Dortmund, Wednesday, 1 April 2026

Amprion looks back on a successful 2025 financial year with record investments

All key financial indicators of the transmission system operator Amprion improved markedly in 2025, with investments reaching a record €5.4 billion. By 2030, the company plans to have invested around €42 billion in the expansion of the transmission grid, thereby supporting the German energy transition. Amprion has also expanded its management team and strategically grown its workforce.

Amprion’s positive development is clearly reflected in its 2025 financial figures. “We are looking back on a very successful year. The energy transition has finally reached the construction phase and we are on the verge of completing several major transmission line projects,” said Christoph Müller, CEO of Amprion GmbH.

Investments drive consolidated earnings

The strong positive development of key earnings figures was primarily driven by higher earnings from increased investment activity. As a result, the company’s key financial indicators all rose significantly. Revenue in accordance with IFRS rose by 9% to around €6.1 billion. Adjusted consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to around €1.2billion, which corresponds to a year-on-year increase of around 25%.

The reassessment of tax items in connection with the tax relief package adopted by the German government in July 2025 also resulted in a positive one-off effect. Adjusted consolidated earnings after taxes (net income) thus rose sharply by around 72% to €672million.

Last year, Amprion invested €5.4 billion in the expansion of the grid for the German energy transition. As a result of these investments, the regulated asset base (RAB) has grown significantly by around 42% to €6.5 billion. The RAB is the basis for the company’s future earnings.

A competitive regulatory framework is required

In December 2025, Amprion implemented an equity increase of €2.2 billion. The company also issued bonds totalling €2.5 billion on the international capital market last year, using the proceeds to finance its investments.

“We have now reached a record level of grid expansion investments and raising debt capital. In addition, we regularly receive equity contributions from our shareholders. Most recently, we implemented a significant equity increase of €2.2 billion.” This clearly reflects the trust and ongoing support of our shareholders for our growth path. We will also diversify our financing strategy and plan to invest around €42 billion by 2030,” announced Peter Rüth, CFO of Amprion.

However, a regulatory framework that is competitive in the long-term is also necessary. “It is crucial that investments in German critical infrastructure remain attractive for international investors if we are to make the necessary investments in the next, dynamic phase of the energy transition,” emphasised the Amprion CFO.

Successful grid expansion

The rising level of investments is evident in the grid expansion projects and Amprion made significant progress in this area over the past year. The company plans to commission one major project each year until 2028, with the Ultranet direct current project scheduled for completion in December. As part of the A-Nord direct current project, the converter in Emden was topped out in 2025, and the technically challenging Rhine crossing construction was successfully completed. The groundbreaking ceremony for the submarine cables in the BalWin 1 and 2 offshore projects took place on Norderney.

“We built around 320 kilometres of transmission lines last year – an increase of about 50 percent compared to 2024,” emphasised Amprion CEO Müller. In the past financial year, the company worked on a total of 1,380 kilometres of lines and around 1,200 kilometres have been completed. Grid expansion progress will also help to reduce the costs of grid interventions.

It is important to consider the system in its entirety

“The Federal Government has put some important foundations in place. However, the energy transformation will only succeed if generation, consumption and grid expansion are harmonised – we need the right grid at the right time,” said Christoph Müller. Renewable energy, as well as batteries and other storage systems, must contribute to system stability. “It is now essential to establish a clear framework for market participants to ensure the electricity system can continue to be managed effectively in the future,” emphasised the Amprion CEO.

Amprion has also pushed ahead with the strategic growth of its workforce and introduced a fourth management division. Katrin Hilmer joined the Board as Chief Operating Officer (COO) and Director of Labour Relations on 1 March 2026. The total workforce grew to around 3,400 employees, which corresponds to an increase of around 14% versus the previous year.

Financial report

Investor contact:

Patrick Wang
Head of Investor Relations
T +49 231 5849-12297
ir@amprion.net

Media contact:

Christina Achtnich
M + 49 152 27083652
christina.achtnich@amprion.net

Amprion connects
Amprion is a leading transmission system operator in Europe. Our 11,000 kilometre-long, extra-high voltage grid extends from the North Sea to the Alps and spans seven federal states. It is the backbone of the German economy and transports electricity for 29 million people. Located in the heart of Europe, it serves as a European electricity trading hub. On 31 December 2025, Amprion employed 3,400 people. They support our core objectives of readying the grid for a climate-neutral future and maintaining the stability of the German and European electricity grids at a crucial time.