Performance indicators of the EnBW Group

Financial and strategic performance indicators

in € million	2025	2024	+/- in %
in € million External revenue	2025 34,390.0	2024 34,524.4	+/- in % -0.4
in € million ^TOP Adjusted EBITDA	2025 5,072.3	2024 4,903.3	+/- in % 3.4
in € million ^TOP Share of adjusted EBITDA attributable to Sustainable Generation Infrastructure
in € million in € million	2025 2,292.6	2024 2,633.1	+/- in % -12.9
in € million in %	2025 45.2	2024 53.7	+/- in % –
in € million ^TOP Share of adjusted EBITDA attributable to System Critical Infrastructure			+/- in %
in € million in € million	2025 2,700.5	2024 2,243.1	+/- in % 20.4
in € million in %	2025 53.2	2024 45.8	+/- in % –
in € million ^TOP Share of adjusted EBITDA attributable to Smart Infrastructure for Customers
in € million in € million	2025 353.1	2024 323.9	+/- in % 9.0
in € million in %	2025 7.0	2024 6.6	+/- in % –
in € million ^TOP Share of adjusted EBITDA attributable to low-risk earnings in %	2025 75.7	2024 70.7	+/- in % –
in € million EBITDA	2025 4,729.8	2024 5,149.3	+/- in % -8.1
in € million Adjusted EBIT	2025 3,301.2	2024 3,177.8	+/- in % 3.9
in € million EBIT	2025 2,253.7	2024 2,838.1	+/- in % -20.6
in € million Adjusted Group net profitFußnote⁰In relation to the profit/loss attributable to the shareholders of EnBW AG.	2025 1,422.7	2024 1,504.0	+/- in % -5.4
in € million Group net profit/lossFußnote⁰In relation to the profit/loss attributable to the shareholders of EnBW AG.	2025 -206.8	2024 1,243.7	+/- in % –
in € million Earnings per share from Group net profit/loss (€)Fußnote⁰In relation to the profit/loss attributable to the shareholders of EnBW AG.	2025 -0.70	2024 4.59	+/- in % –
in € million Dividend per shareFußnote⁰For 2025, subject to approval from the ordinary Annual General Meeting on 07/05/2026.	2025 1.70	2024 1.60	+/- in % 6.3
in € million Retained CashflowFußnote⁰The figures for the previous year have been restated.	2025 3,315.0	2024 2,340.3	+/- in % 41.7
in € million ^TOP Debt repayment potential in %Fußnote⁰The figures for the previous year have been restated.Fußnote⁰For the calculation of the net debt and debt repayment potential, please refer to the section Business situation of the EnBW Group of the management report.	2025 25.2	2024 16.4	+/- in % –
in € million Net cash investment	2025 6,075.8	2024 5,196.7	+/- in % 16.9
in € million ^TOP Proportion of taxonomy-aligned expanded capex in %	2025 89.6	2024 88.8	+/- in % –
in € million Net debtFußnote⁰For the calculation of the net debt and debt repayment potential, please refer to the section Business situation of the EnBW Group of the management report.	2025 13,151.5	2024 14,244.1	+/- in % -7.7

