Interim report
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CONFIDENTIAL The National Power Grid Company Transelectrica 2-4 Olteni Street Bucharest , District 3 , 030786 , Romania Trade Register Number J2000008060404 , Single Registration Code 13328043 Phone +4021 270 04 53 , Fax +4021 303 56 10 Share capital subscribed and paid : 733.031.420 lei www.transelectrica.ro Transelectrica® Societate Administrată în Sistem Dualist SR AC To : Bucharest Stock Exchange - Regulated Markets Issuer Operations Department Financial Supervisory Authority - General Supervision Division - Issuers Division Communicated in accordance with the provisions of Law 24/2017 , ASF Regulation no . 5/2018 and the BVB Code Report Date : August 14 , 2026 Name of the issuing entity : NPG TRANSELECTRICA SA , managed under two tier system Registered office : Bucharest , Olteni Street no . 2-4 , sector 3 Telephone / fax number : 021 30 35 611/021 30 35 610 Unique registration code : 13328043 Trade Register serial number : J2000008060404 Subscribed and paid - up share capital : 733,031,420 RON LEI code : 254900OLXCOUQC90M036 Regulated market on which the issued securities are traded : Bucharest Stock Exchange Important event to report : Summary of the financial results for the end of the first half of 2026 Reporting includes : ➤ Unaudited and unrevised Simplified Interim Financial Statements as of June 30 , 2026 ➤ Half - yearly report on the activity of NPG " Transelectrica " S.A. between January and June 2026 ➤ Unaudited and unrevised Simplified Interim Financial Statements prepared as of June 30 , 2026 in accordance with OMFP 2844/2016 ➤ Unaudited and unrevised Simplified Consolidated Interim Financial Statements prepared as of June 30 , 2026 in accordance with IFRS - EU ➤ Consolidated report for the first half of 2026 The segment of activities with allowed profit recorded a positive result in the amount of RON 342 million in the first half of 2026 , up by RON 126 million compared to the result in the amount of RON 216 million achieved in the same period of 2025 , in the context in which operating revenues increased by RON 214 million , and operating expenses ( including depreciation ) increased by RON 88 million . The increase in operating revenues ( RON 1,365 million as of June 30 , 2026 compared to RON 1,151 million as of June 30 , 2025 ) was mainly influenced by the positive evolution of transport revenues and cyclical revenues ( allocation of interconnection capacity + RON 112 million , emergency aid revenues + RON 16 million ) , in the context of a decrease of RON 7.4 million in revenues from OTC - balancing market transactions . Revenues from transmission and other revenues from the energy market increased by RON 203 million , respectively from RON 1,119 million in H1 2025 to RON 1,322 million in H1 2026 , mainly influenced by the increase from January 1 , 2026 and the tariff for the transmission service approved by ANRE , which led to an appreciation of revenues from the regulated tariff by RON 77 million . lei ( + 8 % ) compared to the same period of the previous year . The increase between January and June 2026 of revenues from the allocation of interconnection capacity ( +74 million lei ) which reached 263 million lei ( from 151 million lei in the same period of 2025 ) , was influenced by the model of price formation according to supply and demand . Default allocations , in which capacity and energy are provided simultaneously , are strongly influenced by variations in the price of electricity on European stock exchanges . The 9 % increase in operating expenses , including depreciation ( RON 1,022 million in H1 2026 compared to RON 934 million in H1 2025 ) was mainly influenced by the increase in expenses related to the operation of the system . In the category of operational expenses , the biggest impact was had by OTC expenses , which in the January - June 2026 period amounted to RON 356 million , higher by 24 % ( + RON 68 million ) compared to RON 288 million recorded in January - June 2025 . The zero - profit segment recorded a positive result , up from the one recorded in the first half of 2025 in the amount of RON 85 million ( RON 46 million in H1 2025 ) . SP AC Certfical Nr . 600 Certificat Nr . 72 ISO 9001 ISO 14001 SR AC ISO 45001 Net AGEMENT MANAGE SYSTEM