Finnish energy company Fortum saw its shares drop 1.7% following the release of its full-year 2025 results. Comparable EBITDA came in at €1.24 billion, missing the market consensus of €1.28 billion. The Generation segment remained a drag, with EBITDA down 23%. Lower power prices and weaker output weighed on the company's performance, impacting investor sentiment early on.

Consumer Solutions, however, delivered a positive performance, with a 32% increase in EBITDA, due to better margins. Fortum proposed a dividend of €0.74 per share. Net debt rose to €1.48 billion, pushing leverage up to 1.2 times comparable EBITDA. The company also maintained its outlook for future optimization premiums.

Analysts are looking for more details on demand growth. The market is focused on Nordic power demand and potential data center agreements. Fortum's committed capital expenditure for 2026-2030 is projected to be around €2 billion. Investors are likely watching to see if Fortum can regain momentum in the coming quarters.

Fortum's performance reflects broader challenges in the European energy market, including fluctuating power prices and the impact of geopolitical events on energy supply. The decline in earnings underscores the volatility faced by energy companies. Investors will monitor Fortum's strategic moves to navigate the turbulent market conditions.