Enel Américas (ENELAM) investor relations material

Executive summary

• Q2 2026 EBITDA rose 18% year-over-year to $1.25 billion, with net income up 31% to $0.25 billion, driven by strong performance in Brazil and Colombia, and favorable FX movements.

• Revenues for Q2 2026 reached $4.23 billion, up 21% year-over-year, with cumulative H1 2026 revenues at $8.15 billion, up 20%.

• Shareholders approved a new share buyback program of up to 5% of shares on July 23, 2026, with details to be defined by the Board.

• Total CapEx for Q2 2026 was $0.54 billion, stable year-on-year, with increased investment in grids and reduced generation CapEx.

• Cumulative net income for H1 2026 was $0.51 billion, up 18% year-over-year.

Financial highlights

• Q2 2026 revenues were $4.23 billion (+21% YoY); EBITDA reached $1.25 billion (+18% YoY); EBIT was $0.86 billion (+31% YoY).

• Cumulative H1 2026 EBITDA was $2.43 billion (+17% YoY); net income was $0.51 billion (+18% YoY).

• Funds from operations for H1 2026 rose 18% to $1.25 billion.

• Free cash flow was negative $0.25 billion after $0.98 billion in investments, mainly due to high CapEx and NWC pressure.

• Net financial debt increased 25% to $6.03 billion, mainly due to higher debt in Brazil and dividend payments.

Outlook and guidance

• 2026 financial guidance confirmed, with first half results in line with expectations and no material revisions anticipated.

• Growth in Brazil and Colombia expected to continue, supported by tariff indexation and currency appreciation.

• Ongoing investments in grids and digitalization to support future growth and resilience.

• Net working capital pressure expected to ease and be reabsorbed by year-end.

• Dividend payout at 30% with potential for future increase under review.