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Enel

Report Publication Announcement • Nov 7, 2025

4317_rns_2025-11-07_e7c69e91-6de5-4f28-815d-88e0779c4343.pdf

Report Publication Announcement

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Data/Ora Ricezione : 7 Novembre 2025 18:47:13

Oggetto : Enel pubblica il report sui dati operativi di

Gruppo del terzo trimestre e dei nove mesi 2025

Testo del comunicato

Vedi allegato

International Press Office Investor Relations

T +39 06 8305 5699 T +39 06 8305 7975 [email protected] [email protected] [email protected] enel.com enel.com

ENEL PUBBLICA IL REPORT SUI DATI OPERATIVI DI GRUPPO DEL TERZO TRIMESTRE E DEI NOVE MESI 2025

Roma, 7 novembre 2025 – Enel S.p.A. ("Enel") ha pubblicato il "Quarterly Bulletin" ("Report") contenente i dati operativi del Gruppo del terzo trimestre e dei nove mesi 2025.

Il Report, pubblicato in anticipo rispetto all'approvazione da parte del Consiglio di Amministrazione di Enel e alla divulgazione dei dati economico-finanziari contenuti nei documenti contabili periodici, si pone l'obiettivo di rafforzare ulteriormente la trasparenza del Gruppo nei confronti della comunità finanziaria, in linea con le best practice dei mercati più evoluti.

Il Report, allegato al presente comunicato stampa, è a disposizione del pubblico presso la sede sociale, sul sito internet di Enel (www.enel.com), e – unitamente al presente comunicato – presso il meccanismo di stoccaggio autorizzato "eMarket Storage" ().

INTERNAL#

9M 2025 Quarterly Bulletin

Investor Relations Team [email protected] +39 06 8305 7975

www.enel.com/investors Website

Investor Relations App

Index

  1. Pro forma numbers

  2. Group Net Installed Capacity

  3. Group Net Production

  4. Grids and Enel X Global Retail

  5. Quarters Overview

  6. Main events

  7. Disclaimer

1. Pro forma numbers 1

Generation - installed (GW) 9M 2025 9M 2024 ∆% yoy
Total installed capacity 92.9 89.4 +3.9%
Renewables 67.8 64.6 +5.0%
of which BESS 3.4 2.4 +41.7%
Nuclear 3.3 3.3 -
Total Emission Free Capacity 71.1 67.9 +4.7%
Thermal 21.8 21.5 +1.4%
of which regulated 10.4 9.8 +6.1%
Generation - production (TWh) 9M 2025 9M 2024 ∆% yoy
Total production 151.7 156.3 -2.9%
Renewables 109.1 111.9 -2.5%
Nuclear 19.1 19.3 -1.0%
Total Emission Free production 128.2 131.3 -2.4%
Thermal 23.6 25.0 -5.6%
Grids 9M 2025 9M 2024 ∆% yoy
Electricity distributed (TWh) 355.7 353.0 +0.8%
Italy 156.1 156.4 -0.2%
Spain 109.0 105.7 +3.1%
RoW 90.6 90.9 -0.3%
End Users (mln) 69.0 68.4 +0.9%
Italy 31.2 31.1 +0.3%
Spain 12.7 12.6 +0.8%
RoW 25.1 24.7 +1.6%
Supply/Retail Liberalized Market (volumes) 9M 2025 9M 2024 ∆% yoy
Europe market energy sold (TWh) 91.0 101.4 -10.3%
of which Italy 39.9 50.5 -21.0%
of which Spain 51.0 50.9 +0.2%
of which Italy - B2C + SME (fixed price) 56% 55% 1.0pp
of which Spain - B2C + SME (fixed price) 97% 97% 0.0pp
Europe market gas sold (bcm) 3.8 4.5 -15.6%
of which Italy 1.8 2.3 -21.7%
of which Spain 2.0 2.3 -13.0%
of which Italy - B2C + SME (fixed price) 56% 56% 0.0pp
of which Spain - B2C + SME (fixed price) 94% 100% -6.0pp
Latam market energy sold (TWh) 28.5 28.9 -1.4%

Latam exceludes Peru. End of regulated tariff in Italy for non vulnerable customers. Vulnerable customers still included in regulated customer base

1. 2024 restated figures. Rounded figures. It Includes JV and Stewardship capacity and production. Pro-forma numbers are net of the disposals executed in 2024: Perù and grids in Lombardy (Italy).

2. Group Net Installed Capacity (MW)

Group 9M 2025 9M 2024 ∆% yoy
Hydro 28,321 27,543 +2.8%
Wind 15,848 15,746 +0.6%
Geothermal 860 860 -
BESS 3,367 2,357 +42.9%
Solar & Others 12,799 11,817 +8.3%
Total Renewables 61,194 58,323 +4.9%
Nuclear 3,328 3,328 -
Total Emission Free Capacity 64,522 61,651 +4.7%
Coal 4,627 4,627 -
CCGT 12,420 11,570 +7.3%
Oil & Gas 4,747 5,295 -10.3%
Total Thermal 21,794 21,492 +1.4%
Total Consolidated capacity 86,316 83,144 +3.8%
JV and Stewardship capacity 6,585 6,290 +4.7%
Total Installed capacity 92,901 89,433 +3.9%

