InCommodities A/S, a Danish energy trader backed by Goldman, plans to raise debt to support expansion after a 96% plunge in last year’s profit.

The sharp decline reflects subdued volatility in power and gas markets, squeezing margins across the sector. Investors see the move as a bet on future upside once market conditions improve.

Higher leverage will give InCommodities the capital to pursue growth opportunities and maintain competitive positioning. The company signals confidence that earnings will rebound, but lenders will scrutinize debt levels closely.

Ultimately, the debt issuance underscores the volatility that energy traders face and the need for flexible financing structures to weather market swings.