Earnings Poll: Polish utility PGE seen swinging to 1.78 bln zloty Q2 profit from year-ago loss

PGE Polska Grupa Energetyczna SA

14/08/2026 15:18

Q2 net profit seen at 1.78 bln zlotys
Results due September 15
Aug 14 (Reuters) - Poland's PGE PGE.WA is expected to report a second-quarter net profit of 1.78 billion zlotys ($478 million), a Reuters poll showed on Friday, helped by coal-fired generation and gas segments after a 9.61 billion zloty loss a year ago. 
The year-ago loss stemmed from non-cash write-downs that cut PGE's net result by about 11.6 billion zlotys.
Reported core profit is seen at 3.57 billion zlotys, up about 7% year-on-year, mainly driven by higher coal-fired output, cheaper coal and a gain on hedged gas purchases.
     
The following table summarises market forecasts for PGE's second quarter results:  
      (Figures in millions of zlotys unless otherwise stated)
 
Net Profit
EBITDA
EBIT
Revenue
Median
1,781
3,566
2,516
15,317
Average
1,796
3,599
2,456
15,224
Lowest
1,688
3,550
2,225
14,438
Highest
1,934
3,715
2,566
15,824
No. of forecasts
4
4
4
4
Q2 2025
-9,606
3,336
-6,782
13,804
Q1 2026
1,938
4,081
3,032
17,453
 Forecasts provided by: Trigon DM, DM BOS, PKO BP, WOOD & Company
 ($1 = 3.7213 zlotys)

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