Non-financial performance indicators

	2025	2024	+/- in %
Customers and society goal dimension
^TOP Reputation IndexFußnote⁰New calculation methodology from 2025.	2025 55	2024 55	+/- in % 0.0
^TOP Reputation Index (old)	2025 57	2024 56	+/- in % 1.8
^TOP EnBW Customer Satisfaction Index	2025 123	2024 123	+/- in % 0.0
^TOP Yello Customer Satisfaction Index	2025 170	2024 168	+/- in % 1.2
^TOP SAIDI Electricity in min/a (supply reliability)	2025 28.6	2024 13.6	+/- in % 110.3
Environment goal dimension
^TOP Installed output of renewable energies (RE) in GW	2025 7.4	2024 6.6	+/- in % 12.1
^TOP Share of the generation capacity attributable to RE in %	2025 65.6	2024 58.7	+/- in % 11.8
^TOP CO₂ intensity in g/kWhFußnote⁰The calculation for this performance indicator does not include the share of positive redispatch that cannot be controlled by EnBW. In the reporting year, this performance indicator includes generation volumes of 25,665 GWh (previous year: 23,307 GWh). The amount of CO₂ emissions from controllable electricity generation included in the performance indicator is 8,992 thousand t (previous year: 6,338 thousand t). We publish a five-year comparison of the performance indicators in our multi-year overview.	2025 353	2024 272	+/- in % 29.8
Employees goal dimension
^TOP People Engagement Index (employee engagement)Fußnote⁰Variations in the group of consolidated companies (all companies with more than 100 employees are considered [except for the independent transmission operators]).	2025 83	2024 83	+/- in % 0.0
^TOP LTIF energy (occupational safety)Fußnote⁰Newly fully consolidated companies are not included for a maximum transition period of three years.Fußnote⁰According to the new definition introduced in the 2025 financial year, LTIF energy (excluding waste management) and LTIF overall, which includes waste management, each cover the entire group of consolidated companies for the financial reports, including companies with less than 100 employees and excluding contractors.	2025 1.8	2024 2.6	+/- in % -30.8
^TOP LTIF overall (occupational safety)Fußnote⁰According to the new definition introduced in the 2025 financial year, LTIF energy (excluding waste management) and LTIF overall, which includes waste management, each cover the entire group of consolidated companies for the financial reports, including companies with less than 100 employees and excluding contractors.	2025 2.9	2024 4.0	+/- in % -27.5
^TOP LTIF for companies controlled by the Group (occupational safety)Fußnote⁰Newly fully consolidated companies are not included for a maximum transition period of three years.Fußnote⁰The LTIF for companies controlled by the Group excluding waste management and LTIF overall (old), which includes the area of waste management, only includes companies with more than 100 employees excluding external agency workers and contractors.	2025 1.7	2024 2.3	+/- in % -26.1
^TOP LTIF overall (old) (occupational safety)Fußnote⁰The LTIF for companies controlled by the Group excluding waste management and LTIF overall (old), which includes the area of waste management, only includes companies with more than 100 employees excluding external agency workers and contractors.	2025 2.9	2024 4.0	+/- in % -27.5
EmployeesFußnote⁰Number of employees excluding apprentices/trainees and inactive employees.Fußnote⁰Number of full-time equivalents: 29,728 (previous year: 28,597).	2025 31,541	2024 30,391	+/- in % 3.8
Proportion of women in management functions in %	2025 23.4	2024 22.5	+/- in % –

Financial and non-financial key performance indicators and targets

We monitor the implementation of our strategy by means of a holistic goal and performance management system. It comprises financial, strategic and non-financial goals and covers not only the dimensions of finance and strategy but also customers and society, environment and employees. The key performance indicators are used to measure the extent to which targets are achieved and to steer our company. Quantitative target values are currently set for the 2030 strategy horizon. We have achieved the financial and non-financial targets defined in the EnBW 2025 strategy almost in full. In many cases these targets were achieved ahead of plan or were exceeded by a large margin.

Finance goal dimension

Securing profitability. The adjusted EBITDA is the earnings before the investment and financial results, income taxes and amortization and adjusted for non-operating effects. Adjusted EBITDA is a key performance indicator for the finance goal dimension, while the key performance indicators for the strategy goal dimension, which describe the shares of adjusted EBITDA accounted for by the segments, are derived from it.
Managing the financial profile. The key performance indicator debt repayment potential is defined as the ratio of retained cash flow to net debt. The debt repayment potential measures the ability of EnBW to service its financial obligations from its ongoing earnings capacity. This performance indicator should enable us to achieve a controlled growth in earnings within the scope of our financial targets, while maintaining a solid investment-grade rating at the same time. It will ensure that the financial profile of EnBW complies with the quantitative requirements stipulated by the rating agencies.
Robust earnings potential. The share of adjusted EBITDA attributable to low-risk earnings is the sum of the adjusted EBITDA for the System Critical Infrastructure segment and the adjusted EBITDA for the Renewable Energies area in relation to the adjusted EBITDA for the EnBW Group. The external financing of the necessary investments is an essential part of our strategy. In contrast to some competitors, EnBW covers the entire value chain. Against this background, it is particularly important for the rating agencies, in the case of EnBW, to determine the share of low-risk activities.
Focus on the energy transition. The proportion of taxonomy-aligned expanded capex describes the taxonomy-aligned capex including the proportion for entities accounted for using the equity method (expanded capex) in relation to the total capex for the EnBW Group according to the definition in the EU taxonomy. The key performance indicator proportion of taxonomy-aligned expanded capex is the main performance indicator for environmentally sustainable investment by the EnBW Group. We use this key performance indicator because external financing is an important tool for successfully implementing our strategy. The EU taxonomy provides a central framework for the investment strategy of banks and investors who have a focus on sustainability. By reporting on sustainable investment both at our fully consolidated companies and also at entities accounted for using the equity method, we are placing great importance on the performance indicator “proportion of taxonomy-aligned expanded capex.”

