【SMM Flash News】Endesa Reports 18% Profit Growth and Unveils 2026-2028 Strategy

Published: Feb 25, 2026 20:56

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Spanish utility Endesa SA surpassed its 2025 guidance with an 18% rise in ordinary net profit to €2.35 billion, driven by robust conventional generation and gas margins. Despite an 8.7% EBITDA increase to €5.76 billion, the company's renewable division struggled due to lower wind and solar volumes. Looking ahead, Endesa’s new 2026-2028 strategic plan signals a tactical shift; the utility intends to reduce overall renewable spending and pivot its generation mix toward wind power and energy storage, citing limited growth potential for solar in the current market environment.

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