Consolidated Capacity

Italy 9M 2025 9M 2024 ∆% yoy
Hydro 12,995 12,993 +0.0%
Wind 874 874 -
Geothermal 776 776 -
BESS 1,688 799 +111.3%
Solar & Others 447 366 +22.1%
Total Renewables 16,781 15,809 +6.1%
Coal 4,160 4,160 -
CCGT 5,507 4,657 +18.3%
Oil & Gas 1,633 2,132 -23.4%
Total Thermal 11,300 10,949 +3.2%
Total 28,081 26,758 +4.9%
Iberia 9M 2025 9M 2024 ∆% yoy
Hydro 5,369 4,746 +13.1%
Wind 3,001 2,893 +3.7%
Solar & Others 2,680 2,459 +9.0%
Total Renewables 11,051 10,098 +9.4%
Nuclear 3,328 3,328 -
Total Emission Free Capacity 14,379 13,426 +7.1%
Coal 241 241 -
CCGT 5,445 5,445 -
Oil & Gas 2,293 2,333 -1.7%
Total Thermal 7,979 8,019 -0.5%
Total 22,357 21,445 +4.3%
Latin America 1 9M 2025 9M 2024 ∆% yoy
Hydro 9,957 9,804 +1.6%
Wind 5,301 5,301 -
Geothermal 83 83 -
BESS 210 210 -
Solar & Others 5,459 5,159 +5.8%
Total Renewables 21,010 20,557 +2.2%
Coal 226 226 -
CCGT 1,468 1,468 -
Oil & Gas 497 511 -2.7%
Total Thermal 2,191 2,205 -0.6%
Total 23,201 22,762 +1.9%
North America 2 9M 2025 9M 2024 ∆% yoy
Wind 6,296 6,303 -0.1%
BESS 1,457 1,343 +8.5%
Solar & Others 3,867 3,482 +11.1%
Total 11,620 11,127 +4.4%
Other countries 3 9M 2025 9M 2024 ∆% yoy
Wind 375 375 -
Solar & Others 357 357 -
Total Renewables 733 733 -
Oil & Gas 325 319 +1.9%
Total Thermal 325 319 +1.9%
Total 1,057 1,052 +0.5%

Total Consolidated Capacity

Total Unconsolidated Capacity

JV and Stewardship capacity

Group 4 9M 2025 9M 2024 ∆% yoy
Wind 4,348 4,129 +5.3%
Solar & Others 2,237 2,161 +3.5%
Total 6,585 6,290 +4.7%

Additional Capacity YTD

Group Hydro Solar Wind CCGT Total
Italy 1 10 - 798 809
Iberia 623 177 108 - 909
Latin America - 300 - - 300
Total 624 487 108 798 2,017

1. 2024 restated figures: Latin America and Central America do not include Perú and include Mexico.

2. 2024 restated figures: North America does not include Mexico.

3. 2024 restated figures: Other countries include Perú, Germany, South Africa, Zambia and India

4. JV and Stewardship capacity includes Italy, Mexico, US, Greece, South Africa, Marocco, Australia and India

3. Group Net Production (GWh)

Group 9M 2025 9M 2024 ∆% yoy Quarter prod.
Total Production 151,750 159,481 -4.8% 50,200
Consolidated production 141,153 147,241 -4.1% 47,831
of which Emission Free (consolidated) 117,571 121,367 -3.1% 39,249
JV and Stewardship Production 10,597 12,240 -13.4% 2,369
Total emission Free production 1 128,169 133,607 -4.1% 41,617
Group 9M 2025 9M 2024 ∆% yoy Quarter prod.
Hydro 46,590 50,025 -6.9% 14,869
Wind 32,911 34,350 -4.2% 10,484
Geothermal 3,990 4,154 -3.9% 1,326
Solar & Others 15,016 13,493 +11.3% 5,592
Total Renewables 98,507 102,022 -3.4% 32,271
Nuclear 19,065 19,344 -1.4% 6,977
Total Emission Free production 117,571 121,367 -3.1% 39,249
Coal 1,095 1,737 -37.0% 311
CCGT 18,283 19,764 -7.5% 6,762
Oil & Gas 4,203 4,374 -3.9% 1,510
Total Thermal 23,581 25,874 -8.9% 8,582
Total consolidated production 141,153 147,241 -4.1% 47,831
JV and Stewardship production 10,597 12,240 -13.4% 2,369
Total production 151,750 159,481 -4.8% 50,200

Consolidated Production

Italy 9M 2025 9M 2024 ∆% yoy Quarter prod.
Hydro 13,102 14,611 -10.3% 4,132
Wind 904 991 -8.8% 245
Geothermal 3,909 3,931 -0.6% 1,301
Solar & Others 548 249 +120.1% 226
Total Renewables 18,463 19,782 -6.7% 5,904
Coal 837 949 -11.8% 289
CCGT 3,899 6,016 -35.2% 1,381
Oil & Gas 99 219 -54.8% 43
Total Thermal 4,834 7,183 -32.7% 1,713
Total 23,298 26,965 -13.6% 7,617
Iberia 9M 2025 9M 2024 ∆% yoy Quarter prod.
Hydro 6,885 5,891 +16.9% 1,684
Wind 4,124 4,713 -12.5% 1,175
Solar & Others 2,887 3,258 -11.4% 1,185
Total Renewables 13,896 13,861 +0.3% 4,043
Nuclear 19,065 19,344 -1.4% 6,977
Total Emission Free production 32,961 33,205 -0.7% 11,021
Coal 89 54 +64.8% -
CCGT 10,085 9,187 +9.8% 4,003
Oil & Gas 3,242 3,296 -1.6% 1,216
Total Thermal 13,416 12,537 +7.0% 5,219
Total 46,377 45,742 +1.4% 16,239
Latin America 2 9M 2025 9M 2024 ∆% yoy Quarter prod.
Hydro 26,604 27,704 -4.0% 9,054
Wind 12,923 12,874 +0.4% 5,018
Solar & Others 5,999 5,824 +3.0% 1,964
Total Renewables 45,526 46,402 -1.9% 16,036
Coal 169 734 -77.0% 22
CCGT 4,299 3,832 +12.2% 1,378
Oil & Gas 655 429 +52.7% 176
Total Thermal 5,123 4,996 +2.5% 1,575
Total 50,649 51,398 -1.5% 17,611
North America 3 9M 2025 9M 2024 ∆% yoy Quarter prod.
Wind 14,346 14,871 -3.5% 3,830
Solar & Others 5,300 3,725 +42.3% 2,128
Total 19,646 18,597 +5.6% 5,959
Other countries 4 9M 2025 9M 2024 ∆% yoy Quarter prod.
Hydro - 1,819 -100.0% -
Wind 612 902 -32.2% 216
Solar & Others 364 660 -44.8% 114
Total Renewables 976 3,381 -71.1% 330
CCGT - 729 -100.0% -
Oil & Gas 208 430 -51.6% 75
Total Thermal 208 1,159 -82.1% 75
Total 1,184 4,539 -73.9% 405

