Enea, a key player in the Polish energy market, has warned investors of a significant deterioration in its financial results for 2025. The company forecasts that its consolidated net profit will be over one billion zloty lower compared to the previous period. The main reason is an impairment charge on assets related to electricity trading, amounting to approximately PLN 1.36 billion. This event will have a substantial impact on the group's financial situation, and information about provisions taken for selling energy at a loss confirms the scale of the challenges.
Net profit drop over one billion zloty
Enea forecasts that its consolidated net profit in 2025 will be over one billion zloty lower compared to the previous period. Data indicates a decline of at least PLN 1.36 billion, representing a serious deterioration in the financial situation of the energy group.
Cause: Impairment charge
The direct cause of the forecasted profit decline is an impairment charge on assets related to electricity trading. Enea estimates the value of this charge reaches about PLN 1.36 billion, which will impact the company's profit and loss account for the past year.
Provision for losses from energy sales
Enea also disclosed information about creating a provision to cover losses resulting from electricity sales. Its value is estimated at around PLN 0.7 billion. This further burdens the financial results and confirms difficulties on the wholesale energy market.
Warning announcement for investors
Information about the profit decline was communicated to investors via a warning announcement. This is a standard procedure for listed companies that anticipate a significant deviation in financial results from previous forecasts or results of comparable periods.
The Enea Group, one of Poland's leading energy conglomerates, recently published a warning announcement for investors, indicating that its financial results for 2025 will be significantly worse than expected. The company forecasts that its consolidated net profit will be over one billion zloty lower compared to the previous period. Detailed data reported by various news services points to a decline of at least PLN 1.36 billion. The primary reason for such a drastic results revision is the necessity to record an impairment charge on assets related to electricity trading. Enea estimates the value of this charge reaches about PLN 1.36 billion. In the announcement, the company also indicates the creation of a provision for selling electricity at a loss, estimated at around PLN 0.7 billion. Both factors will significantly burden the profit and loss account for the past year. Enea is one of the four largest integrated energy conglomerates in Poland, alongside PGE, Tauron, and Energa. Its history dates back to 2007, when it was formed from the merger of several regional distribution and generation companies. The company has been listed on the Warsaw Stock Exchange since 2008, and the State Treasury remains its main shareholder.The warning announcement, published in accordance with capital market regulations, aims to inform investors about the potential negative impact on the share price. Such warnings are standard practice for listed companies that anticipate significant deviations from previous estimates or results of comparable periods. The indicated impairment charges and provisions reflect the difficult situation on the wholesale electricity market, where high prices for purchasing raw materials and CO2 emission costs can lead to selling generated energy at prices lower than its production costs. 1.36 mld zł — Value of the asset impairment chargeAnalysts note that similar asset value adjustments and loss provisions may also concern other entities in the energy sector. Enea's decisions are thus a symptom of the broader challenges facing the entire industry amid the energy transition, raw material price volatility, and EU regulations. The final, full financial results of the Enea Group for 2025 will be published in the annual report, which the company is obligated to make available to investors within the timeframe specified by regulations.