ESB has reported that profit dipped by €70 million last year due to the impact of Storm Éowyn.

The State owned electricity company said operating profit in 2025 stood at €914 million, down €61 million on the previous year.

Profit after tax was recorded at €636 million, which is a €70 million reduction on 2024 (€706 million).

In its financial statements for last year, ESB said the results reflected "the unprecedented impact of Storm Éowyn in January 2025".

ESB Networks and NIE Networks incurred additional operating costs of around €95 million in reconnecting customers and fixing the damage to networks infrastructure following the storm.

ESB is proposing a recommended dividend of €149 million, down from €189 million a year previously.

If approved, 97.7% of this figure will go to the Irish Exchequer. This would bring the total dividends paid by ESB in the past 10 years to €1.4 billion.

ESB

ESB said there was "record" capital investment in 2025 of almost €2.7 billion, which represents an increase of over 20% on 2024.

Almost two-thirds of this relates to expenditure on electricity network infrastructure.

A further €900 million was invested in electricity generation, predominantly onshore wind, solar and back-up generation capacity in Ireland

ESB said it contributed €3.4 billion to the Irish economy in 2025 through payroll, taxes, dividends and purchases from domestic suppliers.

Employee numbers at the State company grew to over 10,000 in 2025.

Paul Stapleton, ESB’s chief financial officer, said the financial results "reflect ESB’s continued commitment to delivering substantial investment in critical energy infrastructure for our economy, our society and our customers".

"Our 2025 financial performance has enabled us to deliver a record capital investment of €2.7 billion in critical energy infrastructure, while retaining the financial strength to invest at even greater scale in the years ahead," he said.

There were over 38,000 residential connections made by ESB Networks in 2025, up 18% on 2024.

Smart meters

The ESB Group surpassed over two million smart meters installed in Ireland in 2025.

Last year also saw 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 Orsted, while ESB’s growing solar portfolio includes 700MW currently in development.

Stapleton said that wholesale energy prices have been volatile and remain at higher levels than those seen before the 2022/23 energy crisis.

"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," he said.