Current Report No.: 17/2026

Current Report No.: 17/2026

Date of Preparation: 7 May 2026

Issuer's Abbreviated Name: Enea S.A.

Subject: Information on preliminary financial and operating results for Q1 2026

Legal Basis: Article 17(1) of the Market Abuse Regulation - inside information

Body of the report:

On 7 May 2026, the Management Board of Enea S.A. ("Company") adopted information on preliminary financial and operating results of the Enea Group for Q1 2026. Accordingly, the Company hereby discloses the said preliminary results.

Consolidated financial results of the Enea Group for Q1 2026:

- Revenue from sales and other income: PLN 7,183 million,

- EBITDA: PLN 1,548 million,

- Profit before tax: PLN 1,156 million,

- Net profit for the reporting period: PLN 925 million,

- Net profit attributable to shareholders of the parent company: PLN 929 million,

- Capital expenditures on property, plant and equipment and intangible assets: PLN 983 million,

- Net debt / LTM EBITDA ratio: 0.53.

EBITDA in the distinct operating areas:

- Mining: PLN 26 million,

- Generation: PLN 637 million, of which: PLN 428 million from conventional energy sources, PLN 80 million from RES, PLN 118 million from heat,

- Distribution: PLN 741 million,

- Trading: PLN 71 million, of which: retail trading of PLN 72 million, wholesale trading of PLN -1 million.

Selected operating highlights:

- Net coal production: 2.0 million tons,

- Total net electricity generation: 5.9 TWh, of which 0.3 TWh from biomass and 0.2 TWh from RES,

- Sales of distribution services to end users: 5.4 TWh,

- Sales of electricity and gaseous fuel to retail customers: 6.5 TWh.

EBITDA generated by the Enea Group in Q1 2026 was driven by the following factors (as compared to Q1 2025):

The lower EBITDA in the Mining Area resulted from a decrease in revenue from sales of coal. Along with a lower coal sales volume, a lower sales price was realized. In addition, the EBITDA for the comparable period, i.e., Q1 2025, was significantly impacted by the compensation (a one-off event amounting to PLN 144.85 million).

- In the Generation Area, a higher EBITDA was posted. The Conventional Power Segment reported an increase in EBITDA, primarily due to a rise in the CDS margin, higher revenues from the Capacity Market, and an increase in the margin on the Green Unit, offset by a decline in the margin on electricity repurchase and lower revenues from Balancing Capacities. In the RES Segment, an increase in EBITDA was recorded, driven by stronger performance in the Wind Area. The Heat Segment saw an improvement in EBITDA, driven by an increase in the unit margin.

- The Distribution segment reported lower EBITDA. Despite an increase in the realized margin from licensed operations, there was also an increase in operating costs and an increase in provisions for grid assets.

- In the Trading Area, the lower EBITDA was mainly due to a decrease in the margin on the retail market. In addition, EBITDA was significantly impacted by an increase in the use of provisions (primarily provisions for Tariff G).

On account of the application of settlements with eligible offtakers pursuant to the Act of 7 October 2022 on special solutions to protect electricity offtakers in 2023 and 2024 in connection with the situation on the electricity market and on account of the application of the maximum price in accordance with the Act of 27 October 2022 on emergency measures to reduce electricity prices and support certain consumers in 2023-2025, Enea S.A. recognized in Q1 2026 compensation revenues in the total amount of PLN 3 million.

Please be advised that the foregoing figures are estimates and as such are subject to change, and the final results will be presented in the Enea Group's interim report for Q1 2026.

Please note that the term EBITDA is defined as the value of operating profit (loss) + depreciation and amortization + impairment losses on non-financial non-current assets (values for the reporting period). The Net debt / LTM EBITDA ratio is equal to (loans, borrowings and non-current and current debt securities + non-current and current finance lease liabilities + non-current and current financial liabilities measured at fair value - cash and cash equivalents - non-current and current financial assets measured at fair value - non-current and current debt financial assets measured at amortized cost - other current investments) / LTM EBITDA. LTM EBITDA means EBITDA for the last 12 months.