Core Insights - Fingrid's financial performance in 2025 showed a decrease in turnover but an increase in net profit, indicating a strong operational position despite market challenges [2][8][13] Financial Performance - Turnover for 2025 was €1,118.5 million, down 11.9% from €1,269.3 million in 2024 due to lower imbalance power prices [2][8] - Operating result increased by 3.2% to €246.6 million from €238.9 million [2] - Net profit rose by 20.0% to €179.0 million compared to €149.2 million in the previous year [2][8] - Net cash flow from operations significantly increased to €451.1 million from €190.9 million, reflecting improved operational efficiency [2] - Gross capital expenditure was €485.1 million, down 6.9% from €520.9 million in 2024 [2][8] Operational Highlights - The electricity consumption in Finland grew by 1.9% to 84.6 TWh, indicating a stable demand for electricity [2][8] - The transmission reliability rate reached a record level of 99.99995%, showcasing Fingrid's operational excellence [3][8] - The company connected 1,509 MW of renewable electricity production to the grid, although this was a decrease from 1,600 MW in 2024 [2][8] Strategic Developments - Fingrid's investment program progressed ahead of schedule, notably the Aurora Line cross-border transmission connection, which was completed 1.5 months early [3][7] - The company announced a 10-year development plan estimating total investments of €5.2 billion by 2035 to enhance electricity transmission capacity [9][16] - Fingrid's projects, including Aurora Line 2, EstLink 3, and Fenno-Skan 3, were recognized by the European Union as essential for achieving energy policy goals [10] Market and Regulatory Environment - Fingrid faced challenges in connecting new industrial-scale electricity consumption in Southern Finland due to rapid demand growth and reduced generation capacity [5][6] - The transition to a 15-minute market time period for balancing power markets was successfully implemented, enhancing market responsiveness [11][16] - Legal proceedings regarding regulatory methods and collateral models have been ongoing, impacting Fingrid's operational framework [14][15][17] Future Outlook - The company expects a clear increase in operating profit for 2026, driven by the expanding electricity system and growing transmission needs [19] - Fingrid's financial position is anticipated to remain stable despite uncertainties in operating costs [19]