Goal	Key performance indicator	2025	Target for 2025	Target for 2030
Goal Securing profitability	Key performance indicator Adjusted EBITDA in € billion	2025 €5.1 billion	Target for 2025 €3.2 billion	Target for 2030 €5.8 – €6.6 billionFußnote⁰As the scope of our gross investment has expanded following the capital increase, we have raised our target.
Goal Managing the financial profile	Key performance indicator Debt repayment potential	2025 25.2%	Target for 2025 ≥ 15%	Target for 2030 ≥ 15%
Goal Robustness of the earnings potential	Key performance indicator Share of adjusted EBITDA accounted for by low-risk earnings	2025 75.7%	Target for 2025 ≥ 70%	Target for 2030 ≥ 70%
Goal Focus on the energy transition	Key performance indicator Proportion of taxonomy-aligned expanded capex	2025 89.6%	Target for 2025 ≥ 85%	Target for 2030 ≥ 85%

Strategy goal dimension

We developed our EnBW 2025 strategy against the background of a changing energy market with the aim of exploiting the numerous, emerging growth opportunities. We are continuing to pursue our previous strategy by extending our strategic alignment and our targets with an outlook to 2030. In this context, we remain committed to maintaining our integrated approach, which lies at the heart of our strategy, because it has proven to be successful in the past and we believe it will also secure our success in the future. Adjusted EBITDA is a key performance indicator for the finance goal dimension, while the key performance indicators for the strategy goal dimension, which describe the shares of adjusted EBITDA attributable to the segments, are derived from it.

Goal	Key performance indicator	2025	Target for 2025	Target for 2030
Goal Share of result attributable to “Sustainable Generation Infrastructure"	Key performance indicator Share of overall adjusted EBITDA	2025 €2.3 billion/45.2%Fußnote⁰The sum of the three segments does not correspond to the adjusted EBITDA for the EnBW Group. €–273.9 million (–5.4%) is attributable to Other/Consolidation in the 2025 financial year. The target value for 2030 includes €–0.3 billion in Other/Consolidation.	Target for 2025 €1.3 billion/40.0%	Target for 2030 €2.1 – €2.4 billionFußnote⁰As the scope of our gross investment has expanded following the capital increase, we have raised our target.
Goal Share of result attributable to “System Critical Infrastructure”	Key performance indicator Share of overall adjusted EBITDA	2025 €2.7 billion/53.2%Fußnote⁰The sum of the three segments does not correspond to the adjusted EBITDA for the EnBW Group. €–273.9 million (–5.4%) is attributable to Other/Consolidation in the 2025 financial year. The target value for 2030 includes €–0.3 billion in Other/Consolidation.	Target for 2025 €1.3 billion/40.0%	Target for 2030 €3.4 – €3.7 billionFußnote⁰As the scope of our gross investment has expanded following the capital increase, we have raised our target.
Goal Share of result attributable to “Smart Infrastructure for Customers”	Key performance indicator Share of overall adjusted EBITDA	2025 €0.4 billion/7.0%Fußnote⁰The sum of the three segments does not correspond to the adjusted EBITDA for the EnBW Group. €–273.9 million (–5.4%) is attributable to Other/Consolidation in the 2025 financial year. The target value for 2030 includes €–0.3 billion in Other/Consolidation.	Target for 2025 €0.6 billion/20.0%	Target for 2030 €0.6 – €0.8 billionFußnote⁰As the scope of our gross investment has expanded following the capital increase, we have raised our target.

Customers and society goal dimension

Improving our reputation. In view of the profound changes happening in the energy landscape, a high level of social acceptance is a prerequisite for successful corporate development as an energy company. To determine the Reputation Index, people from the stakeholder groups relevant for the EnBW brand are asked about their impressions of the EnBW brand by an external market research institute.
Customer proximity. We use the key performance indicator Customer Satisfaction Index to assess the average satisfaction of private end customers for electricity over the year, which is directly linked to customer loyalty. The information is compiled using customer surveys about the two brands EnBW and Yello conducted by an external service provider.
Supply reliability. Supplying our customers with a secure and reliable supply of energy has the highest priority. We use SAIDI Electricity (System Average Interruption Duration Index) as a key performance indicator in this regard. It specifies the average duration of supply interruption in the electricity distribution grid experienced annually by each connected customer. SAIDI Electricity includes all unscheduled interruptions to supply that last more than three minutes for the end-user.

Goal	Key performance indicator	2025	Target for 2025	Target for 2030
Goal Reputation	Key performance indicator Reputation IndexFußnote⁰Amended calculation methodology with effect from 2025.	2025 55	Target for 2025 –	Target for 2030 58 – 62
Goal Reputation	Key performance indicator Reputation Index (old)	2025 57	Target for 2025 55-59	Target for 2030 –
Goal Customer proximity	Key performance indicator EnBW Customer Satisfaction Index	2025 123	Target for 2025 125 – 136	Target for 2030 148 – 157
Goal Customer proximity	Key performance indicator Yello Customer Satisfaction Index	2025 170	Target for 2025 148 – 159	Target for 2030 155 – 175
Goal Supply reliability	Key performance indicator SAIDI (electricity) in min/year	2025 28.6	Target for 2025 < 20	Target for 2030 < 20

Environment goal dimension

Expand renewable energies (RE). The installed output of renewable energies (RE) and the share of the generation capacity accounted for by RE are measures of the expansion of renewable energies and refer to the installed output of the power plants and not to their weather-dependent contribution to electricity generation.
Climate protection. The emissions of CO₂ from own generation of electricity for the Group, as well as the volume of own electricity generated, form the basis for the calculation of the key performance indicator CO₂ intensity. This performance indicator is calculated as the ratio between the emissions and the generated volume of electricity and thus specifically describes the amount of CO₂ released per kilowatt hour.

