Interim report
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 1 EXECUTIVE SUMMARY CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 (figures expressed in millions of US$) • In the third quarter of 2026, revenues reached US$4,614 million, representing an increase of 26.3% compared to the same period of the previous year. This is mainly explained by an increase in revenues in Argentina, Brazil and Colombia, due to higher tariff indexation, higher energy distributed, higher energy sales in Colombia and the positive effect of the appreciation of the Brazilian real and the Colombian peso. • On a cumulative basis through September, revenues reached US$12,766 million, representing an increase of 22.3% compared to 2025, explained by higher revenues in Argentina, Brazil and Colombia, partially offset by lower revenues in Central America due to lower energy sales. • EBITDA in the third quarter of the year reached US$1,417 million, representing an increase of 37.7% compared to the same period of the previous year. This is mainly explained by better results in Argentina and Brazil, due to tariff adjustments, and in Colombia, due to higher energy sales at higher prices and higher tariff indexation. This is partially offset by a lower result in Central America, due to lower hydroelectric generation and higher energy purchases during the period. Excluding the positive impact of US$179 million from the exchange rate, EBITDA would have grown 20% compared to the same period of the previous year. • On a cumulative basis, EBITDA reached US$3,845 million, 23.8% higher than in the same period of the prior year. This is explained by an increase in the results of Argentina, Brazil and Colombia, partially offset by a lower result in Central America. Excluding the positive impact of US$420 million from the exchange rate, EBITDA would have grown 10% compared to the same period of the previous year. EBITDA (in millions of US$) Cumulative Quarterly Country Sep-26 Sep-25 Var % 3Q2026 3Q2025 Var % Argentina 159 171 (6.8%) 48 2 n.a. Brazil 1,738 1,555 11.8% 551 543 1.5% Colombia 1,785 1,226 45.6% 773 439 76.2% EGP Central America 143 154 (7.4%) 38 54 (30.3%) Enel Américas (*) 3,845 3,106 23.8% 1,417 1,029 37.7% (*) Includes Holding, Eliminations and Others • Operating Income (EBIT) for the third quarter of 2026 reached US$1,087 million, representing an increase of 70.0% compared to the third quarter of 2025, due to higher EBITDA and lower impairment losses. On a cumulative basis, EBIT increased 39.0% to US$2,711 million. • Net Income attributable to Enel Américas shareholders reached US$390 million in the third quarter of 2026, showing an increase of 86.4% compared to the US$209 million recorded in the third quarter of 2025. This is mainly explained by better results in Argentina, Brazil and Colombia, partially offset by a lower result in Central America. On a cumulative basis, Net Income reached US$902 million, equivalent to an increase of 40.6% explained by better results in Brazil and Colombia. • Net financial debt reached US$6,508 million, representing an increase of 35.3% compared to year -end 2025, mainly explained by higher debt at Edesur and at the subsidiaries in Brazil, and lower cash at Enel Américas Holding due to the payment of the dividend charged to 2025 earnings and the execution of the share buyback program. • CAPEX in the third quarter of 2026 amounted to US$650 million, representing an increase of 20.0% compared to the third quarter of 2025, explained by higher investments in the distribution business in Argentina, Brazil and Colombia, partially offset by lowe r investments in generation in Brazil and Colombia. CAPEX through September 2026 reached US$1,633 million, resulting in an increase of 9.8% compared to the same period of the previous year, mainly due to higher investments in distribution in the countries within our perimeter.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 2 I. Rounding The figures in this report are expressed in millions of U.S. dollars and, to facilitate their presentation, have been rounded. For this reason, the sum of the figures contained in the tables may not exactly equal the total shown in the table. SUMMARY BY BUSINESS Generation and transmission in continuing operations In the third quarter of 2026, EBITDA in the generation and transmission business increased by 58.4% compared to the same quarter of 2025, reaching US$710 million. This is mainly explained by higher generation in Colombia and the appreciation of the Brazilian real and the Colombian peso against the U.S. dollar, partially offset by lower generation in Brazil and Central America and i n Argentina, due to the non-renewal of