Energa (ENG) Q2 2025 earnings summary

Executive summary

• Sales revenue for H1 2025 reached PLN 10,597m, up 3% year-over-year, with net profit at PLN 843m, slightly above H1 2024's PLN 833m.

• EBITDA for H1 2025 was PLN 2,174m, compared to PLN 2,125m in H1 2024, reflecting stable operational performance.

• The Group continued to expand its renewable energy portfolio through acquisitions and investments in photovoltaic and wind assets.

Financial highlights

• Gross profit on sales for H1 2025 was PLN 2,123m, up from PLN 2,044m in H1 2024.

• Operating profit for H1 2025 was PLN 1,464m, compared to PLN 1,506m in H1 2024.

• Earnings per share (basic and diluted) for H1 2025 were PLN 2.05, nearly unchanged from PLN 2.04 in H1 2024.

• Cash and cash equivalents at 30 June 2025 stood at PLN 1,055m, up from PLN 989m at year-end 2024.

Outlook and guidance

• The Group plans ambitious development in the New Energy segment, focusing on renewable energy and energy storage.

• Ongoing regulatory changes, including electricity price caps and compensation mechanisms, are expected to impact future revenues.