For investors

As of 31 March 2026, Eesti Energia’s debt obligations amounted to EUR 1,453 million and the net debt to EBITDA ratio stood at 3.98x. Eesti Energia’s debt consisted of loans received from the European Investment Bank with a nominal value of EUR 373.6 million, loans from the Nordic Investment Bank with a nominal value of EUR 141.4 million, a loan from the European Bank for Reconstruction and Development with a nominal value of EUR 4.8 million, loans from commercial banks with a nominal value of EUR 780.4 million, and bonds traded on the Baltic Exchange in the amount of EUR 50 million. As of the end of September 2025, loans of the Group’s subsidiary Enefit OÜ (formerly Enefit Green) accounted for EUR 856.6 million of the Group’s total debt.

The Group’s liquidity buffer includes both liquid financial assets and undrawn loan facilities. As of 31 March 2026, undrawn loan facilities amounted to EUR 350 million. Of this, the parent company Eesti Energia AS accounted for EUR 200 million, consisting of revolving credit facilities totalling EUR 200 million with maturities between September 2026 and September 2028. Enefit OÜ’s undrawn loan facilities amounted to EUR 150 million as of 31 December 2025. More information can be found in Eesti Energia AS’s interim report.

Sustainability-Linked Loan SPO (January 2023)

Green Finance Framework (June 2024)

Sustainability Quality of the Issuer and Green Finance Framework, SPO (June 2024)

Green Finance Framework (April 2026)

Sustainability Quality of the Issuer and Green Finance Framework, SPO (April 2026)