1. Poland Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
Enea S.A.

Enea S.A.

ENEAY
Enea S.A.US flagOther OTC
22.48
USD
- -
- -
11.91BMarket Cap
Enea S.A.
ENEAY
(Other OTC)

Recent

price

22.48

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
71.01
87.97
91.44
82.91
89.3
89.24
101.99
103.35
114.83
143.13
164.7
192.77
239.92
332.4
235.86
207.95
206.13
Revenue per Share
5.79
7.2
6.34
6.55
8.23
-3.94
7.11
9.7
6.22
3.83
-20.55
15.32
0.36
-5.32
10.54
13.71
12.79
Basic EPS, GAAP
3.84
2.16
-4.96
-2.76
-13.1
-5.81
-2.39
4.73
4.13
0.62
7.02
32.49
-10.85
-5.21
17.33
14.26
0.91
Free Cash Flow per Basic Share
1.52
1.76
1.92
1.44
2.28
1.89
0.01
1.11
- -
0.08
- -
- -
0.24
0.24
0.23
2.01
2
Dividend per Share
56.1
51.16
55.14
60.42
76.05
70.19
77.33
85.59
95.11
98.38
77.26
101.71
90.46
79.55
90.26
101.48
108.5
Book Value per Share
88.18
94.03
97.07
102.23
105.78
107.38
114.54
123.06
132.42
132.97
115.39
134.57
125.99
114.03
120.93
131.13
138.1
Tangible Book Value per Share
110
110
110
110
110
110
110
110
110
110
110
110
125
132
132
132
132
Basic Weighted Avg Shares
7,837
9,709
10,091
9,151
9,855
9,848
11,256
11,406
12,673
15,796
18,177
21,275
30,076
44,021
31,235
27,540
27,298
Sales/Revenue/Turnover
9.25
8.32
8.47
10.11
12.45
15.04
11.22
14.14
7.42
11.98
9.27
9.75
2.48
10.98
17.13
15.59
14.18
Operating Margin (%)
653
683
750
762
728
790
1,110
1,195
1,478
1,548
1,598
1,539
1,585
1,652
1,509
1,405
1,449
Depreciation Expense
639
795
700
723
908
-435
784
1,070
687
423
-2,268
1,691
45
-704
1,396
1,816
1,694
Net Income, GAAP
21.38
19.73
21.71
24.27
20.47
- -
20.57
20.57
17.2
37.94
- -
17.11
56.82
- -
60.1
26.78
28.22
Effective Tax Rate (%)
8.16
8.19
6.93
7.9
9.22
-4.42
6.97
9.38
5.42
2.68
-12.48
7.95
0.15
-1.6
4.47
6.6
6.21
Profit Margin (%)
2,513
2,308
1,645
1,680
1,910
2,377
2,132
1,982
2,122
2,543
1,336
711
684
2,506
6,555
4,090
4,614
Working Capital
74
76
55
822
2,210
5,934
6,279
7,722
7,977
8,307
7,137
5,023
4,712
4,947
6,785
6,584
6,617
LT Debt
9,876
10,480
10,914
11,489
12,064
12,123
13,012
14,000
15,049
15,480
13,094
15,202
16,146
15,440
16,333
17,739
18,670
Total Equity
5.8
6.2
6.06
5.88
7.2
- -
5.23
6.04
3.39
4.7
- -
7.67
1.45
- -
8.79
12.49
10.84
Return on Invested Capital (%)
10.45
13.25
11.96
10.65
10.32
- -
5.18
6.06
4.28
2.2
- -
9.16
0.56
- -
10.1
10.34
9.86
Return on Capital (%)
10.74
13.43
11.93
11.33
12.06
-5.39
9.64
11.9
6.89
3.96
-23.41
17.12
0.4
-6.44
12.41
14.31
12.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
791
1,032
1,084
LT Borrowings
5,974
5,827
5,859
LT Finance Leases
731
758
758
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
530
530
530
Market Capitalization
4,540
4,484
11,055

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
14,857
15,263
12,094
Cash, Cash Equivalents & STI
7,917
4,637
4,455
Accounts Receivable, Net
4,158
3,784
4,572
Inventories
1,299
1,280
1,074
Total Current Liabilities
9,591
11,173
7,480
Payables & Accruals
- -
- -
- -
ST Debt
791
1,032
1,084
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.22%
6.47%
8.61%
Free Cash Flow
30.86%
-55.05%
-17.72%
Net Income, GAAP
-314.87%
-438.91%
30.12%
Sales/Revenue/Turnover
13.03%
12.78%
-11.83%
Total Cash Common Dividend
- -
5,854.81%
777.96%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,874
7,362
7,643
8,357
31,235
2025
7,414
6,351
6,444
7,331
27,540
2026
7,173
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.69
9.53
7.33
- -
10.54
2025
7.94
6.6
5.64
- -
13.71
2026
7.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.23
- -
0.23
2025
- -
- -
2
- -
2.01
2026
- -
- -
- -
- -
- -
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Business
Enea S.A. generates, transmits, distributes, trades, and sells electricity and heat throughout Poland, operating as the fourth largest energy group in the country with a comprehensive value chain from coal mining to customer service; core products and services encompass electricity generation from hard coal-fired power plants including Kozienice and Połaniec, wind farms, hydropower and biogas facilities, and photovoltaic projects; coal production and sales via LW Bogdanka S.A.; heat energy from plants in Białystok, Oborniki, and Piła; distribution through Enea Operator across six regions including Greater Poland, West Pomeranian, Lubusz, Kuyavian-Pomeranian, Lower Silesian, and Pomeranian voivodeships; wholesale and retail trading to 2.4 million customers comprising households, small and medium enterprises, and large industrial clients; and ancillary services such as road lighting maintenance, transport, repair, construction, measuring equipment production, and automotive support. Founded in 1904 and headquartered in Poznań, the company, formerly known as Energetyka Poznanska S.A., maintains key subsidiaries including Enea Wytwarzanie, Enea Elektrownia Połaniec, Enea Nowa Energia, Enea Trading, Enea Power & Gas Trading, and Enea Oświetlenie. Recent developments feature accelerated renewable energy expansion with acquisitions of wind farms totaling over 480 MW including the 35 MW Genowefa solar project from PAD RES, an 83.2 MW portfolio and additional 83.5 MW from Greenvolt Group, and three farms adding 199.9 MW in early 2025; a record PLN 9.13 billion loan from Bank Gospodarstwa Krajowego under the National Recovery and Resilience Plan for smart grid modernization; introduction of the Eco tariff and green product lines in sales and distribution; a letter of intent with Świętokrzyska Industrial Group Industria for small modular reactor technology cooperation; and an agreement in September 2025 on a spin-off demerger plan transferring assets to Enea Power & Gas Trading sp. z o.o.