Vattenfall has released its year-end report for 2025, outlining operational performance and strategic developments across its energy portfolio. The company highlighted progress in offshore wind, nuclear planning and electricity grid expansion as part of its long-term energy transition plans.
Underlying operating profit reached SEK 30,937m for the full year, while operating profit totalled SEK 27,102m and profit for the period amounted to SEK 19,700m. Items affecting comparability had a negative impact of SEK -3,835m, and the Board has proposed a dividend of SEK 8,000m.
For the fourth quarter, underlying operating profit was SEK 9,467m, with operating profit at SEK 9,279m and profit for the period at SEK 6,603m. Quarterly items affecting comparability amounted to SEK -188m.
During 2025, Vattenfall took final investment decisions for the Nordlicht I and II offshore wind farms in the North Sea, Germany, and progressed plans for new nuclear power by selecting two small modular reactor suppliers. The company’s project vehicle Videberg Kraft applied for financing under Sweden’s state risk-sharing model for new nuclear and agreed to sell a 20 percent stake to Industrikraft.
Investment in Sweden’s electricity grid reached SEK 10.9bn to support secure and stable supply. Vattenfall also continued to assess ownership of its district heating operations across multiple markets and received the highest rating in the Carbon Disclosure Project’s annual climate ranking.
