Uniper SE Expects Earnings Decline in H1 2025, Outlook Confirmed

Uniper SE anticipates a notable decline in its earnings for the first half of the fiscal year 2025. Preliminary and unaudited results reveal an expected Adjusted EBITDA of EUR 379 million, markedly lower than the EUR 1,743 million from the previous year. Similarly, Adjusted Net Income is estimated at EUR 135 million, down from EUR 1,138 million.

The downturn in earnings stems primarily from decreased contributions in the Flexible Generation segment's hedging operations and challenges in the Greener Commodities segment due to past gas portfolio optimizations. Additionally, the non-delivery of gas volumes from Russia significantly impacted revenue.

Despite these challenges, Uniper confirms its earnings outlook for the full fiscal year 2025, with detailed half-year results to be disclosed on 7 August 2025.