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Financials

We deliver solid financial results through a keen focus on our core business. At the same time, we continuously work on optimising our operating model, improving scalability and maintaining a stable cost base.

Latest annual results

Solid earnings in low-volatility markets

In 2025, we delivered earnings before tax of EUR 88 million. The year was characterised by low-volatility markets, which was partly offset by strong performance in power trading and asset management, including the largest portfolio in company history. 

See our 2025 results
Archive

Download annual reports

Below, you can download PDF versions of our annual reports and see Danske Commodities’ results throughout the years.

Top credit rating

We hold a Baa1-rating with a stable outlook from Moody’s Investor Service, one of the world’s biggest credit rating agencies. The rating is two notches above investment grade and underlines our strengthened financial position under the ownership of energy major Equinor.

Solid risk management

We are committed to long-term, tightly controlled growth. One side of that coin is trading and services. The other is risk management. Risk management is a key element in our daily operations and our risk framework is anchored in the Board of Directors and the Risk Committee.

Danske Commodities’ risk management operates within the following main risk categories:

  • market risk
  • credit risk
  • operational and technology risk
  • liquidity risk
  • compliance risk
  • legal risk

We perform compliance checks to assist you better and manage risks more prudently.

88 EURm
adjusted EBT

in 2025

20,007 EURm
gross turnover

in 2025

66 %
equity ratio

in 2025