Goal	Key performance indicator	2025	Target for 2025	Target for 2030
Goal Expand Renewable Energies (RE)	Key performance indicator Installed output of RE in GW and the share of the generation capacity accounted for by RE	2025 7.4 GW 65.6%	Target for 2025 6.5 to 7.5 GW > 50%	Target for 2030 10.0 to 11.5 GW 75 – 80%
Goal Climate change mitigation	Key performance indicator CO₂ intensityFußnote⁰The calculation for this performance indicator does not include the share of positive redispatch that cannot be controlled by EnBW. In the reporting year, the performance indicator includes generation volumes of 25,665 GWh. The performance indicator includes CO₂ emissions from controllable electricity generation of 8,992 thousand t.	2025 353 g/kWh	Target for 2025 380 – 440 g/kWh	Target for 2030 90 – 110 g/kWh

Employees goal dimension

Employee engagement: The PEI expresses how engaged employees are in their work at EnBW. It is compiled at all companies with more than 100 employees (except for the Independent Transmission Operators) in the form of an employee survey carried out by an external, independent service provider. It is determined based on the first question of the standardized list of questions “How happy are you working for the EnBW Group and the companies in the Group?” It is a question that uses a rating scale from 1 (I do not agree at all) to 5 (I agree completely). The value determined is then converted to a scale of 0 to 100.
Occupational safety: The LTIF indicates how many work-related accidents, resulting in at least one day of absence, occurred per one million working hours performed. In the 2025 financial year, the existing LTIF performance indicators were supplemented by LTIF energy (excluding waste management) and LTIF overall (new), which includes waste management. As of 2026, LTIF overall (old) will be discontinued. According to the current definition, the calculation of LTIF overall (old) includes all companies with more than 100 employees. For the calculation of LTIF for companies controlled by the Group, those companies engaged in the area of waste management are excluded because the number of accidents deviates significantly from that in the core business in the energy industry. According to their new definitions, LTIF energy and LTIF overall cover the entire group of consolidated companies used for financial reporting, including companies with less than 100 employees.
Equal opportunities: The Proportion of women in management functions describes the proportion of female managers in relation to the total number of managers in the Group. It is being added as a key performance indicator in 2026. This performance indicator covers all management levels below the Board of Management and executive level.

Goal	Key performance indicator	2025	Target for 2025	Target for 2030
Goal Engagement of employees	Key performance indicator People Engagement Index (PEI)Fußnote⁰Variations in the group of consolidated companies (all companies with more than 100 employees are considered [except for the independent transmission operators]).	2025 83	Target for 2025 77-83	Target for 2030 77-83
Goal Occupational safety	Key performance indicator LTIF energyFußnote⁰Newly fully consolidated companies are not included for a maximum transition period of three years.Fußnote⁰LTIF energy (excluding waste management) and LTIF overall, which includes waste management, cover the entire group of consolidated companies for the financial reports, including companies with less than 100 employees and excluding contractors.	2025 1.8	Target for 2025 –	Target for 2030 ≤ 2
	Key performance indicator LTIF overallFußnote⁰LTIF energy (excluding waste management) and LTIF overall, which includes waste management, cover the entire group of consolidated companies for the financial reports, including companies with less than 100 employees and excluding contractors.	2025 2.9	Target for 2025 –	Target for 2030 ≤ 3.3
	Key performance indicator LTIF for companies controlled by the GroupFußnote⁰Newly fully consolidated companies are not included for a maximum transition period of three years.Fußnote⁰The LTIF for companies controlled by the Group excluding waste management and LTIF overall (old), which includes waste management, only include companies with more than 100 employees excluding external agency workers and contractors.	2025 1.7	Target for 2025 2.1	Target for 2030 –
	Key performance indicator LTIF overall (old)Fußnote⁰The LTIF for companies controlled by the Group excluding waste management and LTIF overall (old), which includes waste management, only include companies with more than 100 employees excluding external agency workers and contractors.	2025 2.9	Target for 2025 3.5	Target for 2030 –
Goal Equal opportunities	Key performance indicator Proportion of women in management functionsFußnote⁰Will be a key performance indicator relevant for the management of the company from 2026.	2025 23.4%	Target for 2025 –	Target for 2030 30%

Performance indicators comparison

Use interactive graphs to compare EnBW's key performance indicators and target values.

