Electro-Alfa International, a 100% Romanian-owned company with over 34 years of experience, announces its intention to launch an Initial Public Offering (IPO) of up to 65,990,507 newly issued shares, representing approximately 35% of the total number of issued shares, as part of a share capital increase. The offering will be conducted following the approval of the Prospectus by the Financial Supervisory Authority (ASF). Upon completion, the Company will apply for the admission of its shares to trading on the regulated market managed by the Bucharest Stock Exchange (BVB). The transaction intermediaries are SSIF Swiss Capital S.A. and UniCredit Bank S.A.

"The listing of Electro-Alfa International marks a new stage in the company's evolution and confirms the maturity of our business model. Over three decades, we have built a strong Romanian company with integrated capabilities and recognized expertise in energy infrastructure. Listing on the Bucharest Stock Exchange will allow us to accelerate investments, strengthen our presence in foreign markets, and continue our sustainable development for the benefit of our clients, employees, and future investors," stated Gheorghe Ciubotaru, Founder and Chairman of the Board of Directors of Electro-Alfa International.

Electro-Alfa International is one of the top three electrical equipment manufacturers in Romania, with an estimated market share of 32.49% in 2024, and boasts over 34 years of experience in developing solutions for energy and industrial infrastructure. The company operates an integrated "one-stop-shop" model—from design and production to installation, commissioning, and maintenance—covering the entire value chain in low and medium voltage electrical equipment, as well as complex EPC (Engineering, Procurement, and Construction) projects. The Company operates four modern production units in Botoșani, spanning over 25,000 sqm, and has developed a solid portfolio of projects in energy, infrastructure, and industry, including international partnerships.

For the end of the 2025 financial year, Electro-Alfa International estimates revenues of over RON 800 million, EBITDA of over RON 100 million, and a gross profit of approximately RON 100 million; it should be noted that these represent estimated, unaudited, and unreviewed financial information.

In 2024, Electro-Alfa International recorded revenues of RON 648.4 million, compared to RON 435.8 million in 2023 and RON 259.2 million in 2022, corresponding to a compound annual growth rate (CAGR) of approximately 58.2% for the 2022–2024 period. Net profit in 2024 was RON 57.4 million, up from previous years (RON 20 million in 2022 and RON 37.8 million in 2023). EBITDA rose to RON 76.7 million in 2024, compared to RON 51.6 million in 2023 (representing a 48.7% increase) and RON 31.4 million in 2022. This evolution was supported by both increased volumes in the electrical equipment production segment and the expansion of EPC services, including in international markets.

The offering provides for the distribution of shares to institutional and retail investors. The launch of the offering is subject to the approval of the Prospectus by the ASF and the fulfillment of all applicable legal and corporate requirements. Full details of the offering will be published following the approval of the Prospectus.

The Company's shareholding is currently 80% owned by Gheorghe Ciubotaru and 20% by Electro-Alfa Management SRL.

About Electro-Alfa International

Electro-Alfa International is a 100% Romanian-owned company, recognized as one of the major players in the field of medium and low voltage electrical equipment, EPC (Engineering, Procurement, Construction) works, and energy efficiency solutions. With over 34 years of experience and a constant commitment to R&D, digitalization, and innovation, Electro-Alfa International is actively involved in modernizing critical infrastructure in fields such as energy distribution, rail transport, the nuclear industry, and renewable energy. The company owns four modern production units with a total area of 25,000 sqm, its own R&D center, and collaborates with over 500 national and international clients. By integrating production, engineering, and execution processes, Electro-Alfa is a trusted partner for major impact projects within the European energy infrastructure. Read more about us

Legal Disclaimer

This announcement does not represent an offer to sell securities in the United States. The securities referred to in this press release have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States. There will be no public offering of securities in the United States.

In member states of the European Economic Area (other than Romania), this communication is directed only at persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (Regulation (EU) 2017/1129). This communication is not an advertisement within the meaning of the applicable implementation measures of the EU Prospectus Regulation. In accordance with the requirements of Directive 2014/65/EU, the information contained in this communication is addressed exclusively to eligible and professional counterparts, regardless of distribution channels.

Electro-Alfa International has not authorized any public offering of securities in any Member State of the European Economic Area other than Romania. In relation to each Member State of the European Economic Area other than Romania that has implemented the EU Prospectus Regulation (each, a "Relevant Member State"), no action has been or will be undertaken to make a public offer of securities requiring the publication of a prospectus in a Relevant Member State. Consequently, securities may only be offered in Relevant Member States to a legal entity that is a qualified investor as defined in the Prospectus Regulation; to fewer than 150 natural or legal persons for each Relevant Member State (other than qualified investors), subject to obtaining the prior consent of the Coordinating Intermediaries for any such offer; or in any other circumstances falling under Article 1(d) of the EU Prospectus Regulation, provided that no such offer of securities shall require Electro-Alfa International, its shareholders, or any of the Coordinating Intermediaries to publish a prospectus pursuant to Article 3 of the Prospectus Regulation or a supplement to the prospectus pursuant to Article 23 of the Prospectus Regulation.

This announcement does not constitute an Offer announcement, an advertisement, or a prospectus for the purposes of Romanian securities legislation and does not constitute or form part of any offer or invitation to sell, nor is it a solicitation or offer to buy or subscribe for any Offered Shares or other securities, nor shall it (in whole or in part) or its distribution form the basis of, or be relied on in connection with, any contract. The offer and distribution of this announcement and other information in connection with the Offering in certain jurisdictions may be restricted by law. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The information contained in this announcement is for general information purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, completeness, or correctness. The information in this announcement is subject to change. Any purchase of Offered Shares in the Offering by an investor must be made solely on the basis of the information contained in the Prospectus to be published by Electro-Alfa International. This announcement may include "forward-looking statements." These statements are identified by terminology such as "believes," "estimates," "plans," "projects," "anticipates," "expects," "intends," "may," "will," or "should." Forward-looking statements may, and often do, differ significantly from actual results.

The timing of the Offering may be influenced by various circumstances, such as market conditions. There is no guarantee that the Offering will take place, and you should not base your financial decisions on the intentions of ELECTRO-ALFA INTERNATIONAL S.A. at this stage. Investing in the securities referred to in this announcement may expose an investor to a significant risk of losing all or part of the amount invested. This announcement does not constitute a recommendation regarding the Offering. Past performance cannot be relied upon as a guide to future performance.

S.S.I.F. SWISS CAPITAL S.A. and UNICREDIT BANK S.A. are acting exclusively for ELECTRO-ALFA INTERNATIONAL S.A. and no one else in connection with the Offering. The approval of the Prospectus does not constitute a guarantee or assessment by the ASF regarding the profit or risks involved in accepting the Offering; the approval only certifies the Prospectus's compliance with legal requirements.