Endesa (Group Enel) closes the first half of 2026 with strong growth results, despite a market context characterised by reduction in electricity prices in SpainThe Spanish subsidiary of the Group led by Flavio Cattaneo reported a sharp increase in profitability and raised its 2026 ordinary net income forecast.
In the first six months of the year, the average price of the Spanish wholesale electricity market decreased by 8% year-on-year, reaching approximately 73 euros/MWh. In this scenario, Endesa achieved a Ebitda of approximately 3,2 billion euros, up 20% compared to the first half of 2025, while theordinary net profit è rose to around 1,5 billion of euros, with a growth of 41% year on year.
In light of the performance recorded in the first half of the year, the company has decided to raise the ordinary net profit target expected for 2026, confirming the solidity of the industrial model and the ability to generate value even in a complex energy scenario.
The investment plan also continues: in the first six months of 2026 the Capex reached approximately 1,1 billion euros, an increase of 14% compared to the same period of the previous year. Over half of the resources were allocated to networks, a sector which has recorded growth in investments 38% year-on-year, confirming the strategic role of infrastructure for the energy transition.
The company also maintains a solid financial structure, with a ratio between net debt and EBITDA equal to approximately 1,6 times, one of the lowest levels among the main companies in the sector.
