ENIC · Enel Chile S.A.

Enel Chile S.A. announced consolidated results for the period ended March 31, 2026, showing net income attributable to shareholders of US$162 million, a 7.0% decline from the prior year, primarily driven by a deteriorated financial result. The financial result worsened to an expense of US$78 million from US$26 million, attributed to lower foreign exchange gains and higher financial expenses, which offset operational improvements. Operating revenues rose 8.7% to US$1,198 million, supported by stronger performance in the Generation segment, while procurement and services costs increased 4.8% to US$682 million. This led to robust EBITDA growth of 15.8% to US$423 million. In Generation, revenues climbed 12.2% to US$874 million with EBITDA up 22.0% to US$386 million, despite a 2.4% drop in net generation to 5,446 GWh due to lower hydroelectric output, partially offset by higher solar and combined-cycle production. Physical sales fell 2.1% to 7,878 GWh. The Distribution & Networks segment saw stable revenues at US$432 million and sales at 3,653 GWh, but EBITDA declined to US$41 million from higher procurement costs and energy losses rising to 6.7% from 5.8%, with customer count up 1.1% to 2,194,139. Balance sheet highlights include gross financial debt at US$3,882 million, up US$41 million from December 2025 due to a US$50 million drawdown on a CAF credit line, offset by lease liability reductions. Liquidity remains solid with US$454 million in cash and US$640 million in committed lines, and average debt cost steady at 4.9%. Additionally, on April 1, 2026, construction began on the Azabache BESS project via Enel Green Power Chile, adding 94 MW capacity and 372 MWh storage to a hybrid solar-wind site. Regulatory updates note ongoing stabilization mechanisms under Laws 21,185, 21,472, and 21,667, with receivable limits reached and recovery timelines extended to 2035. A functional currency change to USD effective January 1, 2025, reflects reduced exchange rate exposure from non-regulated contracts.