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Annual reports

We are implementing our One Planet plan by helping our customers to become more sustainable, generating more renewable energy, and focusing on balancing and optimising the energy system. We operate in the Netherlands, Belgium, Germany, and the United Kingdom.

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.

 

Themes

Wind farm Windpark Hogezandse Polder Numansdorp

Strategy and value

Eneco’s mission is to make sustainable energy accessible to everyone: supporting customers in their decarbonisation efforts, expanding the renewable energy portfolio and building a more flexible and resilient energy system. Eneco’s core values – ‘drive the energy transition’, ‘deliver results’ and ‘make each other successful’ – bring balance between ambition and pragmatism to deliver sustainable, long-term value for all Eneco’s stakeholders.
Eneco World

Operating results

Despite the sometimes harsh external environment, Eneco’s operational results have made significant strides forward in all three domains: Customers, Assets and Integration and Flex, contributing to the execution of the strategy.
Engineering campaign Paolo with kids

One Planet results

Eneco’s mission is to turn the idea of ‘everyone’s sustainable energy’ into reality, and to place climate neutrality at the centre of its business, strategy and ambition. Eneco is dedicated to taking the lead and embracing its responsibility for a sustainable future, as laid down in the One Planet plan (OPP). The OPP serves as a strategic framework for Eneco to manage its sustainability concerns. It is fundamental to Eneco’s corporate strategy and business plan.
Tim and Thomas at Ahoy

Financial results

In our financial year 2025, Eneco delivered solid financial performance despite operating in a persistently volatile, uncertain, complex and ambiguous energy market. Lower energy prices, with stable underlying volumes, led to a decline in revenue, whereas operational resilience and cost management supported higher profitability. The 2025 financial year ran from 1 April 2025 to 31 March 2026.
A seagull

Corporate governance

Good governance forms the foundation for achieving our strategic objectives and ensuring transparency, integrity, and accountability. In the Governance chapter of our annual report, you can read more about our governance structure, supervision, compliance, and risk management.
Working at Eneco

Employee vitality

Large-scale business transformation, competitive labour markets and increasing regulatory expectations in 2025 put pressure on the workforce. These internal and external dynamics impact employees and shape their well-being and how they experience their jobs. Eneco is committed to managing the positive and negative impacts on its own workforce, and safeguarding their well-being and meeting their interests is the paramount priority.