Enexus ended 2025 with a turnover of 50.7 million euro, a net profit of 15.7 million euros as well as a pre-tax, depreciation and amortization (EBITDA) of 18.3 million euro and a profit margin of 30%, according to the EPC company.
The results mark the consolidation of a business model built around the integrated execution of energy projects, in a year in which the company doubled its team and continued to attract international investors to the Romanian market.
At the end of 2025, Enexus had 15 PV parks completed and maintained a track record of 100% completion rate of contracted projects.
“Renewable energy has entered a stage where it matters who builds MW and with what EPC. In recent years we have seen more and more investors looking for partners capable of transforming the opportunity into a functional, connected and profitable asset. For us, 2025 was the year in which we intensively promoted energy diplomacy through which we brought Romania to the attention of investors and attracted serious capital that we anchored in quality projects”, says Mesut Güler, CEO of Enexus.
The Enexus model covers the entire life cycle of an energy project: from opportunity identification and investment structuring, to authorisation, EPC execution, grid connection and long-term operation. The company attracts international capital, especially from Turkey and Central Europe, and turns it into bankable and executable projects in the local market. Most of the investors who developed a first project with Enexus later returned to expand their portfolios with new, higher value energy projects or to invest in other potential areas.
In 2025, the company’s team grew from 20 to more than 50 specialists, and EPC activities continued to represent the main revenue driver, complemented by engineering, procurement, operation and asset management services.
Last year also marked the development of Enexus’ energy investment dialogue initiatives, through BESCA (Association for Cooperation and Sustainability in Energy in the Black Sea area) and through regional events dedicated to investors. These steps contributed to attracting international capital capable of accelerating the transition to a sustainable and safe model that would ensure the energy independence of the Black Sea region.
Enexus enters 2026 with the largest portfolio in the company’s history. Currently, 210 MW are under actual construction on active construction sites in Romania, and the company has contracted an additional 195 MW pipeline with an estimated value of approximately 150 million euros.
“The 2025 results show a year of commercial, financial and operational maturity. We have managed a significantly higher volume of projects, expanded the team and invested in internal processes and systems without affecting financial performance. This gives us a solid foundation for the next phase of development, where we expand beyond EPC to network integration infrastructure, storage and own investments. For us, sustainable growth means the ability to turn today’s opportunities into performing assets and profitable in the long term both for Enexus and for our investors”, says Iulia Meiroșu, Enexus CFO.
In 2026, the company expands its business model beyond the traditional EPC area, through three strategic directions.
The first is the development of own competences in grid infrastructure and HV/MV substations. As the market enters a time where system integration is becoming as important as the installation of new capacity, Enexus is investing in the design and delivery of connection infrastructure as an integrated part of EPC contracts.
The second strategic direction is the orientation towards utility-scale projects of 20-100 MW with integrated storage, all projects contracted for 2026 already including BESS systems, either in the initial phase or in a later stage of development. For investors, storage becomes critical to bankability, revenue optimization and long-term asset performance.
The third direction is the entry of Enexus into the role of investor. The company has in various phases of development several projects in which it will hold direct shares, individually or in joint venture partnerships, thus extending the integrated model from development and construction to investment and capitalization of own assets.
“In the first stage of the market, those who could build won. In the next stage, those who think in <system> logic will win. Today, we look at energy through the lens of grid integration, storage, flexibility and long-term asset performance. That is why Enexus evolves with the market. We continue to develop and build projects for investors, but we are also starting to build our own portfolio of assets. At the same time, we invest in processes, digitalization and technical expertise, because the future belongs to companies that can deliver functional and profitable energy infrastructure”, adds Alina Ștefan, Commercial Director of Enexus.
Through these directions, Enexus aims to consolidate its position as an integrated platform for the development and implementation of renewable energy projects in Romania and the region.
