- Statkraft's Q3 2025 power generation was 15.8 TWh, up from 13.3 TWh in 2024.
- Net operating revenues were NOK 8.0 billion, down from NOK 9.8 billion.
- Statkraft plans a long-term investment capacity of NOK 16-20 billion per year.
- Statkraft's net profit for Q3 2025 was NOK -0.7 billion.
Financial Performance
In Q3 2025, Statkraft's power generation reached 15.8 TWh, an increase from 13.3 TWh in the same period of 2024. Despite higher production, net operating revenues fell to NOK 8.0 billion from NOK 9.8 billion, and underlying EBITDA decreased to NOK 3.1 billion from NOK 4.9 billion. The net profit was NOK -0.7 billion, impacted by low prices in Northern Norway and negative hedging effects.
Asset Divestments
Statkraft signed agreements to divest assets worth NOK 13.5 billion, including district heating, transmission lines in Peru, and renewable energy assets in Canada, Croatia, India, Nepal, and the Netherlands. These divestments align with Statkraft's strategy to reduce complexity and focus on prioritized technologies and markets.
Investment Plans
Statkraft plans a long-term investment capacity of NOK 16-20 billion annually. Future investments will focus on solar, wind, battery storage, and grid services in Europe and South America, with significant allocations for hydropower refurbishments and new onshore wind developments in Norway and Sweden.
Market Conditions
The average system price in the Nordic region was 36 EUR/MWh, while the German market's average base price was 82.8 EUR/MWh. Statkraft's market activities experienced lower activity levels compared to the previous year, affecting results. The company anticipates variability in market performance due to changing conditions.
