MFT Energy experienced a significant decline in earnings in 2025, with both revenue and profit declining sharply after several years of high earnings.
The group thus realized gross earnings of 37.7 million euros, compared to 80.1 million euros the year before and 101.5 million euros in 2023. This is also significantly lower than in 2022, where earnings during the energy crisis reached 641.9 million euros.
The operating profit (EBIT) fell to 2.8 million euros from 46.4 million euros the year before. The decline comes after several years of high – and at times extraordinary – earnings. Earnings have thus fallen significantly since 2023, when the operating profit was 71.7 million euros. This is stated in the company's annual report.
The accounts also show a significant decline in profitability, with the return on equity reduced to 1.0 percent from 17.9 percent the previous year. The company itself states that the result thus does not meet either short-term expectations or long-term strategic ambitions.
MFT Energy attributes the decline to a normalization in the energy markets with lower volatility, which has reduced the opportunities for earnings in energy trading. At the same time, increased geopolitical uncertainty has made market movements less predictable and more difficult to analyze.
MTF Energy: An investment year
However, not everything is negative according to the company, which points out that in 2025 it will invest in technology, automation and new business areas as part of the company's strategy. Specifically, MFT Energy describes 2025 as a year of investing in future growth rather than reaping results.
- 2025 was a year where we continued to build. We strengthened key areas of the business, expanded our capabilities and took meaningful strategic steps. This gives us a stronger foundation and puts us in a better position to exploit opportunities going forward, says Bo Palmgren, CEO of MFT Energy.
The company has, among other things, invested in automated trading and entered into an agreement to purchase a majority stake in the battery company Northium Energy as part of a strategy to move into physical energy investments.
In addition, the international presence has been expanded, especially in North America and Asia, and the business within green certificates has been strengthened.
The company expects that the Envision ’28 strategy will improve earnings in the long term, even if the results in 2025 do not live up to the long-term ambitions.
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