Public Power Corporation (PPC) reported operational profits of 1.8 billion euros for 2024 on Wednesday, a target of 2 billion euros for 2025, and a dividend of 0.4 euro per share - 60% higher compared to fiscal 2023. 

It also underlined the 'greening' of production and the rise in investments to 3 billion euros.

Commenting on the results, Chairman & CEO Georgios Stasis noted that 2024 was another year of strong results for PPC, fundamentally achieving the doubling of operational profitability within the last three years compared to 2021, when the share capital increase was achieved. This allowed a dividend distribution, while the increase of investments focused on Renewable Energy Sources (RES) and Distribution, "according to our target to become a leading powertech company of clean energy in Southeastern Europe." 

He added that PPC has "significantly increased the power of RES to 6.2 GW, while at the same time continuing our plan for a full exit from lignite by 2026."

Stassis also pointed out that in 2024 PPC further decreased electricity tariffs for its customers, absorbing the intense fluctuations of wholesale market prices. "These returns highlight the resilience of our business model, which creates opportunities for further growth," he noted.

(Annual report available in English at https://www.ppcgroup.com/media/g4nhibig/fy2024_presentation_vf.pdf)