Business description: Enel S.p.A.

Enel S.p.A. is Italian No. 1 producer and distributor of electricity. The activity is organized mainly around two areas:

- sales of electricity and natural gas: 186.1 TWh of electricity produced, 249.9 TWh of electricity and 6.3 billion m3 of natural gas sold in 2025. The group also develops an engineering and construction of electric production installations and units activity;

- transportation and distribution of electricity: 474.7 TWh of electricity transported in 2025. At the end of 2025, Enel S.p.A. had a 1,881,651 km electricity transportation network.

Net sales are distributed geographically as follows: Italy (39%), the United Kingdom (5%), Europe (33%), America (22.6%) and other (0.4%).

Number of employees: 61,544

Sales by Activity: Enel S.p.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Enel Commercial

38.25B 61.72B 52.12B 41.23B 35.27B

Enel Grids

20.09B 20.87B 20.26B 20.7B 22.81B

Services

1.99B - - - -

Holding, Services and Other

- 2.19B - - -

Global Generation & Trading

33.01B 75.58B 40.19B 24.11B 27.92B

Enel Green Power

8.85B 7.87B 11.62B 10.4B 11.65B

Holding and Services

- - 2.04B 1.92B 2.12B

Holding and Other

155M - - - -

Eliminations and Adjustments

-19.64B -34.35B -30.67B -24.45B -19.42B

Enel X

1.4B 1.78B - - -

Geographical breakdown of sales: Enel S.p.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Italy

33.3B 57.86B 39.72B 30.99B 30.46B

Iberia

18.9B 30.54B 21.8B 19.08B 19.1B

Brazil

9.38B 9.06B 7.62B 7.56B 7.75B

Chile

3.15B 4.43B 4.37B 3.79B 3.92B

United Kingdom

3.74B 11.84B 4.52B 1.69B 3.87B

Colombia

2.19B 2.72B 3.25B 3.51B 3.16B

Other European Countries

1.16B 1.55B 2.3B 683M 2.27B

Switzerland

2.92B 6.79B 1.94B 788M 1.8B

Argentina

887M 966M 613M 1.33B 1.22B

France

970M 3.09B 1.92B 1.02B 1.18B

United States

601M 779M 864M 719M 941M

Germany

1.08B 1.68B 1.03B 729M 827M

Mexico

202M 313M 315M 331M 274M

Belgium

522M 834M 13M 30M 235M

Panama

150M 177M 200M 213M 187M

Asia

371M 521M 119M 249M 175M

Austria

245M 189M 75M 93M 170M

Czech Republic

435M 321M 180M 42M 138M

Africa

114M 132M 96M 103M 94M

Guatemala

67M 83M 81M 84M 92M

Peru

1.11B 1.45B 1.56B 667M 69M

Slovenia

195M 146M 10M 26M 40M

Canada

33M 53M 62M 42M 31M

Costa Rica

14M 17M 17M 20M 19M

Greece

121M 15M 6M 18M 19M

Oceania

53M 48M 38M 21M 17M

The Netherlands

- - - - 6M

Hungary

12M 7M 13M - 1M

Netherlands

96M 38M 145M 68M -

Romania

1.53B 3M 4M 17M -

Russia

552M - - - -

Executive Committee: Enel S.p.A.

Manager TitleAgeSince
Chief Executive Officer 63 11/04/2023
Director of Finance/CFO 58 11/06/2023
Investor Relations Contact - 31/10/2024
Corporate Secretary 61 -
Corporate Officer/Principal - 29/02/2024

Composition of the Board of Directors: Enel S.p.A.

Director TitleAgeSince
Director/Board Member 63 09/05/2023
Director/Board Member - 09/05/2023
Chairman 78 09/05/2023
Director/Board Member - 09/05/2023
Director/Board Member - 09/05/2023
Director/Board Member - 09/05/2023
Director/Board Member 64 09/05/2023
Director/Board Member - 09/05/2023
Director/Board Member 55 09/05/2023

Shareholders: Enel S.p.A.

