Uniper to restart dividends in 2025 after energy crisis recovery
Uniper's 2025 figures reveal one key takeaway: the special effects of the energy crisis have largely been absorbed. The company itself describes this as a "normalization" of business. A notable shift is occurring between its segments—while renewable generation continues to grow, contributions from flexible power production and, in particular, trading have declined significantly. For 2025, Uniper plans to resume dividend payments of €0.72 per share, the first payout since the energy crisis. However, the vast majority will go to the state, which still holds around 99% of the company's shares.
The outlook for 2026 fits this same pattern. Uniper forecasts adjusted EBITDA of between €1.0 billion and €1.3 billion, indicating a stable to slightly improving earnings level. Net profit is expected to range from €350 million to €600 million. The relatively wide spread underscores the company's continued dependence on energy and commodity market conditions.
Uniper's stock has surged to a resistance zone between €46.30 and €48.00. There, however, sellers quickly re-entered the market, partly for profit-taking. This pullback has driven the share price back down to a support zone between €37.70 and €38.90—a level derived from previous highs that has now flipped from resistance to support.
As long as the stock holds above this zone, the signal remains bullish, with the next upside targets being the recent highs and a potential breakout beyond them. A drop below the support zone, on the other hand, would suggest further weakness, likely bringing the €32.00 mark back into play.
