PGE Polska Grupa Energetyczna S.A. Logo

PGE Polska Grupa Energetyczna S.A.

ISIN: PLPGER000010 | Ticker: PGE | LEI: 259400MP9VXR0E69MJ89
Sector: UtilitiesSub-Industry: Electric Utilities
Country: Poland

About PGE Polska Grupa Energetyczna S.A.

Company Description

We are the leader of changes in the Polish energy industry. According to the Strategy, by 2050, we will be climate-neutral and 100% of electricity supplied to our customers will be green. Our plans include the largest investments in offshore wind assets in the country. By 2040, the capacity of PGE Group’s offshore wind farms will reach at least 6.5 GW.

PGE Group’s strategy contains a transition plan, a path to the decarbonisation of energy generation and the objective of becoming climate-neutral by 2050. We will achieve it by investing in low- and zero-carbon energy sources and grid infrastructure. We will spend over PLN 75 billion on investments by 2030.

Year founded

1990

Served area

Europe

Headquarters

Mysia 2, 00-496 Warszawa – Poland

Financial statements

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Line item in (pln) 01.01.2019 01.01.2020 01.01.2021 02.01.2021 01.01.2022 02.01.2022 01.01.2023
Assets N/A 77,650,000,000.00 81,594,000,000.00 81,839,000,000.00 89,274,000,000.00 N/A 105,778,000,000.00
Noncurrent Assets N/A 65,055,000,000.00 66,498,000,000.00 66,743,000,000.00 66,547,000,000.00 N/A 71,732,000,000.00
Property Plant And Equipment N/A 59,690,000,000.00 61,741,000,000.00 61,986,000,000.00 61,125,000,000.00 N/A 64,388,000,000.00
Investment Property N/A 47,000,000.00 41,000,000.00 41,000,000.00 39,000,000.00 N/A 32,000,000.00
Investment Accounted For Using Equity Method N/A 715,000,000.00 152,000,000.00 152,000,000.00 156,000,000.00 N/A 180,000,000.00
Noncurrent Receivables N/A 180,000,000.00 191,000,000.00 191,000,000.00 204,000,000.00 N/A 223,000,000.00
Deferred Tax Assets N/A 1,318,000,000.00 1,351,000,000.00 1,351,000,000.00 933,000,000.00 N/A 3,183,000,000.00
Other Noncurrent Financial Assets N/A 58,000,000.00 57,000,000.00 57,000,000.00 117,000,000.00 N/A 117,000,000.00
Noncurrent Financial Assets At Fair Value Through Profit Or Loss N/A 93,000,000.00 132,000,000.00 132,000,000.00 364,000,000.00 N/A 608,000,000.00
Other Noncurrent Nonfinancial Assets N/A 676,000,000.00 839,000,000.00 839,000,000.00 873,000,000.00 N/A 850,000,000.00
Inventories N/A 4,509,000,000.00 3,123,000,000.00 3,123,000,000.00 2,189,000,000.00 N/A 4,918,000,000.00
Trade And Other Current Receivables N/A 4,815,000,000.00 4,812,000,000.00 4,812,000,000.00 7,727,000,000.00 N/A 9,083,000,000.00
Current Tax Assets Current N/A 59,000,000.00 8,000,000.00 8,000,000.00 144,000,000.00 N/A 239,000,000.00
Other Current Nonfinancial Assets N/A 605,000,000.00 799,000,000.00 799,000,000.00 1,240,000,000.00 N/A 2,219,000,000.00
Cash and cash equivalents N/A 1,313,000,000.00 4,189,000,000.00 4,189,000,000.00 6,733,000,000.00 6,733,000,000.00 11,887,000,000.00
Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 12,593,000,000.00 15,089,000,000.00 15,089,000,000.00 22,714,000,000.00 N/A 34,027,000,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 2,000,000.00 7,000,000.00 N/A N/A N/A N/A
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A N/A 7,000,000.00 7,000,000.00 13,000,000.00 N/A 19,000,000.00
