Energa (ENG) Q1 2026 earnings summary

Executive summary

• Q1 2026 net profit rose to PLN 779 million, up 52% year-over-year, with revenue increasing 6% to PLN 6,298 million.

• Adjusted EBITDA increased 27% year-over-year to PLN 1,525 million, driven by strong Distribution and New Energy segments.

• Total comprehensive income reached PLN 764 million, compared to PLN 454 million in Q1 2025.

Financial highlights

• Revenue reached PLN 6,298 million, up 6% year-over-year.

• Adjusted EBITDA was PLN 1,525 million, a 27% increase year-over-year.

• Net profit rose 52% year-over-year to PLN 779 million.

• Operating profit increased to PLN 1,141 million from PLN 850 million year-over-year.

• Earnings per share increased to PLN 1.88 from PLN 1.26 year-over-year.

Outlook and guidance

• Higher electricity distribution volumes expected due to weather-driven demand.

• Expansion of renewable asset base and higher production volumes anticipated to support further EBITDA growth in New Energy.

• The group expects continued seasonality in electricity and heat sales, with higher volumes in winter.

• Ongoing monitoring of geopolitical risks and inflationary pressures is emphasized.