For investors
Financial statements
- The sales revenues of Eesti Energia Group amounted to EUR 387.8 million in the second quarter of 2025
-7% vs 2024 Q2 - Group EBITDA was EUR 79.6 million
-48% vs 2024 Q2 - Group adjusted EBITDA was EUR 82.8 million
-48% vs 2024 Q2 - Group's net profit was EUR 30.0 million
-71% vs 2024 Q2 - Group's adjusted net profit was EUR 93.4 million
-70% vs 2024 Q2

Upcoming important dates
30 October 2025
- 2025 Q3 interim report
27 February 2026
- 2025 unaudited annual report
Credit ratings and analyses
Moody's – 08.04.2025
Outlook negative
S&P – 02.04.2025
BB+
Outlook negative
Fitch – 22.07.2025
BBB-
Outlook stable
Investor news
22.08.2025
31.07.2025
30.07.2025
29.07.2025
Financing
As of 30 June 2025, Eesti Energia's debt obligations amounted to 1705 million euros and net debt to EBITDA ratio stood at 3.5x. The debt obligations of Eesti Energia included syndicated loan of 514 million euros, loans received from the European Investment Bank in nominal value of 395.7 million euros, from NIB in nominal value of 158 million euros, from EBRD in nominal value of 5 million euros, loans from commercial banks in the amount of 582 million euros and Baltic Exchange tarded bonds in amount of 50 million euros. From group's debt obligations 775 million euros belong to Eesti Energia's renewable subsidiary Enefit Green AS.
The liquidity buffer for the group includes liquid financial assets and undrawn loan facilities. As of 30 june 2025, the amount of undrawn loans amounted to 400 million euros. From this amount loans signed by the parent company Eesti Energia AS amount to 270 million euros, which include revolving credit facilities with commercial banks in the amount of 270 million euros (expiry dates from September 2025 until September 2026). Subsidiary's Enefit Green undisbursed loans amounted to 130 million euros as of 30 june 2025. More information can be found in the quarter report.
ESG
As of 31 July 2025

Bonds
Bond | Eurobond | EUR 5.00% 3Y bond |
---|---|---|
Type | Perpetual Sub-ordinated Capital Securities | Senior unsecured bond |
ISIN | XS2824761188 | EE0000001303 |
Volume | 400 mln euros | 50 mln euros |
Coupon rate | 7,875% | 5% |
Coupon payment | Annually | Quarterly |
Issue date | 15.07.2024 | 04.06.2025 |
Maturity | Perpetual, first call date 15.07.2029 | 04.06.2028 |
Organizers | Goldman Sachs Bank Europe SE and AS LHV Pank | AS LHV Pank |
Listed | London Stock Exchange | Nasdaq Baltic regulated market |
Additional documents
Contact

Danel Freiberg
Head of Treasury and Financial Risk Management
Email:
[email protected]Phone:
+372 5594 3838