Annual reports
Solid results in a volatile environment
Despite the volatile operating environment, Eneco is delivering solid financial results. Read the full foreword by our CEO, Martijn Hagens, in which he reflects on the progress made towards the goals of the One Planet plan, while also outlining how Eneco has strengthened its organisation and sharpened its focus to support future growth.Outlined results

















1. To ensure comparability, pro forma figures for the period 1 April 2025 to 31 March 2026 are presented.
2. The comparative figure is adjusted for a misstatement identified following new insights in the data-collection process, increasing the emission by 0.4 Mton CO2eq to 9.7 Mton CO2eq. Because of this misstatement the CO2eq reduction compared to the 2019 base year decreased from 43.6% to 41.2%.
3. The definitions of RIF and Diversity were revised this year. To ensure comparability, the figures of last year have been presented on a pro forma basis, applying the new definition as if it had been in place during that period. Further details are provided in the Sustainability Statements.
4. EBITDA stands for operating profit before depreciation and amortisation.
5. The ROACE for the reporting period reflects how EBIT plus income from JVs and associates, less corporate income tax relates to the average of fixed assets plus adjusted net working capital, less non-interest- bearing long-term debt and non-current and current provisions at the balance sheet dates. The definition of ROACE is revised this year and includes non-current and current provisions. To ensure comparability, the figures of last year have been presented on a pro forma basis, applying the new definition as if it had been in place during that period. Further details are provided in note 27 Financial Statements.
6. The ratio between financial years Funds From Operations (EBITDA plus dividend received from associates and joint ventures minus cash interest paid minus cash taxes paid) to the financial year end position of Adjusted Net Debt (non-current & current interest-bearing debt minus accessible cash plus non-current & current lease liabilities plus asset retirement obligations net of corporate income tax plus pension obligation). Further details are provided in note 27 Financial Statements.