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MESSAGE _ENGLISH VERSION_ |
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Current Report No.: 35/2026
Date of Preparation: 11 August 2026
Issuer's Abbreviated Name: Enea S.A.
Subject: Information on preliminary financial and operating results for
H1 2026 and Q2 2026
Legal Basis: Article 17_1_ of the Market Abuse Regulation - inside
information
Body of the report:
In connection with the adoption, on 11 August 2026, by the Management
Board of Enea S.A. _"Company", "Issuer"_, of information on preliminary
financial and operating results of the Enea Group for the first half of
2026 and the second quarter of 2026, the Company hereby publishes the
said preliminary results.
Consolidated financial results of the Enea Group for H1 2026:
- Revenue from sales and other income: PLN 12,822 million,
- EBITDA: PLN 2,752 million,
- Profit before tax: PLN 1,898 million,
- Net profit for the reporting period: PLN 1,504 million,
- Net profit attributable to shareholders of the parent company: PLN
1,497 million,
- Capital expenditures on property, plant and equipment and intangible
assets: PLN 2,946 million,
- Net debt / LTM EBITDA ratio: 0.46.
EBITDA in the distinct operating areas:
- Mining: PLN 107 million,
- Generation: PLN 1,101 million, of which: PLN 835 million from
conventional energy sources, PLN 123 million from RES, PLN 143 million
from heat,
- Distribution: PLN 1,449 million,
- Trading: PLN 95 million, of which: retail trading of PLN 84 million,
wholesale trading of PLN 12 million.
Selected operating highlights:
- Net coal production: 4.4 million tons,
- Total net electricity generation: 10.5 TWh, of which 0.6 TWh from
biomass and 0.3 TWh from RES,
- Sales of distribution services to end users: 10.4 TWh,
- Sales of electricity and gaseous fuel to retail customers: 11.8 TWh.
Consolidated financial results of the Enea Group for Q2 2026:
- Revenue from sales and other income: PLN 5,639 million,
- EBITDA: PLN 1,204 million,
- Profit before tax: PLN 742 million,
- Net profit for the reporting period: PLN 578 million,
- Net profit attributable to shareholders of the parent company: PLN 568
million,
- Capital expenditures on property, plant and equipment and intangible
assets: PLN 1,963 million,
- Net debt / LTM EBITDA ratio: 0.46.
EBITDA in the distinct operating areas:
- Mining: PLN 81 million,
- Generation: PLN 464 million, of which: PLN 397 million from
conventional energy sources, PLN 42 million from RES, PLN 25 million
from heat,
- Distribution: PLN 708 million,
- Trading: PLN 24 million, of which: retail trading of PLN 11 million,
wholesale trading of PLN 13 million.
Selected operating highlights:
- Net coal production: 2.3 million tons,
- Total net electricity generation: 4.5 TWh, of which 0.3 TWh from
biomass and 0.2 TWh from RES,
- Sales of distribution services to end users: 5.0 TWh,
- Sales of electricity and gaseous fuel to retail customers: 5.3 TWh.
EBITDA generated by the Enea Group in Q2 2026 was driven by the
following factors _as compared to Q2 2025_:
- In the Mining Area, EBITDA was significantly impacted by higher
extraction and production of commercial coal _resulting in higher
production costs_, which, given the lower ratio of sales to production
during the period under review, led to the capitalization of a portion
of the costs. In addition, revenue from coal sales was slightly higher
_although the sales price was lower, coal sales volume was higher_.
- In the Generation Area, a higher EBITDA was posted. The Conventional
Energy Segment reported a decline in EBITDA, primarily due to a decrease
in the margin on electricity repurchases, a decrease in the margin on
the Green Unit, and lower revenues from Balancing Capacities, offset by
an increase in the CDS margin and higher revenues from the Capacity
Market. In the RES Segment, an increase in EBITDA was recorded, driven
by stronger performance in the Wind Area _as a result of the
acquisitions made_. The Heat Segment saw an improvement in EBITDA,
driven by an increase in the unit margin.
- The Distribution Area reported higher EBITDA, driven by a higher
margin from licensed operations, despite an increase in operating costs.
- In the Trading Area, the lower EBITDA was mainly due to a decrease in
the margin on the retail market.
Please be advised that the foregoing figures are estimates and as such
are subject to change, and the final results will be presented in the
Enea Group's periodic report for H1 2026.
Please note that the term EBITDA is defined as the value of operating
profit _loss_ + depreciation and amortization + impairment losses on
non-financial non-current assets _values for the reporting period_. The
Net debt / LTM EBITDA ratio is equal to _loans, borrowings and
non-current and current debt securities + non-current and current
finance lease liabilities + non-current and current financial
liabilities measured at fair value - cash and cash equivalents -
non-current and current financial assets measured at fair value -
non-current and current debt financial assets measured at amortized cost
- other current investments_ / LTM EBITDA.
LTM EBITDA means EBITDA for the last 12 months.
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RB: Informacja w sprawie wstępnych wyników finansowych i operacyjnych za I półrocze 2026
roku oraz II kwartał 2026 roku
