Finance
Uniper nine-month profit plunges on hedging decline, Russian gas loss
Published by Global Banking and Finance Review
Posted on October 24, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 24, 2025
1 min readLast updated: January 21, 2026
Uniper's nine-month profit dropped 80% due to reduced hedging gains and loss of Russian gas supplies, affecting its financial performance.
BERLIN (Reuters) -German state-owned utility Uniper expects an 80% drop in nine-month adjusted net profit, it said on Friday, citing reduced hedging gains and the loss of Russian gas supplies.
Nine-month adjusted net profit is seen at 268 million euros ($312 million), down from 1.3 billion in the same period last year, the company, which was bailed out by Berlin during Europe's energy crisis, said as it published preliminary results.
The company, which generates electricity and trades gas and other energy commodities, said it expects adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 641 million euros for the first nine months of 2025, down 71% from a year earlier.
Uniper, which will release full nine-months results on November 6, confirmed its full-year earnings outlook, which assumes adjusted EBITDA of 1 billion to 1.3 billion euros and adjusted net profit of 350 million to 550 million euros in 2025.
($1 = 0.8575 euros)
(Reporting by Kirsti Knolle and Christoph SteitzEditing by Ludwig Burger and Matthias Williams)
Hedging is a risk management strategy used to offset potential losses in investments by taking an opposite position in a related asset. It aims to reduce the impact of price fluctuations.
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's overall financial performance and profitability, excluding non-operational expenses.
Net profit is the amount of money a company has left after all expenses, taxes, and costs have been subtracted from total revenue. It reflects the company's profitability.
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to a loss of confidence and potential economic downturn.
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