the concession of the generation assets operated by Enel Generación El Chocón1. Considering cumulative EBITDA as of September 30, 2026, the generation and transmission business reached US$1,643 million, 32.3% higher than in the same period of 2025, also explained by the higher result in Colombia, offset by a lower result in Argentina and Central America. Physical energy sales from continuing operations decreased by 12.4% in the third quarter , mainly explained by lower sales in Argentina, Brazil and Central America, related to the non -renewal of the concession of the generation assets operated by Enel Generación El Chocón, lower trading activity in Brazil and lower own renewable generation, respectively, partially offset by higher sales in Colombia due to higher own generation. As of September 30, 2026, energy sales decreased by 12.0%, also mainly due to lower sales in Argentina, Brazil and Central America. In turn, energy generation in the third quarter decreased by 0.6% compared to the same period of 2025, mainly explained by lower generation in Argentina, due to the non -renewal of the concession of the generation assets operated by Enel Generación El Chocón, and lower renewable generation in Brazil and Central America, partially offset by higher generation in Colombia. Regarding the cumulative figure as of September 30, 2026, energy generation decrease d by 4.4% compared to 2025, due to lower generation in Argentina, Brazil and Central America. Cumulative Quarterly Physical Information Sep-26 Sep-25 Var % 3Q2026 3Q2025 Var % Total Sales (TWh) 45.5 51.7 (12.0%) 15.3 17.4 (12.4%) Total Generation (TWh) 31.1 32.5 (4.4%) 11.4 11.5 (0.6%) Distribution in continuing operations In the distribution business, EBITDA increased by 18.8% in the third quarter of 2026 compared to the same period of 2025, reaching US$715 million. This is mainly explained by a better result in Argentina, Brazil and Colombia due to higher tariff indexation. On a cumulative basis, EBITDA as of September 30, 2026, increased by 17.9%, reaching US$2,251 million, also explained by a better result in all the countries within our perimeter. As of September 30, 2026, the consolidated number of customers in continuing operations showed an increase of 349 thousand, or 1.5%, compared to the same period of 2025, reaching 23.2 million. In turn, physical sales increased by 2.8% in the quarter, explained by higher sales in Brazil and Colombia, partially offset by lower sales in Edesur in Argentina. On a cumulative basis, during the 2026 period sales increased by 1.4% compared to 2025, mainly driven by increases across all our concessions. Cumulative Quarterly Physical Information Sep-26 Sep-25 Var % 3Q2026 3Q2025 Var % Total Sales (TWh) 78.6 77.5 1.4% 26.1 25.4 2.8% Number of customers (thousands) 23,247 22,898 1.5% 23,247 22,898 1.5% 1 On August 7, 2025, the Argentine State determined, through Decree 564/2025, to grant Enel Generación El Chocón an extension of the concession term of the El Chocón- Arroyito hydroelectric complex until December 31, 2025 inclusive or, until the completion of the national and international public tender that would be carried out for the transfer of the concession to a new operator, whichever occurred first. The Group finally operated the El Chocón electricity complex until January 8, 2026. For more information see note 3.a) of the Consolidated Financial Statements of Enel Américas as of September 30, 2026.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 3 FINANCIAL SUMMARY Available liquidity has continued in a solid position, as shown below: • Cash and cash equivalents US$1,249 million • Cash and cash equiv. + placements of more than 90 days US$1,369 million • Available committed credit lines (1) US$2,000 million The increase in interest rates at Enel Américas (11.4% in Dec-25 vs 12.7% in Sep-26) was mainly due to the increase in the monetary policy rate in Colombia (IBR) and credit conditions in Brazil. Hedging and protection: In order to mitigate the financial risks associated with changes in the exchange rate and interest rate, Enel Américas has established policies and procedures to protect its financial statements against the volatility of these variables. • The foreign exchange risk hedging policy of the Enel Américas Group establishes that there must be a balance between the indexation currency of the flows generated by each company and the currency in which they borrow. Accordingly, the Enel Américas Group has contracted cross-currency swaps for US$1,170 million and forwards for US$344 million. • In order to reduce volatility in the financial statements due to changes in interest rates, the Enel Américas Group maintains an adequate balance in its debt structure. To that end, we have contracted interest rate swaps for US$2,277 million. (1) Includes a committed credit line between related parties of Enel Américas with Enel Finance International (EFI) fully ava ilable for an amount of US$400 million.