PPC S.A. — Investor Presentation 2025

Aug 6, 2025

Financial Results H1 2025

H1 2025 results | August 2025 1

6th August 2025

Disclaimer

This presentation and the information contained herein (unless otherwise indicated), including any accompanying oral presentation, question and answer session and any other document or materials distributed at or in connection with this presentation, has been prepared by PPC S.A. ("PPC", or the "Company", together with its consolidated subsidiaries, the "Group") for information purposes only and it has been approved by the Board of Directors of the Company. This presentation may not be disclosed, reproduced, disseminated, quoted or referred to, in whole or in part, without the prior written express consent of the Company and may not be used for any other purpose. None of the Group, or any of its affiliates or employees, directors, representatives, officers, agents or advisors (collectively, the "representatives"), shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information contained in this presentation is provided as at the date hereof and is subject to change without notice. The information contained in this presentation may be updated, completed, revised and amended and such information may change materially in the future.

The information contained herein should not be construed as legal, tax, accounting or investment advice, representation or a personal recommendation. This presentation is not intended to form the basis of any investment decision, financial opinion or investment advice.

This presentation contains forward looking statements, and neither the Group nor our representatives make any representation or warranty, express or implied, as to the achievement or reasonableness of such forward-looking statements, including future projections, operations, strategy, plans, objectives, goals, management targets, economic outlook, estimates and prospects. Actual events or conditions are unlikely to be consistent with, and may materially differ from, such forward-looking statements, and the Group and our representatives do not undertake any obligation or responsibility to update any of the information contained in this presentation.

These forward-looking statements are subject, among other things, to (i) business, economic and competitive risks, (ii) macroeconomic conditions, (iii) fluctuations of the Euro against the U.S. Dollar and Romanian Leu exchange rate, (iv) oil, natural gas and electricity prices and the price of CO2 emission rights, (v) changes in the market, legal, regulatory and fiscal landscape, (vi) evolution of bad debt and (vii) other uncertainties and contingencies, which relate to factors that are beyond PPC's ability to control or estimate precisely, and that could cause actual events or results to differ materially from those expressed therein. Accordingly, undue reliance should not be placed on these forward-looking statements, which speak only as of the date of this presentation.

Certain information contained in these materials, including future EBITDA, earnings, expenditures and other financial measures for future periods, constitutes "forward-looking statements," which are based on current expectations and assumptions about future events, and that may be identified by the use of forward-looking terminology such as "may," "will," "should," "except," "anticipate," "project," "estimate," "intend," "continue," or "believe" or the negatives thereof or other variations thereon or comparable terminology or other forms of projections, forecasts or targets or generally as all statements other than statements of historical facts included in this presentation. Financial metrics for future periods are based on present reasonable and good-faith assumptions and we provide no assurance that such financial metrics will be achieved. Past performance does not guarantee or predict future performance.

PPC does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation. For a more detailed description of the main risks and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements, please refer to PPC's financial report for the six-month period ended June 30, 2025, which can be found on the Company's website at www.ppcgroup.com.

This presentation also includes certain unaudited and unreviewed preliminary interim financial information prepared by the Group. Undue reliance should not be placed on the inclusion of such unaudited and unreviewed preliminary interim financial information and it should not be regarded as an indication of future events. The inclusion of such financial information in this presentation should not be regarded as a representation or warranty by the Group or our representatives or any other person as to the accuracy or completeness of such information's portrayal of the financial condition or results of operations by the Group and should not be relied upon when making an investment decision. This presentation does not purport to contain all information required to evaluate the Group and/or its financial position. Market and competitive position data in these materials has generally been obtained from industry publications and surveys or studies conducted by third-party sources and estimates prepared by the Group on certain assumptions. There are limitations with respect to the availability, accuracy, completeness and comparability of such data. While the Company believes that the industry and market data from external sources is accurate and correct, the Company has not independently verified such data and can provide no assurance of its accuracy or completeness.

