Leipzig, 29 April 2026 – EEX Group concluded a highly successful financial year 2025, achieving new record results across key financial metrics. Total revenue increased by 10% year-on-year to EUR 737 million (2024: EUR 670 million). Earnings before interest and taxes (EBIT) rose significantly by 17% to EUR 394 million (2024: EUR 337 million) year-on-year. This performance was driven in particular by significantly higher trading volumes in the Group’s highest revenue business segments, power and natural gas.
Peter Reitz, CEO of EEX, comments: “In 2025, the year marking our 25th anniversary, we further strengthened EEX Group’s global market position. We achieved continued volume growth in our established markets while also expanding liquidity in new and developing markets, such as the power derivatives markets in Japan and Northern Europe. The continuous development of our product and services portfolio, in close dialogue with our customers and stakeholders, remains a key success factor in sustainably strengthening our markets.”
Power and natural gas deliver strong growth in volumes and revenues
Trading volumes on the Group’s power markets increased by an overall 9% in 2025 year-on-year, surpassing 13,000 TWh, with significant growth recorded across all European, North American and Japanese markets. EEX Group thereby further consolidated its position as the world’s largest power trading platform.
The volume growth resulted in a clear increase in revenues on the European power spot markets operated by EPEX SPOT (EUR 106 million, +4%) and the European power derivatives markets (EUR 211 million, +9%). Revenue from Japanese power derivatives market almost doubled to EUR 5.2 million (+95%), while trading on the US commodity markets at Nodal Exchange contributed EUR 46 million to total revenues (+11%).
The natural gas segment also saw a substantial expansion in trading volumes, both on the European spot markets (+18%) and derivatives markets (+30%). Revenue from the European gas spot markets increased by 26% to EUR 89 million, while gas derivatives markets contributed EUR 38 million (+24%).
Market development focus areas in 2025
A key strategic focus in 2025 was the further development of local markets, aligned with the specific needs of the respective trading communities.
In Japan, EEX continued to expand its offering with products specifically tailored to local market requirements. These included futures matching the Japanese fiscal year as well as the introduction of a central order book alongside the existing trade registration service. In addition, the product portfolio was extended to include contracts for the Chubu market area.
In the Nordic power futures markets, EEX recorded a noticeable increase in trading activity in the second half of the year. Following the introduction of a targeted incentive programme and strengthened local presence through the establishment of new offices in Oslo and Stockholm, including additional client-facing staff, liquidity in this market increased significantly.
Furthermore, EEX expanded its natural gas offering to include three Baltic-Finnish market areas. This market integration enabled local market participants with access to the liquid European gas markets at EEX, while at the same time opening the Baltic-Finnish markets to EEX’s broader customer network. As a result of the integration, trading volumes on these markets rose by 58% year-on-year in the period between September and December 2025.
In addition, EEX Group continued to support the integration of renewable energies through targeted product development. A key milestone was the transition of the EPEX SPOT Day-Ahead Auction from hourly contracts to 15-minute intervals, addressing the growing need for flexibility in the power market. Moreover, EEX expanded its Guarantees of Origin futures offering with additional products and introduced futures in relation to the upcoming emissions trading scheme EU ETS 2.
Outlook 2026
In the first quarter of 2026, trading volumes on EEX Group markets increased again significantly. Compared to the first quarter of the previous year, European power spot markets at EPEX SPOT grew by 14%, while European power derivatives markets increased by 29%. Volumes on the European natural gas markets also rose markedly (spot markets +9%, derivatives markets +62% versus Q1 2025). In particular, the month of March was characterised by high trading activity, driven by heightened uncertainty on global energy markets.
In the remainder of this year, EEX Group will continue to strengthen its markets and further develop its product portfolio in addition to supporting the energy transition and the decarbonisation of the energy sector. Planned initiatives include new short-term power futures in Belgium and Japan, as well as additional maturities in gas derivatives trading. In the environmental products segment, the offering will be further expanded, including the introduction of products for trading in the UK Emissions Trading Scheme, the extension of maturities in the Guarantees of
Origin derivatives market, and the first-ever auctions in the German national emissions trading scheme (nEHS). In addition, EEX aims to continue to strengthen its market presence in the Nordic power markets and across the Asia Pacific region. To further improve capital efficiency in risk management, EEX Group’s clearing house European Commodity Clearing (ECC) is also in the process of introducing a new portfolio-based margining approach.
Find the full press release in German and English below.
EEX Group builds secure, successful and sustainable commodity markets worldwide – together with its customers. The group offers trading in power, natural gas, environmental products, freight and agriculturals as well as subsequent clearing and registry services, connecting a network of more than 1,000 trading participants. EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, Power Exchange Central Europe (PXE) and Nodal Exchange as well as the software companies KB Tech and Lacima. Clearing is provided by EEX Group’s clearing houses European Commodity Clearing (ECC) and Nodal Clear. EEX Group is part of Deutsche Börse Group.
CONTACT
EEX Public Relations
T +49 341 2156-300
presse@eex.com