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AB KN Energies unaudited financial information for the six months of 2025
Globenewswire· 2025-08-22 05:55
Core Insights - KN Energies reported significant growth in the first half of 2025, with revenue increasing by 20% year-on-year to EUR 51.1 million and EBITDA rising by 25% to EUR 27.2 million [2][3] Financial Performance - Group revenue for the first half of 2025 was EUR 51.1 million, compared to EUR 42.6 million in the same period of 2024 [2] - EBITDA for the Group reached EUR 27.2 million, up from EUR 21.7 million year-on-year [2] - Net profit for the Group was EUR 8.6 million, a significant increase from EUR 1.5 million in the first half of 2024 [2] - Adjusted net profit also rose to EUR 8.6 million from EUR 6.3 million year-on-year [2] Segment Performance - The Company loaded 1.83 million tonnes of liquid energy products, a decrease of 4% compared to the previous year, attributed to lower petrol transshipment volumes [3] - Revenue from liquid energy products increased by 3% to EUR 15 million, with EBITDA rising by 15% to EUR 6.9 million [3] - Net profit from liquid energy activities grew by 21% to EUR 3.7 million [3] LNG Activities - Net profit from commercial LNG activities was EUR 1.8 million, down 25% from the previous year, while revenue remained stable at EUR 5.1 million [4] - Costs increased by 14.6%, impacting profitability due to various stages of international project implementation [4] - The Company operates LNG terminals in Brazil and Germany, with plans to take over a second terminal in Wilhelmshaven [4] New Energy Projects - KN Energies is advancing projects for new energy handling, including a grant agreement with the European Commission for over EUR 3 million for a CO₂ terminal in Klaipėda [5] - A market consultation was initiated to gauge interest in the planned Klaipėda CO₂ terminal [5]