Certain financial data included in these materials consists of "non-IFRS financial measures". These non-IFRS financial measures, as defined by the Company, may not be comparable to similarly-titled measures as presented by other companies, nor should they be considered as an alternative to the historical financial results or other indicators of the performance based on IFRS. Certain statements in these materials regarding the market and competitive position data are based on the internal analyses of the Company, which involve certain assumptions and estimates. These internal analyses have not been verified by any independent source and there can be no assurance that the assumptions or estimates are accurate. Accordingly, undue reliance should not be placed on any of the industry, market or the Company's competitive position data contained in these materials.

The facts, opinions and expectations stated herein have not been independently verified, and neither the Group nor any of its representatives makes any representation or warranty, express or implied, as to the achievement or reasonableness of future projections, management targets, estimates, prospects or returns contained herein, as to the accuracy, completeness or reasonableness of this presentation or any of the information or opinions contained herein, or the assumptions on which they are based or any other written or oral communication transmitted or made available to the recipient or its representatives, and they should not be relied upon as such.

The Group, its affiliates and their respective representatives expressly disclaim, to the fullest extent permitted by law, any and all liability based, in whole or in part, on this presentation or any information contained herein or any other written or oral communication transmitted or made available to the recipient or its affiliates or representatives, including, without limitation, with respect to errors therein or omissions therefrom. By receiving these materials, you will be taken to have represented, warranted and undertaken that you have read, understood and fully agreed to be bound by the terms and limitations set forth in the disclaimer above.

Today's Presenters

Georgios Stassis Chairman & CEO

H1 2025 results | August 2025 3

Konstantinos Alexandridis CFO

H1 2024 results | August 2024 Q1 May 2024

H1 2024 results | August 2024 Q1 May 2024

Highlights of the period & Outlook 1

Key highlights of Η1 2025 performance

RES at 50% of PPC total capacity with continued growth across key pillars of our strategy

1. Including Large Hydro 2. H1 2025 figures include 35MW operating assets from the project Aegean, the acquisition of which is expected to be concluded in 2025. 3. Scope 1 emissions divided by total electricity generation

Strong output and market position, with RES leading the transition

Source: Company Information. 1. Market Share H1 2024 based on actual figures and H1 2025 on provisional data. 2. Market Share in RES excl. Large Hydro. 3. Refers to Scope 1 emissions.

Significant progress in the RES roll out plan in Q2 2025 from projects in various technologies

Selected RES projects currently Under Construction: Solar

Selected RES projects currently Under Construction: Solar & Hybrid

Selected RES projects currently Under Construction: Wind

Selected RES projects currently Under Construction: BESS

Further maturing RES pipeline with ~0.9GW additional projects entering in the Under Construction stage

~85% of the capacity for 2027 target already secured

1. Including 35MW operating assets from the project Aegean, the acquisition of which is expected to be concluded in 2025.

Resilient retail position amid stable demand trends

-

Retail performance supported by strong positioning, new products, and Value Added Services

CB Churn rate by value segment B2C PPC GR, % Launches

Gas & VAS Penetration

FTTH retail launch leveraging on the fastest growing Fiber Network in Greece

Scaling up distribution networks investments with solid regulatory foundations in Greece & Romania

RES additions in the Distribution networks (MW)1

Higher additions recorded in Romania

Source: Company Information. 1. Actual figures for H1 2024 and provisional data for H1 2025.

ESG ratings improve, reflecting progress in sustainability and risk reduction

Konstantinos Alexandridis CFO

H1 2024 results | August 2024 Q1 May 2024

² Financial performance

Energy related commodity prices increased in H1 2025 amid continued volatility

TTF

• After a bullish trend in early Q1 2025, gas prices turned bearish due to weaker demand, warmer weather, U.S. tariffs and Russia-Ukraine peace talks.
• TTF prices rose in early May amid uncertainty over US tariffs and the future of Russian flows to Europe, the Israel-Iran conflict which threatened LNG supply security but eased as tensions subsided.
• Average TTF price in H1-25 was up by 39% y-o-y.

