Slide 1: H1 2026 Financial results
H1 2026 Financial results 31 July 2026
Slide 2: Catherine Macgregor
H1 2026 FINANCIAL RESULTS CATHERINE MACGREGOR 2 ENGIE JULY 2026
Slide 3: H1 2026 Highlights
H1 2026 FINANCIAL RESULTS H1 2026 HIGHLIGHTS Strong H1 results, Sustained delivery in Continued Further expansion 2026 guidance Renewables & development in power upgraded BESS in data centers networks 3 ENGIE JULY 2026
Slide 4: Update on Energy Markets
H1 2026 FINANCIAL RESULTS UPDATE ON ENERGY MARKETS • Geopolitical situation continues to impact energy markets • Operations in Middle East as well as • Electrification increasingly seen by diversified gas supply portfolio policymakers as a key lever to resilient to the situation strengthen energy so
Slide 5: Strong Financial Results, 2026 Guidance Upgraded
H1 2026 FINANCIAL RESULTS STRONG FINANCIAL RESULTS, 2026 GUIDANCE UPGRADED EBIT ex. Nuclear NRIgs 2026 guidance upgraded €5.3bn €3.0bn Vs. €5.1bn in H1 2025 vs. €3.1bn in H1 2025 NRIgs expected between Performance Economic net debt €4.9 and €5.5bn €304m €60.3bn vs. €246m in H1 2025 Vs. €45.2bn vs. e
Slide 6: Sustained Delivery in Renewables and BESS
H1 2026 FINANCIAL RESULTS SUSTAINED DELIVERY IN RENEWABLES AND BESS Global Pipeline 59.5 GW • France: 122 GW total capacity ‒ COD of Ile d’Yeu / Noirmoutier of which 2.4 GW added offshore wind farm (500 MW) in H1 26 ‒ 325 MW onshore wind projects won, 11 LatAm 122 o/w 209 MW repowering Development 5
Slide 7: Continued Development in Tech and Data Centers
H1 2026 FINANCIAL RESULTS CONTINUED DEVELOPMENT IN TECH AND DATA CENTERS From 6 to 7 GW data center load pipeline1 ~1GW of PPAs with greater maturity contracted with tech and data sector in H1 2026, bringing total to 7GW 31 December 2025 30 June 2026 Advanced RoW Advanced RoW EU 47 % Early Stage EU
Slide 8: Further Expansion in Power Networks
H1 2026 FINANCIAL RESULTS FURTHER EXPANSION IN POWER NETWORKS Closing of UKPN transaction in May BRAZIL – awarded in Q1 In line with our 143 km GROUP AMBITION €180m €11.4bn of lines and 5 synchronous 10,000 km condenser units of transmission lines Contribution RAV targeted in operation at end-June 2
Slide 9: Pierre-François Riolacci
H1 2026 FINANCIAL RESULTS PIERRE-FRANÇOIS RIOLACCI EVP in charge of Finance, ESG and Procurement 9 ENGIE JULY 2026
Slide 10: Financial Performance Highlights
H1 2026 FINANCIAL RESULTS FINANCIAL PERFORMANCE HIGHLIGHTS Strong investments and execution H1 RESULTS €bn, unaudited figures1 Actual ∆ ∆ Gross Organic2 offset market normalization EBITDA (excl. Nuclear) 7.7 +4% +2% • EBITDA and EBIT (excluding Nuclear) growth EBIT (excl. Nuclear) 5.3 +3% +1% suppor
Slide 11: H1 EBIT Evolution
H1 2026 FINANCIAL RESULTS H1 EBIT EVOLUTION EBIT (excl. Nuclear) (€m) 5,263 -338 +304 -2 -78 +180 +262 5,263 5,095 -160 1,549 Supply & FX -36 Energy Management UK Strong Scope -42 Power 1 Networks Price & Others Performance contribution Volatility Volumes 2,224 Infrastructures Commissioning from gro
Slide 12: Renewable & Flex Power
H1 2026 FINANCIAL RESULTS RENEWABLE & FLEX POWER Renewables & BESS mitigating gas generation headwinds OUTRIGHT VOLUMES -5% ACHIEVED PRICES1 HYDRO CNR FRANCE HYDRO FRANCE CAPACITY ADDITIONS2 organic variance (€/MWh) (TWh) (GW) 2.4 -0.1 TWh -32% 0.0 M&A -69 +36 -137 8.1 8.0 Scope & Renewable Gas Gas
Slide 13: Infrastructures
H1 2026 FINANCIAL RESULTS INFRASTRUCTURES 13% EBIT growth underpinned by the acquisition of UK Power Networks +4% NETWORKS POWER TRANSMISSION organic variance Local Energy REGULATED ASSET BASE LENGTH +180 +46 +22 +18 248 (€bn) (km) Infrastructures Gas Power Local Power -5 Networks Networks Energy 32
Slide 14: Supply & Energy Management
H1 2026 FINANCIAL RESULTS SUPPLY & ENERGY MANAGEMENT Solid execution in B2C and EM, expected normalization in B2B +0% organic variance Key Energy Management drivers1 +202 (€/MWh) H1 Var. -353 2026 -2 B2C +158 Energy Scope & 530 FX Energy Management B2B Management Price TTF (€/MWh) 43 +2 EBIT(€m) Gas
