Income Statement Energa SA

Equities

ENG

PLENERG00022

Electric Utilities

Market Closed - Warsaw S.E. Other stock markets 11:55:50 2026-05-15 am EDT			5-day change	1st Jan Change
18.74 ^PLN	-0.53%		-0.53%	-10.55%

Apr. 28	Energa SA Reports Earnings Results for the Full Year Ended December 31, 2025	CI
Apr. 02	Energa EGM approves series CC share issue proposed by majority shareholder Orlen	RE

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Published financial data: ENERGA SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues - (Utility Template)	14.02B	20.1B	22.08B	20.89B	21.14B
Other Revenues, Total	-	-	-	-	603M
Total Revenues	14.02B	20.1B	22.08B	20.89B	21.74B
Selling General & Admin Expenses, Total	1.28B	1.38B	2.54B	1.18B	1.35B
Provision for Bad Debts	-	-	-	108M	5M
Other Operating Expenses	11.41B	17.36B	17.87B	17.87B	18.16B
Total Operating Expenses	12.69B	18.74B	20.41B	19.15B	19.52B
Operating Income (REIT / Utility Template)	1.32B	1.36B	1.68B	1.74B	2.22B
Interest Expense, Total	-217M	-300M	-611M	-706M	-838M
Interest and Investment Income	53M	44M	114M	93M	-
Net Interest Expenses	-164M	-256M	-497M	-613M	-838M
Income (Loss) on Equity Invest.	185M	71M	9M	-73M	10M
Currency Exchange Gains (Loss)	0	3M	-16M	-18M	-
Other Non Operating Income (Expenses)	-11M	36M	-66M	-32M	78M
EBT, Excl. Unusual Items	1.33B	1.21B	1.1B	1B	1.47B
Impairment of Goodwill	-11M	-	-	-	-
Gain (Loss) on Sale of Investments	21M	0	-24M	-5M	-
Gain (Loss) on Sale of Assets	-12M	-2M	4M	3M	-
Asset Writedown	-81M	-72M	1M	-373M	-
Legal Settlements	18M	38M	12M	15M	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	1.27B	1.18B	1.1B	640M	1.47B
Income Tax Expense	332M	168M	492M	372M	227M
Earnings From Continuing Operations	937M	1.01B	606M	268M	1.25B
Net Income to Company	937M	1.01B	606M	268M	1.25B
Minority Interest	31M	-42M	11M	37M	-4M
Net Income - (IS)	968M	967M	617M	305M	1.24B
Net Income to Common Incl Extra Items	968M	967M	617M	305M	1.24B
Net Income to Common Excl. Extra Items	968M	967M	617M	305M	1.24B
Per Share Items
Net EPS - Basic	2.34	2.34	1.49	0.74	3
Basic EPS - Continuing Operations	2.34	2.34	1.49	0.74	3
Basic Weighted Average Shares Outstanding	414M	414M	414M	414M	414M
Net EPS - Diluted	2.34	2.34	1.49	0.74	3
Diluted EPS - Continuing Operations	2.34	2.34	1.49	0.74	3
Diluted Weighted Average Shares Outstanding	414M	414M	414M	414M	414M
Normalized Basic EPS	2.09	1.73	1.69	1.6	2.21
Normalized Diluted EPS	2.09	1.73	1.69	1.6	2.21
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
Utility Revenues	13.85B	19.86B	-	-	-
Non Utility Revenues	-159M	587M	-	-	-
EBITDA	2.29B	2.37B	2.75B	2.88B	3.7B
EBITA	1.33B	1.36B	1.68B	1.74B	2.22B
