NASDAQ$ENLT

Enlight Renewable Energy Ltd · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Enlight reported strong fourth quarter 2025 results with significant revenue and earnings growth driven by newly operational projects.

Enlight generated $152360000 in total revenues and income in Q4 2025, up 46% year over year, with net income of $21073000 and operating profit of $53397000. Adjusted EBITDA increased 51% to $98583000, supported by contributions from newly connected projects.

  • Total revenues and income rose 46% year over year to $152360000.
  • Net income increased to $21073000, up 153% year over year.
  • Operating profit reached $53397000 in the quarter.
  • Adjusted EBITDA grew 51% to $98583000.

Headline financials

Total Revenue

$152M

Previous: $93.3M+63.2%
EPS (adj)

$0.11

Previous: $0.04+175.0%
Adjusted EBITDA

$98.6M

No prior period
Cash Flow from Operations

$74.6M

No prior period
Net Income

$21.1M

Previous: $5.16M+308.7%
Operating Income

$53.4M

Previous: $19.9M+168.2%
Gross Profit

$114M

Previous: $34.3M+232.1%

Revenue & EPS history

Enlight · Revenue · Quarterly

$152M

Q4 2025+63.2%vs Q4 2024
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Forward guidance

For 2026, Enlight expects total revenues and income between $755000000 and $785000000 and adjusted EBITDA between $545000000 and $565000000, reflecting continued portfolio expansion and project commissioning.

Tailwinds

  • Revenue guidance of $755000000 to $785000000 for 2026.
  • Adjusted EBITDA expected between $545000000 and $565000000.
  • Approximately 90% of 2026 electricity volumes secured under fixed-price PPAs or hedges.
  • Expected commissioning of 1.1 FGW adding approximately $137000000 annualized revenues.
  • Portfolio expected to reach 10.4 to 11.4 FGW operational and under construction by end of 2026.

Headwinds

  • Execution risk tied to large-scale project construction.
  • Exposure to foreign exchange rate fluctuations.
  • Dependence on regulatory approvals and grid interconnections.
  • Potential cost overruns in project development.
  • Macroeconomic and financing market uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 13 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+4.5%

Avg return

Earnings day

+4.3%

Avg return

5 days after

+8.6%

Avg return

30 days after

85%

11 / 13 earnings

Positive

+16.8%

Q4 2025

Best reaction

-4.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%+2.0%+6.8%
Q4 2025+16.8%+8.0%+18.5%
Q3 2025+7.8%+3.6%+6.3%
Q2 2025+2.5%+3.5%+25.6%
Q1 2025+4.9%+11.8%+21.2%
Q4 2024+4.2%-0.9%-5.2%
Q3 2024+8.1%+8.3%+5.3%
Q2 2024+8.2%+7.0%+4.4%
Q1 2024+4.6%+4.8%-2.6%
Q4 2023-2.7%-0.1%+0.1%
Q3 2023+3.1%+8.2%+28.5%
Q2 2023-4.7%-9.3%-9.0%
Q1 2023+3.2%+9.0%+12.6%
Q4 2022
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Q4 2013
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Q1 2013

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