For investors
Financial statements
- The sales revenues of Eesti Energia Group amounted to EUR 530.1 million in the first quarter of 2025
+6.0% vs 2024 Q1 - Group EBITDA was EUR 121.9 million
-4.3% vs 2024 Q1 - Group adjusted EBITDA was EUR 137.5 million
+0.4% vs 2024 Q1 - Group's net profit was EUR 77.9 million
-0.9% vs 2024 Q1 - Group's adjusted net profit was EUR 93.4 million
+6.0% vs 2024 Q1
Upcoming important dates
31 July 2025
- 2025 Q2 interim report
30 October 2025
- 2025 Q3 interim report
27 February 2026
- 2025 unaudited annual report
Credit ratings and analyses
Moody's 08.04.2025
Negative outlook
S&P 02.04.2025
BB+
Negative outlook
Investor news
Financing
As of 31 March 2025, Eesti Energia's debt obligations amounted to 1642 million euros and net debt to EBITDA ratio stood at 2.9x. The debt obligations of Eesti Energia included syndicated loan of 514 million euros, loans received from the European Investment Bank in nominal value of 333 million euros, from NIB in nominal value of 158 million euros, from EBRD in nominal value of 6 million euros and loans from commercial banks in the amount of 593 million euros. From group's debt obligations 721 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 31 march 2025, the amount of undrawn loans amounted to 465 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 195 million euros as of 31 March 2025. More information can be found in the quarter report.
Since 21 October 2021, Eesti Energia's renewable subsidiary Enefit Green AS is listed on the Nasdaq Tallinn Stock Exchange. More information on Enefit Green's investor website.
ESG
As of 8 May 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