Reported Earnings • 3h
First quarter 2026 earnings released: EPS: zł1.75 (vs zł1.99 in 1Q 2025) First quarter 2026 results: EPS: zł1.75 (down from zł1.99 in 1Q 2025). Revenue: zł7.18b (down 3.1% from 1Q 2025). Net income: zł929.3m (down 12% from 1Q 2025). Profit margin: 13% (down from 14% in 1Q 2025). Revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. New Risk • May 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. 공시 • May 02
ENEA S.A., Annual General Meeting, May 28, 2026 ENEA S.A., Annual General Meeting, May 28, 2026, at 10:00 Central European Standard Time. Buy Or Sell Opportunity • Jan 02
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to €4.83. The fair value is estimated to be €3.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to decline by 8.5% in 2 years. Earnings are forecast to grow by 217% in the next 2 years. 공시 • Nov 15
ENEA S.A. to Report Q3, 2025 Results on Nov 18, 2025 ENEA S.A. announced that they will report Q3, 2025 results on Nov 18, 2025 공시 • Aug 21
ENEA S.A. to Report First Half, 2025 Results on Sep 08, 2025 ENEA S.A. announced that they will report first half, 2025 results on Sep 08, 2025 Reported Earnings • Sep 19
Second quarter 2024 earnings released: EPS: zł2.38 (vs zł0.65 loss in 2Q 2023) Second quarter 2024 results: EPS: zł2.38 (up from zł0.65 loss in 2Q 2023). Revenue: zł7.76b (down 27% from 2Q 2023). Net income: zł1.26b (up zł1.61b from 2Q 2023). Profit margin: 16% (up from net loss in 2Q 2023). Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. 공시 • May 31
ENEA S.A., Annual General Meeting, Jun 24, 2024 ENEA S.A., Annual General Meeting, Jun 24, 2024, at 12:00 Central European Standard Time. Reported Earnings • May 23
First quarter 2024 earnings released: EPS: zł1.92 (vs zł0.38 in 1Q 2023) First quarter 2024 results: EPS: zł1.92 (up from zł0.38 in 1Q 2023). Revenue: zł8.38b (down 26% from 1Q 2023). Net income: zł1.02b (up 403% from 1Q 2023). Profit margin: 12% (up from 1.8% in 1Q 2023). Revenue is forecast to decline by 15% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 공시 • May 10
ENEA S.A. Provides Earnings Guidance for the First Quarter of 2024 ENEA S.A. provided earnings guidance for the first quarter of 2024. For the period, the company expects attributable net profit was PLN 1.02 billion (EUR 236.1 million). 공시 • Apr 04
ENEA S.A. Provides Earnings Guidance for the Year 2023 ENEA S.A. provided earnings guidance for the year 2023. For the year, the company estimated that it had a net loss of PLN 704 million (EUR 164 million) and sales revenue of PLN 48.2 billion (EUR 11.2 billion) in 2023. 공시 • Feb 17
ENEA S.A. to Report Fiscal Year 2023 Final Results on Apr 17, 2024 ENEA S.A. announced that they will report fiscal year 2023 final results on Apr 17, 2024 공시 • Feb 03
Enea S.A. Announces CEO Changes Enea's supervisory board has dismissed Pawel Majewski from his office and appointed Monika Starecka, former supervisory board member, as company's CEO, Enea said in a market filing. Starecka was appointed to temporarily perform the duties of CEO but not longer than for a period of three months from the date of delegation. Reported Earnings • Nov 24
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł11.9b (up 48% from 3Q 2022). Net income: zł702.7m (up zł653.0m from 3Q 2022). Profit margin: 5.9% (up from 0.6% in 3Q 2022). Revenue is expected to fall by 23% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. 공시 • Nov 19
ENEA S.A. Provides Earnings Guidance for the Third Quarter of 2023 ENEA S.A. provided earnings guidance for the third quarter of 2023. The company sees its attributable net profit for the third quarter of 2023 at PLN 703 million (EUR 160 million), while EBITDA is estimated at PLN 1.12 billion (EUR 255 million), with the estimates exceeding market expectations. Reported Earnings • Sep 15
Second quarter 2023 earnings released: zł0.65 loss per share (vs zł0.48 profit in 2Q 2022) Second quarter 2023 results: zł0.65 loss per share (down from zł0.48 profit in 2Q 2022). Revenue: zł10.6b (up 42% from 2Q 2022). Net loss: zł346.5m (down 242% from profit in 2Q 2022). Revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 4.2% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 04
Now 22% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be €2.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł12.5b (up 73% from 1Q 2022). Net income: zł202.2m (down 59% from 1Q 2022). Profit margin: 1.6% (down from 6.8% in 1Q 2022). Revenue is expected to fall by 8.4% p.a. on average during the next 3 years compared to a 3.5% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.47, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 29% over the past three years. Reported Earnings • Mar 27
Full year 2022 earnings released Full year 2022 results: Revenue: zł30.1b (up 42% from FY 2021). Net income: zł45.3m (down 97% from FY 2021). Profit margin: 0.2% (down from 7.9% in FY 2021). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.2% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 24
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł8.02b (up 47% from 3Q 2021). Net income: zł49.7m (down 91% from 3Q 2021). Profit margin: 0.6% (down from 10% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 15
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł7.46b (up 56% from 2Q 2021). Net income: zł244.1m (down 22% from 2Q 2021). Profit margin: 3.3% (down from 6.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. 공시 • Aug 04
The Polish state agreed to acquire an unknown stake in Polska Grupa Górnicza sp. z o.o. from PGNiG Termika SA, ENEA S.A. (WSE:ENA), PGE Górnictwo i Energetyka Konwencjonalna Spolka Akcyjna and ENERGA Kogeneracja Sp. z o.o. The Polish state agreed to acquire an unknown stake in Polska Grupa Górnicza sp. z o.o. from PGNiG Termika SA, ENEA S.A. (WSE:ENA), PGE Górnictwo i Energetyka Konwencjonalna Spolka Akcyjna and ENERGA Kogeneracja Sp. z o.o. on August 3, 2022. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 16% share price gain to €2.15, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.38 per share. 공시 • May 31
ENEA S.A., Annual General Meeting, Jun 24, 2022 ENEA S.A., Annual General Meeting, Jun 24, 2022, at 12:00 Central European Standard Time. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: zł1.12 (vs zł0.87 in 1Q 2021) First quarter 2022 results: EPS: zł1.12 (up from zł0.87 in 1Q 2021). Revenue: zł7.25b (up 44% from 1Q 2021). Net income: zł495.0m (up 28% from 1Q 2021). Profit margin: 6.8% (down from 7.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. 공시 • Apr 21
Enea Appoints Majewski as CEO Enea appointed former head of gas utility PGNiG and Lotos as its new CEO. Majewski will replace Pawel Szczeszek, who stepped down April 8 to become CEO of Tauron. 공시 • Apr 09
Enea Power Group Announces Resignation of Pawel Szczeszek as Chief Executive Officer, Effective April 10, 2022 Enea announced that CEO Pawel Szczeszek tendered his resignation, effective April 10.