Index
&"Arial"&8&K000000INTERNAL&1#
Market
/xl/drawings/drawing1.xml#Market!A1
Income Statement
/xl/drawings/drawing1.xml#'Income%20Statement'!A1Operating Income
/xl/drawings/drawing1.xml#'Operating%20Income'!A1Energy Sales
/xl/drawings/drawing1.xml#'Energy%20Sales'!A1Non Operating Income
/xl/drawings/drawing1.xml#'Non%20Operating%20Income'!A1Balance Sheet
/xl/drawings/drawing1.xml#'Balance%20Sheet'!A1Ratios
/xl/drawings/drawing1.xml#Ratios!A1Cash Flow
/xl/drawings/drawing1.xml#'Cash%20Flow'!A1Fixed Assets
/xl/drawings/drawing1.xml#'Fixed%20Assets'!A1Generation Physical Data
/xl/drawings/drawing1.xml#'Physical%20Data%20GX'!A1Generation by technology
/xl/drawings/drawing1.xml#'GX%20by%20Tech'!A1Index
Enel Generación Chile
Financial Statements Analysis Q4 & FY 2025
Interest Rate
/xl/drawings/drawing1.xml#'Int.%20Rate'!A1
Market
| Energy Sales (GWh) | Market share | ||||||||||
| ENEL GENERACIÓN CHILE | Cumulative | Quarterly | (%) | ||||||||
| Markets in which participates | Dec-25 | Dec-24 | % Change | Q4 2025 | Q4 2024 | % Change | Dec-25 | Dec-24 | |||
| Sistema Eléctrico Nacional (SEN) | 31,649 | 35,223 | (10.2%) | 7,909 | 8,861 | (10.8%) | 39.8% | 44.0% |
&"Arial"&8&K000000INTERNAL&1#
Income Statement
| Cumulative Figures | Quarterly Figures | |||||||||
| CONSOLIDATED INCOME STATEMENT (Figures in US$ Million) | Dec-25 | Dec-24 (1) | Change | % Change | Q4 2025 | Q4 2024 | Change | % Change | ||
| REVENUES | 3,181 | 3,263 | (82) | (2.5%) | 792 | 563 | 229 | 40.6% | ||
| Sales | 3,073 | 3,192 | (118) | (3.7%) | 764 | 540 | 225 | 41.6% | ||
| Other operating revenues | 108 | 72 | 36 | 50.7% | 28 | 24 | 4 | 18.1% | ||
| PROCUREMENT AND SERVICES | (2,142) | (2,361) | 218 | (9.2%) | (475) | (448) | (28) | 6.2% | ||
| Energy purchases | (1,300) | (1,454) | 154 | (10.6%) | (350) | (335) | (15) | 4.5% | ||
| Fuel consumption | (377) | (355) | (22) | 6.2% | (58) | (54) | (4) | 7.4% | ||
| Transportation expenses | (251) | (324) | 73 | (22.5%) | (32) | (53) | 21 | (39.6%) | ||
| Other variable procurement and service cost | (215) | (228) | 13 | (5.7%) | (36) | (6) | (30) | 501.5% | ||
| CONTRIBUTION MARGIN | 1,039 | 903 | 136 | 15.1% | 317 | 116 | 201 | 173.5% | ||
| Other work performed by entity and capitalized | 8 | 7 | 1 | 13.0% | 3 | 2 | 1 | 40.9% | ||
| Employee benefits expense | (59) | (53) | (7) | 12.9% | (14) | (15) | 0 | (1.5%) | ||
| Other fixed operating expenses | (101) | (91) | (9) | 10.4% | (22) | (23) | 2 | (6.5%) | ||
| GROSS OPERATING INCOME (EBITDA) | 887 | 766 | 121 | 15.7% | 284 | 80 | 204 | 253.2% | ||
| Depreciation and amortization | (84) | (67) | (17) | 25.3% | (26) | (17) | (9) | 51.8% | ||
| Impairment loss (Reversal) | (1) | - | (1) | 100.0% | 0 | - | 0 | 100.0% | ||
| Impairment loss (Reversal) for applying IFRS 9 | 0 | (0) | 0 | 0.0% | 0 | (0) | 0 | (100.0%) | ||
| OPERATING INCOME (EBIT) | 802 | 699 | 103 | 14.8% | 258 | 63 | 195 | 310.8% | ||