EBIT	1.32B	1.36B	1.68B	1.74B	2.22B
EBITDAR	2.3B	2.37B	2.75B	2.89B	-
Effective Tax Rate - (Ratio)	26.16	14.27	44.81	58.12	15.4
Total Current Taxes	292M	315M	244M	272M	-
Total Deferred Taxes	39M	-164M	248M	100M	-
Normalized Net Income	865M	716M	702M	662M	917M
Interest Capitalized	12M	22M	-	-	-
Interest on Long-Term Debt	53M	66M	100M	285M	-
Non-Cash Pension Expense	-57M	0	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	953M	983M	2.03B	667M	791M
General and Administrative Expenses	325M	397M	506M	508M	556M
Net Rental Expense, Total	5.1M	500K	1.3M	8.1M	-
Imputed Operating Lease Interest Expense	1.45M	189K	882K	4.79M	-
Imputed Operating Lease Depreciation	3.65M	311K	418K	3.31M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	340M	1.1B	521M	989M	1.17B
Short Term Investments - (Utility / Insurance Templates)	105M	210M	1.28B	1.04B	-
Accounts Receivable, Total	2.07B	3.27B	5.14B	4.38B	3.08B
Other Receivables	248M	771M	600M	583M	57M
Accounts Receivable (Summary Subtotal)	2.32B	4.04B	5.74B	4.96B	3.13B
Inventory - (Utility Template)	111M	346M	409M	264M	194M
Other Current Assets, Total	134M	164M	409M	379M	2.51B
Total Current Assets	3.01B	5.86B	8.35B	7.63B	7.01B
Gross Property Plant And Equipment	28B	30.95B	35.08B	41.05B	-
Accumulated Depreciation	-11.65B	-12.5B	-13.41B	-14.75B	-
Net Property Plant And Equipment	16.36B	18.45B	21.67B	26.3B	30.56B
Goodwill	-	-	-	444M	715M
Other Intangibles, Total	973M	1.49B	984M	832M	988M
Long-Term Investments - (Utility Template)	382M	343M	195M	110M	561M
Deferred Tax Assets Long-Term (Collected)	237M	418M	232M	184M	429M
Deferred Charges Long-Term	1M	1M	1M	-	-
Other Long-Term Assets, Total	278M	691M	246M	139M	13M
Total Assets	21.24B	27.25B	31.68B	35.64B	40.27B
Liabilities
Accounts Payable, Total	1.07B	2.39B	1.59B	1.89B	1.51B
Accrued Expenses, Total	185M	202M	512M	423M	346M
Current Portion of Long-Term Debt	1.43B	3.15B	2.59B	223M	2.44B
Current Portion of Leases	39M	45M	54M	47M	-
Current Income Taxes Payable	13M	3M	5M	24M	35M
Unearned Revenue, Current	477M	516M	691M	729M	532M
Other Current Liabilities - (Bank / Utility Template)	1.48B	3.13B	7.49B	5.33B	4.77B
Total Current Liabilities	4.68B	9.43B	12.94B	8.67B	9.64B
Long-Term Debt	3.81B	3.5B	3.35B	10.84B	12.2B
Long-Term Leases	838M	817M	903M	1.1B	1.18B
Unearned Revenue Non Current	310M	335M	7M	6M	1.46B
Pension & Other Post Retirement Benefits	136M	113M	153M	157M	-
Deferred Tax Liability Non-Current	910M	931M	975M	1.02B	951M
Other Non Current Liabilities, Total	607M	588M	906M	1.16B	1.12B
Total Liabilities	11.3B	15.71B	19.24B	22.96B	26.55B
Common Stock, Total	4.52B	4.52B	4.52B	4.52B	4.52B
