Q1 2026 Tauron Polska Energia SA Earnings Call Transcript

May 21, 2026 / 08:00AM GMT

Release Date Price: €2.16 (+3.79%)

Transcript

Key Points

Positve

TAURON Polska Energia SA (STU:1T5) reported a significant increase in installed power in the photovoltaic sector, reaching 25.7 gigawatts.
The company noted a 7.3% increase in production from hard coal and gas, indicating a competitive edge over other energy sources.
Heat sales increased due to lower temperatures, positively impacting the company's financial results.
The company has a strong cash position with PLN6.3 billion in funds, ensuring liquidity and the ability to cover investments for the next 12 months.
TAURON Polska Energia SA (STU:1T5) successfully commissioned two wind farms in the first quarter, contributing to its renewable energy portfolio.

Negative

The company experienced a 13% drop in the share of renewable energy sources (RES) compared to the previous year.
CO2 emissions increased by 14% due to higher production from conventional sources, raising environmental concerns.
The RES segment was the weakest in the quarter, affected by lower market prices and unfavorable wind conditions.
The company faced challenges with the construction of a boiler house in Jaworzno, leading to project delays.
Redisposition in the energy system is increasing, and compensation paid does not cover lost revenue, impacting financial stability.

Operator

Ladies and gentlemen, welcome to the press conference of the TAURON Group, where we will present the financial results for the first quarter of 2026. My name is [Chihon] and I am the representative of TAURON. I will moderate the meeting. The first part will present the financial results, and the second part will be your questions, answering your questions that you ask through our forum on our website.

Now I will introduce our participants, Mr. Krzysztof Zawadzki, the Vice President of the Management Board for Trade; Mr. Krzysztof Surma, Vice President of the Management Board for Finance; and Mateusz Lewandowski, Executive Director for Investments in TAURON Polska Energia S.A. Please proceed with the presentation of the results.

Krzysztof Surma;CFO

Tauron Polska Energia SA - Vice President of the Management Board for Finance

()

Good morning. We are starting traditionally with the situation in the energy sector, several pieces of information in the current quarter. The increase of daily amplitudes increase. We can say that the highest

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