Alteo Plc.’s revenue exceeded HUF 125 billion in 2025, up 19% from the previous year, the energy services and trading company told MTI.
According to the statement, revenue increased across all of Alteo’s business areas last year. The largest rise came in the circular economy segment, as the results of the acquisition completed on June 30 — Alteo Circular Ltd. (formerly Éltex Ltd.) and its subsidiaries — were already reflected in the company’s second‑half figures. The growth was also supported by the company’s Algyő solar project development for MOL, commissioned at the end of 2024, and by movements in global electricity prices. Revenue growth was partially offset by price declines in the market for system‑level services.
EBITDA of HUF 16.4 billion (earnings before interest, taxes and depreciation) fell short of the record levels seen in previous years. Narrowing margins in the energy production and management segment amid intensifying competition contributed to this, to which Alteo is responding with efficiency measures and by building a portfolio that better serves new market needs. Results were also moderated by costs related to strategy implementation, including integration expenses arising from the completed acquisition in the circular economy segment, the company said.
Beyond the acquisition in the circular economy segment, the company said it took a number of other strategically significant steps in 2025. It continued its largest greenfield investment to date, which will expand its storage capacity by 70 megawatts (MW). Through modernization, capacity‑expanding investments and acquisitions, it developed its gas‑fired power plant portfolio, bringing total capacity to 73 MW, and it also acquired a project company owning an early‑stage wind farm project. Alteo commissioned an automated waste‑processing production line and started work on two further lines at Alteo Circular Ltd.’s sites.
The statement quoted Attila Chikán Jr., CEO and chairman of Alteo, saying the company achieved a step change in scale in the circular economy through one of the largest acquisitions in its history. He added that they strengthened their energy business through further acquisitions, own investments and strategically important agreements, and that they are exploring numerous foreign business opportunities to enter regional markets.
Source: MTI