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 4 MARKETS IN WHICH THE COMPANY PARTICIPATES Enel Américas owns and operates companies in the generation and transmission, and distribution segments in Argentina, Brazil, Colombia, Costa Rica, Guatemala and Panama. Practically all revenues and cash flows come from the operations of our subsidiaries and associates in these six countries. Generation and Transmission Business Segment In its entirety, the net installed capacity of the Enel Américas Group amounts to 12.4 GW, and the total installed capacity from renewable sources is 95.9% as of September 30, 2026. The Group is present in the generation business through the subsidiaries EGP Cachoeira Dourada , EGP Volta Grande and Enel Brasil S.A. (parent company of the EGP companies in Brazil), Enel Green Power Costa Rica S.A., Enel Colombia S.A. ESP (successor company of Emgesa, which also merged Enel Green Power Colombia S.A.S ESP in March 2022), Enel Green Power Guatemala S.A., Enel Green Power Panamá S.R.L. , and Enel Generación Piura in Peru. Additionally, Enel Generación Chocón operated the concession of the El Chocón-Arroyito hydroelectric complex until January 8 of this year. The following table summarizes the physical information of the continuing operations of the generation segment by geographic area, for the periods ended September 30, 2026 and 2025: Net Energy Sales (TWh) (*) Market share % Cumulative Quarterly Generation Segment by geographic area continuing operations Markets in which it participates Sep-26 Sep-25 Var % 3Q2026 3Q2025 Var % Sep-26 Sep-25 Argentina Generation Segment SIN Argentina - 1.9 (100.0%) - 0.5 (100.0%) 0.0% 1.7% Brazil Generation Segment (**) SICN Brazil 25.3 30.2 (16.1%) 7.9 10.0 (20.8%) 5.9% 8.3% Colombia Generation Segment SIN Colombia 17.4 16.7 4.2% 6.4 5.9 9.3% 26.2% 26.6% Central America Generation Segment (***) 2.4 2.6 (6.1%) 0.8 0.9 (11.7%) 7.8% 5.6% Enel Generación Piura (****) 0.3 0.3 (4.0%) 0.1 0.1 19.3% 0.6% 0.7% Total continuing operations 45.5 51.7 (12.0%) 15.3 17.4 (12.4%) (*) Regulated sales, unregulated sales and the net spot market sales position made by the generation segments of each coun try to third parties are incorporated; all intra -segment purchases and sales of energy, as well as those between related companies, have been eliminated. (**) Within the energy sales volumes of Brazil, the energy traded by Enel Trading S.A. is incorporated, which, although not a generator, performs the function of intermediating the purchase and sale of electricity in Brazil. (***) The companies in Costa Rica, Guatemala and Panama participate in their local markets SEN, SEN and SIN respectively, and may eventually participate in the MER (Regional Electricity Market), which is a global market covering the 9 countries of Central America. (****) Enel Generación Piura participates in its local market SICN in Peru. It should be noted that, following the guidelines established in IFRS 8 Operating Segments , it does not represent an operating segment on which Enel Américas is required to report separately. See notes 5 and 34 of the Consolidated Financial Statements of Enel Américas as of September 30, 2026. Energy Generation (TWh) Cumulative Quarterly Generation Segment by geographic area continuing operations Sep-26 Sep-25 Var % 3Q2026 3Q2025 Var % Argentina Generation Segment - 1.9 (100.0%) - 0.5 (100.0%) Brazil Generation Segment 15.2 15.8 (3.9%) 5.3 5.6 (5.8%) Colombia Generation Segment 13.7 12.7 8.2% 5.4 4.5 20.0% Central America Generation Segment 1.9 2.0 (2.9%) 0.5 0.7 (23.8%) Enel Generación Piura (****) 0.3 0.2 42.1% 0.1 0.1 79.1% Total 31.1 32.5 (4.4%) 11.4 11.5 (0.6%)
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 5 Distribution Business Segment The distribution business is carried out through the subsidiaries Edesur in Argentina, Enel Distribución Río, Enel Distribución Ceará and Enel Distribución Sao Paulo in Brazil and Enel Colombia S.A. ESP in Colombia. These companies serve the main cities of Latin America, providing electricity service to 23.2 million customers. The following tables show some key indicators of the distribution segment of continuing operations by geographic area for the periods ended September 30, 2026 and 2025: Energy Sales Energy losses % (TWh) Cumulative Quarterly Distribution segment by geographic area of continuing operations Sep-26 Sep-25 Var % 3Q2026 3Q2025 Var % Sep-26 