Core Insights - Fingrid's financial performance for January to September 2025 shows a decrease in turnover by 17.7% compared to the same period in 2024, primarily due to lower imbalance power prices, while the result for the period increased by 15.0% [3][7][8] - The company is investing significantly in grid infrastructure, with a gross capital expenditure of €342 million during the reporting period and plans for a total of approximately €2 billion from 2025 to 2028 [5][7][9] - Fingrid's strategy focuses on enhancing the reliability and competitiveness of Finland's electricity system, with ongoing projects like the Lowlands Line aimed at increasing transmission capacity [4][5][6] Financial Performance - Turnover for January to September 2025 was €791.2 million, down from €961.6 million in 2024, reflecting an 18% decrease [3][7] - Operating result decreased by 10.6% to €150.0 million, while the result before taxes fell by 11.8% to €142.3 million [3][7] - The result for the period improved to €128.0 million from €111.4 million in the previous year [3][7] Operational Highlights - Net cash flow from operations significantly increased to €352.6 million from €108.1 million in the previous year, indicating strong operational efficiency [3][7] - The transmission reliability rate remained exceptionally high at 99.99999% [3][7] - Electricity consumption in Finland grew slightly to 61.3 TWh from 60.8 TWh, with Fingrid transmitting 81.7% of the total electricity consumption [3][15] Investment and Infrastructure - Fingrid is committed to investing over €160 million in the main transmission line project from Alajärvi to Hausjärvi, which will enhance transmission capacity by approximately 1,500 megawatts [5][6] - The company has adopted a conditional connection agreement model to facilitate grid connections for large industrial projects [4][5] - Fingrid plans to raise grid service fees by 8% starting January 2026 to cover rising operational and capital expenditure costs [9][15] Regulatory and Legal Developments - The Market Court ruled in favor of Fingrid regarding the Olkiluoto 3 protection scheme, affirming that Fingrid is not solely responsible for all actions necessary for its operation [11][16] - Fingrid's appeal against the Energy Authority's decision on balance service terms was dismissed, leading to significant changes in collateral requirements for balance responsible parties [20][21] Environmental and Safety Metrics - The emission factor for electricity consumed in Finland improved to 27 gCO2/kWh from 34 gCO2/kWh, reflecting a cleaner energy mix [3][7] - The lost-time injury frequency (LTIF) rate decreased to 4.5 from 6.5, indicating improved safety performance [3][15]