For investors

All the necessary information for the investor

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

Baa3

Outlook negative


S&P – 02.04.2025

BB+

Outlook negative


Fitch – 22.07.2025

BBB-

Outlook stable

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

BondEurobondEUR 5.00% 3Y bond
TypePerpetual Sub-ordinated Capital SecuritiesSenior unsecured bond
ISINXS2824761188EE0000001303
Volume400 mln euros50 mln euros
Coupon rate7,875%5%
Coupon paymentAnnuallyQuarterly
Issue date15.07.202404.06.2025
MaturityPerpetual, first call date 15.07.202904.06.2028
OrganizersGoldman Sachs Bank Europe SE and AS LHV PankAS LHV Pank
ListedLondon Stock ExchangeNasdaq Baltic regulated market

Additional documents

Contact

Danel Freiberg

Head of Treasury and Financial Risk Management