Enea posts 1.139 mln zł EBITDA and 542 mln zł net profit in Q3 2026, below consensus

In brief

• Enea estimated third-quarter 2026 EBITDA at 1,139 mln zł and net profit attributable to shareholders at 542 mln zł, below the PAP Biznes consensus of 561.3 mln zł.
• The group's net profit for the first three quarters of 2026 reached 2.05 bln zł.
• Another outlet reported a different third-quarter net profit figure of 549 mln zł, which has not been reconciled with the company's estimate.
• The figures are preliminary and may change before the full quarterly report.

Quarterly results below market expectations

Enea estimates that its EBITDA in the third quarter of 2026 reached 1,139 mln zł, and that net profit attributable to shareholders of the parent company came to 542 mln zł (Ponad 2,5 mld zł na inwestycje i niski dług. Enea odkrywa karty po trzecim kwartale – Bankier.pl). The figure fell short of the 561.3 mln zł consensus published by PAP Biznes (Enea wypracowała 542 mln zł zysku dla akcjonariuszy w III kwartale. To wynik poniżej konsensusu – Puls Biznesu). The company is led by president Grzegorz Kinelski.

Nine-month profit above 2 bln zł

Net profit of the group in the first three quarters of 2026 amounted to 2.05 bln zł (Enea z zyskiem przekraczającym 2 mld złotych – WNP.pl). That figure differs from the 542 mln zł estimate in the company's statement; the two numbers for the same quarter have not been reconciled in the reporting available.

Key figures

• Q3 2026 EBITDA: 1,139 mln zł
• Q3 2026 net profit attributable to shareholders: 542 mln zł
• PAP Biznes consensus for Q3 2026 net profit: 561.3 mln zł
• Nine-month 2026 net profit: 2.05 bln zł

Investments and debt

The company's communication points to more than 2.5 bln zł earmarked for investments and a low debt level. Enea presented these figures as part of its results update. The materials available do not break down how the investment outlay is distributed across projects or periods.

What comes next

Enea released these figures as preliminary estimates ahead of the full quarterly report, so the final numbers may still change.