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Polenergia S.A.

Polenergia S.A.

PEP.WA
Polenergia S.A.PL flagWarsaw Stock Exchange
60.10
PLN
-0.40
- -
4.64BMarket Cap
Polenergia S.A.
PEP.WA
(Warsaw Stock Exchange)

Recent

price

60.10

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
7.93
6.24
5.44
5.75
27.99
53.64
57.98
53.45
66.73
50.24
35.05
77.35
102.27
82.1
55.95
54.72
51.73
Revenue per Share
2.77
2.94
3.85
0.25
0.94
1.3
-2.16
-1.7
0.07
2.11
2.14
6.53
2.31
3.85
3.9
-1.61
-1.4
Basic EPS, GAAP
-10.31
-6.91
-1.16
3.74
2.38
-7.29
2.41
1.54
1.61
3.41
-2.47
-8.36
-5.97
4.31
6.71
4.5
4.25
Free Cash Flow per Basic Share
0.01
0.01
- -
0.01
- -
- -
0.44
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
5.78
6.49
7.44
2.15
4.33
4.23
1.69
1.63
3.22
6.18
7.48
12.92
9.08
11.6
12.1
9.57
10.44
Book Value per Share
13.64
17.82
21.03
21.16
32.7
22.5
20.19
18.7
21.22
23.53
26
34.46
42.04
56
53.57
55.33
57.14
Tangible Book Value per Share
22
24
24
24
33
52
52
52
52
52
52
52
69
68
77
77
77
Basic Weighted Avg Shares
176
147
132
139
935
2,772
2,997
2,762
3,449
2,597
1,811
3,999
7,089
5,615
4,321
4,226
3,963
Sales/Revenue/Turnover
44.88
31.62
12.67
16.56
6.26
5.11
3.82
3.16
2.73
6.77
8.84
6.35
3.35
7.23
11.13
7.56
7.22
Operating Margin (%)
11
10
29
29
50
88
115
97
96
101
96
93
116
162
174
183
183
Depreciation Expense
62
70
93
6
31
67
-112
-88
3
109
111
337
160
264
301
-125
-107
Net Income, GAAP
22.64
21.99
- -
- -
6.78
26
- -
- -
91.69
20.34
14.13
20.36
20.15
20.2
23.95
- -
35.74
Effective Tax Rate (%)
34.99
47.22
70.84
4.27
3.35
2.43
-3.72
-3.18
0.1
4.2
6.1
8.44
2.26
4.69
6.97
-2.95
-2.71
Profit Margin (%)
115
146
355
312
358
252
13
27
263
349
378
132
921
1,397
1,354
698
825
Working Capital
370
463
243
276
695
1,027
820
706
792
830
1,032
1,228
1,453
1,498
2,179
2,983
2,970
LT Debt
304
423
512
515
1,334
1,397
1,267
1,182
1,186
1,295
1,418
1,857
3,083
3,998
4,304
4,351
4,458
Total Equity
8.92
4.05
- -
- -
3.68
4.48
- -
- -
0.37
6.55
5.83
6.68
4.57
6.15
5.87
- -
- -
Return on Invested Capital (%)
15.01
10.82
- -
- -
8.13
8.45
- -
- -
0.69
12.63
10.49
19.08
8.99
13.67
12.9
- -
3.61
Return on Capital (%)
51.78
49.44
55.92
5.13
31.91
37.12
-72.95
-102.22
2.71
44.86
31.32
64
24.66
37.05
34.86
-14.89
-12.08
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
235
231
269
LT Borrowings
2,786
2,749
2,736
LT Finance Leases
229
234
234
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
77
77
77
Market Capitalization
4,530
4,071
3,846

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,364
1,366
1,635
Cash, Cash Equivalents & STI
986
195
1,193
Accounts Receivable, Net
192
244
203
Inventories
36
33
19
Total Current Liabilities
652
668
810
Payables & Accruals
- -
- -
- -
ST Debt
235
231
269
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.84%
27.07%
1.11%
Free Cash Flow
-12%
21.13%
-32.91%
Net Income, GAAP
280.34%
18.06%
-141.36%
Sales/Revenue/Turnover
12.22%
30.4%
-2.19%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,191
914
911
1,304
4,321
2025
1,188
1,129
915
994
4,226
2026
925
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.82
1.03
0.95
- -
3.9
2025
0.56
-1.08
-0.15
- -
-1.61
2026
0.78
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Polenergia S.A. operates as Poland's largest private energy group, engaging in the generation, distribution, trading, and sale of electricity from renewable sources. Founded in 1997 and headquartered in Warsaw at ul. Krucza 24/26, the company maintains a vertically integrated business model across onshore wind farms, photovoltaics, offshore wind farms, gas and clean fuels, trading and sales, and distribution segments; it generates clean energy from a portfolio of onshore wind and solar farms with total capacity of 574 MW, develops offshore wind projects totaling up to 3 GW in the Baltic Sea through partnership with Equinor including Baltic 2 and Baltic 3 farms each at 720 MW targeting first grid supply in 2027, trades electricity, certificates of origin, CO2 allowances, and guarantees of origin, sells energy to industrial, commercial, and household customers, provides market access and e-mobility solutions, and distributes electricity and gas primarily in Poland with expansion into Romania. Polenergia serves business-to-business and retail customers with green energy solutions aligned to European Green Deal standards and zero-carbon goals, emphasizing sustainable development, biodiversity, and innovative products like power purchase agreements and energy storage systems. In recent developments, Polenergia unveiled its 2025-2030 strategy prioritizing offshore wind implementation and onshore capacity growth to 1.5 GW with EBITDA targeting PLN 1.6 billion by 2030, completed acquisition of remaining 40% shares in Naxxar Wind Farm Four SRL in September 2024 to become sole shareholder of Romanian wind projects, signed EPC contracts and module supply agreements for photovoltaic projects like Rajkowy in August 2025, secured up to EUR 125 million financing for offshore wind in February 2025 and PLN 1.5 billion via green bonds plus National Recovery Plan funds, allocated PLN 1.3 billion cash reserves for offshore, solar, and storage investments exceeding 2.3 GW, and advanced new prospective offshore projects announced in November 2025 while reporting 2024 EBITDA of PLN 642.1 million up 17% year-over-year with over 1.4 TWh clean electricity produced.