BAKU, Azerbaijan, May 27. In the face of a volatile geopolitical landscape and mounting uncertainty in global capital and energy markets, the Axpo Group reported strong performance for the first half of the 2024/2025 financial year, covering the period from October 1, 2024, to March 31, 2025, Trend reports.
Operating in more than 30 countries and across 40 energy markets, Axpo continued to strengthen its international footprint. In Switzerland, the company once again played a pivotal role in the national energy landscape, supplying 40 percent of the country's total electricity consumption and supporting a secure and low-carbon energy supply.
Axpo also made significant progress in expanding its renewable energy portfolio, both domestically and abroad, further cementing its leadership in driving decarbonisation and advancing the global energy transition.
Axpo's financial results reflect the resilience of its business model and the successful implementation of its long-term strategy. Adjusted earnings before interest and tax (EBIT) reached CHF 847 million. While this represents a decrease of CHF 629 million compared to the exceptionally high results in the prior year, all business units contributed positively to earnings.
The decline was largely anticipated due to reduced market volatility and growing customer caution amid geopolitical uncertainty, which impacted Axpo’s Trading & Sales performance. Nevertheless, Generation & Distribution and CKW delivered improved results year-on-year.
Operating income stood at CHF 744 million, down from CHF 1,297 million in the previous year. This figure reflects several factors, including lower trading gains, timing effects on income, and adjustments related to decommissioning and dismantling funds for nuclear power plants (STENFO). The net result for the period totaled CHF 562 million, compared to CHF 1,221 million a year earlier. A weaker financial result also contributed to the decrease, partially offset by lower tax expenses.
