1. Poland Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Enea SA

Enea SA

21.80
PLN
-0.76
(-3.37%)
2.35EPS
7.40P/E
10.27BMarket Cap
Nov 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
20.73
22.33
22.31
25.5
25.84
28.71
35.78
41.18
48.19
59.98
83.1
58.96
51.99
50.19
Basic EPS, GAAP
1.64
2.06
-0.99
1.78
2.42
1.56
0.96
-5.14
3.83
0.09
-1.33
2.63
3.43
2.62
Free Cash Flow per Basic Share
-0.69
-3.27
-1.45
-0.6
1.18
1.03
0.15
1.76
8.12
-2.71
-1.3
4.33
3.57
-3.3
Dividend per Share
0.36
0.57
0.47
- -
0.28
- -
0.02
- -
- -
0.06
0.06
0.06
0.5
0.5
Book Value per Share
25.98
27.22
25.68
27.58
29.63
31.93
32.75
27.27
31.77
28.08
26.31
28.9
31.65
34.03
Tangible Book Value per Share
25.51
26.33
25.07
26.74
28.68
30.95
30.92
26.45
30.98
27.42
25.68
28.3
30.95
33.28
Basic Weighted Avg Shares
441
441
441
441
441
441
441
441
441
501
530
530
530
530
Sales/Revenue/Turnover
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
26,586
Operating Margin (%)
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
13.41
Depreciation Expense
762
728
790
1,110
1,195
1,478
1,548
1,598
1,539
1,585
1,652
1,509
1,405
1,503
Net Income, GAAP
723
908
-435
784
1,070
687
423
-2,268
1,691
45
-704
1,396
1,816
1,388
Effective Tax Rate (%)
24.27
20.47
- -
20.57
20.57
17.2
37.94
- -
17.11
56.82
- -
60.1
26.78
31.4
Profit Margin (%)
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
5.22
Working Capital
1,680
1,910
2,377
2,132
1,982
2,122
2,543
1,336
711
684
2,506
6,555
4,090
2,531
LT Debt
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
5,698
Total Equity
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
19,007
Return on Invested Capital (%)
5.76
6.97
- -
4.64
5.57
3.74
4.43
- -
7.3
1.12
- -
5.03
8.49
5.69
Return on Capital (%)
6.27
7.05
- -
4.19
5.01
3.6
1.88
- -
7.85
0.48
- -
8.66
8.93
7.14
Return on Common Equity (%)
6.46
7.74
-3.72
6.67
8.48
5.05
2.96
-17.12
12.98
0.31
-4.89
9.54
11.32
7.94

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,032
1,084
1,986
LT Borrowings
5,827
5,859
4,902
LT Finance Leases
758
758
796
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
530
530
530
Market Capitalization
10,319
13,031
10,266

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,263
12,094
12,513
Cash, Cash Equivalents & STI
4,637
4,455
5,059
Accounts Receivable, Net
3,784
4,572
4,268
Inventories
1,280
1,074
1,262
Total Current Liabilities
11,173
7,480
9,982
Payables & Accruals
- -
- -
- -
ST Debt
1,032
1,084
1,986
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

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
- -
- -
777.96%

Quarterly Revenue

PLN

•

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
5,638
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.92
2.38
1.83
-3.5
2.63
2025
1.98
1.65
1.41
-1.62
3.43
2026
1.75
1.07
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.06
- -
0.06
2025
- -
- -
0.5
- -
0.5
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Grzegorz Kinelski
Full Time Employees
17,814
Sector
Utilities
Industry
Electric utilities
Address
ul. Górecka 1 Poznan WP Poland 60-198
IPO Date
Nov 17, 2008
Website
enea.pl
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Business
Enea S.A. is a Poland-based energy company engaged in the production, distribution, and trading of electricity. Founded in 2003 and headquartered in Poznań, Poland, Enea operates across the entire electricity value chain, including generation from hard coal, wind farms, hydropower, photovoltaic (solar) farms, and biogas plants; electricity distribution through its subsidiary Enea Operator; wholesale and retail electricity trading; and coal mining through its subsidiary LW Bogdanka S.A. The company serves approximately 2.4 million customers including individual consumers, small and medium-sized enterprises, and large industrial clients primarily in Poland. Enea also provides services related to construction, modernization, and maintenance of power grids and street lighting and is involved in IT and telecommunications services, including cybersecurity and telecom software solutions. In recent years, Enea has significantly accelerated its expansion into renewable energy, acquiring multiple operational wind farms with a total capacity exceeding 199 MW, including six wind farms acquired in March 2025, and a 35 MW photovoltaic solar project near Konin, enhancing its green energy portfolio. The company plans to expand further with around 800 MW of renewable projects with construction permits targeted by 2024. Enea has formed strategic partnerships, including with PAD RES for photovoltaic developments, to advance its renewable generation capacity and support Poland's energy transition. Enea also actively engages in cybersecurity and network data management software for mobile networks, offering signaling, messaging, and voice firewall solutions designed to protect telecom networks. The company maintains a significant presence in the Polish market as the second-largest electricity producer and a major distributor. Enea is majority-owned by the Polish State and operates through a structure of numerous subsidiaries focused on power generation, distribution, trading, and mining.