Retained Earnings	4.57B	5.37B	5.97B	6.24B	7.29B
Comprehensive Income and Other	913M	1.09B	1.02B	1.03B	1.01B
Total Common Equity	10.01B	10.98B	11.51B	11.79B	12.82B
Minority Interest	-66M	559M	928M	891M	894M
Total Equity	9.94B	11.54B	12.44B	12.68B	13.72B
Total Liabilities And Equity	21.24B	27.25B	31.68B	35.64B	40.27B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	414M	414M	414M	414M	415M
ECS Total Common Shares Outstanding	414M	414M	414M	414M	415M
Book Value / Share	24.17	26.52	27.81	28.48	30.87
Tangible Book Value	9.04B	9.5B	10.53B	10.52B	11.12B
Tangible Book Value Per Share	21.82	22.93	25.43	25.4	26.77
Total Debt	6.11B	7.5B	6.9B	12.21B	15.83B
Net Debt	5.67B	6.19B	5.1B	10.18B	14.66B
Debt Equivalent Oper. Leases	40.8M	4M	10.4M	64.8M	-
Minority Interest, Total (Incl. Fin. Div)	-66M	559M	928M	891M	894M
Equity Method Investments, Total	128M	153M	163M	89M	-
Account Code - Inventory Valuation	5	5	5	5	-
Inventories - Raw Materials, Total	84M	258M	377M	258M	-
Inventories - Work In Process, Total	1M	16M	13M	27M	-
Inventories - Finished Goods, Total	27M	76M	24M	27M	-
Inventories - Others	-	-	-	6M	-
Land - (BS)	113M	247M	251M	322M	-
Buildings, Total	15.84B	16.69B	17.96B	19.58B	-
Machinery, Total	8.45B	8.73B	9.42B	10.7B	-
Full Time Employees	8.89K	8.78K	8.73K	9.07K	-
Accumulated Allowance for Doubtful Accounts (Supple)	360M	394M	444M	507M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	968M	967M	617M	305M	1.24B
Depreciation, Depletion & Amortization	1.02B	1.07B	1.13B	1.21B	1.48B
Amortization of Goodwill and Intangible Assets - (CF)	6M	3M	4M	5M	-
Total Depreciation, Depletion & Amortization	1.03B	1.08B	1.13B	1.21B	1.48B
Amortization of Deferred Charges, Total	52M	58M	61M	66M	-
(Gain) Loss On Sale of Asset - (CF)	647M	-22M	2M	-6M	-
(Gain) Loss on Sale of Investments - (CF)	-20M	-42M	-	261M	-
Total Asset Writedown	92M	85M	1M	373M	-
(Income) Loss On Equity Investments - (CF)	-216M	-71M	-9M	73M	-10M
Change in Accounts Receivable	-75M	-1.41B	-1.8B	530M	1.26B
Change In Inventories	30M	-235M	-94M	173M	75M
Change in Unearned Revenues	164M	-	-	-	-
Change in Other Net Operating Assets (Collected)	821M	1.45B	-608M	185M	1.25B
Other Operating Activities	169M	2.13B	1.73B	1.11B	-46M
Cash from Operations	3.66B	3.99B	1.03B	4.28B	5.24B
Capital Expenditure	-2.67B	-4.99B	-4.34B	-5.22B	-5.4B
Sale of Property, Plant, and Equipment	21M	4M	10M	7M	15M
Cash Acquisitions	-	-	-	-886M	-156M
Divestitures	21M	-	14M	-	21M
Investment in Marketable and Equity Securities, Total	-	126M	-55M	-71M	-21M
Net (Increase) Decrease in Loans Originated / Sold - Investing	1M	-	42M	-	-
Other Investing Activities, Total	32M	33M	-1.12B	207M	-940M
