Endesa profit rises to €1,962 million, target stays

€1,962 million in nine months: Endesa reports a 14.7% rise in net profit and holds to its 2026 earnings target. The energy company announced the figures in Madrid, Spain, on 28 October 2026. It still expects ordinary net profit of more than €2,400 million for the full year, despite forecasting tougher market conditions in the final quarter.

Revenue from January to September rose 9% to €17,389 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 8.4% to €4,577 million.

The distribution network business posted €1,747 million in EBITDA, up 24.8%. Endesa attributed the increase to new rules in force since 1 January and adjustments relating to earlier years. Gross investment rose 19% to €1,622 million, with around €900 million going into distribution networks.

Endesa plans to present an updated strategy in February 2027, setting out its priorities for the next three financial years.

Topics: Economy

Source: Europa Press / Mallorca.com