CO2

H1 2024

76.8

H1 2024 H1 2025

+6.8 (+10%)

72.6

65.8

33.8

154.9

J F M A M J

83.9

H1 2024 H1 2025

CO2 (€/tn) ²

60.9

H1 2025

109.7

+32.9 (+43%)

• Strong bullish start in 2025, but after mid-February, prices moved downward until mid-April due to new round of U.S. tariffs and gas price evolution.
• After mid-April, EUA prices began to rise again with some volatility, supported by the U.S.- Chinα tariff reduction agreement, Israel-Iran tensions and then dropped, closely tracking gas prices.
• Average EUA price in H1-25 was up by 10% y-o-y.

Day Ahead Market price

• In Jan. and Feb., European power prices rose, driven by higher gas and carbon prices. However, prices fell after mid-Feb. amid power demand drop, solar production increase and decrease in commodity prices.
• Weather variations caused spot price volatility from mid-Mar. to late-Apr. Prices rose in May, tracking TTF and EUAs, but stayed stable though elevated—in June despite geopolitical tensions, thanks to record RES output.
• H1 2025 results | August 2025 21 • In H1-25 the average DAM price in GR was up by 37% y-o-y, while in RO was up by 43% y-o-y.

Solid operational profitability for the first half of 2025

1. Analysis is provided in Alternative Performance Measures in the Appendix ΙΙ . 2. After Investments and Dividends. 3. For 2025, Leverage is based on LTM EBITDA as of June 2025

Revenue growth mainly driven by higher power prices in both Greece and Romania

Adj. EBITDA performance in growth trajectory despite seasonal delays

• Integrated business offsets lower profitability in the Distribution activity (mainly in Greece)
• International contribution in terms of EBITDA stands at 19% of the group's operating profitability in line with projected performance

Integrated Business remains strong in line with projections

Seasonal effects on Distribution, expected to normalize in H2 2025

Adj. Net Income increase driven by increased operating profitability

1. Analysis is provided in Alternative Performance Measures in the Appendix ΙΙ.

Investments acceleration with 90% directed to Distribution networks, Green Energy & Flexibility

FCF in line with projections

• Positive FFO as a result of:
  • Solid operational profitability
  • Seasonal effects in WC driven by CO2 payment and settlement of the Greek State advance payment

• FCF in line with projections, attributed to increased investments despite FFO performance

• Mainly relates to bad debt and Customer contributions for their connection to the Distribution network. 2. Net of subsidies. 3. Including the net acquisition cost of new entities

Liquidity position and debt profile

1. Excluding overdrafts / short term borrowings of € 650m

H1 2025 results | August 2025 30

Long Term debt1 - Analysis (€bn)

Weighted Average Cost of Debt

Weighted Average Cost of Debt keeps declining

Credit Ratings

BB- Stable Outlook (Apr 25')

• Re-affirmed PPC's rating at 'BB- in the context of the ongoing energy transition process, unaffected by the recent upgrade of Greece's sovereign credit rating from BBB- to BBB.
• An upgrade of PPC to 'BB' might result from Greece being further upgraded to 'BBB+', if all else is equal, or from changing the stand-alone credit profile from 'B+' to 'BB-'.
• Stable outlook reflecting expectations for PPC to continue to deliver on its strategic plan with solid liquidity, improved margins supported by an acceleration in renewables and high investments.

BB- Stable Outlook ( Mar 25' )

Re-affirmed PPC's rating at 'BB-' reflecting the gradual shift to a more balanced integrated model of generation and supply, increased low-cost renewables production and expanding regulated distribution.

Stable Outlook supported by PPC's leverage headroom and management's strong commitment to prioritize financial strength.

Strong Balance Sheet to support growth and significant investments

Key highlights

• Net debt increase in line with acceleration in investments
• Net Leverage at 3.2x, below the self-imposed ceiling of 3.5x

• Net Leverage for YE 2025 projected to be below the 3.5x threshold

• LTM Jun. 2025 Adj. EBITDA stood at € 1.9 bn.

