Denmark's Yggdrasil's revenue climbs to $123M as profit gets reinvested into growth

What's the deal? Yggdrasil CommoditiesDealroom has a profile for this one. Try Dealroom →, an Aalborg-based energy trader, grew revenue 20% to US$120.4M — about $123 million — in its 2025/26 financial year, up from US$100.2M, even as pre-tax profit eased to US$71.7M from a record US$101.6M the year before. Equity rose to US$85.5M from US$76.6M and headcount grew to 38 from 33.

What does it do? Founded in 2018 by Søren Agersbæk Jensen and Søren Bondo Andersen, the firm buys and sells electricity across 39 short-term power markets on three continents. It relies on algorithms rather than headcount, and sees itself primarily as a tech company.

Why now? The record profit year was fuelled by a 12% rise in average power prices and a 49% jump in traded volume. Yggdrasil calls 2025/26 a consolidation year instead — strengthening its operating platform and internal processes while still growing the top line, rather than chasing another profit spike.

What's the endgame? The company launched a European renewable energy market-access platform during the year, extending its trading model into weather-driven power systems — a concrete step on its earlier-flagged Europe asset-management push. Automation still lets it enter new markets without a matching jump in staff, and profit is increasingly funnelled back into the platform and payroll rather than paid out in full to the two founders, who remain majority owners.

The clearer trendline here is revenue, not the profit line: it's up 20% year-on-year, and equity grew alongside it, from US$76.6M to US$85.5M — a sign the gap between this year's lower profit and last year's record is being reinvested in automation, the new platform and five additional hires, rather than simply paid out.

The signal: As renewables raise their share of electricity markets, power supply grows more exposed to weather, and markets trend toward shorter delivery windows and tighter interconnection. That widens the gap between supply and demand that short-term traders like Yggdrasil exist to close — and a growing top line, even through a quieter profit year, suggests the model keeps scaling.

Read more: yggdrasilcommodities.com, migogaalborg.dk, lnkd.in, yggdrasilcommodities.com (2025/26 report)

Image credit: Yggdrasil Commodities