Equity And Liabilities N/A 77,650,000,000.00 81,594,000,000.00 81,839,000,000.00 89,274,000,000.00 N/A 105,778,000,000.00
Equity 47,801,000,000.00 43,137,000,000.00 43,501,000,000.00 43,501,000,000.00 48,291,000,000.00 48,291,000,000.00 54,383,000,000.00
Issued Capital N/A 19,165,000,000.00 19,165,000,000.00 19,165,000,000.00 19,165,000,000.00 N/A 19,184,000,000.00
Retained Earnings N/A 3,779,000,000.00 4,951,000,000.00 4,951,000,000.00 7,564,000,000.00 N/A 9,333,000,000.00
Equity Attributable To Owners Of Parent N/A 42,289,000,000.00 42,518,000,000.00 42,518,000,000.00 47,494,000,000.00 N/A 53,538,000,000.00
Noncontrolling Interests N/A 848,000,000.00 983,000,000.00 983,000,000.00 797,000,000.00 N/A 845,000,000.00
Liabilities N/A 34,513,000,000.00 38,093,000,000.00 38,338,000,000.00 40,983,000,000.00 N/A 51,395,000,000.00
Noncurrent Liabilities N/A 22,687,000,000.00 23,075,000,000.00 23,308,000,000.00 19,159,000,000.00 N/A 16,099,000,000.00
Noncurrent Provisions N/A 9,652,000,000.00 11,207,000,000.00 11,207,000,000.00 8,559,000,000.00 N/A 6,363,000,000.00
Noncurrent Payables N/A 475,000,000.00 448,000,000.00 N/A 517,000,000.00 N/A N/A
Noncurrent Advances N/A N/A N/A 65,000,000.00 133,000,000.00 N/A 141,000,000.00
Noncurrent Deferred Income Other Than Noncurrent Contract Liabilities N/A N/A N/A 833,000,000.00 881,000,000.00 N/A 1,011,000,000.00
Other Noncurrent Payables N/A N/A N/A 448,000,000.00 517,000,000.00 N/A 478,000,000.00
Deferred Tax Liabilities N/A 920,000,000.00 345,000,000.00 345,000,000.00 402,000,000.00 N/A 1,002,000,000.00
Other Noncurrent Nonfinancial Liabilities N/A 58,000,000.00 65,000,000.00 N/A 133,000,000.00 N/A N/A
Noncurrent Derivative Financial Liabilities N/A 107,000,000.00 385,000,000.00 385,000,000.00 1,000,000.00 N/A 305,000,000.00
Current Liabilities N/A 11,826,000,000.00 15,018,000,000.00 15,030,000,000.00 21,824,000,000.00 N/A 35,296,000,000.00
Current Provisions N/A 4,366,000,000.00 7,311,000,000.00 7,311,000,000.00 12,600,000,000.00 N/A 21,223,000,000.00
Trade And Other Current Payables N/A 3,636,000,000.00 3,504,000,000.00 3,504,000,000.00 4,601,000,000.00 N/A 6,707,000,000.00
Current Deferred Income Other Than Current Contract Liabilities N/A N/A N/A 89,000,000.00 103,000,000.00 N/A 97,000,000.00
Current Tax Liabilities Current N/A 58,000,000.00 476,000,000.00 476,000,000.00 20,000,000.00 N/A 198,000,000.00
Other Current Nonfinancial Liabilities N/A 1,865,000,000.00 2,203,000,000.00 2,203,000,000.00 2,258,000,000.00 N/A 3,305,000,000.00
Current Derivative Financial Liabilities N/A 372,000,000.00 63,000,000.00 63,000,000.00 82,000,000.00 N/A 1,629,000,000.00
Line item in (pln) 01.01.2019/
01.01.2020
01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 37,627,000,000.00 45,766,000,000.00 52,772,000,000.00 73,435,000,000.00
Interest Revenue Calculated Using Effective Interest Method 36,000,000.00 32,000,000.00 35,000,000.00 458,000,000.00
Profit Loss From Operating Activities -4,175,000,000.00 1,408,000,000.00 5,123,000,000.00 4,299,000,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method -57,000,000.00 -552,000,000.00 -2,000,000.00 0.00
Profit Loss Before Tax -4,703,000,000.00 314,000,000.00 4,871,000,000.00 4,110,000,000.00
Income Tax Expense Continuing Operations -775,000,000.00 166,000,000.00 926,000,000.00 720,000,000.00