H1 2025 results | August 2025 31

2025 Guidance Reaffirmed

1. Analysis is provided in Alternative Performance Measures in the Appendix ΙΙ.

Georgios Stassis Chairman & CEO

H1 2024 results | August 2024 Q1 May 2024

Final Remarks and Conclusions 3

Combining a growth story with attractive shareholders remuneration

A new share buyback program up to 10% of share capital (incl. the ~5% already owned)

Concluding remarks

Delivering Resilient Growth advancing our Strategic Vision in line with our financial commitments

Appendix I: ΚPIs and operational data Α

H1 2025 results | August 2025 36

Further improvement in key strategic areas of our activities

PPC strategic pillars

Modernizing our networks

Customer centric retail services

Sustainability KPIs	H1 2025	Δ vs H1 20241
RES capacity	6.3 GW	+1.6 GW
RES capacity on total	50%	+9.6 p.p.
RES production	3,143 GWh	+48 GWh
RES production on total	32%	-1.0 p.p.
CO emissions intensity (Scope 1) 2	0.49 tCO /MWh 2	+4%
CO emissions (Scope 1) 2	4.8 MtCO 2	+0.4 MtCO 2
SAIDI (Greece/Romania)2	58/36 mins	-1/-1mins
SAIFI (Greece/Romania)2	0.72/0.96	-0.06/-0.19
Total network length (Greece/Romania)	253/135 k km	+3/+1 k km
Online penetration/myPPC app (Greece)	33.5%	+2.8 p.p
Online penetration/myPPC app (Romania)	64%	+3.9 p.p
Charging points installed (Greece & Romania)	3,509	+813

1. H1 2024 performance based on actual figures . 2. Actual figures for H1 2024 and provisional data for H1 2025.

ESG Ratings

ESG ratings keep improving driven by Business Plan implementation and continuous engagement with all ESG rating agencies.

57

91

[0 - 100]

[0 – 100]

Overview of PPC's Asset Portfolio (Greece)

Notes: 1. Including Large Hydro. 2. Including 35MW operating assets from the project Aegean, the acquisition of which is expected to be concluded in Q3 2025. 3. Only for NII. 4. Excluding generation from PPC's participation in JVs.

Overview of PPC's Asset Portfolio (Romania)

Source: Company Information.

Overview of PPC's Asset Portfolio (Bulgaria)

Source: Company Information.

Appendix II: Definitions and reconciliations of Alternative Performance Measures ("APMs") A

H1 2025 results | August 2025 42

Definitions and reconciliations of Alternative Performance Measures ("APMs") (1/2)

EBITDA (Operating income before depreciation and impairment net financial expenses and taxes)

EBITDA serves to better analyze the Group's operating results and is calculated as follows: Total turnover minus total operating expenses before depreciation amortization and impairment. Calculation of EBITDA is presented in Table A.

Operating expenditure before depreciation and impairment without special items

This measure is calculated by subtracting the special items mentioned in the Adjusted EBITDA note below from the figure calculated for operating expenses before depreciation and impairment in the EBITDA measure. It is presented in Table B.

Adjusted EBITDA (Operating income before depreciation and impairment net financial expenses and taxes)

Adjusted EBITDA serves to better analyze the Group's operating results excluding the impact of special items. For the six-month period ended 30.06.2024 the special item that affected Adjusted EBITDA was loss from valuation of electricity purchase and sale contracts of €48 million (negative impact) for the Group. For the six-month period ended 30.06.2025, the special items that affected the Adjusted EBITDA are the following: a) a provision for allowance for employees' severance payments amounting to € 23 million for the Group (negative impact) and b) the valuation of electricity purchase and sale contracts amounting to € 27 million for the Group (positive impact). Adjusted EBITDA is presented in Table C.

