Ørsted Horns Rev 2 A/S — Financial report

CVR 31849322

Latest financial period

  • 2025 • 2025-01-01 • 2025-12-31 • entity • DKK • 437984000 • 247516000 • 178357000 • 137155000 • 1604258000 • 537165000 • 1000

Financial history

  • 2024 • 2024-01-01 • 2024-12-31 • entity • DKK • 376368000 • 191480000 • 103708000 • 89336000 • 1584735000 • 650010000 • 1000
  • 2023 • 2023-01-01 • 2023-12-31 • entity • DKK • 505781000 • 349345000 • 247196000 • 189589000 • 1570197000 • 560674000 • 1000
  • 2022 • 2022-01-01 • 2022-12-31 • entity • DKK • 1207623000 • 1033905000 • 828400000 • 625838000 • 2066240000 • 871085000 • 1
  • 2021 • 2021-01-01 • 2021-12-31 • entity • DKK • 481266000 • 317534000 • 194100000 • 137782000 • 1063532000 • 495247000 • 1
  • 2020 • 2020-01-01 • 2020-12-31 • entity • DKK • 404567000 • 258440000 • 65714000 • 37914000 • 897746000 • 357465000 • 1
  • 2019 • 2019-01-01 • 2019-12-31 • entity • DKK • 486134000 • 320171000 • 19412000 • 1424000 • 858596000 • 319551000 • 1
  • 2018 • 2018-01-01 • 2018-12-31 • entity • DKK • 475602000 • 314904000 • -151534000 • -131869000 • 1213929000 • 618127000 • 1
  • 2017 • 2017-01-01 • 2017-12-31 • entity • DKK • 491416000 • 330828000 • -367939000 • -301401000 • 1692206000 • 1049997000 • 1

Annual report highlights

  • primary activities • The Company's objects are to engage in activities in the energy sector and ancillary activities. The windfarm of Horns Rev 2 consists of 91 wind turbines with a total production capacity of 209MW.The windfarm of Horns Rev 2 is located in the North Sea approximately 30 kilometers off the west coast of Jutland. • entity
  • primary activities • The Company's objects are to engage in activities in the energy sector and ancillary activities. The windfarm of Horns Rev 2 consists of 91 wind turbines with a total production capacity of 209MW. The windfarm of Horns Rev 2 is located in the North Sea approximately 30 kilometers off the west coast of Jutland. • entity
  • development in activities and financial affairs • The company's income statement for the year ended 31 December 2025 shows a profit of 137.155 TDKK (2024: profit of 89.336 TDKK), and the balance sheet at 31 December 2025 shows equity of 537.165 TDKK (2024: 650.010 TDKK). Financial performance for 2025 (earnings before interest, taxes and depreciation) has increased by 29% compared to 2024. The increase in the financial performance is primarily driven by higher power prices in 2025 compared to previous year. • entity
  • development in activities and financial affairs • The company's income statement for the year ended 31 December 2025 shows a profit of 137.155 TDKK (2024: profit of 89.336 TDKK), and the balance sheet at 31 December 2025 shows equity of 537.165 TDKK (2024: 650.010 TDKK). Financial performance for 2025 (earnings before interest, taxes and depreciation) has increased by 29% compared to 2024. The increase in the financial performance is primarily driven by higher power prices in 2025 compared to previous year. • entity
  • expected development • Financial performance for 2026 is expected to be in line with 2025 due to continuing stable operations and power prices. Earnings before interest, taxes and depreciation is expected to be in the range of 240-280 MDKK. • entity
  • expected development • Financial performance for 2026 is expected to be in line with 2025 due to continuing stable operations and power prices. Earnings before interest, taxes and depreciation is expected to be in the range of 240-280 MDKK. • entity
  • recognition measurement uncertainty • Apart from the uncertainties surrounding future costs for decommissioning of production assets and restoring the seabed, the recognition and measurement of items in the annual report are not subject to any uncertainties. • entity
  • unusual matters • In pursuance of Section 99d of the Danish Financial Statements Act, the Company has omitted information on data ethics. Reference is made to the 2025 Data Ethics statement of Ørsted A/S: www.orsted.com/en/who-we-are/our-organisation/corporate-governance/data-ethics-report No events have occurred after the balance sheet date which could significantly affect the company's financial position. • entity
  • unusual matters • In pursuance of Section 99d of the Danish Financial Statements Act, the Company has omitted information on data ethics. Reference is made to the 2025 Data Ethics statement of Ørsted A/S: www.orsted.com/en/who-we-are/our-organisation/corporate-governance/data-ethics-report No events have occurred after the balance sheet date which could significantly affect the company's financial position. • entity
  • subsequent events • Financial performance for 2025 (earnings before interest, taxes and depreciation) has decreased compared to our expectations presented in previous year. The decline in the financial performance is primarily driven by lower then expected production volumes and higher then anticipated external expenses incurred in 2025. • entity
  • contingent liabilities • The group's Danish companies are jointly and severally liable for tax on group jointly taxes income, etc. Reference is made to the annual report for Ørsted A/S, the administration company in relation to joint taxation. The group's Danish companies are also jointly and severally liable for Danish withholding taxes on dividends, royalties and interests within the group of jointly taxed entities. Any subsequent corrections to income and withholding taxes may result in an increase in the entities' liability. The group's danish entities are jointly and severally liable for joint VAT registration. • entity