Enel Reports 65% Increase in Half-Year Profit

Italian energy giant Enel reported a 64.9% increase in first-half net profit to €4.1 billion, despite falling electricity and gas prices.
Logo ENEL sur la façade du siège social

Partagez:

Enel posted adjusted net income of 3.9 billion euros, up 20.6% excluding exceptional items.
Nevertheless, the company’s overall sales fell by 17.8% to 38.7 billion euros.
This decline was mainly due to lower energy prices and volumes sold.
Higher revenues from renewable energies partly offset this decline.
Flavio Cattaneo, CEO of Enel, underlines the significant organic growth and rigorous execution of the Group’s strategic plan.
Enel is maintaining its full-year forecasts, with net profit excluding exceptional items of between €6.6 and €6.8 billion, and EBITDA excluding exceptional items of between €22.1 and €22.8 billion.
The company also expects to pay a dividend in excess of the minimum of 0.43 euros per share.

Debt reduction and asset disposals

Debt management is a priority for Enel.
The company is reducing its net debt by 4.6% to 57.4 billion euros, with a projection of 55 billion euros after completion of ongoing asset disposals.
Enel plans asset disposals totaling 21 billion euros as part of its 2023-2025 strategic plan.
A notable transaction is the sale of 49.99% of EGPE Solar, Endesa’s subsidiary in Spain, to Masdar for 817 million euros, valuing the company at 1.7 billion euros.
Enel is thus restructuring its portfolio to focus more on renewable energies, which now account for 69.9% of its total production, compared with 17.4% for thermal power and 12.7% for nuclear.

Impact of Renewable Energies

The transition to renewable energies is at the heart of Enel’s strategy. The increase in the share of renewable energies in the company’s total production illustrates this desire to diversify energy sources and reduce dependence on fossil fuels.
This transition is essential if we are to achieve our sustainability objectives and meet investors’ expectations.
Enel’s solid financial performance, despite volatile energy prices, demonstrates the robustness of its business model.
The increase in revenues from renewable sources partly offsets the decline in thermal energy sales, offering long-term financial stability.

Future prospects and challenges

Enel plans to strengthen its position in the renewable energies sector while effectively managing its debt.
The strategy of asset disposals and portfolio optimization aims to strengthen Enel’s ability to invest in sustainable and innovative projects.
Given the volatility of the energy market, Enel’s ability to adapt quickly is crucial.
The company is committed to increasing shareholder value through attractive dividends and prudent management of its financial resources.
Enel continues to position itself as a world leader in energy transition, contributing to a more sustainable energy future.
In summary, Enel demonstrates solid financial performance and resilience in the face of energy market challenges.
Debt reduction, growth in renewable energies and an optimistic outlook for the coming year position Enel as a key player in the global energy sector.

Pedro Azagra leaves his role as CEO of Avangrid to become CEO of Iberdrola, while Jose Antonio Miranda and Kimberly Harriman succeed him as CEO and Deputy CEO respectively of the American subsidiary.
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.