Offshore wind remained a central part of Orlen's energy transition activities. Installation of offshore substations and additional turbines progressed at the Baltic Power project, including turbines with nacelles manufactured in Poland. The neighbouring Baltic East project received its environmental decision and secured capacity in an auction held by the Energy Regulatory Office, enabling further development of a wind farm with a capacity of around 1 GW.
Orlen reported LIFO-based earnings before interest, taxes, depreciation and amortisation of PLN 12.2 billion in the fourth quarter of 2025. For the full year, LIFO-based earnings before interest, taxes, depreciation and amortisation reached PLN 41.9 billion and net profit totalled PLN 11.2 billion. Investments of PLN 32.6 billion were allocated to projects supporting energy supply security and the development of zero- and low-carbon energy sources. With financing from the National Recovery Plan arranged with Bank Gospodarstwa Krajowego, Orlen secured PLN 3.5 billion for its offshore wind portfolio.
In the fourth quarter, revenue amounted to PLN 72.1 billion and operating cash flow to PLN 12.9 billion. For the full year, revenue reached PLN 267.3 billion and operating cash flow PLN 47.4 billion.
In the Energy segment, earnings before interest, taxes, depreciation and amortisation totalled PLN 3.7 billion, supported by higher electricity and gas distribution volumes and increased heat and power generation. Output from renewable sources rose by 34%. Total installed capacity reached 6.4 gigawatt electric, up 3% year-on-year, with renewable capacity increasing by 12%. Electricity generation totalled 5.8 terawatt hours, an 18% increase year-on-year.