Finance and strategy

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 86.

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 86 f.

Year	Debt repayment potential
2021	17.2
2022	29.7
2023	41.3
2024	16.0
2025	25.2

The figures for the 2024 financial year have been restated.

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 97.

Year	Share of adjusted EBITDA accounted for by low-risk earnings
2021
2022
2023	55.3
2024	70.7
2025	75.7

New key performance indicator since the 2024 reporting year. No figures are available for the comparative periods 2021 and 2022.

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 87.

Year	Proportion of taxonomy-aligned expanded capex
2021
2022
2023	86.5
2024	88.8
2025	89.6

New key performance indicator since the 2024 reporting year. No figures are available for the comparative periods 2021 and 2022.

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 95.

Customers and society

	Reputation Index
2021
2022
2023
2024	55
2025	55

New calculation methodology from 2025. No figures are available for the comparative periods 2021 to 2023.

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 100.

	EnBW	Yello
2021	127	159
2022	139	166
2023	130	161
2024	123	168
205	123	170

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 101.

Jahr	SAIDI (electricity) in min/year
2021	15.8
2022	16.6
2023	19.3
2024	13.6
2025	28.6

SAIDI: System Average Interruption Duration Index. SAIDI Electricity states the average duration of supply interruptions per end consumer per year and includes all unscheduled interruptions to supply that last more than three minutes.

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 102.

Environment

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 103.

Year	Share of the generation capacity accounted for by RE
2021	40.1
2022	41.7
2023	54.9
2024	58.7
2025	65.6

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 103.

Year	CO₂ intensity
2021	478
2022	491
2023	319
2024	272
2025	353

The calculation for this performance indicator does not include the share of positive redispatch that cannot be controlled by EnBW. In the reporting year, the performance indicator includes generation volumes of 25,665 GWh (previous year: 23,307 GWh). The performance indicator includes CO₂ emissions from controllable electricity generation of 8,992 thousand t (previous year: 6,338 thousand t).

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 104.

Employees

	PEI
2021	82
2022	81
2023	82
2024	83
2025	83

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 105.

	LTIF energy
2021
2022
2023
2024	2.6
2025	1.8

LTIF: Lost Time Injury Frequency. We use the LTIF key performance indicators to measure the number of work-related accidents and the resulting days of absence. For the calculation of LTIF energy, those companies engaged in the area of waste management are excluded because the number of accidents deviates significantly from that in the core business in the energy industry. LTIF energy has only been reported since 2025. No figures are available for the comparative periods 2021 to 2023.

An explanation of the development of this performance indicator in the 2025 financial year can be found in the Annual Report 2025 on p. 105 f.