Adjusted net income/(loss)

This Index serves to better analyze the results of the Group, excluding the effect of special items and the calculated tax on them. Furthermore, concerning the Group, the Impairment loss on assets and the calculated tax on them has been excluded for the six-month period ended 30.06.2024 and 30.06.2025. In addition, for the six-month period ended 30.06.2025 for the Group, the Depreciation from revaluation of fixed assets, Foreign exchange (gains)/ losses on loans and borrowings, Gain from remeasurement of investment in associate, Bargain gain from subsidiaries acquisition and the tax on all of them has been excluded. The calculations are presented in Table D.

Definitions and reconciliations of Alternative Performance Measures ("APMs") (2/2)

Adjusted net income/(loss) after minorities

Adjusted net income/(loss) after minorities serves to better analyze the results of the Group, excluding the effect of minorities, and minorities on special items. The calculations are presented in Table E.

Adj. Earnings (Loss) Per Share

The adjusted earnings per share (Adjusted EPS) ratio reflects the Group's actual operating profitability per share, excluding extraordinary or non-recurring events, and is calculated as the quotient of adjusted net income divided by the weighted average number of shares. The calculation is presented in Table F.

Net debt

Net debt is an APM that Management uses to evaluate the Group's capital structure as well as leverage. Net debt is calculated by adding long-term loans the current portion of long-term loans and short-term loans and subtracting the total cash and cash equivalents restricted cash related to loan agreements and financial assets measured at fair value through other comprehensive income and adding the unamortized portion of loans issuance fees and loan amendments IFRS 9. Calculation of Net debt is presented in Table G.

TABLE A - EBITDA (Operating income before depreciation amortization and impairment net financial expenses and taxes)

	GROUP
Amounts in € m.	01.01-30.06.2025	01.01-30.06.2024
Total Turnover (1)	4,646	4,026
Less:
Operating expenses before depreciation and impairment (2):	3,646	3,147
Payroll cost	534	441
Merchandise	271	108
Lignite	(2)	13
Liquid fuels	301	297
Natural gas	462	380
Energy purchases	968	658
Materials and consumables	73	68
Transmission system usage	95	89
Distribution system usage	107	82
Utilities and maintenance	176	137
Third party fees	269	240
Emission allowances	333	362
Provisions/(reversal of provisions) for risks	(2)	6
Provisions for impairment of inventories	12	4
Provisions/(reversal of provisions) for expected credit losses	(42)	116
Other income	(90)	(34)
Οther expenses	181	179
EBITDA (Α) = [(1) - (2)]	1,000	879

TABLE B - Operating expenditure before depreciation and impairment without special items

	GROUP
Amounts in € m.	01.01-30.06.2025	01.01-30.06.2024
Operating expenses before depreciation and impairment (2) Less Special items:	3,646	3,147
Provision for employee severance incentive due to service termination	23	-
(Gain)/Loss from valuation of electricity purchase and sale contracts	(27)	48
Operating expenses before depreciation and impairment without special items	3,650	3,099

TABLE C – Adj. EBITDA (Operating income before depreciation and impairment net financial expenses and taxes)

	GROUP
Amounts in € m.	01.01-30.06.2025	01.01-30.06.2024
EBITDA (1)	1,000	879
Plus Special items (2):	(4)	48
Provision for employee severance incentive due to service termination	23	-
(Gain)/Loss from valuation of electricity purchase and sale contracts	(27)	48
Adj. EBITDA (3) = [(1)+(2)]	996	927

TABLE D – Adj. Net Income/(Loss)

	GROUP
Amounts in € m.	01.01-30.06.2025	01.01-30.06.2024
NET INCOME AFTER TAX (A) plus Special items (1):	148	189
(Gain)/Loss from valuation of electricity purchase and sale contracts	(27)	48
Provision for employee severance incentive due to service termination	23	-
plus other figures (2): Impairment loss on assets	1	1
Depreciation from revaluation of fixed assets	59	-
Foreign exchange losses on loans and borrowings	10	-
Bargain gain from subsidiaries acquisition	(2)	-
Gain from remeasurement of investment in associates	(6)	-
minus: Adjustments to tax for special items/Impairment loss on assets/ Depreciation from revaluation of fixed assets/Foreign exchange (gains)/ losses on loans and borrowings/Gain from remeasurement of investment in associates/Bargain gain from subsidiaries acquisition (3)	0.4	11
Adj. Net Income [(Α)+(1)+(2)-(3)]	206	228

