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Skandia GreenPower Lifts EBITDA, Plans New Dividend Amid Normalizing Customer Churn

Story Highlights
  • Skandia GreenPower grew Q4 2025 EBITDA while net profit dipped on prior-year one-offs, supported by strong cash flow and improved working capital.
  • The company will pay a new H2 2025 dividend as customer churn normalizes and intake beats forecasts, underpinning expectations for further profit growth.
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Skandia GreenPower Lifts EBITDA, Plans New Dividend Amid Normalizing Customer Churn

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Skandia GreenPower AS ( (DE:0RQ) ) has shared an update.

Skandia GreenPower AS reported fourth-quarter 2025 EBITDA of NOK 11.1 million, up about 3.7% from a year earlier, while net profit fell to NOK 5.7 million due to prior-year one-off gains. Management highlighted strong cash flow and improved working capital, underlining the company’s robust financial position despite lower-than-forecast power consumption and a temporary spike in customer churn.

In line with its policy to distribute 90% of net profit, the company plans a dividend of NOK 0.045 per share for the second half of 2025, bringing total 2025 payouts, including earlier buybacks and dividends, to more than NOK 9 million. Customer numbers slipped to 54,075 at the end of the quarter after churn briefly surged around the launch of the Norgespris offering, but attrition normalized and new customer intake exceeded forecasts, supporting the company’s expectations of further EBITDA and profit growth in 2026.

More about Skandia GreenPower AS

Skandia GreenPower AS is a Norwegian power retailer focused on providing electricity to residential and commercial customers, with a market position that emphasizes profitability and disciplined capital returns. The company operates in a competitive energy market and has been strengthening its balance sheet while maintaining significant cash generation and shareholder distributions.

Average Trading Volume: 18,050

Current Market Cap: NOK191.8M

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