Energa stock: ORLEN takes full control as delisting process advances

Published on 10/22/2026 at 05:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ORLEN acquired 32,299,946 Energa shares on October 5, 2026. For Energa stock, the next report is due November 5, 2026.

Ownership and reporting timetable

ORLEN held 100 percent of Energa's share capital after the October 5, 2026 buyout.
First-half 2026 revenue reached PLN 11.2 billion, while net income rose 56 percent year over year.
Energa's third-quarter 2026 report is scheduled for November 5, 2026.

Energa, PLENERG00022, Illustration mit AI erstellt.

Energa (ISIN PLENERG00022) is moving toward the end of its public-market life after ORLEN acquired 32,299,946 remaining shares on October 5, 2026. According to Energa, ORLEN now holds 100 percent of the share capital and 100 percent of the voting rights, setting the key condition for a delisting process.

ORLEN reaches full ownership

The ownership change completes the squeeze-out of minority shareholders. The official Energa report dated October 6, 2026 states that ORLEN owns 690,111,856 shares and controls 835,039,856 votes after the settlement.

The compulsory buyout had been announced at PLN 27.60 per share. 300energia reported on October 6, 2026 that the transaction was intended to remove Energa from the Warsaw Stock Exchange after the remaining corporate and registration steps.

What does the timetable mean?

The next measurable milestone is the financial report. Bankier.pl reported on October 2, 2026 that Energa moved publication of its third-quarter 2026 report forward from November 19 to November 5, 2026.

That report will be read against a stronger first half. In the six months ended June 30, 2026, revenue reached PLN 11.2 billion, EBITDA stood at PLN 2.7 billion and net income was PLN 1.3 billion. Compared with the first half of 2025, the three figures increased 3 percent, 25 percent and 56 percent, respectively, according to Business Insider.

Delisting changes the investor question

Energa remains an electricity utility with distribution, generation and sales activities, but the ownership result shifts attention from daily price discovery to the timetable for leaving the exchange. The November report can still add operating detail, particularly on distribution investment and renewable generation, before the public listing reaches its final administrative stage.

Energa is listed on the Warsaw Stock Exchange under ticker ENG. Its first-half figures provide the operating benchmark for the next report, while ORLEN's full ownership defines the corporate backdrop.