All of the amounts disclosed in this press release are inU.S. dollars unless otherwise noted. This is an excerpt from the full earningsrelease. For the full report visit the Enlight Investor Relations webpage at https://enlightenergy.com/data/financial-reports/

TEL AVIV, ISRAEL, August 4, 2026 – Enlight Renewable Energy (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the quarter ended June 30, 2026. Registration links for the Company’s earnings English and Hebrew conference call and webcasts can be found at the end of this earnings release.

Financial Highlights

3 months ending June 30, 2026

• Total revenues and income¹ of $210 million, an increase of 55% compared to the same period last year.
• Net income of $31 million, compared to $6 million in the same period last year.
• Adjusted EBITDA² of $160 million, compared to $96 million in the same period last year. Excluding a gain of approximately $17 million from the follow-on sale of a 15% stake from the Sunlight cluster in the second quarter of 2026, Adjusted EBITDA totaled $142 million, an increase of 50% from the second quarter of 2025.
• Cash flow from operating activities³ of about $84 million, an increase of 37% compared to the same period last year.

6 months ending June 30, 2026

• Total revenues and income of $409 million, an increase of 55% compared to the same period last year.
• Net income of $69 million, compared to $107 million in the same period last year. Excluding a gain of approximately $81 million from the sale of 44% stake from the Sunlight cluster in and deconsolidation in the first quarter of 2025, net income increased by 160%, compared to $26 million in the comparable period.
• Adjusted EBITDA of $314 million, compared to $227 million in the first half of 2025. Excluding a gain of $42 million from the sale of 44% from the Sunlight cluster in the first half of 2025, and a gain of $30 million from follow-on sales of 26% from the Sunlight cluster during the first half of 2026, Adjusted EBITDA amounted to $284 million in the first half of 2026, an increase of 54% from the first half of 2025.
• Operating cash flow of $185 million, an increase of 48% from the first half of 2025.

Raising full-year guidance ranges

• Revenues & income⁴ guidance increased to $790 to $820 million, up from $755 to $785 million previously.
• Adjusted EBITDA guidance increased to $565 to $585 million, up from $545 to $565 million previously.
• The increase in guidance is primarily driven by strong first-half results, attributed to strong project operational performance, higher electricity prices in Europe and the depreciation of the USD. The increase in revenue guidance exceeded the increase in Adjusted EBITDA guidance, reflecting the growing contribution of our electricity trading operations in Israel, which are characterized by low margins.

Adi Leviatan, CEO of Enlight Renewable Energy: “We are concluding another quarter of strong growth and consistent execution, with revenue increasing by 55%, significant improvements in profitability and cash flow generation, and robust performance across all of our operating regions. Our first-half results, together with the continued advancement of projects under construction and the expansion of our energy storage business, enable us to raise our 2026 revenue and Adjusted EBITDA guidance, as well as the run-rate revenues reflected in our mature projects and our yearend 2028 target. At the same time, the successful completion of $2.6 billion financing for the CO Bar complex, the largest in our history, along with additional milestones achieved during the quarter, highlights Enlight’s execution and financing capabilities and reflects the confidence of our financial partners. We remain focused and disciplined in expanding our global portfolio and converting it into sustained high-growth performance while preserving long-term profitability. At the same time, we continue to strengthen our position as a leading energy platform across the markets in which we operate.”

This is an excerpt from the full earnings release. For the full report visit the Enlight Investor Relations webpage at https://enlightenergy.com/data/financial-reports/

¹Total revenues and income include revenues from the sale ofelectricity, as well as income from tax benefits from U.S. projects.
²Adjusted EBITDA is a non-IFRS measure. Please refer to theappendices for the reconciliation to net income. The Company is unable toprovide a reconciliation of “Adjusted EBITDA” to net income on aforward-looking basis without unreasonable effort because items that impactthis IFRS financial measure are not within the Company’s control and/or cannotbe reasonably predicted.
³Interest payments and receipts are classified as cash flowsfrom financing and investing activities, respectively, instead of cash flowsfrom operating activities. Adjustments were made to comparative figures due toa change in accounting policy; for further details, see Appendix No. 4 in thefull release.
⁴Total revenues and income include revenues from the sale ofelectricity along with income from tax benefits from US projects amounting to$160-180m.

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