Core Insights - European Energy reported satisfactory financial performance for the first nine months of 2025, with EBITDA totaling EUR 114.5 million, exceeding the previous year's figure by over EUR 100 million, primarily due to higher gross profit from energy park sales [5]. Financial Performance - EBITDA for 9M 2025 reached EUR 114.5 million, significantly up from the same period last year by more than EUR 100 million [5]. - The company confirmed its full-year EBITDA outlook of EUR 200-300 million, with an adjusted estimate of EUR 200 million and a margin of +/- 15% [5]. Revenue Growth - Gross profit from power sales was EUR 75.4 million, reflecting a 20% year-over-year increase, driven by 1,581 GWh produced, which is a 3% increase year-over-year, and higher compensation from suppliers [5]. Project Divestments - European Energy successfully divested 9 projects totaling 1.3 GW across 6 transactions, generating EUR 99.8 million in gross profit, a significant increase from EUR -4.2 million the previous year, with an average gross profit margin of 24% [5]. Financial Position - As of Q3 2025, the company had liquidity of EUR 179 million, consisting of EUR 103 million in cash and EUR 76 million in undrawn committed credit facilities, ensuring strong financial flexibility [5]. Construction Activity - The company has 1.5 GW of projects under construction, including 1,169 MW of solar, 163 MW of wind parks, and 184 MW of PtX/BESS across 32 sites in eight European countries and Australia [5]. Battery Energy Storage Systems (BESS) - More than 6 GW of new battery capacity is under development, with a target of installing 1 GW in the Nordic countries by 2027, and 172 MW of BESS projects were under construction by the end of Q3 2025 [5].