Energa (ENG) Q1 2025 earnings summary

Executive summary

• Net profit for Q1 2025 reached PLN 484m, up from PLN 431m year-over-year, with revenue at PLN 5,769m, a 7% increase compared to Q1 2024.

• EBITDA for Q1 2025 was PLN 1,164m, compared to PLN 1,087m in Q1 2024.

• The Group continued to benefit from compensation mechanisms related to statutory caps on electricity and gas prices.

Financial highlights

• Sales revenue increased to PLN 5,769m from PLN 5,373m year-over-year.

• Net profit attributable to equity holders was PLN 492m, up from PLN 436m.

• Basic and diluted EPS rose to PLN 1.19 from PLN 1.05.

• Cash and cash equivalents at period end were PLN 837m, down from PLN 989m at year-end 2024.

• Total assets stood at PLN 34,757m, slightly down from PLN 35,639m at year-end 2024.

Outlook and guidance

• The Group expects continued regulatory impacts from capped electricity and gas prices, with compensation mechanisms in place.

• Recent acquisitions in renewable energy are expected to support future growth.