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ENEA (ENA) investor relations material
ENEA Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved net profit of PLN 1.77 billion, up 85% year-over-year, with EBITDA at PLN 5.62 billion, down 17%.
Revenue from sales and other income fell 15% to PLN 28.1 billion, mainly due to lower electricity prices and volumes.
Significant investments in renewables, grid modernization, and new gas-fired generation; CAPEX reached PLN 6.2 billion, up 83%.
Launched largest investment program in company history, including acquisitions of wind and PV projects and construction of CCGT units.
Financial highlights
Net profit: PLN 1.77 billion (up 85% y/y); EBITDA: PLN 5.62 billion (down 17% y/y).
Revenue: PLN 28.1 billion (down 15% y/y); net debt: PLN 2.71 billion (down 14% y/y).
Earnings per share: PLN 3.43 (up 30% y/y).
CAPEX: PLN 6.21 billion (up 83% y/y), with major outlays in renewables and distribution.
Outlook and guidance
Continued focus on energy transition, with further investments in renewables, energy storage, and grid upgrades.
Anticipates volatility in fuel and CO2 prices, and potential margin pressure in Generation.
Distribution remains stable; 2026 tariff approved, supporting long-term investment programs.
- Net profit rose to PLN 2,995.9 million, with record Q3 EBITDA margin and renewables growth.ENA
Q3 20243 Feb 2026 - Net profit was PLN 2.7B, EBITDA PLN 4.7B, as revenue fell and investment in transition accelerated.ENA
Q3 20253 Feb 2026 - Net profit reached PLN 2,023 million, with strong EBITDA and major renewables investments.ENA
Q2 20253 Feb 2026 - Net profit and EBITDA surged in H1 2024, with renewables and cost control driving results.ENA
Q2 202420 Jan 2026 - Record EBITDA, renewables expansion, and PLN 8B investment plan drive transformation.ENA
Q4 202429 Nov 2025 - Q1 2025 net profit rose to PLN 1,154.99m, with higher EBITDA and major renewables investments.ENA
Q1 202520 Nov 2025
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