Multi-year overview

Financial and strategic performance indicators

EnBW Group		2025	2024	2023	2022	2021
EnBW Group Earnings
EnBW Group External revenue	in € million	2025 34,390	2024 34,524	2023 44,431	2022 56,003	2021 32,148
EnBW Group ^TOP Adjusted EBITDA	in € million	2025 5,072	2024 4,903	2023 6,365	2022 3,967	2021 2,959
EnBW Group ^TOP Share of adjusted EBITDA accounted for by low-risk earningsFußnote⁰New key performance indicator since the 2024 reporting year	in %	2025 75.7	2024 70.7	2023 55.3	2022 –	2021 –
EnBW Group EBITDA	in € million	2025 4,730	2024 5,149	2023 5,738	2022 4,473	2021 2,804
EnBW Group Adjusted EBIT	in € million	2025 3,301	2024 3,178	2023 4,679	2022 2,352	2021 1,403
EnBW Group EBIT	in € million	2025 2,254	2024 2,838	2023 3,341	2022 2,141	2021 159
EnBW Group Adjusted Group net profitFußnote⁰In relation to the profit/loss attributable to the shareholders of EnBW AG.	in € million	2025 1,423	2024 1,504	2023 2,780	2022 1,413	2021 1,203
EnBW Group Group net profit/lossFußnote⁰In relation to the profit/loss attributable to the shareholders of EnBW AG.	in € million	2025 -207	2024 1,244	2023 1,538	2022 1,738	2021 363
EnBW Group Earnings per share from Group net profit/lossFußnote⁰In relation to the profit/loss attributable to the shareholders of EnBW AG.	in €	2025 -0.70	2024 4.59	2023 5.68	2022 6.42	2021 1.34
EnBW Group Dividend per shareFußnote⁰For 2025, subject to approval from the ordinary Annual General Meeting on 07/05/2026.	in €	2025 1.70	2024 1.60	2023 1.505	2022 1.10	2021 1.10
EnBW Group Balance sheet
EnBW Group Non-current assets	in € million	2025 45,443	2024 41,382	2023 36,618	2022 33,618	2021 31,544
EnBW Group Total assets	in € million	2025 67,429	2024 64,278	2023 64,719	2022 69,504	2021 71,273
EnBW Group Equity	in € million	2025 21,676	2024 17,768	2023 15,853	2022 12,769	2021 8,499
EnBW Group Equity ratio	in %	2025 32.1	2024 27.6	2023 24.5	2022 18.4	2021 11.9
EnBW Group Net debtFußnote⁰For the calculation of the net debt and debt repayment potential, please refer to the section “Business situation of the EnBW Group” of the management report.	in € million	2025 13,152	2024 14,244	2023 11,703	2022 10,847	2021 10,351
EnBW Group Cash flow
EnBW Group Retained cash flowFußnote⁰The figures for the previous year have been restated.	in € million	2025 3,315	2024 2,340	2023 4,832	2022 3,217	2021 1,784
EnBW Group ^TOP Debt repayment potentialFußnote⁰For the calculation of the net debt and debt repayment potential, please refer to the section “Business situation of the EnBW Group” of the management report.Fußnote⁰The figures for the previous year have been restated.	in %	2025 25.2	2024 16.4	2023 41.3	2022 29.7	2021 17.2
EnBW Group Capital expenditure
EnBW Group Net cash investment	in € million	2025 6,076	2024 5,197	2023 2,740	2022 2,768	2021 2,471
EnBW Group ^TOP Proportion of taxonomy-aligned expanded capexFußnote⁰New key performance indicator since the 2024 reporting year	in %	2025 89.6	2024 88.8	2023 86.5	2022 –	2021 –
EnBW Group Sales
EnBW Group Electricity	in billion kWh	2025 89	2024 88	2023 81	2022 106	2021 108
EnBW Group Gas	in billion kWh	2025 367		2023 548	2022 509	2021 495
EnBW Group Sustainable Generation Infrastructure
EnBW Group ^TOP Adjusted EBITDA	in € million	2025 2,293	2024 2,633	2023 4,648	2022 2,616	2021 1,540
EnBW Group External revenue	in € million	2025 13,954	2024 14,059	2023 20,832	2022 30,543	2021 13,804
EnBW Group System Critical Infrastructure
EnBW Group ^TOP Adjusted EBITDA	in € million	2025 2,701	2024 2,243	2023 1,772	2022 1,058	2021 1,263
EnBW Group External revenue	in € million	2025 7,074	2024 6,382	2023 6,328	2022 6,697	2021 4,413
EnBW Group Smart Infrastructure for Customers
EnBW Group ^TOP Adjusted EBITDA	in € million	2025 353	2024 324	2023 240	2022 498	2021 344
EnBW Group External revenue	in € million	2025 13,330	2024 14,045	2023 17,249	2022 18,755	2021 13,924

