E.ON Reports 5% Rise in H1 2026 Adjusted Net Income to €1.9 Billion

E.ON SE reported a 5% year-on-year increase in adjusted Group net income to €1.9 billion for the first half of 2026, compared with €1.8 billion in H1 2025. Adjusted Group EBITDA also increased 1% to €5.4 billion from €5.3 billion a year earlier, supported by investment-led growth and strong operational performance.

The company reaffirmed its full-year 2026 guidance, including adjusted Group EBITDA of €9.4 billion to €9.6 billion and adjusted Group net income of €2.7 billion to €2.9 billion. E.ON expects adjusted earnings per share to range between €1.03 and €1.11 for the year.

E.ON invested €3 billion during the first six months of 2026, primarily in energy infrastructure, digitalization, and customer solutions. The company maintained its full-year investment target of approximately €8.7 billion, with investments expected to accelerate during the remainder of the year following weather-related delays in the first half.

The Energy Networks division recorded adjusted EBITDA of more than €3.8 billion, broadly stable compared with H1 2025. The company invested approximately €2.3 billion in the division, focusing on new grid connections, distribution network expansion and digitalization. In Germany, E.ON delivered more than 130,000 new grid connections and integrated over 5 GW of additional renewable generation capacity into its networks during the period.

Energy Infrastructure Solutions reported a 19% increase in adjusted EBITDA to approximately €390 million, compared with around €330 million in H1 2025. Growth was driven primarily by the industrial customer business in Germany and new projects becoming operational.

Energy Retail recorded adjusted EBITDA of €1.2 billion, slightly below the €1.3 billion reported in the first half of 2025. E.ON attributed the decline mainly to structural effects in Germany, while customer-management improvements and positive developments in its UK residential business supported performance.

Within Energy Infrastructure Solutions, E.ON invested approximately €360 million, primarily in integrated energy solutions for cities, municipalities and industrial customers. Investments included battery storage systems, heating and district energy solutions, and smart meter infrastructure.

Energy Retail increased investments by 6% to approximately €240 million, with spending focused on customer-business digitalization and the expansion of e-mobility charging infrastructure across Europe. The company is also developing flexibility solutions integrating electric vehicles, battery storage and heat pumps, including bidirectional charging.

E.ON said demand for grid connections from battery storage projects, data centers and electrified applications is increasing across Europe. The company expects continued investment in grid infrastructure, flexibility and digital solutions to support the region’s energy transition and growing electrification.