Danish Trader InCommodities Plans U.S. Natural Gas Expansion After Profit Drop
InCommodities reported fiscal 2025 pre-tax profit of €2.95 million, down from €72.5 million the prior year. The Goldman Sachs-backed firm is moving into U.S. physical natural gas markets as European volatility declines.
japantimes.co.jpInCommodities reported fiscal 2025 pre-tax profit of €2.95 million ($3.41 million), down from €72.5 million a year earlier and below its original target range of €85 million to €195 million. The company attributed the decline to calmer European energy market conditions that reduced trading opportunities and compressed margins.
Background The results mark a reversal from the higher profits generated during the Russia-Ukraine war period in European power and gas markets. Many European energy traders are now seeking growth in LNG-linked gas markets, renewable energy services, and physical trading businesses that can generate earnings when volatility stays low.
InCommodities is expanding into U.S. physical natural gas markets, Bloomberg reported on Monday. The move follows the broader industry shift toward physical trading as European volatility fades.
