Econergy Ltd · TASE:ECNR
Econergy — Econergy Renewable Energy — FY2025 Earnings Presentation
28 slides from Econergy's earnings presentation, March 2026
Slide 1: Econergy Renewable Energy 2025 Annual Presentation
OPEN & CLOSE SLIDE Econergy Renewable Energy 2025 Annual Presentation March 2026
Slide 2: Limitation of liability
Investors Limitation of liability Presentation 2025 The purpose of this presentation is to present Econergy Renewable Energy Ltd. (the factors that affect its activity, which cannot be estimated, and which are not under the "Company”) and it is intended for the provision of information only. This pr
Slide 3: 2025: A year of execution and value creation
Investors 2025: A year of execution and value creation Presentation 2025 Another major step-up for econergy 634MW 1,330MW €74m €471m €230m Connected and Under construction, Revenues Raised through Increase in total ready to connect out of 12.5GW equity, bonds, and equity to €442m portfolio project d
Slide 4: A leading European IPP
Investors A leading European IPP Presentation 2025 Four focus areas at the core of our strategy Local developer DNA Fast and disciplined growth 50+ development professionals on the ground, with 1-2 GW of annual build-out, supported by a high-quality, 80% of headcount in target markets, driving execu
Slide 5: Significant portfolio supports our growth forecasts
Investors Significant portfolio supports our growth forecasts Presentation 2025 A leading EU platform * 12.5GW Advanced portfolio: connected, ready to connect, under construction 3.3 and pre-construction 3.5 5.6 1.6 12.5 3.5 12 months to 1.3 construction 0.6 Connected & Under construction Pre-constr
Slide 6: Accelerating build-outs and grid connections
Investors Accelerating build -outs and grid connections Presentation 2025 Advancing to the next growth phase with 1-2 GW of annual construction starts Connected and under construction (GW) (1) Connected & ready to connect 5.7 Under construction CAGR 4.5 2.0 +50% 2.1 3.0 2.0 1.7 3.7 0.9 1.3 2.3 0.5 0
Slide 7: Significant progress in the advanced portfolio
Investors Significant progress in the advanced portfolio Presentation 2025 Strong growth in advanced portfolio: 60% 4.5 +60% CAGR over the period(1) 3.5 1.5 Anchor for growth acceleration: supports visibility & strengthens growth foundation 1.6 1.7 1.7 Execution pipeline as a catalyst: expands capac
Slide 8: Advanced portfolio with €280M revenues
Investors Advanced portfolio with €280M revenus (company share) (1) Presentation 2025 Advanced portfolio 12.5GW connected, ready to 3.3 connect, under construction and 3.5 5.6 pre-construction 1.6 1.3 1.3 0.6 Connected & Under construction* Pre-construction Advanced portfolio Advanced development De
Slide 9: Growing results, powered by an advanced portfolio with high visibility
Investors Growing results, powered by an advanced portfolio Presentation 2025 with high visibility Electricity sales r esults forecast, 100% in Millions (1, 2, 3) Exclud ing revenues from asset management services, construction services, and development disposals Revenues EBITDA FFO 376 (277) 301 (2
Slide 10: Financial strength coupled with disciplined policies
Investors Financial strength coupled with diciplined policies Presentation 2025 Equity Debt 51% Significant fundraising of €471m Balanced mix of sources through during the past year* capital, bonds, project financing Debt to equity ratio Stable A3.il rating by Midroog Increase in equity of €230m 49%
Slide 11: Strong growth expected in EU electricity demand
Investors Strong growth expected in EU electricity demand, Presentation 2025 alongside a material shift in demand mix European electricity demand: expected to Past vs. f orecasted EU electricity demand by segment grow by 36% by 2035(1, 6) 2025-2035 (TWh) 4.5 Existing uses expected to grow slowly (~0
Slide 12: EU power market transformation creating challenges
Investors Presentation 2025 EU power market transformation creating chall enges 1 Europe embraces 2 Renewables create 3 The Solution - Storage renewables challenges Capture price relative to average electricity price in Germany(7) Renewables as a share of total More hours with negative prices 54% el
Slide 13: Econergy with a meaningful footprint in energy storage
Investors Presentation 2025 Econergy with a meaningful footprint in energy storage Sunstantial portfolio(6) Tailored market Creating significant strategy (8) advantage Capturing diversified revenue streams , Connected & RtC 0.1 Co-location across the portfolio to including merchant exposure, to enha
Slide 14: Romania: market leadership, storage integration
