Eesti Energia experienced a net loss of 83 million euros attributed to substantial write-downs on its oil shale assets for the third consecutive year. Despite earning 317 million euros in EBITDA in 2025, the company faced challenges in accurately valuing its resources within a volatile market. Without the impairments, the company would have reported a net profit of 112 million euros, indicating the severe impact of asset revaluation on its financial statements.

The year 2025 was pivotal for Eesti Energia as it underwent transformations in its business model and corporate structure to adapt to changes in the electricity market. The company has recognized the need to reassess its strategies in light of fluctuating market conditions, allowing for a focus on restoring investment capabilities. As stated by financial director Marlen Tamm, the new fiscal year will be directed towards ensuring necessary developments in production capacities and maintaining reliable energy system supply well into the future.

Chairman Andrus Durejko noted that Estonia faced unique energy challenges, particularly regarding electricity imports. This situation highlights the ongoing energy dependence issues within the Baltic region, as well as the pressing need for energy stability and innovation. The company's efforts to innovate and respond to market demands could shape its trajectory in overcoming current hurdles and achieving a sustainable energy future.