REE – 1Q/2025 Brighten business results with hydroelectric recovery
• In Q1/2025, REE's revenue and net profit after tax – minority interest (NPATMI) increased by 13% and 27% YoY, respectively.• The recovery of Hydroelectric output (+30% YoY) was the main reason for the sharp increase in EBITDA of the energy segment (+74% YoY).
• NPATMI in the mechenical and engineering and real estate segments decreased by 21% and 22% YoY, respectively, due to the impact of interest expenses, warehousing fees and depreciation costs of Etown 6 projects.
• Revenue from the water and environment segment increased 10 times YoY, but high depreciation costs caused NPATMI to be flat (-1% YoY).
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