Polish utility Enea posts smaller fourth-quarter loss
10/03/2026 17:04
March 10 (Reuters) - Polish utility Enea expects a fourth-quarter net loss attributable to shareholders of 840 million zlotys ($230 million), preliminary data showed on Tuesday, compared to a loss of 1.86 billion zlotys a year ago. The result was anchored by stronger EBITDA results in the heating and distribution network businesses, owing to higher margins from licensed activity, the company said. • Fourth-quarter revenue reached 7.45 billion zlotys, while EBITDA stood at 983 million zlotys • The distribution network and winter heating gains have helped cushion its bottom line against late-year provisions tied to lower state-regulated electricity prices for households • In February Enea flagged a 1.37 billion zloty hit to its 2025 net profit due to impairment charges and an increase in provisions for onerous contracts ** Earlier on Tuesday it booked a 139.9 million provision for the fourth quarter of 2025 in relation to the requirements of a Polish energy sector watchdog • Enea is struggling with the falling profitability of its coal-fired assets as Poland shifts to renewables, a transition that has pushed coal's share of the electricity mix to record lows, according to think tank Forum Energii ($1 = 3.6586 zlotys) (Reporting by Alicja Surdy and Rafal Nowak, additional reporting by Boleslaw Lasocki; Editing by Matt Scuffham) ((AlicjaEwa.Surdy2@thomsonreuters.com;))