ESB has announced annual pre-tax profits of €636 million, a €70 million drop from last year, blamed on the impact of Storm Éowyn in January 2025.
Key Financial Highlights also include:
- Record capital investment of €2.7bn (including joint ventures) in critical energy infrastructure – €4 was invested in capital projects for every €1 of Profit after Tax earned
- €3.4bn contribution to the Irish economy in 2025 through payroll, taxes, dividends and purchases from domestic suppliers. Proposed dividend of €149m
- Continued financial strength underpins sustained capital investment – forecasted at approx. €20bn over the next five years with up to €16bn directed to electricity networks on the island of Ireland
- Carbon intensity of ESB’s power generation continues to fall – down 53% against 2005 baseline
Commenting on today’s results, Paul Stapleton, ESB’s Chief Financial Officer, said: “The results that we are announcing today reflect ESB’s continued commitment to delivering substantial investment in critical energy infrastructure for our economy, our society and our customers. We are rising to that challenge in the context of housing connections and economic growth, climate change, and our net zero carbon ambitions.
“Our 2025 financial performance has enabled us to deliver a record capital investment of €2.7bn in critical energy infrastructure, while retaining the financial strength to invest at even greater scale in the years ahead.”
ESB’s growing capital investment programme is designed to develop and decarbonise the energy system by connecting renewables, adding capacity for economic and social development, and ensuring safe, secure and reliable electricity supplies in the face of more frequent extreme weather events. ESB plans to further accelerate this investment to help underpin a more secure energy future, powered by clean electricity, notably through the PR6 capital programme by ESB Networks, the corresponding RP7 programme by NIE Networks, and investments in solar, onshore and offshore wind generation.
There were over 38,000 residential connections made by ESB Networks in 2025, up 18% on 2024. The period also saw notable landmark milestones for ESB Group in the transition towards net zero carbon emissions, surpassing over two million smart meters installed in Ireland and the historic ending of generation using coal at Moneypoint power station as part of the longer-term transformation of the Co Clare site into a renewable energy hub.
ESB Group also secured the rights to develop the 900MW Tonn Nua offshore wind project off the coast of Waterford with Ørsted, while ESB’s growing solar portfolio includes 700MW currently in development. ESB is also investing in people, with employee numbers growing to over 10,000 in 2025.
Paul Stapleton, added: “Given events internationally, wholesale energy prices have been volatile and remain at higher levels than those seen before the 2022/23 energy crisis. Electric Ireland cut gas prices in 2025 and was able to maintain electricity prices for its 1.1 million residential customers last winter, at a time when many competitors increased theirs. We remain very mindful of the burden that continued elevated energy prices place on customers and are committed to doing everything in our power to support them.”
ESB’s 2025 Financial Statements are available here: www.esb.ie/ir. An Irish language version of our Financial Statements is available to view at the same link.