Sep-25 Argentina Distribution Segment 13.5 13.5 0.6% 4.6 4.7 (1.3%) 19.4% 17.5% Brazil Distribution Segment 53.1 52.5 1.2% 17.4 16.8 3.6% 14.1% 13.8% Colombia Distribution Segment 11.9 11.5 3.3% 4.1 3.9 4.1% 7.6% 7.5% Total 78.6 77.5 1.4% 26.1 25,4 2.8% 14.0% 13.5% Customers (thousands) Distribution segment by geographic area of continuing operations Sep-26 Sep-25 Var % Argentina Distribution Segment 2,752 2,756 (0.1%) Brazil Distribution Segment 16,635 16,112 1.6% Colombia Distribution Segment 4,129 4,030 2.5% Total 23,247 22,898 1.5% The following table shows revenues from energy sales by business segment of continuing operations by customer category and country, on a cumulative and quarterly basis as of September 30, 2026 and 2025: Cumulative REVENUES FROM ENERGY SALES (in millions of US$) Argentina Brazil Colombia Central America Total Segments Eliminations and others Grand Total 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Generation 1 34 1,132 962 1,760 1,189 244 249 3,137 2,434 (197) (130) 2,940 2,304 Regulated Customers 1 - 344 198 803 542 118 129 1,266 869 (65) 4 1,201 873 Unregulated Customers - - 608 676 420 411 48 46 1,076 1,133 (9) (23) 1,067 1,110 Spot Market Sales - 34 180 88 537 236 78 74 795 432 (123) (111) 672 321 Distribution 1,343 988 3,992 3,597 990 805 - - 6,325 5,390 30 26 6,355 5,416 Residential 584 416 2,533 2,302 574 465 - - 3,691 3,183 - - 3,691 3,183 Commercial 387 276 968 828 241 203 - - 1,596 1,307 14 11 1,610 1,318 Industrial 261 186 211 196 101 85 - - 573 467 13 12 586 479 Other Consumers 111 110 280 271 74 52 - - 465 433 3 3 468 436 Intercompany elimination of different Business Line - - (84) (34) (146) (118) - - (230) (152) 230 152 - - Revenues from Energy Sales 1,344 1,022 5,040 4,525 2,604 1,876 244 249 9,232 7,672 63 48 9,295 7,720 Change in millions of US$ and % 322 (31.5%) 515 11.4% 728 38.8% (5) (2.0%) 1,560 20.3% 15 - 1,575 20.4% Quarterly Figures REVENUES FROM ENERGY SALES (in millions of US$) Argentina Brazil Colombia Central America Total Segments Eliminations and others Grand Total 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Generation - 9 307 358 802 421 85 84 1,194 872 (66) (44) 1,128 828 Regulated Customers - - 141 66 301 198 48 43 490 307 (21) 4 469 311 Unregulated Customers - - 125 285 165 140 11 15 301 440 (3) (8) 298 432 Spot Market Sales - 9 41 7 336 83 26 26 403 125 (42) (40) 361 85 Distribution 512 269 1,338 1,350 395 270 - - 2,245 1,889 11 9 2,256 1,898 Residential 228 125 843 893 230 155 - - 1,301 1,173 - - 1,301 1,173 Commercial 151 83 311 277 96 67 - - 558 427 6 4 564 431 Industrial 102 56 68 66 42 28 - - 212 150 5 5 217 155 Other Consumers 31 5 116 114 27 20 - - 174 139 - - 174 139 Intercompany elimination of different Business Line - - (29) (11) (58) (37) - - (87) (48) 55 35 (32) (13) Revenues from Energy Sales 512 278 1,616 1,697 1,139 654 85 84 3,352 2,713 - - 3,352 2,713 Change in millions of US$ and % 234 84.2% (81) (4.8%) 485 74.2% 1 1.2% 639 23.6% - - 639 23.6%
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 6 ANALYSIS OF THE FINANCIAL STATEMENTS ANALYSIS OF THE INCOME STATEMENT Net income attributable to the controlling shareholders of Enel Américas for the period ended September 30, 2026 was a profit of US$902 million, compared to the US$641 million profit recorded as of September 30, 2025, representing an increase of US$261 million. This is mainly explained by the higher EBITDA, an effect that was partially offset by higher financial expenses and an increase in income tax expense. The following is comparative information for each item of the consolidated income statements, on a cumulative and quarterly basis as of September 30, 2026 and 2025: Cumulative Quarterly Figures CONSOLIDATED INCOME STATEMENTS CONTINUING OPERATIONS (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Revenues 12,766 10,443 2,324 22.3% 4,614 3,654 960 26.3% Revenues from ordinary activities 11,344 9,298 2,045 22.0% 4,141 3,278 863 26.3% Other operating income 1,423 1,144 278 24.3% 473 376 97 25.7% Raw Materials and Consumables Used (7,494) (6,101) (1,393) 22.8% (2,724) (2,224) (500) 22.5% Energy purchases (5,042) (4,085) (956) 23.4% (1,820) (1,483) (337) 22.7% Fuel consumption (61) (28) (33) 115.2% (37) (7) (29) n.a. Transportation expenses (1,064) (911) (153) 16.8% (370) (310) (60) 19.3% Other supplies and services (1,327) (1,075) (252) 23.4% (497) (424) (73) 17.3% Contribution Margin 5,272 4,342 930 21.4% 1,890 1,431 460 32.1% Personnel expenses (461) (415) (46) 11.0% (152) (129) (23) 17.8% Other expenses by nature (966) (821) (145) 17.7% (320) (272) (48) 17.8% Gross Operating Income (EBITDA) 3,845 3,106 740 23.8% 1,417 1,029 388 37.7% Depreciation and