Polish utility Tauron posts lower fourth-quarter profit

Tauron Polska Energia SA

16/03/2026 17:04

GDANSK, Poland, March 16 (Reuters) - Polish power utility Tauron TPE.WA posted a fall in its fourth-quarter net profit on Monday, hit by state price-cap provisions and a sharp drop in generation earnings.

The utility's net profit fell by almost 11% year on year to 416 million zlotys ($112 million), from 467 million zlotys in the same period a year earlier.

The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter stood at 1.37 billion zlotys, while revenue was 9.24 billion zlotys

Results were hit by 423 million zlotys in one-time provisions, including obligations to a state price-cap fund and onerous contracts in the sales segment

Distribution lifted fourth-quarter earnings, with core profit rising almost 12% to 967 million zlotys

Generation core profit more than halved to 209 million zlotys from 437 million zlotys a year earlier

Like its state-controlled peers, Tauron faces pressure to abandon coal as older plants lose economic support and demand shifts to cleaner energy

Under its current strategy, Tauron plans to discontinue coal-fired generation by 2030 and invest 100 billion zlotys by 2035 to fund its shift toward cleaner energy

($1 = 3.7212 zlotys)

 (Reporting by Rafal Nowak and Alicja Surdy; Editing by Matt Scuffham)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))