2.8 (2.8) n/a Adjustments’ impact on income tax3 (0.5) (6.3) 5.8 92.1% Total net profit adjustments 2.6 34.8 (32.2) (92.5%) Adjusted Net Profit APM 115.8 146.2 (30.4) (20.5%) Investor presentation / Supplementary information EBITDA and Net Profit adjustments
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Key drivers (6M 2026 vs 2025): 27 / 35 Lower trade and accrued receivables (-26.6 EURm), Customers & Solutions segment driven by seasonality. Lower Inventories (-20.6 EURm). Lower trade payables for purchased electricity (+27.5 EURm). Net Working Capital APM EURm 43.6 134.7 22.0 31 Dec 2025 31 Mar 2026 30 Jun 2026 (49.5%) (83.7%) Investor presentation / Supplementary information Net Working Capital Seasonality-driven decrease in trade and accrued receivables
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42.1 168.8 92.6 93.5 102.0 121.9 130.1 155.5 75.4 314.1 300.0 300.0 300.0 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035+ 273.1 238.7 329.3 764.0 602.4 1,002.7 31 Dec 2025 30 Jun 2026 Liquidity reserve EURm Repayment schedule1,2 EURm 28 / 35 Outstanding amount as of 30 Jun 2026 (EURm) Outstanding amount as of 31 Dec 2025 (EURm) Δ Effective interest rate (%) 30 Jun 2026 Effective interest rate (%) 31 Dec 2025 Δ Average time to maturity (years) Fixed interest rate Euro currency Bonds (incl. interest) 908.0 904.3 3.6 1.96% 1.96% - 2.3 100.0% 100.0% Non-current loans including current portion of non-current loans 1,184.5 778.4 406.0 3.37% 2.93% 0.4 pp 10.4 59.1% 94.4% Bank overdrafts, credit lines, and current loans 0.1 417.9 (417.9) 2.89% 2.89% 0.2 pp 1.3 0.0% 100.0% Lease liabilities 107.6 107.6 - - - - 6.6 0.0% 82.1% Gross Debt APM 2,200.1 2,208.3 (8.2) 2.76% 2.51% 0.2 pp 7.1 73.1% 96.1% Cash balances in bank accounts Total unwithdrawn balances 1. The nominal value of issued bonds amounts to EUR 900 million. As of 30 June 2026, bonds accounted for EUR 896.1 million in the C onsolidated statement of financial position as the remaining nominal capital will be capitalised until maturity according to IFRS. 2. Overdrafts are classified as current liabilities unless an additional agreement has been signed. Overdrafts with maturity dat es in 2027 are therefore recognised as current liabilities, although the graph represents them with a 2027 end date. Refers to the green bond issuesBondsLoans and Leases Investor presentation / Supplementary information Financing
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Electricity generated1 vs supplied by Ignitis Group in 2025 TWh 7.4 Gap enough to cover ~2.0 GW2 of new Green Capacities Electricity supply portfolio Generated1 0.4Externally–secured 29 / 35 1. Excluding opportunistic Green Capacities’ assets – Kruonis PSHP, which accounted for ~16% of the total electricity generated in the Green Capacities segment in 2025. 2. Assuming the whole surplus of electricity supply (5.0 TWh) can be utilised for new wind and solar generation offtake with a load factor of ~29% (75/25 split between wind and solar with load factors of ~35% and ~12% respectively). Investor presentation / Supplementary information Installed Capacity and generation mix overview 1.9
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Generation portfolio hedging levels1 1. Hedging levels are provided until the end of the strategic period. 2. Most PPAs are concluded for the base load, therefore, the actual effective hedge price can differ from the price in the contract due to the profile effect. 3. Generation portfolio includes the total electricity generation of Secured Capacity projects, excluding Kruonis PSHP as well as units 7, 8 and CCGT at Elektrėnai Complex. 4. Some of the PPAs are internal, the graph above illustrates the Green Capacities segment’s outlook (generated volumes). 30 / 35 Hedge price2, EUR/MWh Volumes hedged3,4, % 50% 86% 63% 62% 61% 116 83 83 83 82 -300 -250 -200 -150 -100 -50 0 50 100 150 200 0% 20% 40% 60% 80% 100% 120% 2025 2026 2027 2028 2029 Investor presentation / Supplementary information Hedging levels