amortization (984) (916) (67) 7.4% (331) (316) (15) 4.7% Impairment Losses (Reversals) (8) 6 (14) (225.2%) (7) - (7) n.a. Impairment Losses (Reversals) from application of IFRS 9 (143) (245) 102 (41.5%) 7 (73) 80 (109.5%) Operating Income (EBIT) 2,711 1,951 760 39.0% 1,087 640 447 70.0% Financial Result (700) (574) (126) 22.0% (247) (207) (40) 19.4% Financial income 362 280 82 29.4% 114 89 25 28.1% Financial expenses (1,211) (963) (249) 25.8% (392) (331) (61) 18.5% Results from indexation units (Argentine Hyperinflation) 190 127 63 49.4% 53 29 24 83.2% Foreign exchange differences (40) (18) (22) 124.5% (22) 6 (28) n.a. Other Non-operating Results 2 (1) 3 (283.0%) - - (1) (138.7%) Other Gains (losses) - 1 (1) (69.5%) - - - (59.5%) Results of companies accounted for under the equity method 2 (2) 4 (191.4%) - - - n.a. Income Before Taxes 2,013 1,376 638 46.3% 840 433 407 93.9% Income tax (690) (446) (244) 54.8% (271) (133) (139) 104.3% Income after taxes 1,324 930 393 42.3% 569 300 268 89.2% Income for the Period 1,324 930 393 42.3% 569 300 268 89.2% Income attributable to the owners of Enel Américas 902 641 261 40.6% 390 209 181 86.4% Income attributable to non-controlling interests 422 289 133 46.0% 178 91 87 95.7% Earnings per share US$ Continuing Operations 0.00879 0.00598 0.00281 47.1% 0.00382 0.00195 0.00187 95.9% Earnings per share US$ (*) 0.00879 0.00598 0.00281 47.1% 0.00382 0.00195 0.00187 95.9% (*) As of September 30, 2026 and 2025, the average number of ordinary shares outstanding amounted to 102,593,668,822 and 107,279,889,530, respectively.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 7 EBITDA The EBITDA for continuing operations for the period ended on September 30, 2026 amounted to US$3,845 million, representing an increase of US$740 million, equivalent to 23.8% compared to the US$3,106 million of the same period of 2025. This increase is mainly explained by better results in the distribution business in Brazil and Colombia, related to higher tariff indexation, higher energy distributed and the appreciation of the Brazilian real and the Colombian peso against the U.S. dollar. The increase in EBITDA during the third quarter of 2026 amounted to US$388 million, which is mainly explained by better results in Colombia, related to higher generation, and Brazil in distribution and transmission. Operating revenues, operating costs, personnel expenses and other expenses by nature for continuing operations that determine our EBITDA, broken down by each business segment, are presented below, on a cumulative and quarterly basis as of September 30, 2026 and 2025: Cumulative Quarterly Figures EBITDA BY BUSINESS SEGMENT / COUNTRY CONTINUING OPERATIONS (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Generation and Transmission: Argentina 4 37 (33) (90.4%) 1 9 (8) (89.8%) Brazil 1,164 966 198 20.5% 322 358 (36) (10.2%) Colombia 1,787 1,223 564 46.2% 809 429 380 88.7% Central America 244 253 (9) (3.5%) 85 88 (3) (3.8%) Operating Revenues Generation and Transmission Segment 3,199 2,478 721 29.1% 1,216 885 332 37.5% Distribution: Argentina 1,404 1,134 270 23.8% 535 275 260 94.5% Brazil 6,310 5,315 995 18.7% 2,140 1,978 162 8.2% Colombia 2,041 1,629 412 25.3% 781 558 223 40.0% Operating Revenues Distribution Segment 9,754 8,077 1,677 20.8% 3,457 2,812 645 22.9% Consolidation adjustments and other business activities (187) (113) (74) (65.6%) (59) (42) (17) 41.3% Total Consolidated Operating Revenues Enel Américas 12,766 10,443 2,324 22.3% 4,614 3,654 960 26.3% Generation and Transmission: Argentina - (3) 3 92.2% - (1) 1 (100.6%) Brazil (633) (450) (183) (40.6%) (145) (168) 23 (13.6%) Colombia (604) (507) (98) (19.3%) (245) (173) (72) 41.6% Central America (76) (73) (3) (4.0%) (39) (24) (15) 64.9% Operating Costs Generation and Transmission Segment (1,313) (1,033) (281) (27.2%) (429) (365) (64) 17.5% Distribution: Argentina (963) (732) (232) (31.7%) (389) (222) (167) 75.2% Brazil (4,267) (3,607) (660) (18.3%) (1,507) (1,392) (115) 8.3% Colombia (1,174) (894) (280) (31.4%) (478) (302) (176) 58.4% Operating Costs Distribution Segment (6,405) (5,232) (1,173) (22.4%) (2,373) (1,915) (458) 23.9% Consolidation adjustments and other business activities 224 164 60 36.4% 78 56 22 39.5% Total Consolidated Operating Costs Enel Américas (7,494) (6,101) (1,393) (22.8%) (2,724) (2,224) (500) 22.5%
