Hidroelectrica (BVB: H2O), the largest state-owned company in Romania with a market capitalisation of RON 80 billion (EUR 15.4 billion), announced its net profit surged by 2.2 times y/y to RON 1.31 billion (EUR 250 million) in the first three months of the year (Q1) after its revenues increased by 67%, to RON 3.13 billion. The main drivers behind the robust growth were better hydraulicity and the expansion of direct sales. EBITDA margin reached 55%, compared to 46% in Q1 2025, and net margin reached 42%, compared to 32%, Ziarul Financiar reported.