Income Statement

for the financial year ended 31 December 2025

	Notes	2025 €’000	2024 €’000
Continuing operations
Revenue	2	1,837,389	1,606,044
Operating costs	3	(1,155,544)	(1,036,931)
Impairment of trade receivables	3	(32,452)	(19,525)
Operating profit before finance cost, tax, depreciation and amortisation (EBITDA) and exceptional items		649,393	549,588

Exceptional item - grant income for new connection customer refunds	25	170,346	82,475
Exceptional item - grant expense for new connection customer refunds	25	(170,346)	(82,475)
Exceptional item - net grant income/(expense)		-	-

Depreciation and amortisation	5	(242,034)	(217,161)
Operating profit		407,359	332,427

Finance income	6	6,349	5,204
Finance costs	6	(17,499)	(16,527)
Net finance costs		(11,150)	(11,323)

Profit before income tax		396,209	321,104

Income tax	7	(51,126)	(42,499)
Profit for the year		345,083	278,605