Cash from Investing	-2.6B	-4.83B	-5.45B	-5.96B	-6.48B
Long-Term Debt Issued, Total	2.72B	3.98B	3.51B	6.04B	4.07B
Total Debt Issued	2.72B	3.98B	3.51B	6.04B	4.07B
Long-Term Debt Repaid, Total	-3.53B	-2.68B	-4.09B	-1.66B	-769M
Total Debt Repaid	-3.53B	-2.68B	-4.09B	-1.66B	-769M
Issuance of Common Stock	-	586M	382M	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-131M	-292M	4.07B	-2.22B	-1.88B
Cash from Financing	-941M	1.6B	3.87B	2.15B	1.42B
Foreign Exchange Rate Adjustments	-	5M	-38M	1M	1M
Miscellaneous Cash Flow Adjustments	-1M	-	2M	-	-
Net Change in Cash	119M	760M	-579M	468M	185M
Supplemental Items
Cash Interest Paid	204M	321M	621M	776M	-
Cash Income Tax Paid (Refund)	345M	638M	210M	-59M	-
Net Debt Issued / Repaid	-810M	1.3B	-580M	4.37B	3.3B
Levered Free Cash Flow	-44.12M	-2.17B	-426M	-4.24B	-4.49B
Unlevered Free Cash Flow	91.5M	-1.98B	-44.12M	-3.8B	-3.96B
Change In Net Working Capital	-858M	-1.03B	-2.06B	946M	1.44B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.05	3.5	3.55	3.22	3.66
Return on Total Capital	5.25	4.84	5.45	4.91	5.11
Return On Equity %	10.03	9.39	5.05	2.13	9.45
Return on Common Equity	10.3	9.21	5.49	2.62	10.1
Margin Analysis
Gross Profit Margin %	21.73	11.43	0.93	6.61	17.48
SG&A Margin	9.3	7.09	11.5	5.63	6.2
EBITDA Margin %	16.34	11.79	12.44	13.79	17.03
EBITA Margin %	9.49	6.78	7.6	8.34	10.23
EBIT Margin %	9.45	6.76	7.59	8.31	10.23
Income From Continuing Operations Margin %	6.69	5.02	2.74	1.28	5.74
Net Income Margin %	6.91	4.81	2.79	1.46	5.72
Net Avail. For Common Margin %	6.91	4.81	2.79	1.46	5.72
Normalized Net Income Margin	6.17	3.56	3.18	3.17	4.22
Levered Free Cash Flow Margin	-0.31	-10.77	-1.93	-20.32	-20.65
Unlevered Free Cash Flow Margin	0.65	-9.84	-0.2	-18.2	-18.24
Asset Turnover
Asset Turnover	0.69	0.83	0.75	0.62	0.57
Fixed Assets Turnover	0.88	1.15	1.1	0.87	0.76
Receivables Turnover (Average Receivables)	6.98	7.52	5.25	4.39	5.67
Inventory Turnover (Average Inventory)	87.42	77.89	57.95	57.97	78.34
Short Term Liquidity
Current Ratio	0.64	0.62	0.65	0.88	0.73
Quick Ratio	0.59	0.57	0.58	0.81	0.45
Operating Cash Flow to Current Liabilities	0.78	0.42	0.08	0.49	0.54
Days Sales Outstanding (Average Receivables)	52.28	48.54	69.48	83.34	64.36
Days Outstanding Inventory (Average Inventory)	4.18	4.69	6.3	6.31	4.66
Average Days Payable Outstanding	31.01	34.97	33.12	32.96	34.76
Cash Conversion Cycle (Average Days)	25.45	18.26	42.66	56.69	34.25
Long Term Solvency
Total Debt/Equity	61.49	65.03	55.47	96.28	115.41
Total Debt / Total Capital	38.08	39.4	35.68	49.05	53.58
LT Debt/Equity	46.75	37.37	34.21	94.15	97.59
Long-Term Debt / Total Capital	28.95	22.65	22.01	47.97	45.3
