Power generation in the third quarter 2025 was 15.8 TWh (13.3 TWh), and generation was record-high at 52.7 TWh in the first nine months of 2025 (47.1 TWh).
Net operating revenues in the quarter were NOK 8.0 billion (NOK 9.8 billion). Underlying EBITDA was NOK 3.1 billion (NOK 4.9 billion).
Net financial items were NOK 0.6 billion (NOK -3.4 billion), including net currency gains of NOK 1.1 billion (NOK-2.6 billion) while profit before tax was NOK 0.9 billion (NOK 1.5 billion). Net profit was NOK -0.7 billion (NOK -0.2 billion).
In the quarter, Statkraft made significant progress on its announced plans to decrease complexity and reduce costs.
Statkraft signed agreements to divest the district heating business, transmission lines in Peru, as well as renewable energy assets and development activities in Canada, Croatia, India, Nepal, and the Netherlands for a total enterprise value of NOK 13.5 billion in the quarter. Year to date the enterprise value for signed agreements is NOK 15.5 billion. As a result of these divestments, around 330 employees will leave Statkraft to new owners by the end of 2025.
In Norway, Statkraft submitted the license application for a third unit in the Alta hydropower plant, made the final investment decision for a refurbishment of the Mår hydropower plant and Hyttfossen dam, and announced plans for wind power development in Åsnes municipality.
Statkraft also made an investment decision for the Cardonal BESS 2 battery project (20 MW) in Chile.
After the quarter Statkraft decided to build the Lupi solar farm (182 MWp) in Peru with an expected investment of NOK 1.5 billion.
"I am pleased with the solid progress we have made in executing our sharpened strategy in the third quarter. We have sold a portfolio of businesses, our skilled teams will have new owners, and the divestments contribute to reduce ...
