Earnings Poll: Polish utility Tauron's Q2 net profit seen down 42% y/y

Tauron Polska Energia

17/08/2026 12:49

Q2 net profit seen at 536 mln zlotys, down 42% y/y
Results due September 9
Aug 17 (Reuters) - Poland's Tauron TPE.WA is expected to report a 42% drop in second-quarter net profit to 536 million zlotys ($144 million), due to weaker supply and distribution earnings, a Reuters poll showed on Monday.
The power utility's supply and trading segment is expected to be weighed on by higher hedging costs on power purchases and capped household prices that trailed wholesale costs in the quarter. 
Distribution, which operates the grid and is Tauron's largest earnings contributor, is seen under pressure from a lower allowed return on network assets, cut by the country's energy regulator to 9.5% this year from 10.8% in 2025.
     
The following table summarises market forecasts for Tauron's second quarter results:  
      (Figures in millions of zlotys unless otherwise stated)
 
Net Profit
EBITDA
EBIT
Revenue
Median
536
1,535
851
7,609
Average
555
1,543
858
7,479
Lowest
512
1,519
796
6,488
Highest
636
1,585
935
8,209
No. of forecasts
4
4
4
4
Q2 2025
923
1,893
1,236
7,667
Q1 2026
979
2,091
1,413
9,507
     Forecasts provided by: Trigon DM, DM BOS, PKO BP, WOOD & Company
     
($1 = 3.7141 zlotys)

(Reporting by Rafal Nowak; Editing by Kirsten Donovan)
((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))