PannErgy Nyrt./FtPANNERGY

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About PannErgy Nyrt.

PannErgy Nyrt. is a Hungary-based company specializing in renewable energy production, with a primary focus on geothermal energy. The company engages in the development and operation of geothermal power plants and district heating projects, aiming to provide sustainable and environmentally friendly energy solutions. PannErgy is headquartered in Budapest, Hungary, and has strategically positioned itself to leverage the country’s geothermal resources. Its business model centers on the extraction and utilization of geothermal heat to supply thermal energy to various industrial and residential clients, thereby contributing to regional energy efficiency and sustainability. The company's competitive strength lies in its commitment to renewable energy and its ability to reduce carbon emissions through innovative geothermal technologies.

Ticker

FtPANNERGY
Sector

Primary listing

BUX

Employees

13

Headquarters

Budapest, Hungary

PannErgy Nyrt. Metrics

BasicAdvanced
Ft 24.74B
25.12
Ft 72.66
0.13
-

Bulls say / Bears say

Record Q1 heat sales drive growth: PannErgy sold 670,828 GJ of geothermal heat in Q1 2025, exceeding its target by 2.6% and prior-year volume by 3.8%, underpinned by the ramp-up of a new third production well in Miskolc and reinforcing revenue outlook (MarketScreener)
Strong Q2 performance sustains guidance: In Q2 2025 heat sales surpassed both the quarterly target by approximately 8.3% and base period sales by about 10.9%, enabling PannErgy to reaffirm its full-year 2024 EBITDA guidance of HUF 4,000–4,150 million (MarketScreener)
Tariff uplift to bolster margins: Regulated heat supply tariffs effective October 1, 2025, rose by over 4.4% in Miskolc (from HUF 881 to HUF 920/GJ) and supplier base tariffs increased sharply, enhancing revenue per unit and supporting margin expansion (MarketScreener)
Revocation of Budapest exploration licence: Hungary’s Supervisory Authority for Regulated Activities designated Budapest’s thermal springs as a closed concession area, revoking PannErgy’s exploration permit and delaying its potential geothermal expansion near the capital (MarketScreener)
Regulatory ‘Transition Effect’ dents H1 profitability: PannErgy’s H1 2025 net profit fell 49% to HUF 353 million and EBITDA declined 12% to HUF 1,672 million due to provisioning and accrual adjustments under new district heating price regulations (MarketScreener)
Technical setbacks at Győr: In Q1 2025 the Győr geothermal system sold 332,706 GJ of heat, 8.6% below the prior year period because of temporary technical issues, highlighting operational reliability risks (MarketScreener)
Data summarised monthly by Lightyear AI. Last updated on 24 Oct 2025.

PannErgy Nyrt. Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by Budapest Stock Exchange.

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