Slide 15: Outstanding Performance Contribution
H1 2026 FINANCIAL RESULTS OUTSTANDING PERFORMANCE CONTRIBUTION Operational excellence H1 2026 progress • Renewables : asset efficiency in Brazil, South Africa and other countries €304m • LEI : contract portfolio cleaning, pricing improvements • Others: cost optimization in Networks, energy All 138 m
Slide 16: Overview of P&L from EBITDA to Net Income
H1 2026 FINANCIAL RESULTS OVERVIEW OF P&L FROM EBITDA TO NET INCOME From EBITDA to NRIgs From NRIgs to NIgs H1 H1 H1 (€bn) 2026 2025 Delta (€bn) 2026 EBITDA 7.9 8.3 -0.4 NRIgs 3.0 D&A and others (2.5) (2.7) +0.2 Restructuring costs (0.1) EBIT 5.4 5.6 -0.2 Commodities MtM 0.6 Recurring financial resu
Slide 17: Cash Flow from Operations
H1 2026 FINANCIAL RESULTS CASH FLOW FROM OPERATIONS (€bn) Change in WCR: -0.8 -0.5 -0.5 +0.2 CFFO reflects Operating -0.5 +0.1 -0.3 cash flow decrease in 8.4 Inventory Operating Other Taxes & EBITDA Net Working Margin Calls changes in WCR interest paid 6.9 with Nuclear Capital phase-out & WCR evolut
Slide 18: Strategic Investment Drives Net Debt Increase While Credit Profile Remains Strong
H1 2026 FINANCIAL RESULTS STRATEGIC INVESTMENT DRIVES NET DEBT INCREASE WHILE CREDIT PROFILE REMAINS STRONG Leverage ratios Economic Net Debt 4.2x (€bn) 3.8x 4.0x 3.1x Net debt 2.6x evolution -3.0 -2.3 +3.8 +0.6 60.3 reflecting +22.9 Capital increase Hybrid debt Dividends paid2 Others strategic issu
Slide 19: Full Year Guidance Upgraded
H1 2026 FINANCIAL RESULTS FULL YEAR GUIDANCE UPGRADED 2026: key assumptions FX: • €/USD: 1.16 €14.3 - 15.3bn Rating • €/BRL: 5.96 • €/GBP: 0.87 “Strong investment grade” Economic Net Debt / EBITDA Market commodity forward prices ≤ 4.0x over the long term as of 30 June 2026 Average weather conditions
Slide 20: Summary
H1 2026 FINANCIAL RESULTS SUMMARY Strong H1 results, Sustained delivery in Continued Further expansion 2026 guidance Renewables & development in power upgraded BESS in data centers networks 20 ENGIE JULY 2026
Slide 21: Additional Material
ADDITIONAL MATERIAL
Slide 22: Q2 EBIT Evolution
H1 2026 FINANCIAL RESULTS Q2 EBIT EVOLUTION +22% organic growth (excluding Nuclear) EBIT (excl. Nuclear) (€m) +167 +48 1,852 -181 +183 +5 +36 +23 +4 +177 +16 Renewable Gas Gas Power Local B2C B2B Energy Others 1,372 FX +14 & Generation Networks Networks Energy Management Scope1 +163 BESS Infrastruct
Slide 23: H1 2026 EBIT Change by Activity
H1 2026 FINANCIAL RESULTS H1 2026 EBIT CHANGE BY ACTIVITY Gross Organic (€m) H1 26 Variance Variance Key drivers Renewable & Contribution from capex, operational performance 1,342 +43 +36 BESS Lower power prices in Europe, lower hydro volumes, FX (USD) Contribution of Flémalle, pricing in Chil
Slide 24: EBIT Breakdown by Geography
EBIT BREAKDOWN BY GEOGRAPHY H1 2026 FINANCIAL RESULTS H1 2026 Rest of Latin North France AMEA Others TOTAL (€m) Europe America America RENEWABLE & FLEX POWER 161 443 730 333 177 (25) 1,819 Renewables & BESS 173 283 564 295 51 (25) 1,342 Gas Generation (12) 160 166 38 126 477 INFRASTRUCTURES 1,372 44
Slide 25: Outright Power Production in Europe
H1 2026 FINANCIAL RESULTS OUTRIGHT POWER PRODUCTION IN EUROPE NUCLEAR AND HYDRO Hedged positions and captured prices (% and €/MWh) 100% 88% 57% 31% As of 30 June 2026 France & Belgium 100 Starting in 2026, nuclear volumes hedged are limited 78 to French production, as Belgian nuclear production is n
Slide 26: Disclaimer
DISCLAIMER Important Notice The figures presented here are those customarily used and communicated to the markets by ENGIE. This message includes forward- looking information and statements. Such statements include financial projections and estimates, the assumptions on which they are based, as well
Slide 27: For More Information About ENGIE
FOR MORE INFORMATION ABOUT ENGIE +33 1 44 22 66 29 ir@engie.com https://www.engie.com/en/financial-results 27 ENGIE JULY 2026