Energa (ENG) Q4 2025 earnings summary

Executive summary

• Revenue increased to PLN 21,138m in 2025 from PLN 20,887m in 2024, with net profit rising sharply to PLN 1,247m from PLN 339m year-over-year.

• Operating profit grew to PLN 2,224m from PLN 1,521m, and EBITDA reached PLN 3,601m, up from PLN 3,434m.

• Key drivers included higher sales, improved operating efficiency, and significant compensation from the Price Difference Payout Fund.

• Major acquisitions in renewables (wind and solar) expanded installed capacity and future growth potential.

Financial highlights

• Sales revenue: PLN 21,138m (up 1.2% year-over-year).

• Net profit: PLN 1,247m (up from PLN 339m year-over-year).

• EBITDA: PLN 3,601m (up from PLN 3,434m year-over-year).

• Earnings per share: PLN 3.00 (up from PLN 0.91 year-over-year).

• Cash and cash equivalents: PLN 1,174m (up from PLN 989m year-over-year).

Outlook and guidance

• Continued focus on renewable energy investments and grid modernization.

• Ongoing regulatory changes and tariff adjustments expected to impact future results.

• Management expects further growth in renewable capacity and ongoing integration with ORLEN Group.