TABLE E – Adj. Net Income/(Loss) after Minorities

	GROUP
Amounts in € m.	01.01-30.06.2025	01.01-30.06.2024
Adj. Net Income (Β)	206	228
minus:
Minorities (1)	21	64
Plus Adjustments to Minorities for Special items (2):
Gains from valuation of electricity purchase and sale contracts	15	16
Provision for employee severance incentive due to service termination	(5)	-
Adj. Net Income after Minorities [(Β)-(1)+(2)]	195	179

TABLE F – Adj. Earnings per share

	GROUP
	01.01-30.06.2025	01.01-30.06.2024
Adj. Net Income after Minorities (1) (Amounts in € m.)	195	179
Over:
Weighted average number of shares (2) (Amounts in m.)	347	362
Adj. Earnings per share [(3)=(1)/(2)] (Amounts in €)	0.56	0.50

TABLE G – Net Debt

		GROUP
Amounts in € m.	30.06.2025	30.06.2024	31.12.2024
Long-term borrowing	6,030	4,415	6,233
Current portion of long-term borrowing	1,096	1,264	699
Short-term borrowing	650	337	224
Cash and cash equivalents	(1,804)	(2,111)	(1,999)
Restricted cash	(133)	(153)	(163)
Financial assets measured at fair value through other comprehensive income	(0.3)	(0.3)	(0.3)
Unamortized portion of loans issuance fees and loan amendments IFRS 9	124	75	97
TOTAL	5,963	3,826	5,091

Glossary

Adj	Adjusted	FTSE	Financial Times Stock Exchange	PPC	Public Power Corporation
AI	Artificial Intelligence	FTTH	Fiber to the Home	PPCR	PPC Renewables
ANRE	Autoritatea Naţională de Reglementare în domeniul Energiei (Romania)	FY	Full Year	PSO	Public Service Obligations
APM	Alternative Performance Measures	Gbps	Gigabit(s) per Second	PV	Photovoltaics
ATHEX	Athens Stock Exchange	GHG	Greenhouse Gas	Q1	First Quarter
B2B	Business-to-business	GR	Greece	Q2	Second Quarter
B2C	Business-to-consumer	GW	Gigawatt	RAB	Regulated Asset Base
BESS	Battery Energy Storage Systems	GWh	Gigawatt hour	RES	Renewable Energy Sources
bn	Billion	H1	First Half	RO	Romania
BoD	Board of Directors	H2	Second Half	RON	Romanian Leu
BP	Business Plan	HENEX	Hellenic Energy Exchange	RRF	Recovery and Resilience Facility
CAGR	Compound Annual Growth Rate	HHs	Households	RTB	Ready-to-Build
CAPEX	Capital Expenditure	HV	High voltage	S&P	Standard & Poor's
CB	Customer base	ICE	Intercontinental Exchange	SAIDI	System Average Interruption Duration Index
CCGT	Combined Cycle Gas Turbine	ICT	Information and Communication Technology	SAIFI	System Average Interruption Frequency Index
CDP	Carbon Disclosure Project	IFRS	International Financial Reporting Standards	SBTi	Science Based Targets initiative
CEO	Chief Executive Officer	IRR	Internal Rate of Return		Scope 1 emissions Direct emissions made by sources a company owns or controls
CFO	Chief Financial Officer	ISO	International Organization for Standardization		Scope 2 emissions Indirect emissions from purchased electricity, steam, heat, and cooling
CMD	Capital Markets Day	JV	Joint Venture		Scope 3 emissions All other emissions associated with a company's activities
CO2	Carbon dioxide emissions	k	Thousands	SDGs	Sustainable Development Goals
COD	Commenced Date of Operations	km	Kilometers	SEE	South East Europe
CP	Charging Points	KPIs	Key performance indicators	SHPP	Small Hydro Power Plant
CSA	Corporate Sustainability Assessment	LNG	Liquefied Natural Gas	SLB	Sustainability Linked Bond
D&A	Depreciation & Amortization	LTM	Last twelve months	SoV	Share of Voice
DAM	Day Ahead Market price	m	Million	TCFD	Task Force on Climate-Related Financial Disclosures
DC	Data Center	Mkt.	Market	TELCO	Telecommunications
DPS	Dividend per Share	MW	Megawatt	ton	Tones
DSO	Distribution System Operator	MWh	Megawatt hour	TP	Tender Process
EBITDA	Earnings Before Interest, Taxes, Depreciation, and Amortization	NCI	Non-Controlling Interest	TTF	Title Transfer Facility
EEX	European Energy Exchange	ND	Net Debt	TWh	Terrawatt hour
EMC	East Med Corridor	NPS	Net Promoter Score	UC	Under Construction
EnMa	Energy Management	o/w	Of which	UHV SS	Ultra-high voltage substation
ESG	Environment Social Governance	OCGT	Open Cycle Gas Turbines	VAS	Value Added Services
ESMS	Environmental and sustainability management system	OPCOM	Romanian Electricity and Gas Market Operator	WACC	Weighted Average Cost of Capital
EU	European Union	Opex	Operating Expenses	WC	Working Capital
EUA	European Union Allowances	P&E	Permitting & Engineering	WP	Wind Parks
EV	Electric vehicle	PF	Pro Forma	WTG	Wind turbine generation system
FCF	Free Cash Flow	POD	Point of Consumption/Distribution	YE	Year End
FFO	Funds From Operations	PPA	Power Purchase Agreement	y-o-y	Year-over-year