Total Group Production

Total Group Production

  • Total Renewables
  • Nuclear
  • Total Thermal
  • JV and Stewardship production

JV and Stewardship production

Group 5 9M 2025 9M 2024 ∆% yoy Quarter prod.
Wind 9,437 9,407 0.3% 1,980
Solar & Others 1,161 2,833 -59.0% 389
Total 10,597 12,240 -13.4% 2,369
    1. Emission free production considers nuclear + renewable production (consolidated & JV and Stewardship).
    1. 2024 restated figures. Latin America and Central America do not include Perú and include Mexico. Geothermal production is included in Solar & Others
    1. 2024 restated figures. North America does not include Mexico.
    1. 2024 restated figures. Other countries include Perú, Germany, South Africa, Zambia and India
    1. JV and Stewardship production includes US, Greece, South Africa, Marocco, Australia and India

4. Group Infrastructure & Networks

Electricity distributed (TWh) 9M 2025 9M 2024 ∆% yoy End users1
(mn)		 9M 2025 9M 2024 ∆abs yoy
Italy 156.1 163.0 -4.2% Italy 31.2 31.9 -0.7
Iberia 109.0 105.7 +3.1% Iberia 12.7 12.6 0.1
Latin America 90.6 90.9 -0.3% Latin America 25.1 24.7 0.4
Brazil 54.8 54.8 - Brazil 16.1 15.9 0.2
Chile 10.9 11.1 -1.8% Chile 2.2 2.2 0.0
Argentina 13.5 13.5 - Argentina 2.8 2.7 0.1
Colombia & CAM 11.5 11.5 - Colombia & CAM 4.0 3.9 0.1
Other Countries - 3.7 -100.0% Other Countries - - 0.0
Total 355.7 363.3 -2.1% Total 69.0 69.2 -0.2
2024 restated figures
1. End Users represent the number of distribution delivery points at the end of the period.
Electricity distributed (TWh) 9M 2025 9M 2024 ∆% yoy End users1
(mn)		 9M 2025 9M 2024 ∆abs yoy
Italy 156.1 163.0 -4.2% Italy 31.2 31.9 -0.7
Iberia 109.0 105.7 +3.1% Iberia 12.7 12.6 0.1
Latin America 90.6 90.9 -0.3% Latin America 25.1 24.7 0.4
Brazil 54.8 54.8 - Brazil 16.1 15.9 0.2
Chile 10.9 11.1 -1.8% Chile 2.2 2.2 0.0
Argentina 13.5 13.5 - Argentina 2.8 2.7 0.1
Colombia & CAM 11.5 11.5 - Colombia & CAM 4.0 3.9 0.1
Other Countries - 3.7 -100.0% Other Countries - - 0.0
Total 355.7 363.3 -2.1% Total 69.0 69.2 -0.2
2024 restated figures 1. End Users represent the number of distribution delivery points at the end of the period.

Liberalized market

Total energy sold (TWh)3 9M 2025 9M 2024 ∆% yoy Total power customers4
(mn)		 9M 2025 9M 2024 ∆abs yoy
Liberalized Market 119.50 132.8 -10.0% Liberalized Market 17.60 18.60 -1.0
Regulated 68.6 75.9 -9.6% Regulated 31.1 31.0 0.1
Total 188.1 208.7 -9.9% Total 48.6 49.6 -1.0
(mn) 9M 2025 9M 2024 ∆abs yoy

End of regulated tariff in Italy for non vulnerable customers. Vulnerable customers still included in regulated

EU liberalized energy sold (TWh)3 9M 2025 9M 2024 ∆% yoy EU liberalized power customers4
EU liberalized energy sold (TWh)3 9M 2025 9M 2024 ∆% yoy EU liberalized power customers4
(mn)		 9M 2025 9M 2024 ∆abs yoy
Italy 39.9 50.5 -21.0% Italy 11.3 11.9 -0.6
Iberia 51.0 50.9 +0.2% Iberia 6.3 6.7 -0.4
Total 91.0 101.4 -10.3% Total 17.6 18.6 -1.0
LA+CA liberalized energy sold (TWh)3 9M 2025 9M 2024 ∆% yoy
Brazil 14.0 13.5 +3.7%
Chile 11.1 11.7 -5.1%
Colombia & CAM 3.4 3.7 -8.1%
Total 28.5 28.9 -1.4%

2024 restated figures

Regulated markets

EU regulated energy sold (TWh)3 9M 2025 9M 2024 ∆% yoy EU regulated power customers4
(mn)		 9M 2025 9M 2024 ∆abs yoy
Italy 3.2 6.2 -48.4% Italy 2.6 2.9 -0.3
Iberia 5.6 5.5 +1.8% Iberia 3.4 3.6 -0.2
Total 8.8 11.8 -25.4% Total 6.0 6.5 -0.5
EU regulated energy sold (TWh)3 9M 2025 9M 2024 ∆% yoy EU regulated power customers4
(mn)		 9M 2025 9M 2024 ∆abs yoy
Italy 3.2 6.2 -48.4% Italy 2.6 2.9 -0.3
Iberia 5.6 5.5 +1.8% Iberia 3.4 3.6 -0.2

End of regulated tariff in Italy for non vulnerable customers. Vulnerable customers still included in regulated

