Germany · Delayed Price · Currency is EUR Uniper SE Earnings Call Transcripts
Fiscal Year 2025
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2025 earnings normalized after two exceptional years, with solid liquidity, reduced risk, and a return to dividend payments. Segment results reflect normalization post-gas crisis, and the outlook for 2026 is stable with continued focus on growth and decarbonization.
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Met 2025 financial targets with €1.1bn EBITDA and €544m net income, resumed dividends, and maintained a strong €2.8bn net cash position. 2026 guidance is €1–1.3bn EBITDA, with growth in renewables and flexible generation, and limited risk from current market volatility.
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Solid nine-month results with EUR 641 million adjusted EBITDA and EUR 268 million net income, confirming full-year guidance. Strategic transformation advanced with leadership changes, asset divestments, and increased investment in green and flexible generation.
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Solid H1 2025 results with adjusted EBITDA of EUR 379 million and net income of EUR 135 million, driven by strong Q2 performance and contributions from both flexible and green generation. Strategic focus remains on transformation, cost management, and AI adoption, with EUR 1 billion CapEx planned for 2025.
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Q1 2025 saw a slow start with negative adjusted EBITDA and net income, mainly due to normalization after exceptional prior years and gas midstream losses. Full-year guidance is reaffirmed, with recovery expected in H2 and strategic progress in LNG and capacity markets.
Fiscal Year 2024
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2024 delivered strong financial results with EUR 2.6 billion Adjusted EBITDA and EUR 1.6 billion Adjusted Net Income, driven by all segments and major strategic progress. 2025 guidance anticipates normalized earnings amid volatile markets and lower commodity price tailwinds.
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Strong nine-month results with adjusted EBITDA of EUR 2.2 billion and net cash of EUR 5.6 billion, driven by robust green and flexible generation. Asset disposals and decarbonization are progressing, with full-year guidance confirmed and a focus on organic growth amid normalizing market conditions.
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Delivered strong H1 2024 results with adjusted EBITDA of EUR 1.7 billion and net income of EUR 1.1 billion, raising full-year guidance. Transformation advanced with major investments, de-risking, and asset sales, while future earnings face market and regulatory uncertainties.