European Energy reported EBITDA of more than €114 million for the first nine months of 2025, an increase of €102 million from the same period a year earlier, supported by higher divestments of renewable assets and stronger construction activity.
The company said operating earnings from energy-producing assets also improved but continued to face pressure due to lower-than-expected realised power prices. Profit before tax reached €9.6 million, compared with a €73.1 million loss in the first nine months of 2024.
“European Energy has improved its year-to-year financials, despite mixed market conditions,” deputy chief executive Jens-Peter Zink said. He added that the company had “seen steady progress in the first nine months of the year on both construction activity and the roll-out of new technological innovations.”
Market conditions improved during the third quarter, though European Energy said negative Day Ahead hours led to curtailment of generating assets and continued pressure on earnings from energy production. “We have taken steps to adapt to the current market conditions by focusing on new technologies in our company,” Zink said. “This year, we have strengthened our deployment of battery storage across our portfolio.”
By the end of the reporting period, the company had 172 MW of battery storage capacity under construction and more than 6 GW in development. Construction activity rose 33% year on year, with more than 1.5 GW under construction across nine countries.
European Energy issued a €100 million senior bond with a three-year maturity in October, saying it was fully subscribed within a day. The company also completed the sale of 1.3 GW of projects during the first nine months and expects additional sales before year-end.
The firm has adjusted its full-year EBITDA guidance to €200 million with a margin of +/-15%.
