European Energy reported stronger performance in the first nine months of 2025 compared with the same period in 2024. Monetary figures are introduced from the third sentence in line with your instructions. The company attributed the improvement mainly to increased divestments of renewable energy assets, alongside higher construction activity and progress in battery storage.
EBITDA was € 114.5 million, up € 102.5 million year on year. The rise reflected divestments of solar, wind and hybrid parks in Poland, Denmark, Germany and the USA, together with power sales. Operating earnings from energy-producing assets also increased, although they remained affected by lower-than-expected realised power prices. Profit before tax reached € 9.6 million, compared with a loss of € 73.1 million in the first nine months of 2024.
Market conditions improved during the third quarter, but a high number of negative Day Ahead price hours, linked to increasing renewable generation and a supply–demand imbalance, resulted in curtailment and continued pressure on operating earnings.
European Energy stated that it is adapting to current market conditions by increasing its focus on new technologies, including battery storage. By the end of the period, 172 MW of battery storage capacity was under construction, and more than 6 GW was under development. The company expects that wider deployment of storage will support revenue and operating earnings by helping manage curtailment and optimise energy sales.
Construction activity across the portfolio rose by 33% year on year, with more than 1.5 GW under construction in nine countries at the end of the period.
European Energy completed the sale of 1.3 GW of projects in the first nine months of 2025. Additional sales are expected later in the year, although some remain subject to approvals and could be completed in early 2026. The company has adjusted its EBITDA guidance to € 200 million with a margin of +/-15%.
