Energa’s profit decreased by 60% y/y in Q3

In Q3 2024, Energa’s net profit dropped by 60% y/y, totaling PLN 78 million compared to PLN 195 million in Q3 2023. For the first nine months of 2024, net profit decreased by 44% y/y, reaching PLN 911 million from PLN 1.62 billion. EBITDA for Q3 was estimated at PLN 671 million, down from PLN 751 million a year earlier, while total revenue fell by 14% to PLN 5.22 billion from PLN 6.05 billion.

Despite these declines, Energa’s capital expenditures for Q3 2024 were steady at PLN 1.14 billion, similar to last year. Over nine months, revenues fell by 14% to PLN 16.8 billion, while total investments rose slightly to PLN 3.06 billion.

(wnp.pl)