Siemens Energy has closed its fiscal year, ended in September, with an attributable net profit of 3.783 billion euros, which represents a 168% jump compared with the gains recorded a year earlier by the owner of the former Gamesa. The company has also reported a positive result before extraordinary items of 8 million euros.
"Siemens Gamesa reached break-even by the end of the fiscal year, as promised the previous year, and recorded a second positive quarter in fiscal year 2026", the German company said at the presentation of its accounts, emphasizing that this progress marks a key step in its recovery process, so the focus now shifts to continuity in execution and future growth.
The group’s wind division finished the year with a profit before extraordinary items of 8 million euros, a complete turnaround from the losses of 1.364 billion the previous year, and including gains before unusual items of 23 million between July and September.
Siemens Gamesa’s annual revenue reached 10.562 billion euros, 1.8% higher, driven by a fiscal fourth quarter in which invoicing rebounded 7.1%, to 2.939 billion euros.
"Siemens Gamesa offers greater potential for earnings recovery as its restructuring progresses, along with opportunities arising from wind demand beyond 2030", the company said.
Across the whole group, Siemens Energy signed a record year by posting an attributable net profit of 3.783 billion euros, versus a result of 1.414 billion in the prior year. Orders advanced 15.6%, to 68.102 billion, and revenue improved 13.2% year-on-year, to 44.243 billion euros.
By areas of activity, revenue from the gas services business stood at 14.503 billion, 18.9% higher. The grid technologies division billed 14.106 billion, 24.8% higher, while the industrial transformation business grew 2.2%, to 5.847 billion. In turn, Siemens Gamesa increased its annual sales by 1.8%, to 10.562 billion.
Between July and September, the multinational’s fourth fiscal quarter, Siemens Energy recorded an attributable net profit of 1.257 billion euros, more than seven times the 168 million from the same period of the previous fiscal year. In those three months, revenue rose by 23%, to 12.826 billion, and orders increased by 4.2%, to 14.818 billion euros.
The company explained that this performance was supported by a favorable market environment and more efficient operational execution, which allowed it to convert a larger portion of its order backlog into profitable revenue, especially in Gas Services and Network Technologies.
"We meet our commitments: we reached all the revised forecast targets upwards, increased profits significantly, and achieved break-even in our wind business," said Christian Bruch, Chairman and Chief Executive Officer of Siemens Energy, who considers that these results lay the groundwork for the next phase of the group’s transformation.
Along these lines, Siemens Energy stressed that it continues to take advantage of attractive end markets and a strong competitive position, highlighting that demand for electrical infrastructure remains high, while it expands its capacity and executes an order backlog at historically record highs with profitability.
Forecasts and shareholder remuneration policy
For fiscal year 2027, the multinational projects comparable revenue growth of between 14% and 16% and a profit margin before exceptional items also of between 14% and 16%. In addition, it expects to achieve net profit close to 5.000 billion euros and free cash flow before tax of around 10.000 billion.
Looking ahead to fiscal year 2030, Siemens Energy sets itself a target of a comparable compound annual growth rate of revenue of between 12% and 14%, together with a profit margin before exceptional items of between 20% and 22%.
"Fiscal year 2026 was another record year, and we met our ambitious targets; now we are aiming even higher for 2027 and 2030," said Maria Ferraro, Siemens Energy’s Chief Financial Officer.
In the chapter on shareholder remuneration, and "as a reflection of the great success of its business," Siemens Energy has stated its intention for the company's owners to participate in these results. Thus, in addition to the share buyback carried out in the last financial year for a total amount of 3.1 billion euros, the group has proposed a dividend of 2.30 euros per share charged to the 2026 fiscal year, compared with the 0.70 euros of the previous year, equivalent to approximately 50% of net profit attributable, adjusted for extraordinary effects that are non-monetary.
Likewise, Siemens Energy has communicated the expansion of its share buyback program, with which it now expects to acquire up to an additional 9.0 billion euros in treasury shares by the end of the 2030 fiscal year.