Fortum Oyj Non-GAAP EPS of EUR 0.09, revenue of EUR 974M; updates FY outlook

* Fortum Oyj press release [https://www.fortum.com/sites/default/files/investor-documents/Fortum_Half-year_Financial_Report2025.pdf] (OTCPK:FOJCF [https://seekingalpha.com/symbol/FOJCF]): Q2 Non-GAAP EPS of EUR 0.09.
* Revenue of EUR 974M (-22.1% Y/Y).
* Comparable EBITDA was EUR 191 (326) million.
* Cash flow from operating activities totalled EUR 203 (338) million.
* OUTLOOK: • The Generation segment’s estimated Nordic generation hedges: approximately 80% at EUR 41 per MWh for the remainder of 2025 and approximately 60% at EUR 40 per MWh for 2026. • For 2025, the annual optimisation premium included in the achieved power price for the whole outright portfolio is estimated to be in the range of 7–9 EUR/MWh. • UPDATED: In 2025, the total generation volumes are expected to be clearly below the normal level. Currently, the expected decrease of total nuclear volumes for the full year is 2.9 TWh, 1.3 TWh of which realised in the first half of 2025. Of the effect expected in the second half of the year, the majority is estimated to materialise in the third quarter. Fortum assumes that its annual hydro volume in 2025 will be below that of a normal hydro year, which has been 20-20.5 TWh. • Capital expenditure for 2025–2027, including maintenance but excluding acquisitions, is expected to be approximately EUR 1.4 billion, of which annual growth capital expenditure is expected to be EUR 150–300 million and annual maintenance capital expenditure EUR 250 million

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* Historical earnings data for Fortum Oyj [https://seekingalpha.com/symbol/FOJCY/earnings]
* Dividend scorecard for Fortum Oyj [https://seekingalpha.com/symbol/FOJCY/dividends/scorecard]
* Financial information for Fortum Oyj [https://seekingalpha.com/symbol/FOJCY/income-statement]