Investors Romania: market leadership, storage integration Presentation 2025 Leading player in RO market Co-location strategy Positive macro developments A leading early mover in the Romanian Storage integration with s ignificant Maturing market with regulatory and market (GW)(1) benefits commercial
Slide 15: UK: storage focus in renewables-led market
Investors UK: storage focus in renewables -led market Presentation 2025 An early storage player in the UK, a market with strong storage fundamentals High renewables penetration increases Our portfolio is storage-led (MW), With meaningful near-term growth volatility and negative-price hours also depl
Slide 16: Germany: opportunistic storage entry at scale
Investors Germany: opportunistic storage entry at scale Presentation 2025 The opportunity - Significant market entry(1) storage 2025 2026 2027 2028 Significant renewables 100 mw penetration causing volatility 0.5GW under 57% 435 mw construction 44 within a year 36 25 End of dev. Construction Operati
Slide 17: Poland: robust pipeline with secured income
Investors Poland: robust pipeline with secured income Presentation 2025 Significant portfolio in various stages of maturation (MW)(1) Distribution License (DSO) 164 DSO license secured for Resko, Under construction Significant growth expected Connected & RtC 147 enabling independent distribution in
Slide 18: Italy: market with significant potential
Investors Italy: market with significant potential Presentation 2025 A renewables platform in Italy with meaningful potential Significant renewables Significant growth expected in penetration Italy (MW) (1) Renewables as a share of total electricity generation Italy is a key growth market for 38% 50
Slide 19: Appendixes
dividers Appendixes
Slide 20: Ownership structure and strategic partner investments
Investors Ownership structure and strategic partner investments Presentation 2025 Founders: Stakeholders: Eyal Podhorzer & Yoav Shapira Econergy Renewable Energy Ltd. ECNR :TASE 77.11% Econergy International Limited (UK) (Holding Company) 22.89% מצטברת של השקעת הון IG Fund RGreen Invest אירוC
Slide 21: Balanced geographic diversification across key EU markets
Investors Balanced geographic diversification across key EU markets Presentation 2025 Germany 5 projects Poland UK 16projects 450MW 31projects Development 431MW 435MW 1,351MW Advanced development 728MW 100MW 951MW Pre-construction 559MW 985MW 105MW 148MW 52MW Under construction 50MW 2,459MW Operatin
Slide 22: Supportive macro environment
Investors Presentation 2025 Supportive macro environment Electricity Price Forecast for PV in Euro per MWh (14) Romania Italy Poland The forecast assumes a 100 80 100 decline in European PV 60 80 80 power prices over the 60 next decade, driven by 60 40 lower fuel prices and 40 40 20 rising renewable
Slide 23: Consolidated balance sheet as of 31.12.25
Investors Consolidated Profit and Loss as of 31.12.25(€ millions) Presentation 2025 31.12.2024 31.12.2025 Total Current Assets 220 120 Total Non-Current Assets 563 986 Total Assets 784 1,106 Total Current Liabilities 198 136 Total Non-Current Liabilities 373 530 Total Liabilities 571 666 Total Equit
Slide 24: Consolidated Profit and Loss as of 31.12.25
Investors Consolidated balance sheet as of 31.12.25(€ millions) Presentation 2025 31.12.2024 31.12.2025 Total revenues 49 62 Total expenses (23) (33) Operating profit (loss) 26 29 Finance income (expenses) (2) (25) Profit (loss) before tax 24 4 Income (taxes), benefits 0 1 Profit (loss) after tax 24
Slide 25: ESG Milestones and objectives
ESG Milestones and objectives Investors Presentation 2025 Econergy and its stakeholders pledge to adopt a corporate responsibility policy that Aligned with international encompasses environmental, economic, and social dimensions, recognizing their importance for reporting standards: the business's g
Slide 26: Non-GAAP Index Definitions
Non-GAAP Index Definitions Investors Presentation 2025 EBITDA, FFO and FCF for the Company’s projects are Non-GAAP measures (i.e., non-accounting measures) and are not prepared in accordance with accounting standards. Certain companies are held (or expected to be held) with third-party partners, as
Slide 27: Footnotes
Footnotes Investors Presentation 2025 1. The Company’s estimates include forward-looking information, as of the date of publication of the next quarterly financial statements. 2. Average revenues and average EBITDA (FFO), from electricity sales only, are presented for the first five full years of co
Slide 28: Thank you
OPEN & CLOSE SLIDE Thank you
Econergy Renewable Energy — FY2025 Earnings Presentation on 6ix