Latin America and Central America regulated markets
LA+CA regulated energy sold (TWh)3 9M 2025 9M 2024 ∆% yoy LA+CA regulated power customers4
(mn)		 9M 2025 9M 2024 ∆abs yoy
Brazil 34.7 36.3 -4.4% Brazil 16.1 15.8 0.3
Chile 6.8 7.3 -6.8% Chile 2.1 2.1 0.0
Argentina 11.0 11.1 -0.9% Argentina 2.8 2.7 0.1
Colombia & CAM 7.3 7.2 +1.4% Colombia & CAM 4.0 3.9 0.1
Total 59.8 61.9 -3.4% Total 25.0 24.6 0.4
  1. Net of energy losses. 2024 restated figures
Gas sold (bcm) 9M 2025 9M 2024 ∆% yoy Gas customers (mn) 9M 2025 9M 2024 ∆abs yoy
Italy 2.0 2.4 -16.7% Italy 4.0 4.0 0.0
Iberia 2.1 2.4 -12.5% Iberia 1.7 1.8 -0.1
Latin America 0.20 0.20 -
Total 4.3 5.0 -14.0% Total 5.7 5.8 -0.1
LA+CA regulated energy sold (TWh)3 9M 2025 9M 2024 ∆% yoy LA+CA regulated power customers4
(mn)		 9M 2025 9M 2024 ∆abs yoy
Brazil 34.7 36.3 -4.4% Brazil 16.1 15.8 0.3
Chile 6.8 7.3 -6.8% Chile 2.1 2.1 0.0
Argentina 11.0 11.1 -0.9% Argentina 2.8 2.7 0.1
Colombia & CAM 7.3 7.2 +1.4% Colombia & CAM 4.0 3.9 0.1
Gas sold (bcm) 9M 2025 9M 2024 ∆% yoy Gas customers (mn) 9M 2025 9M 2024 ∆abs yoy
Italy 2.0 2.4 -16.7% Italy 4.0 4.0 0.0
Iberia 2.1 2.4 -12.5% Iberia 1.7 1.8 -0.1
Latin America 0.20 0.20 -
  1. Power Customers represent clients with active contracts with Enel.

8

5. Quarters overview

Pro forma numbers 1

Generation - installed (GW) Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Total installed capacity 92.9 89.4 +3.9% 92.4 88.4 +4.5% 90.7 86.9 +4.4%
Renewables 67.8 64.6 +5.0% 67.2 63.7 +5.5% 66.4 62.2 +6.8%
of which BESS 3.4 2.4 +41.7% 3.3 2.0 +65.0% 2.8 1.6 +75.0%
Nuclear 3.3 3.3 - 3.3 3.3 - 3.3 3.3 -
Total Emission Free Capacity 71.1 67.9 +4.7% 70.5 67.0 +5.2% 69.7 65.5 +6.4%
Thermal 21.8 21.5 +1.4% 21.8 21.4 +1.9% 21.0 21.4 -1.9%
of which regulated 10.4 9.8 +6.1% 10.4 9.8 +6.1% 9.6 9.8 -2.0%
Generation - production (TWh) Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Total production 50.1 54.4 -7.9% 51.4 51.7 -0.6% 50.2 50.2 -
Renewables 34.6 38.3 -9.7% 39.3 38.6 +1.8% 35.2 35.0 +0.6%
Nuclear 7.0 7.1 -1.4% 5.0 5.6 -10.7% 7.1 6.6 +7.6%
Total Emission Free production 41.6 45.4 -8.4% 44.3 44.3 - 42.3 41.6 +1.7%
Thermal 8.6 9.0 -4.4% 7.1 7.4 -4.1% 7.9 8.6 -8.1%
Grids Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Electricity distributed (TWh) 124.3 124.3 - 114.3 113.0 +1.2% 117.1 115.7 +1.2%
Italy 54.8 56.0 -2.1% 49.5 49.0 +1.0% 51.8 51.4 +0.8%
Spain 39.4 38.1 +3.4% 35.2 34.2 +2.9% 34.4 33.4 +3.0%
RoW 30.1 30.1 - 29.5 29.9 -1.3% 31.0 30.9 +0.3%
End Users (mln) 69.0 68.4 +0.9% 68.9 68.2 +1.0% 68.6 68.1 +0.7%
Italy 31.2 31.1 +0.3% 31.2 31.1 +0.3% 31.1 31.1 -
Spain 12.7 12.6 +0.8% 12.7 12.6 +0.8% 12.7 12.6 +0.8%
RoW 25.1 24.7 +1.6% 25.0 24.5 +2.0% 24.9 24.4 +2.0%
Supply/Retail Liberalized Markets (volumes) Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Europe market energy sold (TWh) 32.4 35.9 -9.7% 28.2 31.4 -10.2% 30.4 34.1 -10.9%
of which Italy 14.1 18.1 -22.1% 12.3 15.3 -19.6% 13.5 17.1 -21.1%
of which Spain 18.3 17.8 +2.8% 15.8 16.1 -1.9% 16.9 17.0 -0.6%
of which Italy - B2C + SME (fixed price) 57.0% 52.0% 5.0pp 55% 55% 0.0pp 55% 58% -3.0pp
of which Spain - B2C + SME (fixed price) 98.0% 96.0% 2.0pp 96% 96% 0.0pp 98% 98% 0.0pp
Europe market gas sold (bcm) 0.7 0.8 -12.5% 0.9 1.1 -18.2% 2.2 2.6 -15.4%
of which Italy 0.2 0.3 -33.3% 0.3 0.4 -25.0% 1.3 1.6 -18.8%
of which Spain 0.5 0.5 - 0.6 0.7 -14.3% 0.9 1.1 -18.2%
of which Italy - B2C + SME (fixed price) 61% 53% 8.0pp 58% 54% 4.0pp 55% 57% -2.0pp
of which Spain - B2C + SME (fixed price) 63% 100% -37.0pp 100% 100% 0.0pp 100% 100% 0.0pp
Latam market energy sold (TWh) 9.4 9.6 -2.1% 9.5 9.7 -2.1% 9.6 9.6 -

Latam exceludes Peru. End of regulated tariff in Italy for non vulnerable customers. Vulnerable

1. 2024 restated figures. Rounded figures. It Includes JV and Stewardship capacity and production. Pro-forma numbers are net of the disposals executed in 2024: Perù and grids in Lombardy (Italy).

