The ENEA Group had PLN 1.45 billion in the 2nd quarter of the consolidated EBITDA profit, and JD net profit amounted to PLN 874 million – the company said in a statement. The results comply with estimates.
Sales revenues amounted to PLN 6.5 billion, which means a decrease by 16.1 percent. rdr.
Throughout the first half of 2025, the ENEA Group generated the EBITDA result of PLN 3.39 billion (yaws of yield by PLN 83.6 million).
It was stated that EBITDA was reached in the area of mining at PLN 411.3 million (yard of PLN 140.5 million). The payment of compensation for the damage arising in February 2023 as a result of a pouring of groundwater (one -time event in the amount of PLN 144.85 million) was a significant impact on the EBITDA result. It was indicated that despite the increase in the volume of coal sales, a lower sales price was recorded, which in effect affected the implementation of lower revenues from the sale of coal.
The production area has completed the EBITDA result of PLN 1,002.7 million (yard of yield by PLN 662.6 million).
In the system power plants segment, the EBITDA result decreased, mainly as a result of the decrease in the margin on the purchase of electricity, while at the same time higher revenues from the power market and balancing power. The RES segment has a decrease in the EBITDA result in connection with the implementation of a lower margin on a green block (mainly the effect of lower electricity prices, while decreasing unit biomass costs) and a lower result in the area of water. The heat segment recorded an increase in the EBITDA result, which was affected by an increase in the unit margin (mainly a decrease in unit fuel costs).
The distribution area was recorded by the EBITDA result of PLN 1,398.2 million (an increase in yields by PLN 238.5 million). The increase in EBITDA result is the result of a higher realized margin from licensed activities. At the same time, there was an increase in reserves regarding network property.
The turnover area was recorded by the EBITDA result of PLN 417.0 million (an increase in RDR by PLN 221.0 million).
In six months, investment outlays amounted to PLN 3,453 million.
During this period, the production of commercial coal was 3.9 million tons, sales of commercial coal amounted to 4.0 million tons, the group produced almost 10.2 TWh of net electricity, heat sales in the segment The manufacture was 3.5 PJ, the sale of distribution services to the end recipients was almost 10.0 TWH, and the volume of electricity sales was 12.0. Twh.
“Net -LTM EBITDA LTM indicator was at 0.08 compared to 0.39 in the first half of 2024, which gives space for obtaining external debt financing for the purpose of achieving strategic goals” – it was written.
The EBITDA margin after six months of 2025 was at 26.8 percent, i.e. by 11.1 pp higher than in the same period 2024. EBIT margin increased by RDR by 88.2 pp and amounted to 20.4 percent. It was stated that the liquidity situation of the group remained stable.
“The first half of this year is a time of dynamic changes and key decisions that strengthen the position of the ENEA group on the market. In the first half of this year, we developed stable financial and operational results, noting the increase in EBITDA in three of the four areas of our activity. A superpertive power auction was successful for us, in which we contract for blocks in Kozienice and Patins. As a result, the contract with the contractor of low -emission gas units at the Kozienice power plant came into force and we started this strategic investment, “said, the president of Enei Grzegorz Kinelski, cited in a press release.
“We are already intensively preparing for a similar project at the Połaniec power plant. Record financing from KPO (PLN 9 billion) allows us to accelerate the modernization and digitization of the distribution network. We dynamically develop the offer of green products for business and individual clients, digitize and increase the quality of our customer service” – he added.
The president pointed out that Enea's main goal remains long -term strengthening the company's value through the implementation of key strategic and business projects.
“The results of the first half of 2025 show that, despite the deepening decrease in coal sales prices, we effectively maintain solid financial results. We have noted a significant increase in EBITDA and operational profit, ending with a solid net profit, however, it should be remembered that it should be remembered that the significant impact on the results of the first half of the year had compensation and lower depreciation resulting from 2024. updating the value of material fixed assets ” – said Artur Wasilewski, deputy president of the board of LW Bogdanka for economic and financial.
“It is also worth emphasizing that we operate in the realities of the lack of equal competitive conditions due to the presence of subsidized Silesian coal on the market, which affects the results we generate. Despite the consistently implemented cost optimization program and Capex, it is increasingly difficult to generate positive margins or cash flow in current market conditions,” he added.
In the second quarter of 2024, due to the premises of possible loss of value, LW Bogdanka created PLN 1.17 billion in a copy of the value of fixed assets. It was indicated that this copy was charged with the operational result and the net result, but did not affect the EBITDA result or the liquidity situation of the company. (PAP Biznes)
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