| FINANCIAL RESULT | (68) | (26) | (42) | 165.0% | (48) | (14) | (34) | 252.1% | ||
| Financial income | 38 | 39 | (2) | (3.9%) | 8 | 8 | (1) | 100.0% | ||
| Financial costs | (117) | (42) | (76) | 181.8% | (63) | (7) | (57) | 858.4% | ||
| Gain (Loss) for indexed assets and liabilities | 11 | 17 | (5) | (32.6%) | 1 | (0) | 2 | (1083.5%) | ||
| Foreign currency exchange differences, net | 0 | (40) | 40 | (100.6%) | 6 | (15) | 21 | (140.9%) | ||
| OTHER NON-OPERATING RESULTS | 20 | 10 | 10 | 101.6% | 8 | 2 | 6 | 315.7% | ||
| Share of profit (loss) of associates accounted for using the equity method | 14 | 10 | 5 | 45.8% | 4 | 2 | 3 | 132.0% | ||
| Net Income from other investments | ||||||||||
| Other earnings | 6 | - | 6 | 0.0% | 4 | - | 4 | 0.0% | ||
| NET INCOME BEFORE TAXES | 754 | 683 | 71 | 10.4% | 218 | 51 | 167 | 326.5% | ||
| Income Tax | (202) | (150) | (52) | 0 | (58) | 5 | (63) | (13) | ||
| NET INCOME | 552 | 533 | 19 | 3.7% | 160 | 56 | 104 | 187.0% | ||
| Shareholders of the parent company | 542 | 520 | 22 | 4.2% | 157 | 52 | 105 | 200.5% | ||
| Non-controlling interest | 10 | 13 | (2) | (18.1%) | 3 | 4 | (0) | (7.8%) | ||
| Earning per share (US$ /share) (2) | 0.07 | 0.06 | 0.003 | 0.042 | 0.02 | 0.01 | 0.01 | 200.5% | ||
| (1) Enel Generación Chile changed its functional currency as of 2025 and the reporting currency of its consolidated financial statements from Chilean pesos to United States dollars. In this context, the results for the quarter ended December 31, 2024 have been translated into U.S. dollars using the average exchange rate applicable to that period ($ 943.74 CLP/US$). For more information refer to Note 3 to the consolidated financial statements of Enel Generación Chile as of December 31, 2025. | ||||||||||
| (2) As of December 31, 2025 and December 31, 2024 the average number of paid and subscribed shares was 8,201,754,580. |
&"Arial"&8&K000000INTERNAL&1#
Operating Income
| Cumulative Figures (Figures in US$ Million) | |||||||
| Dec-25 | Dec-24 | ||||||
| COMPANY | Operating Revenues | Operating Costs | Operating Income | Operating Revenues | Operating Costs | Operating Income | |
| Enel Generación Chile S.A. | 3,034 | (2,419) | 615 | 3,138 | (2,670) | 468 | |
| Empresa Eléctrica Pehuenche S.A. | 210 | (24) | 187 | 264 | (33) | 231 | |
| Consolidation adjustments | (64) | 64 | 0 | (139) | 139 | - | |
| Total Consolidated | 3,181 | (2,379) | 802 | 3,263 | (2,564) | 699 | |
| Quarterly Figures (Figures in US$ million) | |||||||
| Q4 2025 | Q4 2024 | ||||||
| COMPANY | Operating Revenues | Operating Costs | Operating Income | Operating Revenues | Operating Costs | Operating Income | |
| Enel Generación Chile S.A. | 756 | (549) | 207 | 529 | (525) | 3 | |
| Empresa Eléctrica Pehuenche S.A. | 55 | (5) | 51 | 65 | (6) | 59 | |
| Consolidation adjustments | (20) | 20 | 0 | (31) | 31 | - | |
