Siemens Gamesa’s profit before special items narrowed to a €303m loss in the fourth quarter, according to Siemens Energy.
The company said the improvement of 34.6% year on year was driven by operational gains across the business.
Siemens Energy added that the result remained negative due to low-margin onshore contracts and costs linked to the offshore ramp-up.
The group also said Siemens Gamesa was hit hardest among its segments by US tariffs, which weighed on component costs.
Revenue at the turbine maker fell to €2.744bn in the quarter compared with €3.082bn a year earlier.
Orders dropped to €1.123bn from €4.145bn following what Siemens Energy described as a single €2.9bn North Sea award booked in the prior year.
The reported quarterly loss at Siemens Gamesa narrowed to €353m from €478m.
The profit margin before special items improved by four percentage points to –11%.
Special items totalled a negative €50m, mainly due to a revaluation linked to the disposal of the Indian wind business.
Siemens Gamesa closed the period with a book-to-bill ratio of 0.41 and a backlog of €36bn.
At group level, Siemens Energy delivered adjusted EBITA before special items of €1.312bn for the full year, up from €1.152bn.
Net income for the year stood at €1.128bn compared with a €2.9bn loss in fiscal 2024.
Chief executive Christian Bruch said Siemens Energy had “delivered solid results in a demanding year” and reiterated that stabilising Siemens Gamesa remains the group’s central priority.