“It is with pride that I look back on a truly transformative year for Scatec. We have delivered strong growth across the business while maintaining financial discipline, strengthening our balance sheet and building a record-high project portfolio. This demonstrates our successful strategy of combining scalable growth with a focus on returns and resilience. With strong visibility on our backlog and continued demand for clean, reliable and affordable power, we are well positioned to continue delivering value in the years ahead,” says Scatec CEO, Terje Pilskog.

In 2025 Scatec generated total proportional revenues of NOK 11,002 million and EBITDA of 4,568 million, reduced the gross corporate interest-bearing debt by 25%, and ended the year with an all-time high growth portfolio.

The 2025 Integrated Annual Report includes the EU Taxonomy disclosure and Sustainability Statements, prepared in accordance with the EU Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS).

With reference to note 18 of the annual integrated report, an adverse outcome of a litigation process in India in February 2026 resulted in a drawdown under a guarantee provided by Scatec and a subsequent adjustment of the 2025 financial statements. Scatec continues to challenge the outcome in the legal system.

The Executive Remuneration Report and the Green Finance Report are disclosed separately. The disclosures are available on Scatec’s website: https://www.scatec.com/en/investors/reports-presentations/.