| Total Consolidated | 792 | (534) | 258 | 563 | (500) | 63 |
&"Arial"&8&K000000INTERNAL&1#
Energy Sales
| Cumulative Figures | Quarterly Figures | Al 30 de junio | Variación | |||||||
| ENERGY SALES (Figures in US$ million) | Dec-25 | Dec-24 | Change | % Change | Q4 2025 | Q4 2024 | Change | % Change | ||
| Sales to regulated customers | 1,063 | 1,502 | (439) | (29.2%) | 261 | 330 | (69) | (21.0%) | ||
| Sales to unregulated customers | 1,524 | 1,325 | 199 | 15.0% | 425 | 166 | 259 | 156.2% | ||
| Sales at spot market | 171 | 122 | 49 | 40.0% | (20) | 32 | (52) | (163.3%) | ||
| Total energy sales | 2,758 | 2,949 | (191) | (6.5%) | 666 | 528 | 138 | 26.1% |
&"Arial"&8&K000000INTERNAL&1#
Non Operating Income
| Cumulative Figures | Quarterly Figures | |||||||||
| NON-OPERATING INCOME (Figures in US$ million) | Dec-25 | Dec-24 | Change | % Change | Q4 2025 | Q4 2024 | Change | % Change | ||
| Financial income | 38 | 39 | (2) | (3.9%) | 8 | 8 | (1) | 100.0% | ||
| Financial expenses | (117) | (42) | (76) | 181.8% | (63) | (7) | (57) | 858.4% | ||
| Gain (Loss) for indexed assets and liabilities | 11 | 17 | (5) | (32.6%) | 1 | (0) | 2 | (1083.5%) | ||
| Foreign currency exchange differences, net | 0 | (40) | 40 | (100.6%) | 6 | (15) | 21 | (140.9%) | ||
| FINANCIAL RESULT | (68) | (26) | (42) | 165.0% | (48) | (14) | (34) | 252.1% | ||
| Share of profit (loss) of associates accounted for using the equity method | 14 | 10 | 5 | 45.8% | 4 | 2 | 3 | 132.0% | ||
| Net Income From Other Investments | - | - | - | 0.0% | - | - | - | 0.0% | ||
| Other earnings | 6 | - | 6 | 0.0% | 4 | - | 4 | 0.0% | ||
| OTHER NON-OPERATING RESULTS | 20 | 10 | 10 | 101.6% | 8 | 2 | 6 | 315.7% | ||
| NET INCOME BEFORE TAXES | 754 | 683 | 71 | 10.4% | 218 | 51 | 167 | 326.5% | ||
| Income Tax | (202) | (150) | (52) | 34.3% | (58) | 5 | (63) | (1328.6%) | ||
| NET INCOME OF THE PERIOD | 552 | 533 | 19 | 3.7% | 160 | 56 | 104 | 187.0% | ||
| Attributable to Shareholders of the parent company | 542 | 520 | 22 | 4.2% | 157 | 52 | 105 | 200.5% | ||
| Attributable to Non-controlling interest | 10 | 13 | (2) | (18.1%) | 3 | 4 | (0) | (7.9%) |
&"Arial"&8&K000000INTERNAL&1#
Balance Sheet
| ASSETS (Figures in US$ million) | Dec-25 | Dec-24 | Change | % Change | |
| Current Assets | 1,592 | 1,812 | (220) | (12.1%) | |
| Non Current Assets | 2,976 | 3,013 | (37) | (1.2%) | |
| Total Assets | 4,569 | 4,825 | (256) | (5.3%) | |
| LIABILITIES AND EQUITY (Figures in US$ million) | Dec-25 | Dec-24 | Change | % Change | |
| Current Liabilities | 1,133 | 1,186 | (53) | (4.5%) | |
| Non Current Liabilities | 650 | 891 | (241) | (27.0%) | |
| Total Equity | 2,785 | 2,747 | 38 | 1.4% | |
| Attributable to the Shareholders of parent company | 2,774 | 2,735 | 39 | 1.4% | |
| Attributable to Non-controlling interest | 11 | 12 | (1) | (7.5%) | |
| Total Liabilities and Equity | 4,569 | 4,825 | (256) | (5.3%) |