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 8 Cumulative Quarterly Figures EBITDA BY BUSINESS SEGMENT / COUNTRY CONTINUING OPERATIONS (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Generation and Transmission: Argentina (2) (1) (1) 90.6% - 2 (2) (107.3%) Brazil (14) (14) 1 (4.8%) (5) (5) 1 (13.7%) Colombia (49) (36) (13) 35.0% (17) (12) (5) 38.5% Central America (9) (10) 1 (9.6%) (3) (4) 1 (24.9%) Personnel Expenses Generation and Transmission Segment (74) (62) (12) 19.4% (25) (20) (5) 24.7% Distribution: Argentina (129) (121) (8) 6.5% (44) (32) (11) 34.7% Brazil (193) (171) (22) 13.0% (60) (59) (1) 2.3% Colombia (33) (29) (4) 14.7% (13) (9) (4) 44.5% Personnel Expenses Distribution Segment (355) (320) (34) 10.7% (117) (100) (17) 16.5% Consolidation adjustments and other business activities (33) (33) 1 (1.5%) (11) (9) (2) 18.1% Total Consolidated Personnel Expenses Enel Américas (461) (415) (46) 11.0% (152) (129) (23) 17.8% Generation and Transmission: Argentina (2) (5) 4 (72.3%) - (1) 1 (68.3%) Brazil (96) (79) (17) 20.8% (27) (27) (1) 1.9% Colombia (54) (40) (14) 34.7% (20) (17) (3) 18.5% Central America (17) (16) (1) 3.6% (5) (7) 1 (20.1%) Other Expenses by Nature Generation and Transmission Segment (169) (141) (27) 19.2% (53) (51) (1) 2.7% Distribution: Argentina (151) (136) (15) 11.0% (55) (27) (27) 100.9% Brazil (466) (359) (107) 29.8% (150) (130) (20) 15.3% Colombia (127) (121) (6) 4.8% (46) (37) (9) 25.5% Other Expenses by Nature Distribution Segment (744) (616) (128) 20.7% (251) (194) (57) 29.2% Consolidation adjustments and other business activities (53) (63) 10 (15.5%) (16) (26) 10 (37.5%) Total Consolidated Other Expenses by Nature Enel Américas (966) (821) (145) 17.7% (320) (272) (48) 17.8% Generation and Transmission: Argentina - 27 (27) (100.0%) - 9 (9) (95.2%) Brazil 421 422 - (0.1%) 144 158 (13) (8.5%) Colombia 1,079 639 440 68.8% 527 227 300 132.3% Central America 143 154 (11) (7.4%) 38 54 (16) (30.3%) EBITDA Generation and Transmission Segment 1,643 1,242 401 32.3% 710 448 262 58.4% Distribution: Argentina 161 145 16 10.8% 48 (6) 54 n.a. Brazil 1,384 1,179 206 17.4% 423 398 25 6.4% Colombia 706 585 121 20.7% 244 211 34 15.9% EBITDA Distribution Segment 2,251 1,909 342 17.9% 715 602 113 18.8% Consolidation adjustments and other business activities (49) (45) (4) 8.8% (8) (21) 13 (62.0%) Total Consolidated EBITDA Enel Américas 3,845 3,106 740 23.8% 1,417 1,029 388 37.7%
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 9 EBITDA GENERATION AND TRANSMISSION SEGMENT Argentina: Cumulative Quarterly Figures EBITDA ARGENTINA GENERATION SEGMENT (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Operating revenues 4 37 (33) (90.4%) 1 9 (8) (89.8%) Operating costs - (3) 3 (92.2%) - (1) 1 (100.6%) Personnel expenses (2) (1) (1) 90.6% - 2 (2) (107.3%) Other expenses by nature (2) (5) 4 (72.3%) - (1) 1 (68.3%) Total Argentina Generation Segment - 27 (27) (100.0%) - 9 (9) (95.2%) The EBITDA of our generation segment in Argentina had no significant effects as of September 30, 2026, representing a decrease of US$27 million compared to the 2025 period, which is explained because Enel Generación Chocón ceased to operate the concession of the El Chocón-Arroyito hydroelectric complex as of January 9 of this year. Regarding the third quarter of 2026, the EBITDA of our generation segment in Argentina had no significant effects, lower by US$9 million than the figure reached in the same period of the prior year, which is explained by the situation previously discussed.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 10 Brazil: Cumulative Quarterly Figures EBITDA BRAZIL GENERATION SEGMENT (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Operating revenues 1,164 966 198 20.5% 322 358 (36) (10.2%) Operating costs (633) (450) (183) (40.6%) (145) (168) 23 13.6% Personnel expenses (14) (14) 1 4.8% (5) (5) 1 13.7% Other expenses by nature (96) (79) (17) (20.8%) (27) (27) (1) (1.9%) Total Brazil Generation Segment 421 422 - (0.1%) 144 158 (13) (8.5%) The EBITDA of our generation and transmission segment in Brazil reached US$421 million as of September 30, 2026, remaining practically in line with those recorded in the 2025 period . The main variables that explain the items that make up EBITDA are explained below: The operating revenues increased by US$198 million, equivalent to 20.5%, compared to the 2025 period. The increase is mainly explained by; (i) US$120 million of positive effect from translation of figures due to the appreciation of the Brazilian real against the U.S. dollar; and (ii) US$69 million from higher average selling prices. The operating costs increased by US$183 million, or 40.6%, compared to the 2025 period. The increase is mainly explained by; (i) US$108 million of higher energy purchase costs, mainly due to higher volume; and (ii) US$73 million of negative effect from translation of figures due to the appreciation of the Brazilian real against the U.S. dollar. The personnel expenses remained practically in line with those recorded