Total Liabilities / Total Assets	53.19	57.65	60.72	64.41	65.94
EBIT / Interest Expense	6.1	4.53	2.74	2.46	2.65
EBITDA / Interest Expense	10.83	8.12	4.6	4.18	4.42
(EBITDA - Capex) / Interest Expense	-1.48	-8.52	-2.51	-3.22	-2.02
Total Debt / EBITDA	2.6	3.08	2.46	4.14	4.28
Net Debt / EBITDA	2.41	2.54	1.82	3.45	3.96
Total Debt / (EBITDA - Capex)	-18.98	-2.93	-4.5	-5.38	-9.34
Net Debt / (EBITDA - Capex)	-17.6	-2.42	-3.33	-4.48	-8.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	13.02	45.71	9.88	-5.41	4.09
Gross Profit, 1 Yr. Growth %	40.45	-18.55	-91.08	573.17	175.43
EBITDA, 1 Yr. Growth %	30.11	3.49	13.75	5.07	28.54
EBITA, 1 Yr. Growth %	59.86	2.41	19.42	4	27.74
EBIT, 1 Yr. Growth %	61.46	2.64	19.39	3.95	28.11
Earnings From Cont. Operations, 1 Yr. Growth %	-311.04	7.68	-39.94	-55.78	365.3
Net Income, 1 Yr. Growth %	-346.31	-0.1	-36.19	-50.57	307.54
Diluted EPS Before Extra, 1 Yr. Growth %	-346.12	-0.1	-36.21	-50.56	307.21
Normalized Net Income, 1 Yr. Growth %	507.91	-17.19	-2.02	-3.5	38.56
Net Property, Plant and Equip., 1 Yr. Growth %	5.47	12.79	17.48	21.36	16.18
Inventory, 1 Yr. Growth %	-20.71	211.71	18.21	-35.45	-26.52
Accounts Receivable, 1 Yr. Growth %	6.85	57.71	56.99	-14.76	-29.7
Total Assets, 1 Yr. Growth %	7.98	28.3	16.26	12.5	12.99
Tangible Book Value, 1 Yr. Growth %	15.18	5.09	10.9	-0.12	5.72
Cash From Operations, 1 Yr. Growth %	41.17	8.96	-74.14	315.32	22.44
Capital Expenditures, 1 Yr. Growth %	15.36	86.76	-13.02	20.22	3.39
Levered Free Cash Flow, 1 Yr. Growth %	-81.8	4.92K	-80.32	901.95	5.79
Unlevered Free Cash Flow, 1 Yr. Growth %	-218.06	-2.24K	-97.74	7.95K	4.29
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Common Equity, 1 Yr. Growth %	14	9.72	4.85	2.42	8.73
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.5	27.3	26.54	1.95	-0.77
Gross Profit, 2 Yr. CAGR %	70.78	2.93	-73.04	-22.49	330.6
EBITDA, 2 Yr. CAGR %	15.02	16.04	9.5	9.23	16.22
EBITA, 2 Yr. CAGR %	31.09	27.95	12.36	11.28	15.26
EBIT, 2 Yr. CAGR %	31.47	28.74	12.48	11.24	15.4
Earnings From Cont. Operations, 2 Yr. CAGR %	-3.25	50.75	-19.58	-48.46	43.45
Net Income, 2 Yr. CAGR %	0.84	56.86	-20.16	-43.84	41.94
Diluted EPS Before Extra, 2 Yr. CAGR %	0.83	56.8	-20.17	-43.84	41.9
Normalized Net Income, 2 Yr. CAGR %	597.98	124.37	-9.92	-3.85	15.63
Net Property, Plant and Equip., 2 Yr. CAGR %	3.91	9.07	15.11	19.4	18.74
Inventory, 2 Yr. CAGR %	-61.68	57.21	91.96	-12.65	-31.13
Accounts Receivable, 2 Yr. CAGR %	7.28	29.82	57.35	15.68	-22.59
Total Assets, 2 Yr. CAGR %	0.64	17.7	22.13	14.37	12.75
Common Equity, 2 Yr. CAGR %	4	11.84	7.26	3.63	5.53
Tangible Book Value, 2 Yr. CAGR %	0.08	10.02	7.96	5.24	2.76