&"Arial"&8&K000000INTERNAL&1#
Ratios
| RATIO | UNIT | Dec-25 | Dec-24 | Chg | Chg % | ||||
| Liquidity | Liquidity (1) | Times | 1.41 | 1.53 | (0.12) | (7.8%) | |||
| Acid-test (2) | Times | 1.36 | 1.48 | (0.12) | (8.1%) | ||||
| Working capital | US$ Million | 459 | 687 | (228) | (33.2%) | ||||
| Leverage | Leverage (3) | Times | 0.64 | 0.76 | (0.12) | (15.8%) | |||
| Short-term debt (4) | % | 63.5% | 57.1% | 6.4% | 11.3% | ||||
| Long-term debt (5) | % | 36.5% | 42.9% | (6.4%) | (15.0%) | ||||
| Financial expenses coverage (6) | Times | 8.40 | 11.79 | (3.39) | (28.8%) | ||||
| Profitability | Op. income / Op. Revenues | % | 25.2% | 0.21 | 3.8% | 17.7% | |||
| ROE (7) | % | 19.7% | 0.19 | 0.3% | 1.6% | ||||
| ROA (8) | % | 11.8% | 0.11 | 1.1% | 10.4% | ||||
| (1) Current Assets / Current Liabilities | |||||||||
| (2) Current Assets net of Inventories and prepayments | |||||||||
| (3) Total Liabilities / Total Equity | |||||||||
| (4) Current Liabilities / Total Liabilities | |||||||||
| (5) Non Current Liabilities / Total Liabilities | |||||||||
| (6) EBITDA/ Net Financial Costs | |||||||||
| (7) Net income of the period attributable to the owners of the parent company for LTM / Average of equity attributable | |||||||||
| to the owners of the parent company at the beginning and at the end of the period | |||||||||
| (8) Total Net Income of the period for LTM / Average of total assets at the beginning and at the end of the period |
&"Arial"&8&K000000INTERNAL&1#
Cash Flow
| NET CASH FLOW (Figures in US$ million) | Dec-25 | Dec-24 | Change | % Change | |
| From Operating Activities | 838 | 1,244 | (406) | (32.7%) | |
| From Investing Activities | (252) | (348) | 96 | (27.6%) | |
| From Financing Activities | (582) | (841) | 259 | (30.7%) | |
| Total Net Cash Flow | 3 | 55 | (52) | (93.9%) |
&"Arial"&8&K000000INTERNAL&1#
Fixed Assets
| INFORMATION FOR ASSETS AND EQUIPMENTS (Figures in US$ million) | ||||||
| COMPANY | Payments for Additions of Fixed Assets | Depreciation | ||||
| Dec-25 | Dec-24 | Dec-25 | Dec-24 | |||
| Enel Generación Chile | 200 | 166 | 64 | 49 | ||
| Pehuenche | 2 | 4 | 7 | 7 | ||
| Total Consolidated | 202 | 170 | 71 | 57 |
&"Arial"&8&K000000INTERNAL&1#
Int. Rate
| INTEREST RATE (%) | December 31, 2025 | December 31, 2024 | |
| Fixed Interest Rate | 99% | 100% |
&"Arial"&8&K000000INTERNAL&1#
Physical Data GX
| ENEL GENERACIÓN CHILE Cumulative Figures (in GWh) | Dec-25 | Dec-24 | Change | % Change |
| Total generation | 15,879 | 18,313 | (2,434) | (13.3%) |
| Hydro generation | 9,960 | 13,271 | (3,311) | (24.9%) |
| Thermal generation | 5,796 | 4,900 | 896 | 18.3% |
| Other generation | 123 | 142 | (19) | (13.2%) |
| Purchases | 15,769 | 16,910 | (1,141) | (6.7%) |
| Purchases to related companies | - | 500 | (500) | (100.0%) |
| Purchases to other generators | 9,135 | 11,513 | (2,378) | (20.7%) |
| Purchases at spot market | 6,634 | 5,397 | 1,237 | 22.9% |
