E.ON has kicked off fiscal year 2025 with a strong first quarter, driven by solid performance across all core business segments. The company posted significant growth in both earnings and investment, reinforcing its commitment to transforming Europe’s energy system and supporting the shift to cleaner energy.
Earnings Up Across the Board
In the first quarter of 2025, E.ON’s adjusted EBITDA rose 18% to €3.2 billion, up from €2.7 billion in the same period last year. Adjusted net income also grew 22%, reaching €1.3 billion compared to €1.0 billion in Q1 2024. This growth was fueled by increased investments and stronger operational performance across all business areas. “Our growth trajectory continued seamlessly in the first quarter. We have laid a good foundation for a successful fiscal year 2025 and continued to make substantial progress in driving forward the energy transition. E.ON has a solid financial position and benefits from its strategic focus on energy networks and sustainable customer solutions in Europe. We continue to concentrate on our operating performance in our businesses and the systematic implementation of our investment plan. We fully stand by our guidance for 2025 and our outlook for 2028.” commented E.ON CFO Nadia Jakobi.
E.ON is maintaining its full-year outlook, expecting adjusted EBITDA between €9.6 and €9.8 billion, and net income between €2.85 and €3.05 billion.
Segment Highlights
- Energy Networks: Earnings climbed to €2.1 billion, up from €1.8 billion last year. This increase was mainly due to higher infrastructure investments and stronger electricity distribution volumes. Some regions also benefited from adjustments related to past network loss costs.
- Energy Retail: EBITDA rose by nearly €70 million year-over-year to more than €930 million. A return to more typical energy consumption levels after last year’s mild winter helped boost results, especially in the UK, where strong business customer performance contributed as well.
- Energy Infrastructure Solutions: This segment saw earnings grow 25% to over €200 million. Improved weather conditions and better plant availability in Scandinavia supported the increase, along with the rollout of new projects and smart meter expansion in the UK.
Investing in the Future of Energy
E.ON continued to ramp up investment in Europe’s energy infrastructure, spending €1.5 billion in the first quarter alone—13% more than the same time last year. Most of this, around €1.2 billion, went into upgrading and expanding the company’s energy networks. E.ON now connects more than half of Germany’s renewable energy capacity to its grids—more than any other operator in the country.
The company also invested nearly €120 million in its Energy Retail segment, focusing on digital tools and integrated energy solutions for customers. Meanwhile, Energy Infrastructure Solutions invested around €150 million. Although this is less than last year, it reflects a large battery storage acquisition included in the previous year’s results.
E.ON’s continued financial growth and expanding investments highlight its leading role in building a more resilient, digital, and sustainable energy future for Europe.
