For investors
Financial statements
- The sales revenues of Eesti Energia Group amounted to EUR 373.6 million in the second quarter of 2026
A decerase of 2% compared to Q2 2025 - Group EBITDA amounted to EUR 55.7 million
A decrease of 28% compared to Q2 2025 - The Group’s net loss amounted to EUR 8.6 million
A decrease of EUR 35.8 million compared to Q2 2025
Credit ratings and analyses
Moody's – 08.04.2026
Outlook stable
Fitch – 22.07.2025
BBB-
Outlook stable
Financing
As of 30 June 2026, Eesti Energia’s debt obligations amounted to EUR 1,666 million and the net debt to EBITDA ratio stood at 4.07. Eesti Energia’s debt obligations mainly consist of loans received from the European Investment Bank with a nominal value of EUR 371.5 million, loans from the Nordic Investment Bank (NIB) with a nominal value of EUR 141.4 million, a loan from the European Bank for Reconstruction and Development (EBRD) with a nominal value of EUR 4.3 million, and loans from commercial banks with a nominal value of EUR 767.1 million. In addition, Eesti Energia has two outstanding bond issues: a three-year bond with a 5.0% coupon and a nominal amount of EUR 50 million listed on Nasdaq Tallinn, and a five-year green bond with a 4.6% coupon and a nominal amount of EUR 300 million listed on the Luxembourg Stock Exchange Euro MTF market. As of the end of June 2026, loans of the Group’s subsidiary Enefit OÜ (formerly Enefit Green) accounted for EUR 842.8 million of the Group’s total debt.
The Group’s liquidity buffer comprises both liquid financial assets and undrawn committed credit facilities. As at 30 June 2026, the amount of undrawn facilities totalled EUR 420 million. Of this amount, EUR 270 million was available to the parent company Eesti Energia and consisted of revolving liquidity credit facilities with maturities ranging from September 2026 to September 2028. The amount of undrawn facilities available to Enefit OÜ was EUR 150 million as at 30 June 2026.
ESG
Constitutional documents
As of 31 July 2026
Bonds
| Bond | Hybrid bond | EUR 5.00% 3Y bond | Eurobond |
|---|---|---|---|
| Type | Perpetual Sub-ordinated Capital Securities | Senior unsecured bond | Senior unsecured bond |
| ISIN | XS2824761188 | EE0000001303 | XS3338741567 |
| Volume | 400 mln euros | 50 mln euros | 300 mln euros |
| Coupon rate | 7,875% | 5% | 4,6% |
| Coupon payment | Annually | Quarterly | Annually |
| Issue date | 15.07.2024 | 04.06.2025 | 28.05.2026 |
| Maturity | Perpetual, first call date 15.07.2029 | 04.06.2028 | 28.05.2031 |
| Organizers | Goldman Sachs Bank Europe SE and AS LHV Pank | AS LHV Pank | Goldman Sachs Bank Europe SE and AS LHV Pank |
| Listed | London Stock Exchange | Nasdaq Baltic regulated market | Luxembourg Stock Exchange |
Additional documents
Contact
Danel Freiberg
Head of Treasury and Financial Risk Management
Email:
[email protected]Phone:
+372 5594 3838