Core Insights - The company, AB KN Energies, reported its unaudited consolidated and separate financial results for the first nine months of 2025, showing growth in revenue and net profit compared to the same period in 2024 [1]. Financial Performance - Group revenue for the first nine months of 2025 was EUR 76.7 million, up from EUR 68.0 million in 2024, representing an increase of 10.3% [2]. - Group EBITDA increased to EUR 40.9 million in 2025 from EUR 36.9 million in 2024, reflecting a growth of 10.8% [2]. - Net profit for the group rose to EUR 13.2 million in 2025, compared to EUR 11.9 million in 2024, marking a growth of 10.9% [2]. - Adjusted net profit for the group was EUR 13.2 million in 2025, slightly up from EUR 12.4 million in 2024 [2]. Operational Highlights - The transshipment of liquid energy products remained stable at 2,701 thousand tons in 2025, compared to 2,709 thousand tons in 2024 [2]. - Revenue from liquid energy terminals increased by 4% to EUR 21.9 million in 2025, driven by stable transshipment and increased income from tank rentals and storage services [2]. - The average utilization rate of the Klaipėda LNG terminal improved to 64% in 2025 from 49% in 2024, while the average utilization rate of European LNG terminals rose to 51% from 43% [3]. - Regasification and reloading volumes at the terminal reached 23.8 TWh in 2025, an increase of 4.9 TWh from 18.9 TWh in 2024 [3]. - Revenue from the regulated LNG business segment grew by 19% to EUR 45.6 million in 2025, up from EUR 38.4 million in 2024 [3]. Commercial Activities - Revenue from commercial LNG activities was EUR 9.2 million in 2025, higher than EUR 8.5 million in 2024, attributed to LNG projects abroad and terminal operations in Brazil and Germany [4]. - The financial results included a provision of EUR 0.19 million due to a potential customer claim [4]. Future Developments - The company received a subsidy of EUR 3 million for studies related to a liquid CO₂ terminal and is actively engaging with partners for future projects [5]. - An analysis of safety and environmental requirements for hydrogen and its derivatives has been conducted, with ongoing cooperation with potential producers [5]. Accounting Adjustments - The company has adjusted its net profit indicators due to the impact of IFRS 16, recalculating to eliminate unrealized foreign currency effects and related deferred income tax effects [6].