Group Net Installed Capacity (MW)

Group
Q3 2025
Q3 2024
∆% yoy
Q2 2025
Q2 2024
∆% yoy
Q1 2025
Q1 2024
∆% yoy
Hydro
28,321
27,543
+2.8%
28,321
27,542
+2.8%
28,321
28,337
-0.1%
Wind
15,848
15,746
+0.6%
15,739
15,746
-0.0%
15,739
15,853
-0.7%
Geothermal
860
860
-
860
860
-
860
860
-
BESS
3,367
2,358
+42.8%
3,362
2,003
+67.8%
2,847
1,618
+76.0%
Solar & Others
12,799
11,817
+8.3%
12,373
11,313
+9.4%
12,331
10,744
+14.8%
Total Renewables
61,194
58,323
+4.9%
60,655
57,464
+5.6%
60,098
57,412
+4.7%
Nuclear
3,328
3,328
-
3,328
3,328
-
3,328
3,328
-
Total Emission Free Capacity
64,522
61,651
+4.7%
63,983
60,792
+5.2%
63,426
60,740
+4.4%
Coal
4,627
4,627
-
4,627
4,627
-
4,627
4,627
-
CCGT
12,420
11,570
+7.3%
12,420
11,520
+7.8%
11,622
11,983
-3.0%
Oil & Gas
4,747
5,295
-10.3%
4,747
5,215
-9.0%
4,758
5,616
-15.3%
Total Thermal
21,794
21,492
+1.4%
21,794
21,362
+2.0%
21,007
22,227
-5.5%
Total Consolidated capacity
86,316
83,144
+3.8%
85,777
82,154
+4.4%
84,434
82,966
+1.8%
JV and Stewardship capacity
6,585
6,290
+4.7%
6,585
6,290
+4.7%
6,291
6,197
+1.5%
Total Installed capacity
92,901
89,433
+3.9%
92,361
88,443
+4.4%
90,725
89,163
+1.8%
Consolidated Capacity
Italy
Q3 2025
Q3 2024
∆% yoy
Q2 2025
Q2 2024
∆% yoy
Q1 2025
Q1 2024
∆% yoy
Hydro
12,995
12,993
+0.0%
12,995
12,992
+0.0%
12,995
12,995
-
Wind
874
874
-
874
874
-
874
874
-
Geothermal
776
776
-
776
776
-
776
776
-
BESS
1,688
799
+111.3%
1,688
445
+279.3%
1,174
214
+448.6%
Solar & Others
447
366
+22.0%
437
333
+31.2%
436
250
+74.4%
Total Renewables
16,781
15,809
+6.1%
16,772
15,420
+8.8%
16,256
15,109
+7.6%
Coal
4,160
4,160
-
4,160
4,160
-
4,160
4,160
-
CCGT
5,507
4,657
+18.2%
5,507
4,607
+19.5%
4,709
4,607
+2.2%
Oil & Gas
1,633
2,132
-23.4%
1,633
2,052
-20.4%
1,633
2,052
-20.4%
Total Thermal
11,300
10,949
+3.2%
11,300
10,819
+4.4%
10,502
10,819
-2.9%
Total
28,081
26,758
+4.9%
28,072
26,239
+7.0%
26,758
25,928
+3.2%
Iberia
Q3 2025
Q3 2024
∆% yoy
Q2 2025
Q2 2024
∆% yoy
Q1 2025
Q1 2024
∆% yoy
Hydro
5,369
4,746
+13.1%
5,369
4,746
+13.1%
5,369
4,746
+13.1%
Wind
3,001
2,893
+3.8%
2,893
2,893
-
2,893
2,884
+0.3%
Solar & Others
2,680
2,459
+9.0%
2,536
2,536
-
2,498
2,373
+5.3%
Total Renewables
11,051
10,098
+9.4%
10,798
10,098
+6.9%
10,760
10,003
+7.6%
Nuclear
3,328
3,328
-
3,328
3,328
-
3,328
3,328
-
Total Emission Free Capacity
14,379
13,426
+7.1%
14,126
13,426
+5.2%
14,088
13,331
+5.7%
Coal
241
241
-
241
241
-
241
241
-
CCGT
5,445
5,445
-
5,445
5,445
-
5,445
5,445
-
Oil & Gas
2,293
2,333
-1.8%
2,293
2,333
-1.7%
2,304
2,333
-1.2%
Total Thermal
7,979
8,019
-0.5%
7,979
8,019
-0.5%
7,990
8,019
-0.4%
Total
22,357 21,445
+4.3%
22,104 21,445
+3.1%
22,078 21,350
+3.4%
Latin America1
Q3 2025
Q3 2024
∆% yoy
Q2 2025
Q2 2024
∆% yoy
Q1 2025
Q1 2024
∆% yoy
Hydro
9,957
9,804
+1.6%
9,957
9,803
+1.6%
9,957
9,802
+1.6%
Wind
5,301
5,301
-
5,301
5,301
-
5,301
5,107
+3.8%
Geothermal
83
83
-
83
83
-
83
83
-
BESS
210
210
-
210
210
-
210
41
+412.2%
Solar & Others
5,459
5,159
+5.8%
5,181
5,052
+2.6%
5,178
4,649
+11.4%
Total Renewables
21,010
20,557
+2.2%
20,733
20,449
+1.4%
20,730
19,684
+5.3%
Coal
226
226
-
226
226
-
226
226
-
CCGT
1,468
1,468
-
1,468
1,468
-
1,468
1,468
-
Oil & Gas
497
511
-2.6%
497
511
-2.7%
497
511
-2.7%
Total Thermal
2,191
2,205
-0.6%
2,191
2,205
-0.6%
2,191
2,205
-0.6%
Total
23,201
22,762
+1.9%
22,924
22,654
+1.2%
22,921
21,888
+4.7%
North America2
Q3 2025
Q3 2024
∆% yoy
Q2 2025
Q2 2024
∆% yoy
Q1 2025
Q1 2024
∆% yoy
Wind
6,296
6,303
-0.1%
6,296
6,303
-0.1%
6,296
6,303
-0.1%
BESS
1,457
1,343
+8.5%
1,457
1,343
+8.5%
1,457
1,343
+8.5%
Solar & Others
3,867
3,482
+11.1%
3,867
3,119
+24.0%
3,867
2,819
+37.2%
Total
11,620
11,127
+4.4%
11,620
10,764
+8.0%
11,620
10,464
+11.0%
Other Countries3
Q3 2025
Q3 2024
∆% yoy
Q2 2025
Q2 2024
∆% yoy
Q1 2025
Q1 2024
∆% yoy
Hydro
-
-
-
-
-
-
-
793
-100.0%
Wind
375
375
-
375
375
-
375
684
-45.2%
BESS
-
-
-
-
-
-
-
15
-100.0%
Solar & Others
357
357
-
357
357
-
357
659
-45.8%
Total Renewables
733
733
-
733
733
-
733
2,152
-65.9%
CCGT
-
-
-
-
-
-
-
463
-100.0%
Oil & Gas
325
319
+1.7%
325
319
+1.9%
325
721
-54.9%
Total Thermal
325
319
+1.7%
325
319
+1.9%
325
1,184
-72.6%
Total
1,057
1,052
+0.5%
1,057
1,052
+0.5%
1,057
3,336
-68.3%
JV and Stewardship capacity
Group 4
Q3 2025
Q3 2024
∆% yoy
Q2 2025
Q2 2024
∆% yoy
Q1 2025
Q1 2024
∆% yoy
Wind
4,348
4,129
+5.3%
4,348
4,129
+5.3%
4,129
4,129
-
Solar & Others
2,237
2,161
+3.5%
2,237
2,161
+3.5%
2,162
2,068
+4.5%
Total
6,585
6,290
+4.7%
6,585
6,290
+4.7%
6,291
6,197
+1.5%

