Italy's national power company, Enel, has announced a rise in first-half profits, driven by strong performances in Spain and Latin America that helped counterbalance a decline in domestic Italian margins. The Rome-based energy firm reported that adjusted net profit, referred to as ordinary net income, increased by 2.8% year-on-year to €3.93 billion (equivalent to $4.51 billion). Ordinary earnings per share rose to €0.40 from €0.38 in the same period last year.

Additionally, adjusted earnings before interest, taxes, depreciation, and amortization (ordinary EBITDA) grew by 3.2%, reaching €11.84 billion. Revenue saw a slight uptick to €40.92 billion from €40.82 billion in the prior year. The company noted that domestic sales in Italy declined due to lower average prices and reduced trading volumes in wholesale and index-pricing markets. However, this was offset by increased revenue from electricity distribution and generation operations in Spain and Latin America.

Looking ahead, Enel projects its ordinary net income for 2026 to fall between €7.1 billion and €7.3 billion, with ordinary EBITDA anticipated in the range of €23.1 billion to €23.6 billion. The company also forecasts ordinary earnings per share to be approximately €0.74.