Non-financial performance indicators

		2025	2024	2023	2022	2021
Customers and society goal dimension
^TOP Reputation IndexFußnote⁰New calculation methodology from 2025. No figures are available for the comparative periods 2023 to 2021.		2025 55	2024 55	2023 –	2022 –	2021 –
^TOP Reputation Index (old)		2025 57	2024 56	2023 55	2022 58	2021 55
^TOP EnBW Customer Satisfaction Index		2025 123	2024 123	2023 130	2022 139	2021 127
^TOP Yello Customer Satisfaction Index		2025 170	2024 168	2023 161	2022 166	2021 159
^TOP SAIDI Electricity in min/a (supply reliability)		2025 28.6	2024 13.6	2023 19.3	2022 16.6	2021 15.8
Environment goal dimension
^TOPInstalled output of renewable energies (RE)Fußnote⁰The calculation for this performance indicator does not include the share of positive redispatch that cannot be controlled by EnBW.	in GW	2025 7.4	2024 6.6	2023 6.3	2022 5.4	2021 5.1
^TOP Share of the generation capacity accounted for by RE	in %	2025 65.6	2024 58.7	2023 54.9	2022 41.7	2021 40.1
^TOP CO₂ intensityFußnote⁰The calculation for this performance indicator does not include the share of positive redispatch that cannot be controlled by EnBW.Fußnote⁰Including partly owned power plants.	in g/kWh	2025 353	2024 272	2023 319	2022 491	2021 478
Proportion of total external revenue attributable to coal-fired power generationFußnote⁰The current figures are not comparable with earlier figures due to a change in the calculation method and the reallocation of our pumped storage power plants. The energy consumption figures now include all pumped storage power plants, including those over which we have operational control. Only the fully consolidated pumped storage power plants were previously included.	in %	2025 4.9	2024 4.3	2023 3.3	2022 3.8	2021 –
Own electricity generationFußnote⁰Including partly owned power plants.Fußnote⁰The generation volumes are reported without the non-controllable volumes for redispatch deployment.	in GWh	2025 25,665	2024 23,307	2023 24,724	2022 42,084	2021 42,399
Total final energy consumptionFußnote⁰The current figures are not comparable with earlier figures due to a change in the calculation method and the reallocation of our pumped storage power plants. The energy consumption figures now include all pumped storage power plants, including those over which we have operational control. Only the fully consolidated pumped storage power plants were previously included.Fußnote⁰Includes final energy consumption for generation excluding the use of primary energy and without electricity and heat generation losses and including pump energy, energy consumption of grid facilities (electricity, gas and water) without grid losses, energy consumption of buildings and vehicles.	in GWh	2025 3,381	2024 3,167	2023 2,725	2022 1,072	2021 1,019
Proportion of RE in total final energy consumptionFußnote⁰The current figures are not comparable with earlier figures due to a change in the calculation method and the reallocation of our pumped storage power plants. The energy consumption figures now include all pumped storage power plants, including those over which we have operational control. Only the fully consolidated pumped storage power plants were previously included.Fußnote⁰The figures for the previous year have been restated.Fußnote⁰For electricity consumption for which the proportion of renewable energies is unknown, the Bundesmix (federal mix) label for electricity of the respective reporting year is assumed. For fuels, a proportion of 5 % bioethanol is generally assumed.	in %	2025 78.6	2024 77.6	2023 68.0	2022 20.2	2021 20.2
Total energy consumptionFußnote⁰Total energy consumption contains fuel consumption including the use of primary energy in our generation plants. This performance indicator has only been reported since 2023. No figures are available for the comparative periods 2021 and 2022.	in GWh	2025 40,098	2024 32,015	2023 37,594	2022 –	2021 –
Proportion of RE in total energy consumptionFußnote⁰Total energy consumption contains fuel consumption including the use of primary energy in our generation plants. This performance indicator has only been reported since 2023. No figures are available for the comparative periods 2021 and 2022.	in %	2025 9.4	2024 11.5	2023 8.5	2022 –	2021 –
Direct CO₂ emissions (Scope 1)	in million t CO₂eq	2025 11.7	2024 8.9	2023 10.9	2022 17.5	2021 16.4
Inirect CO₂ emissions (Scope 2)Fußnote⁰Market-based logic. According to the location-based logic, the Scope 2 emissions were 1,302 thousand t CO₂eq in 2025.	in million t CO₂eq	2025 0.7	2024 0.7	2023 0.8	2022 0.5	2021 0.4
Upstream indirect CO₂ emissions (Scope 3)Fußnote⁰The figures for the previous year have been restated.	in million t CO₂eq	2025 6.9	2024 7.7	2023 10.6	2022 5.9	2021 8.9
Downstream indirect CO₂ emissions (Scope 3)Fußnote⁰The figures for the previous year have been restated.	in million t CO₂eq	2025 24.8	2024 22.2	2023 23.4	2022 31.8	2021 52.0
CO₂ emissions avoidedFußnote⁰Through the expansion of renewable energies, energy efficiency projects at the sites of customers/partners and the generation and sale of biogas.	in million t CO₂eq	2025 9.7	2024 10.8	2023 9.9	2022 10.0	2021 9.8
SO₂ intensity of own electricity generationFußnote⁰The calculation for this performance indicator does not include the share of positive redispatch that cannot be controlled by EnBW.Fußnote⁰Including partly owned power plants.	in mg/kWh	2025 112	2024 119	2023 206	2022 259	2021 233
NO_x intensity of own electricity generationFußnote⁰The calculation for this performance indicator does not include the share of positive redispatch that cannot be controlled by EnBW.Fußnote⁰Including partly owned power plants.	in mg/kWh	2025 205	2024 169	2023 211	2022 286	2021 269
Carbon monoxide (CO) intensity of own electricity generationFußnote⁰The calculation for this performance indicator does not include the share of positive redispatch that cannot be controlled by EnBW.	in mg/kWh	2025 32.9	2024 38.7	2023 30.6	2022 22.2	2021 27.5
Particulate matter (total) intensity of own electricity generationFußnote⁰The calculation for this performance indicator does not include the share of positive redispatch that cannot be controlled by EnBW.	in mg/kWh	2025 4.0	2024 2.8	2023 2.6	2022 5.7	2021 5.1
Waste water intensityFußnote⁰Including partly owned power plants.	in l/kWh	2025 25.3	2024 22.8	2023 28.0	2022 30.2	2021 –
Water withdrawal intensity	in l/kWh	2025 25.8	2024 23.2	2023 28.4	2022 30.9	2021 29.6
Water consumptionFußnote⁰Includes evaporation and wastewater.	in million m³	2025 12	2024 9	2023 14	2022 37	2021 35
Total amount of waste generatedFußnote⁰The figures for the previous year have been restated.	in t	2025 805,374	2024 866,465	2023 960,561	2022 656,682	2021 671,629
Total amount of hazardous wasteFußnote⁰The figures for the previous year have been restated.	in t	2025 69,737	2024 66,260	2023 69,007	2022 65,457	2021 69,505
Total amount of non-hazardous wasteFußnote⁰The figures for the previous year have been restated.	in t	2025 735,702	2024 800,404	2023 891,554	2022 591,225	2021 602,124
Generation-dependent waste	in t	2025 447,886	2024 425,473	2023 –	2022 –	2021 –
Waste recovery rate	in t	2025 97	2024 97	2023 96	2022 96	2021 96
Coverage ISO 14001 or EMASFußnote⁰Measured in % of employees.	in %	2025 76.8	2024 75.8	2023 74.8	2022 78.2	2021 73.3
Coverage ISO 50001Fußnote⁰Measured in % of employees.	in %	2025 56.2	2024 51.9	2023 50.8	2022 47.8	2021 43.5