1. 2024 restated figures: Latin America and Central America do not include Perú and include

Mexico. 2. 2024 restated figures: North America does not include Mexico.

3. 2024 restated figures: Other countries include Perú, Germany, South Africa, Zambia and India

4. JV and Stewardship capacity includes Italy, Mexico, US, Greece, South Africa, Marocco,

Group Net Production (GWh)

Group Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Total Production 50,200 54,440 -7.8% 51,345 52,317 -1.9% 50,205 52,724 -4.8%
Consolidated production 47,831 50,499 -5.3% 46,648 48,057 -2.9% 46,674 48,685 -4.1%
of which Emission Free (consolidated) 39,249 41,473 -5.4% 39,532 40,600 -2.6% 38,791 39,294 -1.3%
JV and Stewardship Production 2,369 3,941 -39.9% 4,698 4,260 +10.3% 3,531 4,039 -12.6%
Total emission Free production 1 41,617 45,414 -8.4% 44,229 44,859 -1.4% 42,322 43,333 -2.3%
Group Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Hydro 14,869 16,595 -10.4% 17,170 17,107 +0.4% 14,551 16,323 -10.9%
Wind 10,484 11,131 -5.8% 11,015 12,044 -8.5% 11,412 11,175 +2.1%
Geothermal 1,326 1,349 -1.7% 1,334 1,369 -2.6% 1,331 1,436 -7.3%
Solar & Others 5,592 5,300 +5.5% 5,060 4,423 +14.4% 4,363 3,770 +15.7%
Total Renewables 32,271 34,375 -6.1% 34,578 34,945 -1.0% 31,657 32,703 -3.2%
Nuclear 6,977 7,099 -1.7% 4,953 5,655 -12.4% 7,134 6,591 +8.2%
Total Emission Free production 39,249 41,473 -5.4% 39,532 40,600 -2.6% 38,791 39,294 -1.3%
Coal 311 499 -37.7% 306 490 -37.6% 478 747 -36.0%
CCGT 6,762 6,998 -3.4% 5,434 5,567 -2.4% 6,087 7,199 -15.4%
Oil & Gas 1,510 1,528 -1.2% 1,376 1,400 -1.8% 1,318 1,445 -8.8%
Total Thermal 8,582 9,026 -4.9% 7,116 7,458 -4.6% 7,883 9,391 -16.1%
Total consolidated production 47,831 50,499 -5.3% 46,648 48,057 -2.9% 46,674 48,685 -4.1%
JV and Stewardship production 2,369 3,941 -39.9% 4,698 4,260 +10.3% 3,531 4,039 -12.6%
Total production 50,200 54,440 -7.8% 51,345 52,317 -1.9% 50,205 52,724 -4.8%
Consolidated Production
Italy Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Hydro 4,132 4,727 -12.6% 5,239 5,824 -10.0% 3,731 4,060 -8.1%
Wind 245 233 +5.4% 271 313 -13.3% 388 445 -12.8%
Geothermal 1,301 1,293 +0.6% 1,305 1,296 +0.7% 1,303 1,342 -2.9%
Solar & Others 226 140 +60.9% 230 80 +186.5% 92 29 +217.2%
Total Renewables 5,904 6,393 -7.7% 7,046 7,512 -6.2% 5,514 5,877 -6.2%
Coal 289 306 -5.6% 292 178 +64.1% 255 464 -45.0%
CCGT 1,381 2,245 -38.5% 791 1,424 -44.5% 1,727 2,347 -26.4%
Oil & Gas 43 185 -76.9% 26 19 +34.2% 30 15 +100.0%
Total Thermal
Total		 1,713
7,617		 2,736
9,129		 -37.4%
-16.6%		 1,108
8,154		 1,622
9,134		 -31.7%
-10.7%		 2,013
7,527		 2,826
8,703		 -28.8%
-13.5%
Iberia Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Hydro 1,684 1,449 +16.2% 2,873 2,311 +24.3% 2,328 2,131 +9.2%
Wind 1,175 1,109 +5.9% 1,214 1,436 -15.5% 1,736 2,167 -19.9%
Solar & Others 1,185 1,391 -14.8% 1,090 1,148 -5.1% 612 719 -14.9%
Total Renewables 4,043 3,948 +2.4% 5,177 4,896 +5.8% 4,675 5,017 -6.8%
Nuclear
Total Emission Free production		 6,977
11,021		 7,099
11,047		 -1.7%
-0.2%		 4,953
10,131		 5,655
10,551		 -12.4%
-4.0%		 7,134
11,809		 6,591
11,608		 +8.2%
+1.7%
Coal - 4 -100.0% 0.4 50 -99.2% 89 - -
CCGT 4,003 3,723 +7.5% 3,092 2,508 +23.3% 2,990 2,957 +1.1%
Oil & Gas 1,216 1,191 +2.1% 976 1,053 -7.3% 1,050 1,052 -0.2%
Total Thermal 5,219 4,918 +6.1% 4,069 3,609 +12.7% 4,129 4,010 +3.0%
Total 16,239 15,964 +1.7% 14,198 14,160 +2.1%
+0.3% 15,939 15,618
Latin America2 Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Hydro 9,054 10,419 -13.1% 9,058 8,519 +6.3% 8,492 8,766 -3.1%
Wind
Solar & Others		 5,018
1,964		 5,499
2,038		 -8.8%
-3.6%		 4,378
1,788		 4,540
1,857		 -3.6%
-3.8%		 3,528
2,247		 2,834
1,929		 +24.5%
+16.5%
Total Renewables 16,036 17,956 -10.7% 15,223 14,916 +2.1% 14,267 13,530 +5.4%
Coal 22 189 -88.4% 13 262 -94.9% 134 283 -52.7%
CCGT 1,378 1,031 +33.7% 1,551 1,519 +2.1% 1,370 1,282 +6.9%
Oil & Gas 176 54 +227.6% 316 219 +44.4% 163 157 +3.8%
Total Thermal 1,575 1,274 +23.7% 1,881 2,001 -6.0% 1,667 1,721 -3.1%
Total 17,611 19,230 -8.4% 17,105 16,917 +1.1% 15,933 15,251 +4.5%
North America3 Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Wind 3,830 4,040 -5.2% 4,925 5,465 -9.9% 5,591 5,367 +4.2%
Solar & Others 2,128 1,662 +28.0% 1,868 1,229 +52.0% 1,303 834 +56.2%
Total 5,959 5,702 +4.5% 6,793 6,693 +1.5% 6,894 6,201 +11.2%
Other countries4 Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Hydro - - - - 454 -100.0% - 1,365 -100.0%
Wind 216 250 -13.5% 228 291 -21.8% 168 361 -53.5%
Solar & Others 114 125 -8.9% 112 183 -38.8% 138 352 -60.8%
Total Renewables 330 375 -12.0% 340 927 -63.4% 306 2,079 -85.3%
CCGT - - - - 116 -100.0% - 613 -100.0%
Oil & Gas 75 99 -24.0% 58 110 -47.5% 75 221 -66.1%
Total Thermal
Total		 75
405		 99
474		 -23.9%
-14.5%		 58
397		 226
1,154		 -74.5%
-65.6%		 75
381		 834
2,912		 -91.0%
-86.9%
JV and Stewardship production
Group 5 Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Wind
Solar & Others		 1,980
389		 2,994
947		 -33.9%
-58.9%		 4,371
327		 3,267
992		 +33.8%
-67.0%		 3,086
445		 3,146
894		 -1.9%
-50.2%

