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Enea in 2026: Poland's fourth-largest energy group, State-Treasury controlled, owner of Bogdanka, an mWIG40 issuer from Poznań
Enea S.A. (KRS 0000012483), headquartered at ul. Pastelowa 8 in Poznań, is Poland's fourth-largest energy group (after PGE, Tauron and Energa), controlled by the State Treasury. It operates the Kozienice power plant (Poland's largest coal-fired plant after PGE's Bełchatów) and Połaniec, runs distribution networks across five north-western Polish voivodeships, and controls the Lubelski Węgiel Bogdanka coal mine. Its 2025 financial statements show revenue of PLN 28.1bn and net profit of PLN 1.82bn (up 30% year on year). Listed on the WSE since 2008 and an mWIG40 constituent, with a four-member management board and a ten-member supervisory board.
Explainer
Polenergia in 2026: Poland's largest private energy group – controlled by Dominika Kulczyk, renewables and offshore wind, an mWIG40 company at Krucza 24/26
Polenergia S.A. (KRS 0000026545), headquartered at ul. Krucza 24/26 in Warsaw, is Poland's largest private energy group – in contrast to the four state-owned groups (PGE, Tauron, Energa, Enea). It is controlled by Dominika Kulczyk through the Mansa Investments vehicle and focuses on renewables: onshore and offshore wind (the Baltic II joint venture with PGE), photovoltaics and distributed energy. In 2025 the group posted PLN 4.23bn in revenue and a PLN 124.6m net loss. Listed on the WSE since 2014.