Securing energy supplies. Shaping the future.
VNG at a glance
Securing energy supplies. Shaping the future.
For decades, VNG has made a significant contribution to securing gas supplies in Eastern Germany and beyond. Today and also in the future, we make sure that our customers are reliably supplied with the energy that they need at all times. The basis for all this is diversified energy sources, a high-performance gas infrastructure and reliable international partnerships.
Our actions are informed by a three-pronged approach embracing economic stability, operational flexibility and strategic foresight. This has allowed us to more than hold our own in a challenging economic, regulatory and geopolitical environment. At the same time we have created the financial basis with a view to our own future to advance the transition to renewable and decarbonised gases – and to secure the competitiveness of our home region in the long term.
Financial strength as a foundation: VNG is built on a solid economic footing. An adjusted EBITDA of €422 million and an equity ratio of 41 per cent demonstrate the company’s stability. This enables targeted investments across the entire value chain and lays the groundwork for sustainable growth and responsible, forward-looking development.
Our broad presence across the entire gas value chain enables us to act swiftly and flexibly in a dynamic market environment and to manage investments in an economically sound and responsible manner. A balanced supply mix, strong import partnerships, high-capacity storage facilities and a reliable transmission network ensure security of supply and stability.
We are actively shaping the transformation of the energy system. With strategic vision, we are investing in biogas, hydrogen and a sustainable transport and storage infrastructure. In this way, we are strengthening the resilience of the energy system, promoting regional value creation and laying the foundations for a hydrogen-based, decarbonised future.
Key figures for the 2025 financial year
Present in five countries
From its headquarters in Leipzig, VNG operates an extensive Group network with subsidiaries and equity holdings in Germany, Poland, the Czech Republic, Austria and Italy.
VNG Annual Report 2025
“VNG can once again look back on a successful financial year, which we are closing on a very positive note overall. Despite a challenging market environment and significant geopolitical uncertainties, VNG has maintained a stable financial performance. Our focus remains on the gas industry value chain and the operation of critical infrastructure. We ensure the security of gas supply across all our business areas,” summarised Ulf Heitmüller, CEO of VNG AG, at this year’s annual press conference.
VNG closed the 2025 financial year with an adjusted EBITDA of EUR 422 million (2024: EUR 430 million). This means that the operating profit is almost on a par with the previous year but also well above expectations. The consolidated profit attributable to the shareholders of VNG AG amounted to EUR 200 million (2024: EUR 232 million).
The equity ratio rose from 33% to 41%, further consolidating the VNG Group’s very robust financial position and profitability. “Our financial strength affords us the stability we need to further develop the existing business in a selective manner, while investing in the infrastructure for renewable and decarbonised gases such as biogas and hydrogen and hence also in regional value creation. In 2025, we activated investments totalling 244 million euros across the Group – mainly in Eastern Germany and largely from our own resources,” highlighted Bodo Rodestock, VNG’s Chief Finance and Human Resources Officer. In the 2025 financial year, VNG generated invoiced revenue of around EUR 18 billion (2024: approx. EUR 16 billion). As of 31 December 2025, the VNG Group employed a total of 2,049 persons.
