Enel: activities in Spain and Latin America support growth in the first quarter of 2026. Confirmed the growth targets presented at Capital Markets Day in February

· Revenues: 20,588 million euros (22,074 million euros in the first quarter of 2025, -6.7%)

­ The change is mainly due to the reduction of revenues in Italy, as a result of the lower electricity quantities sold and of the lower average prices applied to end customers, as well as of the lower volumes traded in the wholesale market

· Ordinary EBITDA: 6,003 million euros (5,797 [1] million euros in the first quarter of 2025, +3.6%)

­ The positive performance mainly recorded in Spain and Latin America more than offset lower margins in Italy

· Group net ordinary income: 1,941 million euros (1,868 [2] million euros in the first quarter of 2025, +3.9%)

­ The increase is attributable to the positive performance of ordinary operations, as registered at the EBITDA level, to the improved contribution of Stewardships active in the renewable energy sector (Greece, South Africa and Australia), and to the containment of the cost of debt, partially offset by higher taxes

· Group net ordinary earnings per share (EPS): 0.20 [3] euros in the first quarter of 2026 (0.18 [4] euros in the first quarter of 2025, +6.2%)

· Net financial debt: 57,830 million euros (57,182 million euros at 2025 year-end, +1.1%)

­ The cash flows generated by operations and the effects of new issues of non-convertible, subordinated perpetual hybrid bonds met the financial needs associated with capital expenditure in the period, with the payment of dividends, with the purchase by Enel S.p.A. and Endesa S.A. of treasury shares as part of buyback programs and with extraordinary transactions. The increase in debt is attributable to the exchange rate effect

[1] First quarter 2025 data restated for managerial purposes net of the positive impact of the fair value measurement of the commodity portfolio, due to a particularly favorable market scenario in the period (5,974 million euros including these effects).

[2] First quarter 2025 data restated for managerial purposes net of the positive impact of the fair value measurement of the commodity portfolio, due to a particularly favorable market scenario in the period (2,003 million euros including these effects).

[3] Calculated on the basis of the number of shares into which the share capital is currently divided, net of the 229,131,050 shares already purchased under Enel S.p.A.’s share buyback programs, which were executed in order to pay shareholders a remuneration in addition to the distribution of dividends as a result of the cancellation of treasury shares purchased for this purpose.

[4] First quarter 2025 data restated for managerial purposes net of the positive impact of the fair value measurement of the commodity portfolio, due to a particularly favorable market scenario in the period (0.20 euros per share including these effecale”.