Scatec’s Revenues Rise 25% in Q4 2025
Norwegian renewable energy giant Scatec has announced a strong financial performance for the fourth quarter of 2025, reporting a significant 25% year-over-year increase in proportionate revenues. This growth underscores the company’s robust project pipeline and successful execution, even as it navigates a complex global market.
Financial Performance Highlights: Scatec Q4 2025 Revenue
Scatec’s proportionate revenues for Q4 2025 reached NOK 3,362 million, a substantial rise from the NOK 2,684 million recorded in the same period of 2024. This impressive growth was primarily fueled by the company’s Development and Construction (D&C) segment, which contributed NOK 2.3 billion in revenues with a healthy 14% gross margin.
While revenues soared, the company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a decrease, landing at NOK 1,065 million compared to NOK 1,375 million in Q4 2024. This decline is largely attributed to the strategic divestment of certain assets. In a move showcasing strong financial discipline, Scatec also successfully reduced its corporate debt by 25% during the quarter.
For the full year 2025, proportionate revenues totaled NOK 11,002 million, a significant jump from NOK 7,853 million in 2024.
Operational Milestones and Project Pipeline: Scatec Q4 2025 Revenue
On the operational front, the Power Production segment’s revenues decreased to NOK 1,079 million from NOK 1,625 million in the prior year. Total power generation fell to 1,017 GWh from 1,138 GWh. However, when adjusted to exclude the divested assets, power production actually saw an increase from 984 GWh, thanks to contributions from newly operational projects.
Key construction projects are progressing well, driving the company’s growth. Notable advancements include:
* The Obelisk solar and battery storage project in Egypt, where the solar component is now over 50% complete.
* The Mogobe battery energy storage system (BESS) in South Africa.
Looking ahead, Scatec has solidified its future growth potential by tripling its order backlog to an all-time high of 5.3 GW of power capacity plus 4.7 GWh of battery storage. This record backlog positions the company for continued expansion and revenue generation in the coming years.
Market Reaction: Scatec Q4 2025 Revenue
Despite the strong revenue growth and record backlog, Scatec’s stock experienced a 2.54% decline following the earnings presentation. This market reaction suggests that investors are weighing the company’s positive performance against ongoing geopolitical risks, particularly the challenges related to its assets in Ukraine. Nonetheless, the fourth-quarter results demonstrate Scatec’s resilience and strategic focus on expanding its global renewable energy footprint.
For more detailed information, you can refer to the official company announcement on the Scatec website.
