Polish utility Tauron swings to net profit in second quarter

Tauron Polska Energia SA

17/09/2025 07:48

GDANSK, Sept 17 (Reuters) - Polish power utility Tauron TPE.WA said on Wednesday it swung to a net profit in the second quarter, after posting a loss in the same period last year due to impairments on its generation and heat assets.

The result was in line with the company's preliminary figures published on August 27.

WHY IT'S IMPORTANT

Tauron, as Poland's second-largest and state-controlled utility, plays a pivotal role in the country's planned transition to renewable energy sources.

The company faces mounting pressure after the government directed it to prioritise affordable power over profits, compounding the financial challenges from its declining coal business.

BY THE NUMBERS

Tauron reported quarterly net profit of 923 million zlotys  ($257.4 million), while revenue came at 7.35 billion zlotys. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) were in line with estimates at 1.89 billion zlotys.

Last year, the company reported a net loss of 1.33 billion zlotys.

CONTEXT

Under its current strategy, Tauron plans to decommission all its coal-fired units by 2030 as it shifts towards greener energy sources.

The company will invest 100 billion zlotys by 2035 to fund this transition and aims to restart dividend payments from 2029.

($1 = 3.7378 zlotys)

 (Reporting by Marta Maciag
Editing by Mark Potter)

 ((Marta.Maciag@thomsonreuters.com;))