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    Independent Power Producers
Admie Holding S.A.

Admie Holding S.A.

ADMIE.AT
Admie Holding S.A.GR flagAthens Stock Exchange
4.71
EUR
+0.21
- -
1.09BMarket Cap
Admie Holding S.A.
ADMIE.AT
(Athens Stock Exchange)

Recent

price

4.71

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
5.09
3.29
2.71
2.32
1.27
1.69
2.02
- -
2.14
Revenue per Share
0.1
0.35
0.46
0.37
0.3
0.25
0.53
0.64
- -
0.61
Basic EPS, GAAP
-0.01
-0.85
0.69
0.58
-0.95
-0.43
-1.2
-1.89
- -
-0.14
Free Cash Flow per Basic Share
- -
0.1
0.18
0.22
0.18
0.15
0.13
0.25
- -
- -
Dividend per Share
2.22
1.64
1.91
2.06
2.18
2.72
3.12
3.51
- -
3.57
Book Value per Share
2.24
4.44
5.72
5.86
6.03
5.26
5.66
6.03
- -
6.26
Tangible Book Value per Share
232
232
232
232
232
232
232
232
- -
232
Basic Weighted Avg Shares
- -
1,181
763
630
538
295
392
469
457
495
Sales/Revenue/Turnover
- -
8.2
17.85
17.81
15.73
26.39
42.23
44.39
39.27
39.95
Operating Margin (%)
- -
76
80
98
114
118
118
117
124
119
Depreciation Expense
23
82
106
85
69
58
122
148
125
142
Net Income, GAAP
- -
21.32
22.88
26.15
13.36
24.26
23.19
24.55
23.77
24.85
Effective Tax Rate (%)
- -
6.96
13.84
13.49
12.9
19.76
31.2
31.64
27.35
28.72
Profit Margin (%)
-1
482
288
240
154
82
-59
-80
-196
-51
Working Capital
- -
625
540
722
831
929
1,104
1,169
1,364
1,299
LT Debt
519
1,031
1,330
1,365
1,405
1,225
1,320
1,411
1,529
1,466
Total Equity
- -
6.81
5.71
4.03
3.32
2.65
5.41
6.03
4.71
5.2
Return on Invested Capital (%)
- -
12
10.75
8
6.27
4.71
7.8
8.15
5.67
7.44
Return on Capital (%)
- -
18.38
25.63
18.45
14.12
10.24
18.06
19.33
14.72
19.51
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
106
- -
173
LT Borrowings
1,165
- -
1,291
LT Finance Leases
4
- -
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
232
- -
232
Market Capitalization
598
674
735

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
398
- -
447
Cash, Cash Equivalents & STI
231
- -
276
Accounts Receivable, Net
56
- -
64
Inventories
24
- -
27
Total Current Liabilities
478
- -
498
Payables & Accruals
- -
- -
- -
ST Debt
106
- -
173
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
2.62%
8.36%
Free Cash Flow
- -
-18.18%
-8.27%
Net Income, GAAP
- -
16.24%
-15.85%
Sales/Revenue/Turnover
- -
-1.95%
-2.68%
Total Cash Common Dividend
- -
14.85%
24.9%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
110
202
45
112
469
2025
112
227
- -
- -
457
2026
133
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
- -
- -
- -
0.64
2025
0.17
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.25
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Admie Holding S.A. operates as a holding company primarily engaged in the electricity transmission sector in Greece. It controls, maintains, and develops the national electricity transmission system through its majority ownership (51%) of the Independent Power Transmission Operator (IPTO S.A.). The company’s core offerings include electricity transmission system operation, infrastructure development, maintenance services, transmission system data and performance reporting, and tariff management for new grid connections. Admie Holding conducts substantial investments in modernizing and expanding the electricity grid to support Greece’s energy transition and enhance supply security. Founded in 2017 and headquartered in Athens, Greece, Admie Holding operates primarily in the Greek market, overseeing strategic projects such as the Crete-Peloponnese interconnection and the Ariadne Interconnection project connecting Greece with Italy. Its subsidiaries include Ariadne Interconnection Single Member S.p.S.A., Grid Telecom S.M.S.A., and Great Sea Interconnector S.M.S.A., underpinning specialized infrastructure ventures. The company’s recent strategic changes include the sale of a 20% minority stake in Ariadne Interconnection Single Member S.p.S.A. to State Grid International Development Belgium Ltd for €62 million, finalized in 2024. Additionally, it signed landmark agreements to advance major energy projects that enhance cross-border interconnections and electricity transmission capacity, aligning with its €5.4 billion investment program through 2030 focused on sustainable and reliable energy infrastructure development. Admie Holding’s business model centers on energy transmission system operation and development in the electrical utilities industry, targeting electricity suppliers, grid users, and regulatory bodies in Greece and broader Europe. Its strategic initiatives exhibit a shift towards green energy projects and international grid connections, positioning it as a key facilitator in the European energy transition landscape. The company maintains a strong financial profile with expanding revenue and investment in innovative infrastructure, serving as a backbone for the national electricity network and cross-border energy integration in Southeast Europe.