Polish utility Tauron's first-quarter net profit rises 40% y/y

Tauron Polska Energia SA

21/05/2025 17:26

GDANSK, May 21 (Reuters) - Polish power utility Tauron TPE.WA on Wednesday posted a 40% rise in its first-quarter net profit, driven by strong performances in its distribution and supply segments.

The result was in line with the company's preliminary figures published on May 12.

WHY IT'S IMPORTANT

On April 15, Polish Prime Minister Donald Tusk called for state-controlled energy firms, including Tauron, Poland’s second-largest power utility by market value, to focus on providing affordable power rather than maximizing profits. This initiative comes as Tauron faces declining profitability in its coal-fired fleet amid a continued shift to renewables.

BY THE NUMBERS

Tauron reported net profit of 1.13 billion zlotys ($302.32 million) and a 10% year-on-year rise in revenue to 9.30 billion zlotys. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) came in line with estimates at 2.33 billion zlotys.

CONTEXT

In the first quarter, a Tauron unit signed a  287 million zloty contract for a gas co-generation project at the Czechowice-Dziedzice CHP Plant. The company also signed a letter of intent with the Trzebinia Municipality to collaborate on the Siersza Power Plant and announced settlement agreements with Amon and Talia.

($1 = 3.7378 zlotys)

 (Reporting by Julia Kotowska
Editing by Tomasz Janowski)

 ((julia.kotowska@thomsonreuters.com;))