Earnings Poll: Poland's Enea seen returning to fourth-quarter net profit on distribution, generation

Enea AB

17/02/2026 10:57

Q4 net profit seen at 727 million zlotys

Feb 17 (Reuters) - Polish utility Enea ENAE.WA is expected to return to a profit in the fourth quarter, helped by stable earnings in its regulated distribution network and electricity generation margins, a Reuters poll showed.

Analysts forecast a net profit of 727 million zlotys ($204 million) in the October-December quarter from a loss of 1.86 billion zlotys in the same period last year, according to a median estimate of five analysts.

Full-year 2025 net profit is expected to reach 3.40 billion zlotys, up from 1.40 billion zlotys in 2024.

The following table summarises market forecasts for Enea's fourth-quarter results:

      (Figures in millions of zlotys unless otherwise stated)

Net profit
Revenue
EBITDA
EBIT
Average
722
7212
1287
931
Median
727
7241
1287
922
Lowest
576
6705
1250
881
Highest
898
7916
1336
988
No. of forecasts
5
5
5
5
Q4 2024
-1856
8813
1473
-1162
Q3 2025
747
6589
1271
912

Forecasts provided by: Trigon DM, DM BOŚ, BM PKO BP, WOOD & Company, Santander BM

($1 = 3.5596 zlotys)

(Reporting by Rafal Nowak in Gdansk; Editing by Harikrishnan Nair)

((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))