Elering ASRegistered

11022625Public limited company (AS)Founded 2004

Key figures

300 514 000 €+40,2%
Revenue 2025
+13,3%
Average annual growth 2019–2025
0100 m200 m300 m400 m2019202020212022202320242025

Ratios

2025
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
01 bn2 bn2019202020212022202320242025
Quarterly figures
QuarterRevenueNumber of employeesLabour taxes
Q2 2026168 774 087 €3583 238 504 €
Q1 2026223 600 106 €3502 251 988 €
Q4 2025230 982 276 €3402 313 936 €
Q3 2025139 167 117 €3382 317 520 €
Q2 2025168 452 449 €3383 227 487 €
Q1 2025173 614 883 €3242 125 767 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Summary of financial statements2019–2025
2019 †2020 †2021 †2022 †2023 †2024 †2025 †
Balance sheet — assets
Total current assets86 959 00093 639 000168 009 000374 965 000247 570 000220 652 000168 952 000
Total non-current assets937 397 000982 097 0001 014 845 0001 085 978 0001 220 196 0001 398 570 0001 527 716 000
Total assets1 024 356 5381 075 736 0001 182 854 0001 460 943 0001 467 766 0001 619 222 0001 696 668 000
Balance sheet — liabilities and equity
Current liabilities57 247 00039 013 00069 145 000308 171 000104 936 000114 740 000120 297 000
Non-current liabilities578 842 000649 755 000731 621 000753 269 000948 791 0001 094 784 0001 115 590 000
Total liabilities636 089 000688 768 000800 766 0001 061 440 0001 053 727 0001 209 524 0001 235 887 000
Share capital229 890 000229 890 000229 890 000229 890 000229 890 000229 890 000229 890 000
Retained earnings of previous periods110 850 000117 494 000129 495 000134 349 000137 391 000144 026 000143 243 000
Profit for the year32 887 00025 302 0005 108 00017 414 00028 037 00015 659 00021 742 000
Reserves and other equity14 640 00014 282 00017 595 00017 850 00018 721 00020 123 00065 906 000
Total equity388 267 000386 968 000382 088 000399 503 000414 039 000409 698 000460 781 000
Income statement
Sales revenue142 115 000137 068 000201 457 000386 975 000244 748 000214 282 000300 514 000
Operating profit41 777 00032 602 0009 022 00019 861 00028 348 00017 654 00025 214 000
EBITDA78 690 00072 725 00054 553 00067 536 00081 793 00070 766 00080 531 000
Profit before income tax39 656 00030 266 0006 736 00017 414 00030 377 00019 976 00026 159 000
Profit for the reporting year32 887 00025 302 0005 108 00017 414 00028 037 00015 659 00021 742 000
Labour costs9 559 00010 970 00011 222 00013 304 00015 050 00016 932 00018 863 000
Depreciation of non-current assets36 913 00040 123 00045 531 00047 675 00053 445 00053 112 00055 317 000
Other indicators
Employees246240258272291309335
Calculated dividend———————

A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report. † Figures for the marked years come from a report filed as PDF and may be incomplete.

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100%Elering AS2Erkki SappKalle KilkReigo Kebja1Riina KäiGunnar Okk1Jaanus Uiga3Merike Saks2Sirli Männiksaar3Veiko Haavapuu9+Omanikukonto: KLIIMAM…
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Elering AS — 2025 revenue 300 514 000 €, profit 21 742 000 €, 335 employees | entity.ee