Akershus Energi reports reduced net income despite improved operating profit

Akershus Energi AS reported a net income after tax of 251 million NOK for the first three quarters of 2025, a 58 million NOK decrease from the same period in 2024. Despite this, the underlying operating profit improved by 196 million NOK, contributing to a robust EBITDA of 974 million NOK, up 202 million NOK year-on-year, driven by higher revenues.

Total operating revenues reached 1,520 million NOK, an increase of 213 million NOK. Hydropower production for the first half of 2025 was 1,920 GWh, 182 GWh lower than the previous year, while district heating sales volume decreased by 16 GWh to 164 GWh. Odal Windkraftverk’s output surged to 321 GWh from 88 GWh in 2024. The average market price for power (NO1) was 654 NOK/MWh, with an achieved sales price of 622 NOK/MWh.

The company's strategic focus remains on upgrading hydropower plants and district heating facilities, aiming for future growth and sustainable solutions. Akershus Energi is also adapting to changes in regulatory frameworks and market conditions, which impact long-term investments in critical infrastructure.