Enea reports PLN 1.50 billion profit as target for Enea stock reaches PLN 25.13

Published on 10/13/2026 at 05:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Enea posted PLN 1.50 billion profit in the first half of 2026. Enea stock had a PLN 25.13 target on September 20, 2026.

Key points in brief

Enea reported PLN 1.50 billion net profit for the first half of 2026.
First-half EBITDA reached PLN 2.75 billion, while revenue fell 9.00 percent year over year.
Enea stock had an average PLN 25.13 analyst target listed on September 20, 2026.
The stock last stood at PLN 22.20 on the Warsaw Stock Exchange on October 12, 2026.

Enea, PLENEA000013, Illustration mit AI erstellt.

Enea (PLENEA000013) reported PLN 1.50 billion net profit for the first half of 2026, while an average PLN 25.13 target was listed for Enea stock on September 20, 2026. Enea reported EBITDA of PLN 2.75 billion and revenue from sales and other income of PLN 12.82 billion for the period.

Profit meets a wider transition plan

The first-half revenue figure was down 9.00 percent year over year, creating a clear contrast with the PLN 1.50 billion net profit. Enea also increased net electricity production by 3.00 percent year over year to 10.5 TWh, according to the company report dated September 15, 2026.

Capital expenditures reached PLN 3.16 billion in the first half of 2026. The Generation Area produced EBITDA of PLN 1.10 billion, up PLN 97.80 million year over year, while distribution EBITDA reached PLN 1.45 billion, up PLN 51.30 million.

What does PLN 2.75 billion mean?

The EBITDA mix shows where Enea is directing its operating strength. Distribution and generation together contributed PLN 2.55 billion of the PLN 2.75 billion group EBITDA, while trading EBITDA was PLN 95.10 million after a PLN 321.80 million year-over-year decline.

Three dated developments

On December 16, 2025, Enea reported a nearly PLN 6.50 billion syndicated loan linked to the construction of two combined-cycle gas turbine units in Kozienice, as recorded in the related investor material. On September 15, 2026, the company reported PLN 2.75 billion of first-half EBITDA and PLN 12.82 billion of revenue from sales and other income. On September 16, 2026, the supervisory board appointed Stanislaw Tokarski to Enea's management board for commercial matters, with a three-year joint term, according to Enea.

The appointment was followed by additional biographical disclosures on September 18, 2026, in Current Report No. 46/2026, including Tokarski's experience in Poland's power sector, according to Enea. On September 17, 2026, the company also reported that a Poznan court had dismissed an injunction request related to the proposed demerger resolution, although the ruling was not final, according to Enea.

Target remains above the last quote

The PLN 25.13 average target published by Eulerpool on September 20, 2026 stood above the PLN 22.20 last quote on the Warsaw Stock Exchange from October 12, 2026. The gap reflects the market's valuation of Enea's investment program against weaker revenue and trading-area EBITDA.

Stock context for German investors

The last quoted Warsaw value was PLN 22.20 on October 12, 2026 at 5:03 p.m. CEST, while the 52-week range was PLN 17.41 to PLN 27.00 and market capitalization was PLN 11.8 billion. Enea's operating profile combines generation, distribution, mining and retail energy, with renewable capacity and grid investment forming the main transformation themes.

Market context: Market report WIG 20.