Financial Times Stock Exchange
Fiber to the Home
Full Year
Gigabit(s) per Second
Greenhouse Gas
Greece
Gigawatt
Gigawatt hour
First Half
Second Half
Hellenic Energy Exchange
Households
High voltage
Intercontinental Exchange
Information and Communication Technology
International Financial Reporting Standards
Internal Rate of Return
International Organization for Standardization
Joint Venture
Thousands
Kilometers
Key performance indicators
Liquefied Natural Gas
Last twelve months
Million
Market
Megawatt
Megawatt hour
Non-Controlling Interest
Net Debt
Net Promoter Score
Of which
Open Cycle Gas Turbines
Romanian Electricity and Gas Market Operator
Operating Expenses
Permitting & Engineering
Pro Forma
Point of Consumption/Distribution
Power Purchase Agreement

	Public Power Corporation
R	PPC Renewables
	Public Service Obligations
	Photovoltaics
	First Quarter
	Second Quarter
	Regulated Asset Base
	Renewable Energy Sources
	Romania
œ	Romanian Leu
	Recovery and Resilience Facility
	Ready-to-Build
	Standard & Poor's
DI	System Average Interruption Duration Index
FI	System Average Interruption Frequency Index
ﺃ	Science Based Targets initiative
pe 1 emissions	Direct emissions made by sources a company owns or controls
pe 2 emissions	Indirect emissions from purchased electricity, steam, heat, and cooling
pe 3 emissions	All other emissions associated with a company's activities
ેડ	Sustainable Development Goals
	South East Europe
P	Small Hydro Power Plant
	Sustainability Linked Bond
	Share of Voice
-D	Task Force on Climate-Related Financial Disclosures
CO	Telecommunications
	Tones
	Tender Process
	Title Transfer Facility
a	Terrawatt hour
	Under Construction
ે રેટ	Ultra-high voltage substation
	Value Added Services
CC	Weighted Average Cost of Capital
	Working Capital
	Wind Parks
G	Wind turbine generation system
	Year End
-y	Year-over-year

Financial Calendar – IR Contacts

What's next?

Date	Event
04.11.2025	Announcement of the 9M 2025 financial results
Date to be announced	Capital Markets Day

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