NET4GAS Increased Profit Last Year Thanks to One-Off Effects and Transit Recovery

NET4GAS, the gas transmission system operator in the Czech Republic, today published the Consolidated Annual Report of the NET4GAS Group for 2025. The past year brought the Company a significant strengthening of financial stability, a strategic restart of international transit, and confirmation of the key role of Czech gas infrastructure in the European energy system.

"The year 2025 confirmed that the Czech gas transmission system holds a firm position in the European energy architecture. We managed to significantly reduce indebtedness, transit flows recovered, and at the same time we made progress in preparing the Company for a low-emission future – whether in terms of the new corporate strategy, hydrogen projects or strengthening security of supply. These results are proof of the resilience of our infrastructure and the professionalism of our people," says Michal Slabý, Executive of NET4GAS.

The year 2025 was a turning point for NET4GAS in several respects. A fundamentally positive signal was the significant recovery of international gas transit through the Czech Republic. While in 2024 transit had virtually ceased, in 2025 it increased to 1.3 billion m³. Flows towards Poland and Slovakia increased significantly, among other reasons in connection with the termination of Russian gas transit through Ukraine. The total volume of gas transmitted reached 11.2 billion m³, representing a year-on-year increase of more than 2.5 billion m³.

In 2025, the NET4GAS Group achieved total revenues of CZK 6.5 billion, operating profit of CZK 3.1 billion and net profit after tax of more than CZK 2 billion, while the financial result for 2025 is also affected by specific items. These effects, in particular foreign exchange differences and derivative revaluations, but also selected revenue items subject to regulatory adjustments, total in the range of CZK 0.9 to 1.4 billion and will lead to a substantial reduction in profit in the coming years. Capital expenditures amounted to CZK 715 million.

At the same time, the Company carried out a two-phase debt reduction of approximately CZK 9.7 billion, thereby reducing total interest-bearing debt by nearly 30%. This step was also recognised by the market – in December, the rating agency Fitch Ratings upgraded the Company's credit rating by two notches to BBB+ with a stable outlook and the rating of its bonds to A-. This represents the highest level of NET4GAS rating since 2014.

In 2025, a new corporate strategy was also approved, responding to the transformation of the energy environment and clearly defining the role of NET4GAS in the era of decarbonisation. The Company continued to prepare for the future transport of hydrogen through four international corridors. Two of them – the Central European Hydrogen Corridor (CEHC) and the Czech–German Hydrogen Interconnector (CGHI) – were included in the EU list of Projects of Common Interest in December 2025. Internal analyses also confirmed that the existing gas infrastructure, with minor modifications, will be usable for the transport of hydrogen as well.

An important milestone in the area of security of supply was the completion of the first phase of the Reverse Flow project at the Cieszyn border interconnection point, which enables the physical transport of gas from Poland to the Czech Republic and strengthens energy security, in particular in the region of Northern Moravia. In the area of price regulation, the new Price Regulation Methodology for the period 2026–2030 was issued, creating a predictable framework for the Company's operations over the next five years.

The Consolidated Annual Report of the NET4GAS Group for 2025 and the Consolidated Sustainability Report is available on the NET4GAS website in both Czech and English.