Workflow
Energy Terminal Operations
icon
Search documents
AB KN Energies unaudited financial information for the twelve months of 2025
Globenewswire· 2026-02-26 14:00
Core Insights - The company reported strong financial results for 2025, with significant growth in revenue, EBITDA, and net profit compared to 2024, driven by the execution of its long-term strategy and expansion of international LNG activities [2][3]. Financial Performance - Group revenue increased by 12% to EUR 105.2 million in 2025 from EUR 93.7 million in 2024 [2]. - EBITDA rose by 10% to EUR 53.5 million in 2025, up from EUR 48.8 million in 2024 [2]. - Net profit grew by 19% to EUR 18.2 million in 2025, compared to EUR 15.4 million in 2024 [2]. Segment Performance - The Liquid Energy Products Terminals segment achieved a net profit increase of 68% to EUR 5.1 million in 2025 [3]. - The Regulated LNG Activities segment reported a net profit of EUR 10.2 million, a 32% increase from 2024 [8]. - The Commercial LNG Activities segment net profit reached EUR 3.4 million in 2025 [10]. Operational Highlights - The Liquid Energy Products Terminals handled nearly 3.6 million tonnes of products in 2025, a 5% increase from 3.4 million tonnes in 2024, with biofuel handling volumes growing by 16% [5]. - The Klaipėda LNG Terminal operated with high efficiency, achieving an average utilization rate of 68% in 2025, significantly above the European average of 52% [6][7]. - The Klaipėda LNG reloading station had a record year, loading over 1.8 thousand LNG trucks and delivering nearly 260 thousand cubic meters of LNG to customers [13]. Strategic Initiatives - The company is focusing on future energy directions, including hydrogen carriers and carbon capture and storage (CCS) projects, with significant progress made in the CCS Baltic Consortium [14][15]. - The CCS project secured over EUR 3 million in EU funding for studies and aims to contribute to the EU's climate neutrality objectives for 2050 [15][16].