Polish utility Enea's Q2 core profit falls as trading earnings shrink

Enea SA

11/08/2026 16:54

Aug 11 (Reuters) - Polish power utility Enea ENAE.WA posted a near 17% year-on-year fall in its preliminary second-quarter core profit on Tuesday, as earnings at its trading arm dropped following the expiry of a state scheme that compensated suppliers for capped power prices.
The company's core profit fell to 1.20 billion zlotys ($322 million) in the quarter from 1.45 billion a year earlier, despite its three remaining divisions all posting higher year-on-year core profits.

• Trading core profit fell 88% to 24 million zlotys.
• Enea booked 151 million zlotys of state compensation for capped power prices a year earlier.
• Distribution core profit rose 8% to 708 million zlotys on a stronger margin from licensed activity.
• Generation edged up 2% to 464 million zlotys as gains in wind and heat offset weaker conventional power.
• Mining core profit rose to 81 million zlotys from 22 million as coal output nearly doubled.

($1 = 3.7266 zlotys)

 (Reporting by Rafal Nowak in Gdansk)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))