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Uniper reports 60% increase in nine-month core profit

By Reuters News

FRANKFURT, Nov 10 (Reuters) - Uniper's UN0k.DE core profit rose by nearly 60% in the first nine months of 2026, the German state-owned utility said on Tuesday, as it prepares for an ownership change that could see the group being sold to a strategic buyer.

  • Berlin is currently seeking to cut its stake in Uniper to a blocking minority after bailing out the firm in 2022, in what could become the largest overhaul of Germany's energy sector since Europe's energy crisis four years ago.

  • Nine-month adjusted core profit was up 59.8% at €1.024 billion ($1.15 billion).

  • Nine-month adjusted net profit more than doubled to €579 million.

  • The group's gas caverns, excluding the to-be-commissioned Breitbrunn facility that is due to be decommissioned, were 81% full, the company said.

  • Uniper swung to a nine-month net loss of €502 million, as IFRS accounting standards demand the company must reflect higher forward power prices in its sales.


    ($1 = 0.8908 euros)

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