Fortum revenue and financials
€23.07Change from previous close: −1.75%Absolute change: −€0.41
In the fiscal year ended December 2025, Fortum reported revenue of €4.99B (−13.98% year over year). Net income was €765M, a net margin of 15.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −13.98%
- 2025 vs 2024
- Net income growth
- −34.28%
- 2025 vs 2024
- Net margin
- 15.3%
- 2024: 20.1%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 324 | 355 | 53.0 | 131 | 203 | 453 | 167 | 349 | 338 | 538 | 149 | 429 |
| Depreciation and amortization | 79.0 | 80.0 | 86.0 | — | 76.0 | 76.0 | — | — | — | — | — | — |
| Capital expenditure | -103 | -109 | -158 | -112 | -129 | -100 | -121 | -133 | -108 | -110 | -130 | -146 |
| Investing cash flow | -92.0 | -124 | -255 | -133 | -68.0 | -170 | 714 | -69.0 | -158 | 117 | -58.0 | 188 |
| Financing cash flow | -625 | -628 | 12.0 | -58.0 | -1,309 | -106 | -1,003 | -83.0 | -997 | 40.0 | -462 | -231 |
| Dividends paid | -664 | — | — | — | -1,256 | — | -512 | — | -520 | — | -404 | — |
| Debt issued | 51.0 | 107 | 4.0 | — | 8.0 | 2.0 | -1.0 | — | 5.0 | 79.0 | 8.0 | — |
| Debt repaid | -13.0 | -755 | -30.0 | -18.0 | -64.0 | -71.0 | -522 | -49.0 | -482 | -5.0 | -91.0 | -98.0 |
| Effect of exchange rates | 7.0 | 3.0 | 1.0 | -1.0 | -8.0 | 10.0 | 2.0 | 1.0 | — | -3.0 | 3.0 | 10.0 |
| Net change in cash | -386 | -395 | -189 | -61.0 | -1,182 | 187 | -119 | 197 | -817 | 692 | -369 | 396 |
| Free cash flow | 221 | 246 | -105 | 19.0 | 74.0 | 353 | 46.0 | 216 | 230 | 428 | 19.0 | 283 |
| Levered free cash flow | -217 | 1,232 | -296 | 64.6 | 303 | 168 | -36.1 | -305 | -480 | 1,298 | 75.5 | -187 |