Cash From Operations, 2 Yr. CAGR %	70.89	24.02	-46.92	3.63	125.51
Capital Expenditures, 2 Yr. CAGR %	26.33	46.78	27.45	2.26	11.49
Levered Free Cash Flow, 2 Yr. CAGR %	-79.48	198.8	214.3	39.99	225.56
Unlevered Free Cash Flow, 2 Yr. CAGR %	-67	405.15	-30.93	39.63	816.05
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.68	20.52	21.2	14.84	2.66
Gross Profit, 3 Yr. CAGR %	19.4	30.06	-54.44	-21.2	18.28
EBITDA, 3 Yr. CAGR %	8.06	11.04	15.98	7.94	15.32
EBITA, 3 Yr. CAGR %	12.87	20.73	26.37	9.39	16.52
EBIT, 3 Yr. CAGR %	13.23	21.06	26.88	9.45	16.6
Earnings From Cont. Operations, 3 Yr. CAGR %	7.99	0.27	10.93	-34.11	7.31
Net Income, 3 Yr. CAGR %	9.42	0.52	16.22	-31.95	8.73
Diluted EPS Before Extra, 3 Yr. CAGR %	9.42	0.52	16.19	-31.95	8.7
Normalized Net Income, 3 Yr. CAGR %	25.32	242.98	70.22	-8.52	8.6
Net Property, Plant and Equip., 3 Yr. CAGR %	4.26	6.79	11.8	17.16	18.32
Inventory, 3 Yr. CAGR %	-45.53	-22.94	42.95	33.48	-17.54
Accounts Receivable, 3 Yr. CAGR %	4.99	21.99	38.31	28.27	-2.02
Total Assets, 3 Yr. CAGR %	-0.56	9.13	17.22	18.83	13.91
Common Equity, 3 Yr. CAGR %	-0.94	5.87	9.46	5.62	5.3
Tangible Book Value, 3 Yr. CAGR %	-3.44	1.73	10.31	5.19	5.4
Cash From Operations, 3 Yr. CAGR %	25.32	47.08	-26.46	5.38	9.56
Capital Expenditures, 3 Yr. CAGR %	17.73	43.91	23.29	24.99	2.63
Levered Free Cash Flow, 3 Yr. CAGR %	-41.7	27.35	20.66	361.66	27.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	60.82	33.02	-17.12	245.11	26.69
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.6	13.79	16.39	12.72	11.88
Gross Profit, 5 Yr. CAGR %	11.07	4.04	-35.16	5.74	11.88
EBITDA, 5 Yr. CAGR %	3.13	2.7	8.63	10.72	16.03
EBITA, 5 Yr. CAGR %	3.85	2.58	12.66	17.6	21.73
EBIT, 5 Yr. CAGR %	3.95	2.73	12.93	17.78	22.09
Earnings From Cont. Operations, 5 Yr. CAGR %	44.84	5.04	-4.02	-23.17	22.94
Net Income, 5 Yr. CAGR %	45	4.58	-3.54	-20.36	25.9
Diluted EPS Before Extra, 5 Yr. CAGR %	45.38	4.58	-3.55	-20.36	25.86
Normalized Net Income, 5 Yr. CAGR %	10.59	3.36	9.81	106.22	58.65
Net Property, Plant and Equip., 5 Yr. CAGR %	4.56	6.6	8.47	11.67	14.53
Inventory, 5 Yr. CAGR %	-25.14	-0.34	-9.85	-18.98	6.74
Accounts Receivable, 5 Yr. CAGR %	1.27	12.16	23.44	19.42	9.65
Total Assets, 5 Yr. CAGR %	2.54	5.29	7.96	11.19	15.41
Common Equity, 5 Yr. CAGR %	2.66	3.14	2.26	4.97	7.87
Tangible Book Value, 5 Yr. CAGR %	1.55	0.95	0.97	3.12	7.23
Cash From Operations, 5 Yr. CAGR %	15.48	12.81	-11.12	27.86	15.13
Capital Expenditures, 5 Yr. CAGR %	11.09	31.28	21.53	25.53	18.43
Levered Free Cash Flow, 5 Yr. CAGR %	-20.53	27.01	13.86	32.26	79.26
Unlevered Free Cash Flow, 5 Yr. CAGR %	59.46	18.83	14.94	35.24	119.68
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-