The following is an excerpt from the full press release. For the full release, including disclosures, visit https://enlightenergy.co.il/data/financial-reports/

TEL AVIV, ISRAEL, May 5, 2026 – Enlight Renewable Energy (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the quarter ended March 31, 2026.

Financial Highlights

• Total revenues and income¹ of $200 million, an increase of 54% compared to the same period last year.
• Net income of $38 million, compared to $102 million in the same period last year. Excluding a gain of approximately $81 million from the sale of a 44% stake in the Sunlight cluster and deconsolidation in the first quarter of 2025, net income increased by approximately 76%, compared to net income of approximately $21 million in the first quarter of 2025.
• Adjusted EBITDA² of $154 million, compared to $132 million in the same period last year. Excluding a gain of approximately $42 million from the sale of a 44% stake in the Sunlight cluster in the first quarter of 2025 and a gain of approximately $12 million from a follow-on transaction for the sale of an additional 11% stake in the current quarter, Adjusted EBITDA totaled $142 million, compared to $89 million in the same period last year, an increase of 58%.
• Cash flow from operating activities³ of $100 million, an increase of 58% compared to the same period last year.
• The Company reaffirms its 2026 guidance of total revenues and income⁴ in the range of $755 million to $785 million, representing 32% growth compared to 2025, and Adjusted EBITDA in the range of $545 million to $565 million, representing 27% growth compared to 2025.

Adi Leviatan, CEO of Enlight Renewable Energy: “2026 is off to a strong start, reflected in consistent and impressive over 50% growth across Enlight’s financial metrics. The Company improved output and achieved key milestones, despite geopolitical instability and challenges in global markets.  These strong results are a direct testament to the structural resilience of the renewable energy sector, and to Enlight’s proven execution capabilities in particular. Our ability to generate meaningful value for shareholders even under complex conditions underscores the strength of our strategy and our unwavering commitment to leading the global transition to clean and sustainable energy.”

For the full release, including disclosures, visit https://enlightenergy.co.il/data/financial-reports/

¹Total revenues and income include revenues from the sale of electricity, as well as income from tax benefits from U.S. projects;

²Adjusted EBITDA is a non-IFRS measure. Please refer to the appendices for the reconciliation to net income. The Company is unable to provide a reconciliation of “Adjusted EBITDA” to net income on a forward-looking basis without unreasonable effort because items that impact this IFRS financial measure are not within the Company’s control and/or cannot be reasonably predicted;

³Interest payments and receipts are classified as cash flows from financing and investing activities, respectively, instead of cash flows from operating activities. Adjustments were made to comparative figures due to a change in accounting policy.

⁴Total revenues and income include revenues from the sale of electricity along with income from tax benefits from US projects amounting to $160-180m.

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