RWE Reports Strong 2025 Financials, Plans Growth to 2031

Financial Performance in 2025

RWE achieved strong financial results in 2025, with an adjusted EBITDA of €5.1 billion and adjusted net income of €1.8 billion, reaching the upper end of its guidance. The company also confirmed a dividend proposal of €1.20 per share for fiscal 2025, with a targeted annual increase of 10%.

Investment Plans and Growth Strategy

RWE plans to invest €35 billion between 2026 and 2031 to expand its generation capacity by 25 gigawatts, reaching a total of 65 gigawatts. The majority of these investments will focus on flexible generation in Germany and power generation in the United States, including new gas-fired power plants.

Partnerships and Project Financing

To support its growth program, RWE is partnering with international investors such as Masdar, Norges Bank Investment Management, KKR, and Apollo Global Management. These partnerships aim to limit investment risks and expand financial headroom, particularly for large North Sea wind projects and grid expansion programs.

Segment Performance

In 2025, RWE's Offshore Wind segment reported an adjusted EBITDA of €1,488 million, while the Onshore Wind/Solar segment achieved €1,740 million. The Flexible Generation segment reached €1,406 million, and Supply & Trading recorded €339 million. Despite substantial growth investments, RWE maintained a stable net debt of €10.9 billion by the end of 2025.