Game Changer 2025

Game Changer 2025

Game Changer is the annual review of St1 Nordic, which presents St1’s Business review, Sustainability review, and Financial statements of the year 2025.

2025 key figures

1,057

32.3

MEUR

84.5

gCO₂eq/MJ

1.3

MtonCO₂eq

Management review: Staying the course

In a year defined by geopolitical instability, armed conflicts, and increasingly rapid swings in global economic and regulatory cycles, St1 has remained firmly on course. We have continued to drive the energy transition with balance and resilience, safeguarding the reliability of existing energy systems while investing in new low-emissions solutions.

Statement of the chairman of the board: Rebuilding the global energy system

The global energy transition is about redesigning how the entire energy system works. Some of the solutions we invest in today may not reach full scale within our careers. But that is precisely why long-horizon innovation matters: it builds the foundations of a resilient and competitive low-emissions economy for decades to come.

How we create value

Our business operations are structured around four value chains: Oil products value chain; HVO value chain; Biogas value chain; and EV charging value chain and Power business. These value chains are supported by our Business Units and Group Functions, which provide shared capabilities, governance and expertise across the Group.

Sustainability review

The Sustainability review has been prepared in anticipation of the EU Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS). This CSRD-inspired review represents an initial step towards future alignment with these frameworks.

Financial statements

Despite a challenging market environment in 2025, St1 Nordic Group maintained a solid financial position while continuing to invest in its long-term strategy.

Game Changer - St1's annual review