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PGE Polska Grupa Energetyczna S.A.

PGE Polska Grupa Energetyczna S.A.

PGE.WA
PGE Polska Grupa Energetyczna S.A.PL flagWarsaw Stock Exchange
9.37
PLN
+0.06
- -
21.03BMarket Cap
PGE Polska Grupa Energetyczna S.A.
PGE.WA
(Warsaw Stock Exchange)

Recent

price

9.37

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
9.62
15.03
16.3
16.12
15.05
15.27
15.02
12.35
13.88
20.12
24.48
28.22
34.48
42.77
28.74
27.38
27.61
Revenue per Share
1.68
2.62
1.93
2.11
1.95
-1.62
1.37
1.39
0.8
-2.12
0.06
2.12
1.56
-2.23
-1.2
-1.56
-1.78
Basic EPS, GAAP
0.98
1.3
1.31
1.78
-0.02
-0.98
-0.83
1
-0.69
-0.05
2.31
1.47
2.32
-2.88
0.21
0.87
-0.7
Free Cash Flow per Basic Share
0.74
0.75
1.88
0.86
1.1
0.78
0.25
- -
0.02
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
14.19
17.13
16.74
18.48
19.04
14.62
15.4
15.9
14.39
12.27
12.9
14.3
13.39
8.63
10.14
6.75
7.64
Book Value per Share
17.56
21.81
21.84
23.05
23.6
21.13
22.53
24.25
25.01
22.68
22.92
25.46
25.19
20.25
19.43
18.26
19.96
Tangible Book Value per Share
2,127
1,870
1,870
1,870
1,870
1,870
1,870
1,870
1,870
1,870
1,870
1,870
2,130
2,244
2,244
2,244
2,235
Basic Weighted Avg Shares
20,471
28,111
30,481
30,145
28,143
28,542
28,092
23,100
25,946
37,627
45,766
52,772
73,435
95,964
64,483
61,434
61,720
Sales/Revenue/Turnover
20.27
14.98
20.07
17.3
18.27
-12.75
12.36
15.29
9.78
-11.63
2.86
4.25
6.5
-3.44
0.31
-4.1
-4.73
Operating Margin (%)
2,655
2,711
2,932
2,982
3,197
11,817
3,864
4,098
3,893
11,316
4,558
4,412
4,362
13,455
12,279
13,883
13,882
Depreciation Expense
3,574
4,893
3,616
3,948
3,638
-3,032
2,568
2,600
1,498
-3,961
110
3,972
3,328
-5,012
-2,698
-3,497
-3,975
Net Income, GAAP
15.72
19.38
20.96
18.07
20.72
- -
21.62
19.15
31.07
- -
52.87
19.01
17.52
- -
- -
- -
53.9
Effective Tax Rate (%)
17.46
17.4
11.86
13.1
12.93
-10.62
9.14
11.26
5.77
-10.53
0.24
7.53
4.53
-5.22
-4.18
-5.69
-6.44
Profit Margin (%)
889
3,855
4,080
5,123
6,721
2,804
4,545
673
-3,386
769
66
903
-1,250
-7,572
-7,024
-3,279
-1,442
Working Capital
1,804
1,341
1,085
1,994
4,688
5,118
9,603
8,557
6,361
10,859
10,025
8,666
6,799
10,384
10,461
13,139
13,716
LT Debt
37,555
41,042
41,344
43,808
44,884
40,417
42,775
46,378
47,801
43,137
43,501
48,291
54,383
47,390
45,529
42,985
46,616
Total Equity
8.16
7.99
11.12
9.5
8.43
- -
5.52
5.22
3.03
- -
1.11
3.15
6.34
- -
- -
- -
- -
Return on Invested Capital (%)
12.71
14.84
11.13
11.7
9.88
- -
7.85
7.01
4.37
- -
0.85
11.9
9.93
- -
- -
- -
-25.36
Return on Capital (%)
12.79
15.73
11.42
11.99
10.37
-9.64
9.15
8.89
5.29
-15.89
0.47
15.62
12.05
-20.94
-12.81
-18.45
-18.6
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,701
1,736
1,729
LT Borrowings
10,668
11,563
12,122
LT Finance Leases
1,541
1,576
1,594
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,244
2,244
2,244
Market Capitalization
23,948
19,622
23,538

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
25,083
29,423
29,375
Cash, Cash Equivalents & STI
13,491
10,568
7,894
Accounts Receivable, Net
5,549
6,333
6,376
Inventories
2,181
2,040
1,836
Total Current Liabilities
26,656
32,702
30,817
Payables & Accruals
- -
- -
- -
ST Debt
1,701
1,736
1,729
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.97%
0.25%
-5.59%
Free Cash Flow
-554.34%
5.57%
322.39%
Net Income, GAAP
253.45%
645.51%
29.61%
Sales/Revenue/Turnover
10.72%
9.52%
-4.73%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16,841
14,453
15,562
17,627
64,483
2025
17,167
13,804
13,785
16,678
61,434
2026
17,453
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.42
0.32
- -
-1.2
2025
1.08
-4.28
0.25
- -
-1.56
2026
0.86
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PGE Polska Grupa Energetyczna S.A. (PGE) operates as Poland's largest integrated energy company, engaging in the generation, transmission, distribution, trading and supply of electricity and heat primarily within Poland. The company produces power through conventional sources including lignite mining, hard coal-fired plants such as the Bełchatów Power Station, and cogeneration units; renewable sources encompassing onshore and offshore wind farms, photovoltaic installations and pumped-storage hydroelectric facilities; alongside district heating, energy storage solutions and ancillary services. It manages distribution networks serving over 5 million customers comprising households, businesses and institutions; trades electricity, gas and related products on wholesale markets; and offers railway energy services, circular economy operations handling combustion by-products, as well as supporting services in information technology, human resources and transport. Established in 1990 as Polskie Sieci Elektroenergetyczne S.A. and headquartered in Warsaw with key operations in Lublin, PGE maintains two major lignite mines, more than 40 power stations and eight distribution system operators across Poland. In recent developments, PGE secured a PLN 2.25 billion loan from the European Investment Bank in 2025 to fund nearly 730 MW of photovoltaic capacity and modernization of a 540 MW pumped-storage plant; adopted a new Strategy for 2035 in June 2025 projecting PLN 235 billion in capital expenditures focused on low-carbon transition; acquired full ownership of PGE PAK Energia Jądrowa in October 2025 to advance the Pątnów nuclear power project; signed an agreement in January 2025 to gain control of two energy companies including the Adamów Power Plant from Mytilineos SA; completed the purchase and rebranding of PKP Energetyka to PGE Energetyka Kolejowa in 2023; and announced plans in 2024 for Europe's largest energy storage facility in Żarnowiec with 263 MW capacity and at least 900 MWh to support wind farm balancing.