Business and key financials

Business and key financials

Get to know Uniper: Our business segments and key financial data at a glance

Uniper's business and corporate segments

Uniper Group

Düsseldorf-based Uniper is a European energy company with global reach and operations in more than 40 countries. It has about 7,000 employees and plays a key role in ensuring a secure energy supply in Europe, particularly in its core markets of Germany, the United Kingdom, Sweden, and the Netherlands. Uniper’s 13 gigawatts of flexible power generating capacity make it a mainstay of reliable power production. Uniper is a leading gas trader and one of Northwestern Europe’s most important LNG importers, and its broad procurement portfolio enhances supply security. Uniper’s investments in renewables, hydrogen, and other low-carbon energy carriers propel the transformation of the energy system. 

Uniper provides energy and services to about 1,000 municipalities and industrial companies in its home market, Germany. Uniper is also Germany’s largest operator of gas storage facilities and hydropower plants.

2025 key figures on the right

60955m

External sales

1097m

Adjusted EBITDA

-€662m

Operating cash flow before interest and taxes

932m

Investments

Green Generation

The “Green Generation” business segment encompasses both renewables and nuclear power generation plants operated by the Uniper Group in Europe. In detail, these are Uniper’s hydropower plants (run-of-river, storage, and pumped-storage plants) in Germany and Sweden and the nuclear power plants in Sweden as well as our wind and solar power developments. To achieve climate-neutral power generation, renewable sources will play a crucial and increasing role in the future. For this reason, in the Green Generation segment we are focusing on the development, construction, and operation of wind and solar plants in various European countries. Furthermore, we are investing into the modernization and extension of selected hydro assets.

2025 key figures on the right

309m

External sales

626m

Adjusted EBITDA

561m

Operating cash flow before interest and taxes

438m

Investments

Flexible Generation

The expanded use of renewables alongside the retirement of significant parts of today’s fossil-fired generation capacity in Uniper’s core markets increases the need for flexible generation. The "Flexible Generation" business segment includes power and heat generation plants operated by Uniper in Europe to meet the requirements of network operators for grid stability and supply security, especially when renewables generation plants are not sufficiently available, for example, during times of “Dunkelflaute,” a simultaneous occurrence of darkness and a lull in wind activity.

For this purpose, gas-fired power plants, and, if necessary, coal and oil power plants are used to make an important contribution to supply security in Uniper’s core markets. To support the transition towards decarbonization while continuously aiming to fulfill that crucial role, we plan to entirely phase out our commercial coal-fired generation portfolio by 2029, convert parts of our gas-fired generation portfolio, and build new dispatchable capacities with net-zero potential. Existing gas-fired power plants are to remain in the portfolio in the long term, as well as new builds, which will increasingly be able to use hydrogen or other low-carbon fuels as well as Carbon Capture and Storage (CCS) and Carbon Capture and Usage (CCU) technologies.

2025 key figures on the right

2203m

External sales

596m

Adjusted EBITDA

120m

Operating cash flow before interest and taxes

319m

Investments

Greener Commodities

Since full decarbonization will take time, we anticipate that natural gas will continue to be a crucial energy source globally in the coming years. The “Greener Commodities” business segment consolidates energy trading and optimization activities and serves as the commercial interface between the Uniper Group, global trading markets, and major customers.


Uniper’s gas portfolio consists of long-term agreements with gas suppliers, shorter-term purchases, distributing natural gas to resellers, large industrial customers, and power plants, or selling it on international markets. Additionally, this segment includes gas storage operations and other infrastructural investments such as the LNG business. It is planned that the "Greener Commodities" segment will increasingly import, trade, and, in some cases, process or store renewable and low-carbon gases and fuels such as biomethane, hydrogen, and hydrogen derivatives such as ammonia or methanol. While hydrogen is a key focus area for us, we are also growing our portfolio of renewable Power Purchase Agreements (PPA) and Guarantees of Origin (GoO).

2025 key figures on the right

58439m

External sales

16m

Adjusted EBITDA

1566m

Operating cash flow before interest and taxes

135m

Investments

Key financial data

Financial indicators¹

Unit

2025

2024

2023

2022

2021

2020

Sales

€ in millions

60,955

69,636

107,915

274,121

162,968

50,968

Adjusted EBITDA²

€ in millions

1,097

2,612

7,164

-10,119

1,512

1,657

Adjusted EBIT²

€ in millions

568

2,001

6,367

-10,877

955

998

Net income/loss

€ in millions

1,426

221

6,336

-19,144

-4,106

402

Earnings per share³ ⁴

3.35

0.71

15.15

-51.92

-11.39

1.08

Dividend proposal / Dividend per share⁴

0.72

0.00

0.00

0.00

0.07

1.37

Cash provided by operating activities (operating cash flow)

€ in millions

-814

1,665

6,549

–15,556⁵

3,296

1,241

Adjusted net income²

€ in millions

544

1,653

4,432

-7,401

743

774

Investments

€ in millions

932

710

587

552

589

743

Growth

€ in millions

408

316

198

189

293

406

Maintenance and replacement

€ in millions

525

394

389

363

297

336

Economic net debt (+)/ net cash position (−)

€ in millions

-2,823

-3,404

-3,058

3,410

324

3,050

Non-financial indicators¹

Unit

2025

2024

2023

2022

2021

2020

Power purchases and owned generation

Billion kWh

129.1

147.8

210.3

289.7

413.6

558.0

Electricity sales

Billion kWh

127.3

146.6

209.5

288.9

412.9

552.9

Gas volume sold

Billion kWh

1,118.1

1,336.3

1,637.7

1,661.5

2,258.5

2,205.9

Direct fuel-derived carbon emissions

Million t CO₂

11.7

14.2

19.4

55.6

50.9

42.6

Employees as of the reporting date

7,238

7,464

6,863

7,008

11,494

11,751

Uniper Group Sales by product

€ in millions

2025

2024

+/- %

Electricity

12,104

12,443

-2.7

Gas

45,216

54,700

-17.3

Other

3,636

2,494

45.8

Total

60,955

69,636

-12.5

Adjusted EBITDA by segment

€ in millions

2025

2024

+/- %

Green Generation

626

498

25.8

Flexible Generation

596

998

-40.3

Greener Commodities

16

1,497

-99.0

Administration/Consolidation

-140

-381

63.3

Total

1,097

2,612

-58.0

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Uniper‘s financial results

Annual Report FY2025

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Uniper‘s path to carbon neutrality

Climate Transition Plan 2025

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Uniper‘s assets

List of Assets 2025

Latest reports and presentations

Better informed about the latest developments at Uniper: Find all relevant publications as part of our regular financial reporting.

All reports and presentations
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Reports and presentations