1. Emission free production considers nuclear + renewable production (consolidated & JV and

Stewardship ). 2. 2024 restated figures. Latin America and Central America do not include Perú and include

3. 2024 restated figures. North America does not include Mexico.

4. 2024 restated figures. Other countries include Perú, Germany, South Africa, Zambia and India

5. JV and Stewardship production includes US, Greece, South Africa, Marocco, Australia and India

Group Infrastructure & Networks

Electricity distributed (TWh)
Italy		 Q3 2025
54.8		 Q3 2024
58.3		 ∆% yoy
-6.0%		 Q2 2025
49.5		 Q2 2024
51.0		 ∆% yoy
-2.9%		 Q1 2025
51.8		 Q1 2024
53.7		 ∆% yoy
-3.5%
Iberia 39.4 38.1 +3.4% 35.2 34.2 +2.9% 34.4 33.4 +3.0%
Latin America 30.1 30.1 - 29.5 29.9 -1.3% 31.0 30.9 +0.3%
Brazil 17.8 17.9 -0.6% 18.0 18.1 -0.6% 19.0 18.8 +1.1%
Chile 3.7 3.7 - 3.6 3.8 -5.3% 3.6 3.6 -
Argentina 4.7 4.7 - 4.3 4.2 +2.4% 4.5 4.6 -2.2%
Colombia & CAM 3.9 3.9 - 3.8 3.8 - 3.8 3.8 -
Other Countries - 1.4 -100.0% - - - - 2.3 -100.0%
Total
2024 restated figures		 124.3 126.5 -1.7% 114.3 116.6 -2.0% 117.1 120.2 -2.6%
End users1
(mn)
Italy		 Q3 2025
31.2		 Q3 2024
31.9		 ∆abs yoy
-0.7		 Q2 2025
31.2		 Q2 2024
31.9		 ∆abs yoy
-0.7		 Q1 2025
31.1		 Q1 2024
31.9		 ∆abs yoy
-0.8
Iberia 12.7 12.6 0.1 12.7 12.6 0.1 12.7 12.6 0.1
Latin America 25.1 24.7 0.4 25.0 24.5 0.5 24.9 24.4 0.5
Brazil 16.1 15.9 0.2 16.0 15.8 0.2 16.0 15.7 0.3
Chile 2.2 2.2 - 2.2 2.1 0.1 2.2 2.1 0.1
Argentina 2.8 2.7 0.1 2.7 2.7 - 2.7 2.7 -
Colombia & CAM
Other Countries		 4.0
-		 3.9
-		 0.1
-		 4.0
-		 3.9
-		 0.1
-		 4.0
-		 3.9
1.6		 0.1
-1.6
Total 69.0 69.2 -0.2 68.9 69 -0.1 68.6 70.4 -1.8
1. End Users represent the number of distribution delivery points at the end of the period.
2024 restated figures
Retail
Total energy sold (TWh)3 Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Liberalized Market 41.9 45.5 -7.9% 37.6 41.8 -10.0% 40.0 45.5 -12.1%
Regulated 22.5 24.1 -6.6% 22.3 24.4 -8.6% 23.8 27.4 -13.1%
Total 64.3 69.6 -7.6% 60.0 66.2 -9.4% 63.8 72.9 -12.5%
Total power customers4
(mn)		 Q3 2025 Q3 2024 ∆abs yoy Q2 2025 Q2 2024 ∆abs yoy Q1 2025 Q1 2024 ∆abs yoy
Liberalized Market 17.6 18.6 -1.0 17.8 17.8 0.0 18.1 18.3 -0.2
Regulated 31.1 31.0 0.1 31.0 34.1 -3.1 31.0 35.9 -4.9
Total 48.6 49.6 -1.0 48.8 51.9 -3.1 49.1 54.2 -5.1
End of regulated tariff in Italy for non vulnerable customers.
Vulnerable customers still included in regulated customer
base
Liberalized market
EU liberalized energy sold (TWh)3 Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Italy
Iberia		 14.1
18.3		 18.1
17.8		 -22.1%
+2.8%		 12.3
15.8		 15.3
16.1		 -19.6%
-1.9%		 13.5
16.9		 17.1
17.0		 -21.1%
-0.6%
Total 32.4 35.9 -9.7% 28.2 31.4 -10.2% 30.4 34.1 -10.9%
EU liberalized power customers4
(mn)		 Q3 2025 Q3 2024 ∆abs yoy Q2 2025 Q2 2024 ∆abs yoy Q1 2025 Q1 2024 ∆abs yoy
Italy 11.3 11.9 -0.6 11.4 11.1 0.3 11.5 11.4 0.1
Iberia 6.3 6.7 -0.4 6.4 6.7 -0.3 6.6 6.9 -0.3
Total 17.6 18.6 -1.0 17.8 17.8 0.0 18.1 18.3 -0.2
