Uniper 2026 Outlook and Dividend Announcement

Uniper SE, the Düsseldorf‑based energy company, announced on 10‑Nov‑2026 that it has raised its 2026 adjusted net‑income guidance to a range of €550 million to €650 million, lifting the upper bound by €50 million from the prior €500‑€600 million outlook. The adjusted EBITDA forecast remains unchanged at €1.1 billion to €1.3 billion for 2026.

The firm also set a dividend floor of €300 million per year with a 7 % growth target and proposed a dividend of €321 million for 2026, equivalent to €0.77 per share. This represents a 7 % increase over the €300 million (€0.72 per share) dividend planned for 2025. The dividend payout is subject to shareholder approval and to Uniper SE’s net income under German accounting rules being sufficient.

For the first nine months of the fiscal year, adjusted EBITDA reached €1.02 billion, up from €641 million in the same period a year earlier, while adjusted net income rose to €579 million from €268 million year‑on‑year. Adjusted figures exclude non‑operating items.

Reported results showed a net loss of €502 million, contrasting with a profit of €568 million a year earlier, and earnings per share fell to a loss of €1.21 from a profit of €1.35.

Segment‑level performance indicated that adjusted EBITDA for Green Generation declined to €350 million from €540 million, driven by reduced availability of Uniper’s nuclear fleet in Sweden and lower hydropower water flow. Flexible Generation’s adjusted EBITDA fell to €427 million from €459 million, mainly because one‑off legal‑dispute settlement gains did not recur, partially offset by higher U.K. capacity‑market income. Greener Commodities posted adjusted EBITDA of €494 million, a turnaround from a €196 million loss a year earlier, reflecting the cessation of gas‑business optimisation costs that had weighed on the prior year.

Operating cash flow for the period stood at €1.59 billion, and net cash at the end of September was €4.08 billion.

Uniper will present its detailed investment plan at a capital‑markets day scheduled six days after this announcement.