ADMIE Holding
ADMIE Holding (ADMIE) closed at €4.175 on 26/10/2026, +0.12% on the day. Market cap €1.5bn, P/E 13.3, dividend yield 0.47%.
Key statistics
12 months to Jun 2026 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €1.5bn
- Enterprise valueJun 2026est.
- €1.4bn
- Shares outstandingJun 2026
- 362.6m
- Employees
- 13
- Free floatest.
- 48.9%
- Traded a day, 3-month average
- €2.2m
Valuation
12 months to Jun 2026- P/E
- 13.3×
- P/B
- 1.1×
- Dividend yield
- 0.5%
Returns
12 months to Jun 2026- ROE
- 5.5%
- ROE, 5-year averageFY2021–25
- 7.2%
Financial health
Jun 2026- Net debt
- −€66m
Growth
- EPS, last yearFY2025
- −16.0%
- EPS, last halfH1 2026
- +29.3%
- EPS, 3 yearsFY2022–25, a year
- +29.2%
- Shares, 3 yearsFY2022–25
- +0.0%
Dividends
FY2025- Yield, last 12 months
- 0.5%
- Per share
- €0.140
- Payout
- 51.5%
- Years paid, last fiveFY2021–25
- 5
Withheld, and why
- Profile: Revenue · Valuation: EV/Sales, EV/EBITDA, P/FCF · Margins · Returns: ROCE, ROIC, Tax rate · Financial health: Net debt ÷ EBITDA, Interest cover · Growth: Revenue, last year, Revenue, last half, Revenue, 3 years, Revenue, 5 years · Dividends: Covered by free cash flow · its own statements equity-account its 51% of IPTO, so their revenue is a share of IPTO's profit: no margin, sales or EBITDA multiple or cash-flow figure describes it
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- +39.8%
- 3 years, a year
- +33.8%
- 5 years, a year
- +18.2%
- Volatility, 1 year
- 29.6%
- Beta to the General Index
- 0.68×
- Deepest fall, 1 year / 5 years
- −18.0% / −30.3%
- 52-week range
- €2.765–€4.90
Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.
Financial charts
From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements
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Valuation
no like-for-like peer| Metric | ADMIE |
|---|---|
| P/E | 13.3 |
| P/B | 1.1 |
| Dividend yield | 0.5% |
| Payout ratio | 51.5% |
| ROE | 5.5% |
| Net debt | −€66.0m |
Peers: Power grids
No other company listed in Athens runs this business; related ones can be ticked in.
The company
AI-draftedAn Athens-listed holding company whose only asset is 51% of IPTO, the sole operator of the Greek electricity transmission system. Its income is its share of IPTO's profits, which the regulator RAAEY sets on IPTO's regulated asset base and collects through transmission charges on electricity suppliers. The Greek State controls 51.12%.
- 23/09/2026H1 2026 results were published; the board approved a €0.05-per-share FY2026 interim dividend.11,12,13
- Aug 2026Agreement for Meridiam to become majority shareholder of the Great Sea Interconnector, with IPTO staying a strategic shareholder.9
- Jul 2026The Corinth-Kos HVDC link entered construction and the Southern Cyclades interconnection was completed.4
- Jun 2026A €530m capital increase of 130,864,197 new shares at €4.05; demand covered the target 6.6 times.7,6
- Feb 2026IPTO's general meeting approved a €1.0bn share capital increase for the 2026-2029 plan.5
- Jun 2025Sale of 20% of Ariadne Interconnection to State Grid for €62m, a €20.2m gain for the Group.3
- At 30 June 2026 the listed holding had €1,354.1m equity, €66.0m cash and no bank debt; IPTO Group separately had €2,555.6m equity and €1,570.2m borrowings.11,12
- The State, through DES ADMIE, controls 51.12%; shares outstanding are 362,864,197 after the capital increase.1,8
- IPTO is owned 51% by the company, 25% by DES ADMIE and 24% by State Grid Europe.5
- A capex programme of about €6bn for 2026-2029, targeting a doubling of RAB to about €7bn by 2029.4
- IPTO guidance for 2026: EBITDA of €350-380m and net profit of €165-185m.4
- 1.Annual Financial Report 2025ADMIE (IPTO) Holding S.A. · 07/04/2026official
- 2.Financial results for the fiscal year 2025ADMIE (IPTO) Holding S.A. · 07/04/2026official
- 3.Annual Financial Report 2025 of IPTO GroupIPTO S.A. · 07/04/2026official
- 4.Investor presentation, Infrastructure Energy and Defence Conference MilanADMIE (IPTO) Holding S.A. · 02/09/2026official
- 5.Information DocumentADMIE (IPTO) Holding S.A. · 16/06/2026official
- 6.Announcement regarding the outcome of the combined offeringADMIE (IPTO) Holding S.A. · 23/06/2026official
- 7.Offering price and final number of the new sharesADMIE (IPTO) Holding S.A. · 19/06/2026official
- 8.Number of voting rights and share capitalADMIE (IPTO) Holding S.A. · 23/06/2026official
- 9.Notification regarding the Great Sea Interconnector special purpose vehicleADMIE (IPTO) Holding S.A. · 06/08/2026official
- 10.Dividend payment historyADMIE (IPTO) Holding S.A. · 24/09/2026official
- 11.Interim Financial Report H1 2026ADMIE Holding · 23/09/2026official
- 12.Interim Financial Report H1 2026, IPTO GroupIPTO S.A. · 23/09/2026official
- 13.Financial results H1 2026ADMIE Holding · 23/09/2026official
- 14.Payment of remaining dividend 2025ADMIE (IPTO) Holding S.A. · 17/07/2026official