KN Energies (KNE1L) Q4 2025 earnings summary

Executive summary

• Achieved record financial performance in 2025, with revenue rising to €105.2 million and net profit to €18.2 million, driven by strong LNG regasification volumes and capacity bonuses.

• Share price surged 71%, the highest among Baltic Nasdaq-listed companies, and the company ranked among Lithuania's top business leaders.

• Recognized as a top 10 company in Lithuania's transport and logistics sector and maintained status as one of the country's largest taxpayers.

• Significant sustainability progress, with a CDP climate rating improvement from D to B and a 5.5% reduction in GHG emissions intensity.

• Operates liquid energy and LNG terminals, with expansion into Germany and Brazil.

Financial highlights

• Revenue rose 12% year-over-year to €105.2 million; EBITDA increased 10% to €53.5 million; net profit up 19% to €18.2 million.

• EBIT grew 13% to €28.8 million; EPS reached €0.05, up from €0.04 in 2024.

• Group gross profit reached €42.3 million; operating profit was €27.6 million.

• EBITDA for the LNG segment rose 11% to €37 million; Liquid Energy EBITDA up 32% to €11 million.

• Normalized EBITDA and net profit showed 8% and 15% CAGR, respectively.

Outlook and guidance

• Aims to shift revenue mix to 40% regulated and 60% commercial activities within 2-3 years.

• Updated WACC for 2026 set at 6.39%, down from 6.59% in 2025.

• Continued focus on expanding LNG and biofuel infrastructure, and advancing CCS and hydrogen projects.

• Expansion into Germany with a new subsidiary to operate the Wilhelmshaven 2 LNG terminal.

• LNG demand in the EU projected to remain high through 2026-2027, supporting terminal utilization.