Vattenfall has reported stronger underlying operating results for the first nine months of 2025, supported by improved performance in trading, wind, and nuclear power operations, as well as favourable price hedging developments on the continent.
The company’s underlying operating profit rose to SEK 21.5 billion from SEK 16.1 billion a year earlier. Last year’s results had been boosted by one-off effects of SEK 19.5 billion from project sales and changes in the market value of energy derivatives.
Vattenfall continues to reinforce its position in the energy transition through progress in both wind and nuclear development. The company has selected two suppliers of modular reactors as it moves forward with plans for new nuclear power. In renewable energy, the permit for the Zeevonk offshore wind project in the Netherlands has been revised to accommodate changing hydrogen market demand, and the project will now be developed in two phases.
A final investment decision has been made for the Clashindarroch II onshore wind farm in the UK, while in Germany the company inaugurated the country’s largest combined solar and agricultural facility in Tützpatz. In Sweden, Vattenfall has been granted a concession for a new power line in Luleå to meet growing electricity demand from multiple sectors.