Profit (loss) -3,928,000,000.00 148,000,000.00 3,945,000,000.00 3,390,000,000.00
Profit Loss Attributable To Owners Of Parent -3,961,000,000.00 110,000,000.00 3,972,000,000.00 3,328,000,000.00
Profit Loss Attributable To Noncontrolling Interests 33,000,000.00 38,000,000.00 -27,000,000.00 62,000,000.00
Line item in (pln) 01.01.2020 01.01.2021 01.01.2022 02.01.2021 01.01.2023 02.01.2022
Profit (loss) -3,928,000,000.00 148,000,000.00 3,945,000,000.00 N/A 3,390,000,000.00 N/A
Adjustments For Decrease Increase In Inventories -1,811,000,000.00 1,370,000,000.00 866,000,000.00 N/A -2,727,000,000.00 N/A
Adjustments For Provisions 2,836,000,000.00 3,347,000,000.00 3,813,000,000.00 N/A 7,147,000,000.00 N/A
Other Adjustments To Reconcile Profit Loss 40,000,000.00 -4,000,000.00 -50,000,000.00 N/A 44,000,000.00 N/A
Income Taxes Paid Refund Classified As Operating Activities 555,000,000.00 359,000,000.00 1,273,000,000.00 N/A 2,168,000,000.00 N/A
Cash Flows From Used In Operating Activities 6,820,000,000.00 10,256,000,000.00 7,439,000,000.00 N/A 11,609,000,000.00 N/A
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 0.00 368,000,000.00 N/A 111,000,000.00 N/A
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 0.00 122,000,000.00 0.00 N/A 797,000,000.00 N/A
Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities N/A N/A 0.00 N/A 16,000,000.00 N/A
Other Inflows Outflows Of Cash Classified As Investing Activities 40,000,000.00 31,000,000.00 12,000,000.00 N/A 18,000,000.00 N/A
Cash Flows From Used In Investing Activities -6,865,000,000.00 -6,037,000,000.00 -4,367,000,000.00 N/A -7,296,000,000.00 N/A
Payments From Changes In Ownership Interests In Subsidiaries 282,000,000.00 17,000,000.00 0.00 N/A N/A N/A
Proceeds From Issuing Shares N/A N/A 0.00 N/A 3,197,000,000.00 N/A
Proceeds From Borrowings Classified As Financing Activities 5,359,000,000.00 4,451,000,000.00 601,000,000.00 N/A 2,293,000,000.00 N/A
Dividends Paid Classified As Financing Activities 4,000,000.00 2,000,000.00 N/A N/A N/A N/A
Interest Paid Classified As Financing Activities 358,000,000.00 373,000,000.00 358,000,000.00 N/A 364,000,000.00 N/A
Other Inflows Outflows Of Cash Classified As Financing Activities 17,000,000.00 35,000,000.00 45,000,000.00 N/A 37,000,000.00 N/A
Cash Flows From Used In Financing Activities 77,000,000.00 -1,357,000,000.00 -528,000,000.00 N/A 841,000,000.00 N/A
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -2,000,000.00 14,000,000.00 -17,000,000.00 N/A 7,000,000.00 N/A
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes 32,000,000.00 2,862,000,000.00 2,544,000,000.00 N/A 5,154,000,000.00 N/A
Cash and cash equivalents 1,313,000,000.00 4,189,000,000.00 6,733,000,000.00 4,189,000,000.00 11,887,000,000.00 6,733,000,000.00

Please note that some sums might not add up.

Filings & Publications

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2020

Report
Q1
H1
Q3
FY
Consolidated Report
POL
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

PLPGER000010

LEI

259400MP9VXR0E69MJ89

Sector

Utilities

Industry Group

Utilities

Industry

Electric Utilities

Sub-Industry

Electric Utilities

Listed Stock Exchange

Warsaw Stock Exchange

Stock Index

WIG30

Main Stock Exchange

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