LA+CA liberalized energy sold (TWh)3 Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Brazil 4.7 4.6 +2.2% 4.7 4.5 +4.4% 4.6 4.4 +4.5%
Chile 3.6 3.7 -2.7% 3.6 4.0 -10.0% 3.9 4.0 -2.5%
Colombia & CAM
Total		 1.1
9.4		 1.3
9.6		 -15.4%
-2.1%		 1.2
9.5		 1.2
9.7		 -
-2.1%		 1.1
9.6		 1.2
9.6		 -8.3%
-
2024 restated figures
Regulated markets
EU regulated energy sold (TWh)3 Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Italy 1.2 1.4 -14.3% 0.8 2.1 -61.9% 1.2 2.7 -55.6%
Iberia 2.0 1.9 +5.3% 1.6 1.6 - 2.0 2.0 -
Total 3.2 3.5 -8.6% 2.4 3.6 -33.3% 3.2 4.7 -31.9%
EU regulated power customers4
(mn)		 Q3 2025 Q3 2024 ∆abs yoy Q2 2025 Q2 2024 ∆abs yoy Q1 2025 Q1 2024 ∆abs yoy
Italy 2.6 2.9 -0.3 2.7 6.0 -3.3 2.7 6.4 -3.7
Iberia
Total		 3.4
6		 3.6
6.5		 -0.2
-0.5		 3.5
6.1		 3.6
9.6		 -0.1
-3.5		 3.5
6.2		 3.6
10		 -0.1
-3.8
End of regulated tariff in Italy for non vulnerable customers. Vulnerable customers still included in regulated customer base
Latin America and Central America regulated markets
LA+CA regulated energy sold (TWh)3 Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Brazil 10.6 12.0 -11.7% 11.8 11.5 +2.6% 12.3 12.8 -3.9%
Chile
Argentina		 2.3
3.8		 2.5
3.8		 -8.0%
-		 2.3
3.5		 2.5
3.5		 -8.0%
-		 2.2
3.7		 2.3
3.8		 -4.3%
-2.6%
Colombia & CAM 2.5 2.4 +4.2% 2.4 2.4 - 2.4 2.4 -
Total 19.3 20.7 -6.8% 19.9 19.9 - 20.6 21.3 -3.3%
3. Net of energy losses.2024 restated figures
LA+CA regulated power customers4
(mn)		 Q3 2025 Q3 2024 ∆abs yoy Q2 2025 Q2 2024 ∆abs yoy Q1 2025 Q1 2024 ∆abs yoy
Brazil 16.1 15.8 0.3 16.0 15.8 0.2 16.0 15.7 0.3
Chile 2.1 2.1 - 2.1 2.1 - 2.1 2.1 -
Argentina 2.8 2.7 0.1 2.7 2.7 - 2.7 2.7 -
Colombia & CAM
Total		 4.0
25		 3.9
24.6		 0.1
0.4		 4.0
24.9		 3.9
24.5		 0.1
0.4		 4.0
24.8		 3.9
24.4		 0.1
0.4
2024 restated figures

Gas sold (bcm) Q3 2025 Q3 2024 ∆% yoy Q2 2025 Q2 2024 ∆% yoy Q1 2025 Q1 2024 ∆% yoy
Italy 0.2 0.3 -33.3% 0.4 0.4 - 1.4 1.7 -17.6%
Iberia 0.5 0.5 - 0.5 0.7 -28.6% 1.1 1.2 -8.3%
Latin America - - - 0.1 0.1 - 0.1 0.1 -
Total 0.8 0.9 -11.1% 1 1.2 -16.7% 2.5 2.9 -13.8%
Gas customers (mn) Q3 2025 Q3 2024 ∆abs yoy Q2 2025 Q2 2024 ∆abs yoy Q1 2025 Q1 2024 ∆abs yoy
Italy 4.0 4.0 0.0 3.9 4.1 -0.2 4.0 4.2 -0.2
Iberia 1.7 1.8 -0.1 1.7 1.8 -0.1 1.8 1.8 0.0
Total 5.7 5.8 -0.1 5.7 5.9 -0.2 5.7 6.1 -0.4

6. Main Events

Rome, July 31st, 2025 – Enel Group acquires 62.5% of Cetasa, increasing its consolidated wind capacity in Spain by 99 MW. (https://www.enel.com/media/explore/search-press-releases/press/2025/07/enel-group-acquires-625-of-cetasa-increasing-its-consolidated-wind-capacity-inspain-by-99-mw)

7. Disclaimer

The information contained in this presentation does not purport to be comprehensive and has not been independently verified by any independent third party.

This presentation does not constitute a recommendation regarding the securities of the Company. This presentation does not contain an offer to sell or a solicitation of any offer to buy any securities issued by Enel S.p.A. or any of its subsidiaries.

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