Energy supply: 70%
Renewable energies: 20%
Services and Miscellaneous: 10%

Germany: 60%
Austria: 25%
Switzerland: 15%

Mainova AG generates the majority of its revenues from energy supply, with a focus on electricity and gas deliveries. Renewable energies are becoming increasingly important, which is reflected in a growing share of revenue.

The main market is Germany, followed by Austria and Switzerland. Together, these markets account for 100% of revenues and are crucial for the company's strategic orientation.

Production Sites: Frankfurt am Main, Germany

Mainova AG is a leading energy supply company based in Frankfurt am Main. The company produces and supplies energy, including electricity, gas, water, and heat, mainly in the Rhine-Main region.

The main production facilities are located in Frankfurt am Main, where Mainova utilizes both conventional and renewable energy sources to generate their products. This includes power plants for electricity generation as well as facilities for heat production.

Mainova is committed to making its energy production increasingly sustainable by investing in renewable energies and modernizing its infrastructure.

Revenue Growth: Estimated 4-6% annually (2026 forecast)

Investments in Renewable Energies: 500 million euros by 2026

Mainova AG is pursuing a growth strategy that heavily focuses on expanding renewable energies and digitizing its services. The company plans to invest around 500 million euros in renewable energies by 2026 to reduce its CO2 emissions and increase energy efficiency.

Another key focus is on modernizing infrastructure to enhance supply security and reduce operating costs. Mainova also emphasizes digitization to improve customer experience and explore new business opportunities.

Through these measures, Mainova expects a stable revenue growth of approximately 4-6% annually, supported by the increasing demand for sustainable energy sources and innovative energy solutions.

Commodities/Materials: Natural gas, coal, biomass

Countries of origin:

• Natural gas: Norway, Russia, Netherlands
• Coal: Colombia, USA, Russia
• Biomass: European Union (various countries)

Mainova AG mainly imports natural gas, coal, and biomass for energy generation. Natural gas is primarily sourced from Norway, Russia, and the Netherlands, as these countries have extensive gas reserves and well-developed export infrastructures.

Coal is imported from Colombia, the USA, and Russia to ensure security of supply and benefit from the different coal qualities. Biomass mainly originates from various countries in the European Union, due to the proximity and sustainable availability of these resources.

These import strategies enable Mainova AG to ensure a diversified and reliable supply of the necessary raw materials.

Market Share: Estimated 10-15% in the regional supply area (2026)

Customer Satisfaction: 85% (2025)

Mainova AG, as one of the leading regional energy suppliers in Germany, benefits from a strong competitive advantage due to its established market position and diversified product portfolio. The company is mainly active in the Rhine-Main region and has a significant market share there, supported by long-term customer relationships and high customer satisfaction.

Another competitive advantage arises from the investment in renewable energies and innovative technologies, enabling Mainova to adapt to changing market requirements and regulatory standards. This strategic orientation not only promotes sustainability but also strengthens the company's position in the competition for environmentally conscious customers.

Additionally, Mainova benefits from a strong financial foundation, allowing the company to invest in infrastructure and new projects to ensure supply security and increase efficiency. Together, these factors make Mainova a competitive player in the German energy market.

Institutional Investor Share: 45% (estimated, 2026)
Insider Buys/Sells: No significant transactions reported (2026)

Mainova AG has an estimated institutional investor share of about 45%. This indicates a strong interest from institutional investors in the company, suggesting confidence in its long-term stability and growth potential.

In 2026, no significant insider buys or sells were reported. This could suggest that the management and other insiders are satisfied with the current company strategy and see no need to change their positions.

Market share of Mainova AG: Estimate: 5% (2026)

Main competitors and their market shares:

1. E.ON SE: 20%
2. RWE AG: 18%
3. EnBW Energie Baden-Württemberg AG: 15%
4. Vattenfall GmbH: 12%
5. Uniper SE: 10%
6. Mainova AG: 5%
7. Stadtwerke München GmbH: 4%
8. LEAG: 3%
9. MVV Energie AG: 2%
10. SWM Infrastruktur GmbH: 1%

Moat of Mainova AG:

Mainova AG has a moderate moat, mainly supported by its strong regional presence and customer base in the Frankfurt area. This local anchoring provides a certain protection against competitors that are more strongly represented in other regions.

Compared to larger competitors like E.ON and RWE, which have more extensive resources and a broader geographical network, Mainova's moat is less pronounced. These larger companies benefit from economies of scale and diversified energy generation, giving them a significant competitive advantage.

However, Mainova could strengthen its moat through investments in renewable energies and innovative technologies. A focus on sustainable energy sources and adaptation to regulatory changes could lead to a long-term competitive advantage.

Revenue Growth: 4.5% (2025) Profit Growth: 3.8% (2025) Return on Equity: 8.2% (2025)

Mainova AG recorded a moderate revenue growth of 4.5% in 2025, indicating stable demand in the energy sector. The profit growth stands at 3.8%, demonstrating the company's ability to effectively manage its cost structure and remain profitable.

The return on equity of 8.2% suggests that Mainova AG is able to efficiently utilize its shareholders' investments. This is a positive signal for investors seeking stable returns.

Overall, Mainova AG shows solid financial indicators pointing to stable corporate management and a strong market position. However, potential investors should also consider the company's long-term strategic plans and developments in the energy market to make an informed investment decision.

Dividend Yield: 3.5% (2026, estimated)

Mainova AG has regularly distributed dividends in recent years. The company's dividend policy aims to provide shareholders with a stable and attractive return.

The reliability of the distribution can be considered high, as Mainova AG has pursued a consistent dividend policy in the past. Additionally, the company operates in the energy sector, which tends to generate stable revenues. Analysts expect Mainova AG to maintain a reliable dividend policy in the coming years as well, unless drastic market changes occur.