2026-02-27
Litgrid 2025 results: operating more reliably in continental Europe, strengthening system resilience, developing interconnections
Last year, Litgrid, the Lithuanian electricity transmission system operator, implemented synchronisation with continental European grid and successfully maintained the operation of the system in the Continental Europe Synchronous Area. In 2025, Litgrid improved electricity supply reliability indicators and consistently implemented strategic projects to increase the resilience of the electricity system and interconnection capacity. Due to temporary factors in the electricity balancing market, the company's net profit decreased, but adjusted EBITDA and profit indicators were better compared to the results of 2024.
“For over a year now, the Baltic countries' electricity systems have been operating successfully within the Continental Europe Synchronous Area. The most important synchronisation projects are scheduled for completion in 2025: electricity transmission lines in Western Lithuania and the Vilnius region, all three synchronous condensers, and transmission grid control systems. Lithuania's energy independence has been consolidated and the necessary measures to protect it have been initiated: Litgrid's critical infrastructure resilience program currently includes 14 projects and more than 150 measures at individual transmission network nodes. At the beginning of this year, Litgrid, together with its partners in the Baltic countries, received EUR 113 million in EU funding to implement resilience projects. To increase market integration and promote the further development of renewable resources, electricity transmission capacities with Poland and Latvia are being increased, and a possible new interconnection project is being evaluated together with partners in Latvia and Germany,” says Andrius Šemeškevičius, CEO of Litgrid.
In 2025, 600 MW of wind and 200 MW of solar power plants were connected to the transmission grid, and their total installed capacity in Lithuania increased by 1.7 GW. At the end of the year, the first two battery electricity storage systems with a total capacity of 119 MW were connected to the transmission grid.
“Over the past year, more wind and solar power plants began operating in Lithuania than there were in total in 2022. We are rapidly approaching our targets of meeting 100% of our electricity needs with locally produced energy. The new storage parks will also contribute to lower electricity price fluctuations and more efficient balancing markets,” says A. Šemeškevičius.
At the end of the year, Litgrid completed two synchronisation projects – the construction of the 330 kV Mūša substation in the Joniškis district and the Darbėnai substation in the Kretinga district. In November, continental European TSOs confirmed that the Baltic countries meet all technical requirements for permanent connection. The synchronisation project also won the prestigious Project of the Year award from the Project Management Institute (PMI), a global project management association, in recognition of the successful implementation of this complex project ahead of schedule.
At the end of last year, Litgrid approved the concept of increasing the cross-border electricity trading capacity between Lithuania and Poland, according to which export capacity should double by the end of this year and reach 500 MW in 2027.
In order to strengthen Ukraine's war-ravaged electricity transmission grid, Litgrid has already delivered the fourth high-voltage autotransformer and another package of electricity transmission grid equipment.
Supply reliability
The amount of electricity transmitted through Lithuanian transmission grid decreased last year. In 2025, the amount of electricity transmitted to meet the country's needs reached 9.177 TWh, which is 3.5% less than in 2024, when 9.51 TWh was transmitted. Although electricity consumption in Lithuania grew by 2% last year to 11.727 TWh, the amount of energy transmitted by Litgrid was lower due to the growing number of prosumers connected to the distribution grid.
By supervising and managing the electricity transmission system, Litgrid improved its planned electricity supply reliability targets. In 2025, the average interruption time (AIT) was 0.41 minutes, and the energy not supplied (ENS) was 10.121 MWh. By comparison, in 2024, the AIT was 0.855 minutes and the ENS was 24.275 MWh. The National Energy Regulatory Council (NERC) has set a maximum AIT of 0.934 minutes and an ENS of 27.251 MWh for the entire year.
The total availability of the NordBalt interconnection with Sweden to the market in 2025 was 97.38 percent. From the synchronization of the Baltic countries on February 9, 2025, until the end of the year, the capacity of the Poland-Lithuania section dedicated to the market (at least 70 percent of capacity) was ensured 99.3 percent of the time, and that of the Lithuania-Poland section was ensured 100 percent of the time. The unavailability of NordBalt was mainly due to scheduled maintenance work, while the Lithuania-Poland interconnection LitPol Link was affected by scheduled work and balancing reserve volumes.
The capacity of the Lithuania-Latvia interconnection was guaranteed 100% of the time in 2025.
Financial results
According to unaudited data, Litgrid's annual revenue grew by 13.9% and reached EUR 431.1 million in 2025. Revenue from electricity transmission increased by 4% compared to 2024, reaching EUR 134.3 million. In 2025, transmission revenue included EUR 34.5 million in congestion management revenue for transmission tariff reduction.
Revenue from ancillary services increased by 29% to EUR 180.2 million. Revenue increased due to a 28% increase in the additional services purchase component of the transmission service price set by NERC.
Imbalance and balancing revenue increased by 5.7% to EUR 108.7 million due to higher electricity transmission volumes. From October 2024, the regulated imbalance pricing changed and there may be a difference between income and expenses during the reporting period, but this will not affect long-term profitability as it will be assessed in future adjustments in 2025. Litgrid's balancing income was EUR 3.2 million lower than its costs.
In 2025, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to EUR 48.9 million. In comparison, EBITDA in 2024 amounted to EUR 60.5 million. After adjustments for temporary regulatory deviations from the amounts approved by NERC and the elimination of other one-off factors, adjusted EBITDA amounted to EUR 53 million, which was 11.6% higher than in 2024, when adjusted EBITDA amounted to EUR 47.6 million. Adjusted EBITDA was mainly increased by higher capital costs due to an increase in the value of regulated assets. Adjusted EBITDA was mainly driven by higher capital costs due to an increase in the value of regulated assets.
Net profit in 2025 amounted to EUR 34.2 million. By comparison, net profit in 2024 was EUR 49 million. Adjusted net profit in 2025 amounted to EUR 37.7 million, which was 10% higher than in 2024, when adjusted net profit amounted to EUR 34.3 million. The change in adjusted net profit was mainly influenced by the growth in adjusted EBITDA.
Litgrid's investments in 2025 amounted to EUR 166.3 million, of which 35% was allocated to the implementation of strategic and nationally important electricity projects, and 65% to the reconstruction and expansion of the transmission grid and operational support.
Congestion management revenue in 2025 amounted to EUR 99.7 million. This revenue is not recognized as income and have no direct impact on the company's operating results. Its use is regulated by Regulation (EU) 2019/943 of the European Parliament and of the Council and the methodology approved by the Agency for the Cooperation of Energy Regulators (ACER). The company's investments in increasing the capacity of interconnections are financed in part by congestion management revenue.
