“The 2025 results are within the trajectory we announced we are following. We expect that 2026 will also be a good year for the company,” noted the Chairman and CEO of GEK TERNA Group, George Peristeris, during yesterday’s analyst conference call for the presentation of the 2025 financial results.
Regarding the impact from the Middle East crisis, the Group’s management stated that any forecast is risky, as everything depends on whether and how quickly there will be a complete de-escalation. With today’s data, there is no impact on the Group’s operations, given the fact that a large part of the contracts includes clear protection terms against a potential increase in costs.
Regarding the individual activities, management highlighted the following:
- Attiki Odos: During the first quarter, traffic volume increased by approximately 2%-3% on an annual basis, despite farmers’ mobilizations. Revenue trajectory remains strong due to contractual toll adjustments and traffic mix.
- Egnatia Odos: Despite upgrade works and agricultural mobilizations, traffic increased by 4.5%.
- New projects: The Group participates in tenders for projects worth 2 billion euros, while it is estimated that by the end of the year or early 2027, tenders of corresponding value will be announced. The Group has the financial strength to pursue new opportunities while maintaining its existing capital structure intact.
- Amfilochia pumped storage: GEK TERNA will exercise the call option for acquiring 50% of the project, with negotiations with Masdar ongoing. Correspondingly, the Group is expected to exercise the buyout right of 50% in hydroelectric projects, offshore wind farms, etc.
