Uniper, the energy supplier that was nationalized during the 2022 energy crisis, has announced a return to dividend payments following a challenging fiscal year. The company reported that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped significantly from €2.612 billion to €1.097 billion in 2025. This decline is attributed to factors such as lower energy prices, the shutdown of power plants, and decreased contributions from hedging operations.

Looking ahead, Uniper expects its earnings for 2026 to stabilize between €1.0 billion and €1.3 billion, which reflects a more optimistic outlook for the company's financial health. For the year 2025, Uniper plans to pay a dividend of €0.72 per share, benefiting primarily the German government, which is the main shareholder of the company. The total dividend payout is estimated to be around €300 million, signaling a significant recovery for the company.

Michael Lewis, the CEO of Uniper, emphasized that the ability to resume dividend payments is a sign of financial stability and an essential component for improving Uniper's position in capital markets. This move not only reflects confidence in the company’s future performance but also serves to reassure investors and stakeholders about its financial recovery post-nationalization.