BAKU, Azerbaijan, May 27. Swiss energy company Axpo posted a significant increase in earnings from operating activities, reaching CHF 620 million in the first half of the 2024/2025 financial year, up from CHF 359 million in the same period last year, Trend reports.
Gross investments amounted to CHF 195 million (prior year: CHF 205 million), with CHF 120 million invested in Switzerland. Net investments stood at CHF 154 million, compared to CHF 134 million in the previous year. These developments resulted in a free cash flow of CHF 465 million, more than double the CHF 225 million recorded a year earlier.
As of 31 March 2025, Axpo’s total assets and equity remained largely unchanged from 30 September 2024. The company reported equity of CHF 12,789 million, liquidity of CHF 6,544 million, and financial liabilities of CHF 5,355 million. Net debt fell to CHF 1,190 million from CHF 1,791 million, mainly due to a dividend payment of CHF 670 million.
In a further positive development, Axpo successfully extended its EUR 7.0 billion unsecured, revolving, and committed credit line with a banking consortium by one year, pushing the maturity to February 2028. The early extension, achieved in February 2025, was seen as a strong vote of confidence from the financial markets.
The renewed facility supports Axpo’s strategic goal of ensuring a sustainable and diversified financial structure, offering the flexibility needed to pursue future investments in the energy transition.
