The earnings call presented a mixed picture with several notable achievements such as maintaining a stable achieved power price, successful acquisitions, and a strong financial position. However, these were offset by significant challenges in generation volumes, decreased profitability, and ongoing geopolitical uncertainties. The sentiment reflects a balance between positive strategic moves and operational difficulties.

Company Guidance

During the conference call, Fortum provided detailed guidance on various financial metrics and operational strategies. The company reported a comparable operating profit of EUR 115 million for Q2 2025, with a comparable EPS of EUR 0.09. For the first half of the year, the comparable operating profit reached EUR 577 million, and the EPS was EUR 0.51 per share. Fortum's achieved power price was EUR 48.1 per megawatt hour, slightly lower than the previous year, due to a high hedge ratio and effective physical optimization, despite a 23% drop in realized market prices compared to the same period last year. The company emphasized ongoing challenges, including record-low hydro generation and unavailabilities in its nuclear fleet, resulting in a total generation of 8.8 terawatt hours in Q2, which was 2.2 terawatt hours lower than the previous year. Fortum also highlighted the completion of an acquisition in its Consumer Solutions business, doubling its retail customer base in Poland. The company is targeting an annual fixed-cost reduction of EUR 100 million by the end of 2025, aiming for a new fixed cost base of approximately EUR 850 million in 2026, excluding Swedish property tax increases. For the first half of 2025, the cash flow was strong but decreased to EUR 656 million. Their financial net debt stood at EUR 1.3 billion, and leverage was at 0.9x at the end of June. Fortum continues to project a power demand growth to 550 terawatt hours per annum in the Nordics by 2030, with ongoing uncertainties in the operating environment due to geopolitical conflicts and U.S. tariff plans posing potential challenges for industrial investments.

Stable Achieved Power Price

Despite lower market power prices, Fortum's achieved power price for Q2 2025 was EUR 48.1 per megawatt hour, nearly matching the previous year's EUR 48.6 per megawatt hour. This was supported by a high hedge ratio and good physical optimization.

Successful Acquisition in Consumer Solutions

Fortum completed the acquisition of Orange Energia, doubling the number of retail customers in Poland and securing a sales distribution network through Orange Polska until the end of 2028.

Efficiency Improvement Program on Track

Fortum's efficiency program aims to reduce annual fixed costs by EUR 100 million by the end of 2025, with a new fixed cost base of approximately EUR 850 million excluding increased taxes.

Strong Financial Position

Fortum's financial net debt was EUR 1.3 billion at the end of Q2, with a leverage ratio of 0.9x EBITDA, maintaining a strong liquidity position with ample reserves.

Expansion in Renewable Energy Portfolio

Fortum acquired a project development portfolio for wind power in Finland, strengthening its development pipeline for renewables with a total of 8 gigawatts in the permitting phase.

Fortum OYJ (FOJCY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FOJCY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	- / -	0.032	―	―	―
Aug 15, 2025	2025 (Q2)	- / 0.03	0.052	-50.00% (-0.03)
Apr 29, 2025	2025 (Q1)	- / 0.09	0.114	-25.44% (-0.03)
Feb 11, 2025	2024 (Q4)	- / 0.08	0.098	-16.33% (-0.02)
Oct 29, 2024	2024 (Q3)	- / 0.03	0.046	-30.43% (-0.01)
Aug 15, 2024	2024 (Q2)	- / 0.05	-0.784	106.63% (+0.84)
Apr 30, 2024	2024 (Q1)	- / 0.11	0.135	-15.56% (-0.02)
Feb 07, 2024	2023 (Q4)	- / 0.10	-0.139	170.50% (+0.24)
Nov 02, 2023	2023 (Q3)	- / 0.05	1.382	-96.67% (-1.34)
Aug 04, 2023	2023 (Q2)	- / -0.78	-1.362	42.44% (+0.58)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FOJCY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 15, 2025	$3.64	$3.56	-2.20%
Apr 29, 2025	$3.09	$3.33	+7.77%
Feb 11, 2025	$2.82	$2.82	0.00%
Oct 29, 2024	$2.94	$2.85	-3.06%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Fortum OYJ (FOJCY) report earnings?

Fortum OYJ (FOJCY) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Fortum OYJ (FOJCY) earnings time?

Fortum OYJ (FOJCY) earnings time is at Oct 29, 2025, Before Open (Confirmed).

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