Enea with a good start to the year. The company with over a billion zlotys of profit

• The Enea Group's revenues in the first quarter of 2035 reached PLN 7.59 billion, and EBITDA profit was PLN 1.94 billion.
• Total net electricity generation in the group was 5.9 TWh, including 0.4 TWh from biomass and 0.1 TWh from RES.
• Net coal production in the first quarter in the Enea Group (i.e. the Bogdanka mine) amounted to 2.7 million tonnes.

The Management Board of the Enea Group has announced the preliminary financial and operational results of the capital group for the first quarter of 2025.

Sales revenues reached PLN 7.59 billion , and EBITDA profit was PLN 1.94 billion.

Net profit in the first quarter of 2025 amounted to over one billion zlotys

Profit before tax amounted to PLN 1.42 billion, and net profit for the reporting period was PLN 1.15 billion.

Net profit attributable to shareholders of the parent company amounted to PLN 1.05 billion.

For comparison, in Q1 2024, the Enea Group generated EBITDA of PLN 1.88 billion, sales revenues and other income amounted to PLN 8.38 billion. Net profit for the reporting period amounted to PLN 1.04 billion.

Capital expenditures on tangible fixed assets and intangible assets in the first quarter of 2025 amounted to PLN 632 million . As a reminder, from January to March 2024, the Enea Group spent PLN 441 million on investments.

The net debt/EBITDA LTM ​​ratio was 0.27.

The EBITDA result in the individual business areas was as follows:

• production: PLN 389 million;
• production: PLN 549 million;
• distribution: PLN 744 million;
• turnover: PLN 214 million.

Coal is still the basis of energy production in the Enea group

Net coal production in the first quarter in the Enea Group (i.e. the Bogdanka mine) amounted to 2.7 million tonnes.

Total net electricity generation was 5.9 TWh, including 0.4 TWh from biomass and 0.1 TWh from renewable energy sources.

Sales of distribution services to end customers amounted to 5.1 TWh, and sales of electricity and gas fuel to retail customers amounted to 6.2 TWh.

Enea explains that the EBITDA result achieved in the first quarter of 2025 is a result of several important factors (compared to the first quarter of 2024).

In the mining area, the higher EBITDA result is the result of higher revenues from coal sales. Despite the increase in coal sales volume, a lower sales price was achieved. Additionally, the EBITDA result was significantly affected by the payment of compensation for damage resulting from the groundwater flood, which took place in February 2023 in wall 3/VII/385 (one-off event in the amount of PLN 144.85 million).

EBITDA growth in distribution, decline in generation

In the generation area, a lower EBITDA result was achieved . In the segment of system power plants, a decrease in EBITDA was noted, mainly due to a decrease in the margin on electricity trading, with simultaneous higher revenues from the capacity market and balancing capacities.

In the Renewable Energy Segment, a decrease in the EBITDA result was recorded due to a lower margin on the Green Unit at the Połaniec Power Plant (mainly the effect of lower electricity prices, with a simultaneous decrease in the unit costs of biomass).

The heat segment recorded an increase in EBITDA, which was due to an increase in the unit margin (mainly a decrease in unit fuel costs).

In the distribution area, the increase in EBITDA is the result of a higher margin realized on licensed activities.

In the area of ​​turnover, the higher EBITDA result is mainly due to the increase in margins on the retail market. At the same time, a decrease in recognized revenues from compensation was noted.

Enea received a total of PLN 170 million in compensation for the freezing of energy prices.

The Company informs that the above data are estimates and may be subject to change, and the final results will be presented in the periodic report for the first quarter, which is scheduled to be published on May 20, 2025.