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ENEA (ENA) investor relations material
ENEA Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net profit for H1 2026 reached PLN 1,503.7 million, down from PLN 2,023.0 million in H1 2025, with comprehensive income at PLN 1,565.1 million for the period.
Revenue from sales for H1 2026 was PLN 12,811.0 million, a decrease from PLN 13,764.7 million in H1 2025.
The Group continued its strategic investments in renewable energy and distribution network expansion.
Financial highlights
EBITDA for H1 2026 was PLN 2,752.2 million, compared to PLN 3,386.8 million in H1 2025.
Net profit attributable to shareholders was PLN 1,497.1 million (PLN 2.83 per share), down from PLN 1,925.4 million (PLN 3.63 per share) year-over-year.
Cash and cash equivalents at 30 June 2026 stood at PLN 5,361.4 million, up from PLN 4,524.8 million at year-end 2025.
Total assets were PLN 39,809.7 million, with equity at PLN 19,006.5 million.
Capital expenditures on property, plant, and equipment totaled PLN 2,886.4 million in H1 2026.
Outlook and guidance
The Group is focused on transformation towards low-carbon energy, expanding renewable generation and distribution infrastructure.
Major grant funding and preferential loans support ongoing investment in grid modernization and renewables.
The planned demerger of trading operations is not expected to materially impact future consolidated results.
- PLN 107.5 billion will drive a green transition, cutting CO₂ by 64% and boosting renewables.ENA
Strategy presentation - Revenue and EBITDA fell, but renewables and grid investments advanced amid market volatility.ENA
Q1 2026 - Revenue and EBITDA declined, but net profit rose as investments drove growth in distribution and RES.ENA
Q4 2025 - EBITDA reached PLN 4.7B as profit and revenue fell, but renewables investment accelerated.ENA
Q3 2025 - Net profit rose to PLN 2.02 billion, with strong EBITDA and major renewables investments.ENA
Q2 2025 - Net profit rose to PLN 2,995.9 million, with EBITDA up 55% and strong RES investment.ENA
Q3 2024 - Net profit hit PLN 1,969.7m and EBITDA reached PLN 3.5bn in H1 2024 despite lower revenue.ENA
Q2 2024 - EBITDA grew 8.1% to PLN 6.8bn despite a 31.6% revenue drop and major asset write-offs.ENA
Q4 2024 - EBITDA and net profit rose despite lower revenue, driven by mining, trading, and renewables growth.ENA
Q1 2025
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