Nasdaq CopenhagenIFRS · DKK

Mind Energy A/S

Mind Energy A/S is a Denmark-based energy trading and supply group that sells power and gas and supports customers with related services and market access. The company operates as a consolidated group from Hellerup, with activity centered on physical and financial energy contracts and the systems needed to manage them.

Kysy yhtiöstä
Liikevaihto95,6mrd DKK
+24,8 %v/v
Liikevoitto (EBIT)185milj. DKK
+6,7 %v/v
EBIT-marginaali0,2%
−0,0 %-yks.v/v
Nettotulos212milj. DKK
−27,5 %v/v
Vapaa kassavirta1 587milj. DKK
+7 292,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

−1000100200300400mrd DKK2021: 119,0 mrd DKK2021: EBIT −0,27 mrd DKK20212022: 344,6 mrd DKK2022: EBIT 11,4 mrd DKK20222023: 119,8 mrd DKK2023: EBIT −0,21 mrd DKK20232024: 76,6 mrd DKK2024: EBIT 0,17 mrd DKK20242025: 95,6 mrd DKK2025: EBIT 0,18 mrd DKK202595,60,18
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Mind Energy A/S

Liiketoiminta

Osuus liikevaihdosta
Power trading and supply50 %

Sale and trading of electricity through physical and financial contracts.

Gas trading and supply35 %

Sale and trading of natural gas and related market positions.

Fixed-price energy contracts10 %

Physical fixed-price contracts that include a financial element.

Energy services and IT support5 %

Customer-facing services and internal IT systems that support operations.

Asiakkaat

Mind Energy serves customers that need reliable access to electricity and gas, including commercial and industrial users as well as other market participants that buy or hedge energy exposure. Its business model also relies on counterparties in the energy market, because trading and fixed-price contracts require active participation across supply, balancing, and hedging activities.

Commercial and industrial customers

Buy electricity and gas supply, often with hedging or fixed-price terms, to secure predictable energy costs.

Energy market counterparties

Trade power and gas contracts with Mind Energy to manage supply, balancing, and exposure.

Customers needing fixed-price contracts

Buy fixed-price physical energy contracts to reduce price volatility.

Service and insight users

Use the company's operational IT systems and service capabilities to support energy decisions.

Strategia

The company is focused on combining energy supply with active trading and risk management so it can serve customers while managing market exposure. It is also investing in IT systems that support daily operations and improve customer service and internal insight.

Energy supply and trading integrationLyhyt aikaväli

Combining physical supply with market activity helps the company serve customers and manage exposure.

Operational IT developmentKeskipitkä aikaväli

Internal systems improve service, insight, and daily execution across the group.

Risk management in gas and ratesLyhyt aikaväli

Gas availability and interest-rate moves can affect trading outcomes and funding costs.

Maantiede

Mind Energy is headquartered in Denmark and the filings provided do not disclose a country revenue split. Its operations are shaped by Nordic and broader European energy markets, where power and gas pricing, grid access, and contract structures influence how the business trades and serves customers.

Riskit

Mind Energy is exposed to commodity price volatility, counterparty and liquidity risk, and the operational complexity of trading energy contracts. Gas activities add physical supply constraints, while leases, derivatives, and fair-value measurements create further sensitivity in reported results and balance-sheet values.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Energy price volatility1Liquidity risk2Gas supply constraints3Interest rate risk4Counterparty credit risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Energy price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Power and gas are traded in volatile markets, so margins and contract values can change quickly.

    Kohdistuu: Power and gas trading

  2. Liquidity riskVaikutus: KorkeaTodennäköisyys: Korkea

    The company must fund supply obligations while also participating in active trading markets.

    Kohdistuu: Working capital and collateral needs

  3. Gas supply constraintsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Physical gas activities depend on access to and availability of gas in the market.

    Kohdistuu: Gas operations

  4. Interest rate riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Changes in rates affect financing costs and can influence valuation inputs.

    Kohdistuu: Debt and fair value models

  5. Counterparty credit riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Energy trading depends on counterparties performing on contracts and settlements.

    Kohdistuu: Trading receivables and derivatives

Kysy Clarifolta: Mind Energy A/S

Kirjanpito

Harkinnanvaraiset erät
Fair value of physical fixed-price contracts

The report states these contracts contain a financial element measured at fair value, which can affect revenue and balance-sheet values.

Vaikutus: Can create earnings volatility and valuation sensitivity

Derivatives and hedging

Cash flow hedge reserves and fair-value measurements imply sensitivity to market movements and hedge effectiveness.

Vaikutus: Affects OCI, profit, and asset/liability values

Lease accounting

Office leases create recognised right-of-use assets and lease liabilities under IFRS 16.

Vaikutus: Affects leverage, EBITDA presentation, and finance costs

Capitalised IT development

Development projects in progress include IT systems that support daily operations and customer service.

Vaikutus: Affects intangible assets and future amortisation

Revenue timing for energy contracts

Power and gas sales may be recognised based on delivery, pricing terms, and contract structure.

Vaikutus: Affects reported revenue and gross margin

Päivitetty: 24.10.2026