Latest news with #ABKNEnergies
Yahoo
2 days ago
- Business
- Yahoo
500 kW solar power plant to be installed at KN Energies' Klaipėda liquid energy products terminal
On 14 August 2025, AB KN Energies and UAB Elmitra, the contractor selected through a public procurement procedure, signed a contract for the installation of a 500 kW solar power plant at the Klaipėda liquid energy products terminal. The project covers all installation stages – from design to grid connection. Photovoltaic modules will be installed on the rooftops of buildings and throughout the terminal's territory. It is estimated that the plant will generate nearly half a gigawatt-hour of electricity annually, helping avoid more than 74 tons of CO₂ emissions. This amount is equivalent to the emissions from driving approximately 418,000 kilometers in a car or burning 29,000 liters of diesel – all of which will no longer be emitted into the atmosphere once the powerplant is operational. KN Energies will invest nearly 350 thousand euros in the project, part of which has been received as investment support under the "New Generation Lithuania" plan, funded by the European Union's "NextGenerationEU" instrument. Tomas Tumėnas, Chief Financial Officer, +370 46 391772Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
AB KN Energies unaudited financial information for the 3 months of 2025
AB KN Energies (hereinafter – KN, the Company) announces the unaudited consolidated (hereinafter – the Group) and separate financial results for the 3 months ended 31 March 2025. Key financial indicators for the 1- 3 months of 2025: EUR millions Group Company 1-3 months of 2025 1-3 months of 2024 1-3 months of 2025 1-3 months of 2024 Revenue 25.3 24.4 24.3 23.6 EBITDA 13.6 14.1 13.1 13.7 Net profit (loss) 4.4 2.6 4.0 2.2 Adjusted net profit (loss) 4.4 6.0 4.0 5.7 Management comment: Revenue from liquid energy terminals for 1-3 months of 2025 amounts to EUR 7.9 million, which is an increase of 8 % compared to the same period in 2024 (EUR 7.3 million). This growth was driven by increased income from tank rentals and liquid energy product storage services, as well as a roughly 11 % rise in handling volumes. Revenues from the regulated LNG business segment amounted to EUR 15.0 million in the first quarter of 2025, remaining at a similar level compared to the same period in 2024 (EUR 14.9 million). The terminal's regasification and reloading volumes reached 8.7 TWh, which is 1.7 TWh higher than in the same period in 2024 (7.0 TWh). Revenue from commercial LNG activities in 1–3 months of 2025 amounts to EUR 2.5 million, which is higher than in the same period of 2024 (EUR 2.1 million). This growth in revenue was driven by LNG projects abroad, activities in Brazil, and the development of the Klaipėda LNG value Consolidated and Separate Financial Statements of AB KN Energies for 3 months period ended 31 March Tumėnas, Chief Financial Officer, +370 46 AB KN Energies IFRS Q1 2025