Non-financial performance indicators

		2025	2024	2023	2022	2021
Employees goal dimension
^TOP People Engagement Index (PEI)Fußnote⁰Variations in the group of consolidated companies (all companies with more than 100 employees are considered [except for the independent transmission operators]).		2025 83	2024 83	2023 82	2022 81	2021 82
^TOP LTIF energy (occupational safety)Fußnote⁰Newly fully consolidated companies are not included for a maximum transition period of three years.Fußnote⁰LTIF energy (excluding waste management) and LTIF overall, which includes waste management, each cover the entire group of consolidated companies for the financial reports, including companies with less than 100 employees and excluding contractors. These performance indicators have only been reported since 2025. No figures are available for the comparative periods 2021 to 2023.		2025 1.8	2024 2.6	2023 –	2022 –	2021 –
^TOP LTIF overall (occupational safety)Fußnote⁰LTIF energy (excluding waste management) and LTIF overall, which includes waste management, each cover the entire group of consolidated companies for the financial reports, including companies with less than 100 employees and excluding contractors. These performance indicators have only been reported since 2025. No figures are available for the comparative periods 2021 to 2023.		2025 2.9	2024 4.0	2023 –	2022 –	2021 –
^TOP LTIF for companies controlled by the Group (occupational safety)Fußnote⁰Newly fully consolidated companies are not included for a maximum transition period of three years.Fußnote⁰The LTIF for companies controlled by the Group excluding waste management and LTIF overall (old), which includes the area of waste management, only includes companies with more than 100 employees excluding external agency workers and contractors.		2025 1.7	2024 2.3	2023 2.4	2022 2.6	2021 2.3
^TOP LTIF overall (old) (occupational safety)Fußnote⁰The LTIF for companies controlled by the Group excluding waste management and LTIF overall (old), which includes the area of waste management, only includes companies with more than 100 employees excluding external agency workers and contractors.		2025 2.9	2024 4.0	2023 3.7	2022 4.1	2021 3.3
Number of employees overallFußnote⁰Number of full-time equivalents: 29,728 (2024: 28,597, 2023: 26,943, 2022: 25,339, 2021: 24,519).		2025 31,541	2024 30,391	2023 28,630	2022 26,980	2021 26,064
Employees by region (Germany)	in %	2025 89.1	2024 88.9	2023 89.4	2022 89.8	2021 90.0
Employees by region (outside Germany)	in %	2025 10.9	2024 11.1	2023 10.6	2022 10.2	2021 10.0
Number of work-related fatalities (employees)		2025 0	2024 0	2023 0	2022 1	2021 2
Proportion of female employees	in %	2025 29.4	2024 29.1	2023 28.4	2022 27.8	2021 27.7
Proportion of women in management positions at highest level below the Board of Management	in %	2025 23.4	2024 22.5	2023 20.8	2022 19.5	2021 18.1
Rate of employee turnover overallFußnote⁰There are no mass redundancies included in the stated figures. There have been no compulsory redundancies at EnBW during this period.	in %	2025 7.6	2024 8.0	2023 9.3	2022 7.9	2021 6.2
Gender pay gap, the difference of average pay levels between female and male employeesFußnote⁰Performance indicator has been restated. No figures are available for the comparative periods 2021 to 2023.	in %	2025 15.4	2024 15.6	2023 –	2022 –	2021 –
Average number of training hours per employeeFußnote⁰From the 2025 fiscal year onwards, the key figure will be reported in hours.	in hours	2025 44.0	2024 –	2023 –	2022 –	2021 –
Training in basic compliance knowledgeFußnote⁰Includes training on topics such as the contents of the Code of Conduct, other regulations, corruption prevention, conflicts of interest, dealing with competitors, business partner screening, and the whistleblower system.	in %	2025 82.7	2024 –	2023 –	2022 –	2021 –

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