Nasdaq CopenhagenIFRS · EUR

MFT Energy A/S

MFT Energy A/S is a Danish energy trading company that operates across European and international power and related commodity markets. The company manages trading positions, liquidity, collateral, and market risk through a centralized group structure with trading mandates and risk controls.

Operating profit (EBIT)2.8m EUR
−94.0 %y/y
Net income1.9m EUR
−94.8 %y/y
Free cash flow12.4m EUR
+134.5 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

02,0004,0006,0008,000m EUR2021: 1,339 m EUR2021: EBIT 65 m EUR20212022: 7,876 m EUR2022: EBIT 576 m EUR20222023: EBIT 72 m EUR20232024: EBIT 46 m EUR20242025: EBIT 2.8 m EUR20252.8
RevenueOperating profit (EBIT)

Business

Share of revenue
Energy trading85 %

Buying, selling, and optimizing positions in power and related energy markets.

Risk management5 %

Market, credit, and liquidity risk oversight supporting trading mandates.

Treasury and liquidity management5 %

Cash, collateral, funding, and money-market deployment for trading operations.

Compliance and controls5 %

Systems and procedures supporting regulatory, IT, and market-abuse compliance.

Customers

MFT Energy primarily transacts with institutional counterparties in the energy and financial markets rather than end consumers. Its counterparty base includes transmission system operators, exchanges, clearing banks, and other trading partners that need efficient market access and reliable settlement.

Transmission System Operators

They transact with MFT Energy for balancing and market-related power activities.

Exchanges and clearing venues

They provide the market infrastructure used for trading and clearing positions.

Clearing banks

They support collateralization, settlement, and financing of trading activity.

Institutional energy counterparties

They buy and sell energy exposures through bilateral and exchange-traded contracts.

Strategy

MFT Energy’s strategy centers on using market risk-taking as a core capability while keeping exposures within formal risk appetite and mandate limits. It also focuses on strengthening liquidity, counterparty management, technology, and compliance so the trading platform can scale across markets.

Disciplined trading and risk optimizationShort term

The business model depends on capturing market opportunities without exceeding risk limits.

Liquidity resilienceShort term

Trading activities require collateral, margin, and funding access across counterparties.

Operational scalabilityMedium term

Automation and HR systems improve control, speed, and repeatability in a trading business.

Compliance and cyber resilienceMedium term

Energy trading is highly regulated and increasingly dependent on secure systems.

Geography

MFT Energy is headquartered in Denmark and operates as a global trading business with exposure to European and non-EU markets. Its reporting highlights European regulatory frameworks as well as trading compliance outside the EU, indicating a geographically diversified market footprint.

Risks

MFT Energy is exposed to trading losses, liquidity stress, and counterparty default because its earnings depend on active market positions and collateralized market access. Regulatory, cyber, and currency risks are also relevant given its cross-border trading model and reliance on secure systems and compliant processes.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Market trading losses1Liquidity and margin stress2Regulatory non-compliance3Counterparty default4Cyber and operational disruption5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Market trading lossesImpact: HighLikelihood: High

    The company intentionally holds market risk as part of its core business model.

    Exposure: Trading mandates and open positions

  2. Liquidity and margin stressImpact: HighLikelihood: Medium

    Trading activity requires cash and collateral to support positions and counterparties.

    Exposure: Daily liquidity forecasts and buffers

  3. Regulatory non-complianceImpact: HighLikelihood: Medium

    Trading is governed by REMIT, MAR, EMIR, MiFID II, and non-EU equivalents.

    Exposure: Cross-border trading operations

  4. Counterparty defaultImpact: MediumLikelihood: Medium

    Settlement and collateral depend on financial strength of trading partners and banks.

    ExposureTSOsExchangesClearing banksBilateral counterparties
  5. Cyber and operational disruptionImpact: MediumLikelihood: Medium

    Trading depends on secure systems, data integrity, and uninterrupted execution.

    Exposure: IT systems and market connectivity

Accounting

Judgemental items
Fair value of trading positions

Trading income depends on mark-to-market valuation of open contracts and instruments.

Impact: Can materially change reported earnings period to period

Financial risk management disclosures

Hedging, collateral, and exposure management affect asset and liability presentation.

Impact: Affects volatility, liquidity presentation, and risk transparency

Leases

Office and infrastructure leases affect assets, liabilities, and operating costs.

Impact: Impacts leverage and EBITDA-like comparability

Deferred tax and provisions

Judgments around timing and uncertainty can affect tax expense and liabilities.

Impact: Impacts effective tax rate and balance-sheet accruals

Publicly listed companies with a comparable business focus.

Last updated: 24/10/2026