KN Energies (KNE1L) Q1 2025 earnings summary

Executive summary

• Revenue increased to EUR 25.3 million, up 3.6% year-over-year, driven by higher LNG regasification volumes and consulting services.

• Net profit rose to EUR 4.4 million from EUR 2.6 million year-over-year, reflecting improved segment performance and lower finance costs.

• FSRU acquisition in December 2024 led to reclassification of assets and higher depreciation in Q1 2025.

• No impairment indicators identified for major assets; average Group headcount increased to 403.

• Major contract signed in May 2025 for Klaipėda LNG terminal electrification, valued at EUR 19.3 million.

Financial highlights

• Revenue: EUR 25.3 million (up from EUR 24.4 million year-over-year).

• Net profit: EUR 4.4 million (up from EUR 2.6 million year-over-year).

• Gross profit: EUR 9.8 million (down from EUR 10.8 million year-over-year).

• EBITDA: Not explicitly stated, but depreciation and amortization totaled EUR 6.5 million.

• Cash and cash equivalents: EUR 25.6 million (up from EUR 17.2 million at year-end 2024).

Outlook and guidance

• Electrification project for Klaipėda LNG terminal to be completed within three years, supporting future operational efficiency.

• Continued focus on international LNG projects and consulting services.

• No other significant events or changes in guidance post-reporting period.