in the 2025 period. The other expenses by nature increased by US$17 million mainly due to negative effect from translation of figures due to the appreciation of the Brazilian real against the U.S. dollar. Regarding EBITDA for the third quarter of 2026, it reached US$144 million, which implies a decrease of US$13 million compared to that reached in the same period of 2025. The main variables involved are explained by US$71 million of lower revenues in energy volumes (-2.1 TWh) and lower average selling prices. The aforementioned was partially offset by; (i) US$46 million from lower purchase volumes; and (ii) US$7 million of positive effect from translation of figures due to the devaluation of the Brazilian real against the U.S. dollar.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 11 Colombia: Cumulative Quarterly Figures EBITDA COLOMBIA GENERATION SEGMENT (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Operating revenues 1,787 1,223 564 46.2% 809 429 380 88.7% Operating costs (604) (507) (98) (19.3%) (245) (173) (72) (41.6%) Personnel expenses (49) (36) (13) (35.0%) (17) (12) (5) (38.5%) Other expenses by nature (54) (40) (14) (34.7%) (20) (17) (3) (18.5%) Total Colombia Generation Segment 1,079 639 440 68.8% 527 227 300 132.3% The EBITDA of our generation segment in Colombia reached US$1,079 million during the period ended September 30, 2026, representing an increase of US$440 million compared to the 2025 period. The main variables that explain this increase in the items that make up EBITDA are explained below: The operating revenues of Enel Colombia Generación increased by US$564 million in the period ended September 30, 2026, or 46.2% compared to the revenues recognized in the 2025 period. This increase is mainly explained by; (i) US$301 million from higher physical sales of electricity (+0.7 TWh) ; and (ii) positive effect of US$273 million from translation of figures, related to the appreciation of the Colombian peso against the U.S. dollar. The foregoing was partially offset by US$7 million from lower indemnities for claims. The operating costs increased by US$98 million, equivalent to 19.3%, and is mainly explained by; (i) negative effect from translation of figures of US$92 million due to the appreciation of the Colombian peso against the U.S. dollar; (ii) US$ 15 million of higher cost from fuel-based generation; and (iii) US$14 million due to an increase in the volumes of energy purchased. The foregoing was partially offset by US$23 million of lower transportation cost. The personnel expenses increased by US$13 million mainly due to higher salary costs from adjustments. The other expenses by nature increased by US$14 million basically due to higher costs resulting from the entry into force of the wealth tax in the 2026 period. Regarding the third quarter of 2026, the EBITDA of our generation segment in Colombia reached US$527 million, exceeding by US$300 million the figure reached in the same quarter of the 2025 period. This increase is mainly explained by: (i) US$278 million of higher revenues from physical volume and higher average selling prices in the spot market; (ii) US$44 million of lower transportation costs, and (iii) US$42 million from the positive effect of translation of figures due to the appreciation of the Colombian peso against the U.S. dollar. All of the foregoing was partially offset by; (i) US$50 million from higher energy purchases to cover demand due to higher generation compared to the same quarter of the 2025 period; and (ii) US$13 million of higher cost of fuel-based generation.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 12 Central America: Cumulative Quarterly Figures EBITDA CENTRAL AMERICA GENERATION SEGMENT (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Operating revenues 244 253 (9) (3.5%) 85 88 (3) (3.8%) Operating costs (76) (73) (3) (4.0%) (39) (24) (15) (64.9%) Personnel expenses (9) (10) 1 9.6% (3) (4) 1 24.9% Other expenses by nature (17) (16) (1) (3.6%) (5) (7) 1 20.1% Total Central America Generation Segment 143 154 (11) (7.4%) 38 54 (16) (30.3%) The EBITDA of our generation segment in Central America reached US$143 million in the period ended September 30, 2026, representing a decrease of US$11 million compared to the 2025 period. The main variables that explain this decrease in the items that make up EBITDA, are explained below: The operating revenues decreased by US$9 million mainly originating from lower sales volumes of -0.2 TWh compared to 2025. The operating costs increased by US$3 million, mainly explained by lower energy purchase costs in Panama, due to better water conditions compared to the 2025 period. The personnel expenses remained in line with those recorded in the same 2025 period. The other expenses by nature remained in line with those recorded in the same 2025 period. In the third quarter of 2026, the EBITDA of the Central America generation segment reached US$38 million, lower by US$16 million than that recorded in the same quarter of the 2025 period, which is mainly explained by higher energy purchases by Enel Fortuna in Panama.