Bucharest Stock Exchange-listed Transgaz reports 40% lower net profit

14 August 2026 Romanian majority state-owned and BVB-listed gas transmission operator Transgaz (BVB: TGN) reduced its net profit by more than 40% in the first half of this year, from RON 519 million in the same period last year to RON 303 million, as a result of declining revenues and increasing operating expenses, according to a new report. Revenues from operating activity recorded a decrease of 4% compared with last year, respectively a decrease of RON 61 million, while operating expenses increased by 13%. Consolidated gross profit of the Transgaz group recorded a decrease of RON 235 million, and the consolidated net profit recorded a decrease of RON 215 million. At the same time, revenues from the operating activity of the subsidiaries in the Republic of Moldova recorded an increase of