| Transmission losses, pump and other consumption | - | - | - | ERROR:#DIV/0! |
| Total electricity sales | 31,649 | 35,223 | (3,575) | (10.1%) |
| Sales to regulated customers | 10,307 | 13,341 | (3,034) | (22.7%) |
| Sales to unregulated customers | 19,368 | 19,497 | (130) | (0.7%) |
| Sales at spot market | 1,974 | 2,385 | (411) | (17.2%) |
| Sales to related companies/generators | - | 500 | (500) | (100.0%) |
| TOTAL SALES OF THE SYSTEM | 79,510 | 80,091 | (580) | (0.7%) |
| Market Share on total sales (%) | 39.8% | 44.0% | (4.2%) | (9.5%) |
| ENEL GENERACIÓN CHILE Quarterly Figures (in GWh) | Q4 2025 | Q4 2024 | Change | % Change |
| Total generation | 3,119 | 4,569 | (1,449) | (31.7%) |
| Hydro generation | 2,243 | 3,893 | (1,649) | (42.4%) |
| Thermal generation | 842 | 639 | 204 | 31.9% |
| Other generation | 34 | 37 | (4) | (9.4%) |
| Purchases | 4,790 | 4,292 | 497 | 11.6% |
| Purchases to related companies | - | 121 | (121) | (100.0%) |
| Purchases to other generators | 2,680 | 3,269 | (589) | (18.0%) |
| Purchases at spot market | 2,110 | 1,024 | 1,086 | 106.1% |
| Transmission losses, pump and other consumption | - | - | - | ERROR:#DIV/0! |
| Total electricity sales | 7,909 | 8,861 | (952) | (10.7%) |
| Sales to regulated customers | 2,441 | 3,040 | (600) | (19.7%) |
| Sales to unregulated customers | 4,786 | 4,924 | (137) | (2.8%) |
| Sales at spot market | 682 | 897 | (215) | (24.0%) |
| Sales to related companies/generators | - | 121 | (121) | (100.0%) |
| TOTAL SALES OF THE SYSTEM | 19,467 | 19,720 | (253) | (1.3%) |
| Market Share on total sales (%) | 40.6% | 44.9% | (4.3%) | (9.6%) |
&"Arial"&8&K000000INTERNAL&1#
GX by Tech
| ENEL GENERACIÓN CHILE GENERATION BY TYPE OF TECHNOLOGY Cumulative Figures (in GWh) | Dec-25 | Dec-24 | Change | % Change |
| Total generation | 15,879 | 18,313 | (2,434) | (13.3%) |
| Hydro generation | 9,960 | 13,271 | (3,311) | (24.9%) |
| Coal generation | - | - | - | - |
| Oil-Gas generation | 5,796 | 4,900 | 896 | 18.3% |
| Solar generation | - | - | ||
| Wind generation | 123 | 142 | (19) | (13.2%) |
| Geothermal generation | - | - | ||
| TOTAL GENERATION OF THE SYSTEM | 85,201 | 85,533 | (332) | (0.4%) |
| Market Share on total generation (%) | 18.6% | 21.4% | (2.8%) | (13.0%) |
| ENEL GENERACIÓN CHILE GENERATION BY TYPE OF TECHNOLOGY Quarterly Figures (in GWh) | Q4 2025 | Q4 2024 | Change | % Change |
| Total generation | 3,119 | 4,569 | (1,449) | (31.7%) |
| Hydro generation | 2,243 | 3,893 | (1,649) | (42.4%) |
| Coal generation | - | - | - | - |
| Oil-Gas generation | 842 | 639 | 204 | 31.9% |
| Solar generation | - | - | ||
| Wind generation | 34 | 37 | (4) | (9.4%) |
| Geothermal generation | - | - | ||
| TOTAL GENERATION OF THE SYSTEM | 21,513 | 21,145 | 368 | 1.7% |
| Market Share on total generation (%) | 14.5% | 21.6% | (7.1%) | (32.9%) |
&"Arial"&8&K000000INTERNAL&1#