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Finland 75.9 EUR/MWh (+96.7%) 49.8 EUR/MWh (+10.7%) Estonia 95.3 EUR/MWh (+11.8%) 48.4 EUR/MWh (+10.6%) Latvia 103.9 EUR/MWh (+18.2%) 48.4 EUR/MWh (+10.6%) Poland 109.9 EUR/MWh (+10.0%) 47.3 EUR/MWh (+4.8%) Lithuania 105.3 EUR/MWh (+22.8%) 47.7 EUR/MWh (+6.1%) Average electricity price in 6M 2026 (vs 6M 2025) Average natural gas price in 6M 2026 (vs 6M 2025) Countries the Group is active in TWh 6M 2026 6M 2025 Δ, % Lithuania 6.4 5.8 9.3% Latvia 3.9 3.5 9.3% Estonia 4.3 4.0 7.0% Finland 46.1 43.3 6.5% Poland 46.8 44.5 5.2% Total 107.5 101.1 6.3% Consumption, TWh Consumption, TWh Electricity Natural gas Generation, TWh 31 / 35 TWh 6M 2026 6M 2025 Δ, % Lithuania 5.4 5.0 8.7% Latvia 4.0 3.2 23.5% Estonia 2.6 2.8 (5.9%) Finland 42.5 39.7 7.0% Poland 81.9 77.7 5.5% Total 136.4 128.4 6.2% TWh 6M 2026 6M 2025 Δ, % Lithuania 10.1 8.7 16.1% Latvia 6.1 4.8 26.2% Estonia 2.3 1.9 22.5% Finland 7.9 7.2 9.6% Poland 118.4 107.5 10.1% Total 144.8 130.1 11.3% Investor presentation / Supplementary information Industry overview Nord Pool system 81.7 EUR/MWh (+127.2%) TTF 39.7 EUR/MWh (-6.0%)
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Disclosure summary Strategic financial guidance Total Investments, 2026–2029 2.5–3.0 EURbn Addressable cost reduction in real terms: from 2025 base -10% Adjusted EBITDA, 2029 640–700 EURm Adjusted Net Profit, 2029 250–290 EURm Average ROCE, 2026–2029 6.5–7.5% Net Debt/Adjusted EBITDA, 2026–2029 3-4x FFO/Net Debt, 2026–2029 ≥23% Investment–grade rating, 2026–2029 BBB or above Dividend policy ≥3% annual growth rate − Adjusted EPS, 2029 − DPS floor, 2029 − Dividend yield, 2029 3.5–4.0 EUR ≥1.54 EUR 7.2% Our strategic performance KPIs Installed Green Capacities: − Target for 2029 − Strategic goal 2.8–3.2 GW 4.0–5.0 GW Average availability of Reserve Capacities, 2026–2029 >98% Electricity SAIFI1, in 2029 ≤0.91 Safety at work, 2029: − fatal accidents of own employees and contractors − TRIR of own employees − TRIR of contractors 0 ≤0.8 ≤1.0 Leadership in customer experience: − Transactional NPS Networks2 − Transactional NPS C&S2 ≥65 ≥65 Engaged employees: − employee Net Promoter Score (eNPS), 2026–2029 ≥60 Diversity in top management: − share of women in top management, 2029 ≥35% Carbon intensity reduction: − carbon intensity of scope 1 & 2 GHG emissions, 2029 (reducing by ~14% vs. 2025) 180 g CO 2-eq/kWh 1. Assessed according to the principles used during the determination of the level and the NERC methodology in force according to which the following cases are excluded from SAIFI: (1) outages caused by natural phenomena corresponding to the values of indicators of natural, catastrophic meteorological and hydrological phenomena – wind speed >28 m/s and by eliminating interruptions all country wise; (2) outages caused by faults in the transmission system operator's network. 2. Calculated as the average of Transactional NPS B2C and NPS B2B. Investor presentation / Supplementary information 32 / 35
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Glossary Commercial Operation Date (COD) Green Capacities projects that have achieved Installed Capacity Final Investment Decision (FID) A decision of a relevant governance body on making significant financial commitments related to the project Installed Capacity The date on which all equipment of Green Capacities project is: (1) installed, (2) connected, (3) authorised by the competent authority to generate/store energy, and (4) commissioned. Performance testing may still be ongoing Under Construction Green Capacities projects with building permits secured or permitting in process, and meeting at least one of the following criteria: (i) a notice to proceed has been given to the first contractor, or (ii) a Final Investment Decision has been made Investor presentation / Supplementary information 33 / 35
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Abbreviations APM Alternative Performance Measures (link) B2B Business to business B2C Business to consumer BESS Battery energy storage system CCGT Combined Cycle Gas Turbine Plant CfD Contract for difference CHP Combined heat and power (cogeneration) plant eNPS Employee Net Promoter Score ESG Environmental, social and corporate governance GM General Meeting GHG Greenhouse Gas HPP Hydroelectric power plant IFRS International Finanacial Reporting Standards Investor presentation / Supplementary information 34 / 35 LTM Last twelve months NERC National Energy Regulatory Council NPS Net promoter score PPA Power purchase agreement PSHP Pumped Storage Hydroelectric Power Plant RAB Regulated asset base SAIDI Average duration of unplanned interruptions in electricity or gas transmission SAIFI Average number of unplanned long interruptions per customer SF Solar farm TRIR Total Recordable Incident Rate WACC Weighted average cost of capital WF Wind farm WtE Waste-to-energy
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More about Ignitis Group Sustainability Strategy Reports, presentations & fact sheets Contacts 35 / 35 IR@ignitis.lt