NameEquities%Valuation
Government of Italy
23.59 %
2,397,856,331 23.59 % 27 914 M €
TIAA-CREF Investment Management LLC
0.4407 %
44,801,356 0.4407 % 522 M €
Ente Nazionale di Previdenza ed Assistenza dei Medici
0.3037 %
30,879,948 0.3037 % 359 M €
Nordea Investment Management AB
0.2737 %
27,821,840 0.2737 % 324 M €
Mediolanum Gestione Fondi SGRpA
0.2406 %
24,460,382 0.2406 % 285 M €
NameEquities%Valuation
Azimut (DIFC) Ltd.
-
39,444,000 - 35 M €
Mediolanum Gestione Fondi SGRpA
-
14,815,144 - 13 M €
Capfi Delen Asset Management NV
-
12,400,000 - 11 M €
Candriam France SAS
-
11,000,000 - 10 M €
Allianz Global Investors GmbH (France)
-
7,200,000 - 6 M €
NameEquities%Valuation
Cardinal Capital Management, Inc.
0.028 %
2,845,262 0.028 % 33 M €
Opal Capital LLC
0.005007 %
509,048 0.005007 % 6 M €
RhumbLine Advisers LP
0.001141 %
116,016 0.001141 % 1 M €
RNC Capital Management LLC
0.000617 %
62,721 0.000617 % 730 135 €
GAMMA Investing LLC
0.000591 %
60,076 0.000591 % 699 345 €
NameEquities%Valuation
TwentyFour Asset Management LLP
3.409 %
42,610,000 3.409 % 41 M €
ACATIS Investment Kapitalverwaltungsgesellschaft mbH
2.962 %
37,023,565 2.962 % 36 M €
Mediolanum Gestione Fondi SGRpA
2.264 %
28,305,792 2.264 % 27 M €
Candriam France SAS
1.52 %
19,000,000 1.52 % 18 M €
Euromobiliare Asset Management SGR SpA
1.057 %
13,210,000 1.057 % 13 M €

Holdings: Enel S.p.A.

NameEquities%Valuation
742,185,24171.24% 33 249 M $
88,273,367,50682.28% 8 211 M $
44,907,055,10164.93% 4 018 M $
379,547,93383.74% 758 M $
12,079,6700.12% 141 M $
90,951,14291.24% 128 M $
13,545,35343.4% 90 M $

Company details: Enel S.p.A.

Enel SpA

Viale Regina Margherita, 137

00198, Rome

+39 06 83 05 40 00

http://www.enel.com
address Enel S.p.A.(ENEL)

Group companies: Enel S.p.A.

NameCategory and Sector
Finance/Rental/Leasing
Parque Eólico Belmonte SA
Explotaciones Eólicas Sierra Costera SA
Electric Utilities
Parque Eólico de Barbanza SA
Electric Utilities
Explotaciones Eólicas Sierra La Virgen SA
Electric Utilities

Other Electric Utilities

Change 5d. change 1-year change 3-years change Capi.($)
+0.74%+0.14%+20.02%+59.31% 112B
-3.09%-3.58%+92.50% - 251B
+0.92%-1.34%+18.96%+16.98% 179B
+1.48%+1.79%+23.99%+69.88% 153B
+1.07%+0.60%+4.92%+33.49% 104B
+1.97%+1.21%+7.80%+38.41% 96.84B
-3.69%-11.44%-14.72%+184.57% 91B
+1.06%+1.95%+26.87%+54.77% 70.27B
+0.60%-0.06%+19.96%+29.60% 58.84B
+1.34%+1.55%+34.80%+123.78% 50.71B
Average +0.24%-1.35%+23.51%+67.86% 116.66B
Weighted average by Cap. -0.13%-1.66%+31.94%+61.40%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
9.638EUR
Average target price
10.22EUR
Spread / Average Target
+6.00%

Quarterly revenue - Rate of surprise