UIE (UIE) Q3 2025 earnings summary

Executive summary

• Net profit for Q1-3 2025 reached USD 106.8 million, up 30% year-over-year, driven by strong results from UP and positive fair value adjustments in Schörling and Greenbridge.

• Operating income rose to USD 109.2 million, a 31% increase from the same period in 2024.

• Shareholders' equity increased to USD 781.7 million as of 30 September 2025.

Financial highlights

• Net asset value per share was DKK 417.0, up 5% from year-end 2024.

• Share price at 30 September 2025 was DKK 293.0.

• Total value of investments in UP, Schörling, and Greenbridge reached USD 679.5 million, up USD 70 million from year-end 2024.

• Cash and liquid assets increased to USD 104.2 million.

• Interim and extraordinary dividends of USD 0.51 per share each were declared, with a share buy-back program announced.

Outlook and guidance

• Materially higher net profit is expected for 2025 compared to 2024, supported by UP's strong performance and a positive fair value adjustment in Schörling.

• Outlook remains dependent on UP's results, fair value changes in Schörling and Greenbridge, and global market conditions.

• UP anticipates satisfactory performance despite cost pressures and market volatility.