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 13 EBITDA DISTRIBUTION SEGMENT Argentina: Cumulative Quarterly Figures EBITDA ARGENTINA DISTRIBUTION SEGMENT (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Operating revenues 1,404 1,134 270 23.8% 535 275 260 94.5% Operating costs (963) (732) (232) 31.7% (389) (222) (167) 75.2% Personnel expenses (129) (121) (8) 6.5% (44) (32) (11) 34.7% Other expenses by nature (151) (136) (15) 11.0% (55) (27) (27) 100.9% Total Argentina Distribution Segment 161 145 16 10.8% 48 (6) 54 n.a. The EBITDA of our distribution segment in Argentina reached US$161 million in the period ended September 30, 2026, representing an increase of US$16 million compared to the 2025 period. The main variables that explain this variation in the items that make up EBITDA are explained below: The operating revenues increased by US$270 million, or 23.8%, compared to the 2025 period, which is fundamentally explained by higher revenues from; (i) US$463 million from various tariff adjustments accepted by the Argentine regulatory authority, (ii) US$30 million from the entry into force of an electricity supply agreement in low-income neighborhoods of the Province of Buenos Aires, and (iii) US$9 million from higher physical sales compared to 2025 (+0.1 TWh). The foregoing was partially offset by; (i) US$150 million of negative effect from translation of figures due to the devaluation experienced by the Argentine peso against the U.S. dollar, and (ii) US$81 million of lower revenue related to the settlement agreement under the Special Regime for the Regularization of Obligations at Edesur recorded in 2025. The operating costs increased by US$232 million fundamentally explained by; (i) US$285 million of higher energy purchase costs, mainly due to an increase in the purchase price; (ii) US$28 million from higher costs in physical energy purchase volumes, and (iii) US$25 million from higher transportation costs. The aforementioned was partially offset by US$107 million of positive effect from translation of figures, due to the devaluation of the Argentine peso against the U.S. dollar. The personnel expenses increased by US$8 million compared to the 2025 period, basically due to; US$33 million from salary increases due to the effect of inflation and overtime. The foregoing was partially offset by (i) US$14 million from the positive effect of translation of figures, due to the devaluation of the Argentine peso against the U.S. dollar; and (ii) US$11 million of lower personnel expenses due to an increase in the capitalization of labor in investment assets The other expenses by nature increased by US$15 million compared to the 2025 period, basically US$32 million from higher expenses for the contracting of outsourced services, repairs, network operation maintenance and other variable items. The foregoing was partially offset by US$17 million from the positive effect of translation of figures, due to the devaluation of the Argentine peso against the U.S. dollar Regarding the third quarter of 2026, the EBITDA of our distribution segment in Argentina reached US$48 million, higher by US$54 million than the figure reached in the same 2025 period. This variation is mainly explained by; (i) US$222 million of higher sales revenues, mainly due to better average selling prices resulting from tariff adjustments established by the regulator; (ii) US$16 million of positive effect from translation of figures due to the appreciation of the Argentine peso against the U.S. dollar; and (iii) US$5 million from the entry into force of an electricity supply agreement in low -income neighborhoods (“barrios populares”) of the Province of Buenos Aires. The foregoing was partially offset by; (i) US$127 million of higher energy purchase costs due to the increase in regulated prices; (ii) US$20 million of higher outsourced services costs due to the increase in prices resulting from inflation; (iii) US$17 million of higher energy purchase volume due to demand; (iv) US$12 million from salary increases resulting from higher inflation in Argentina; (v) US$7 million from lower revenues due to lower physical sales volume, (vi) US$4 million of lower revenue related to the settlement agreement under the Special Regime for the Regularization of Obligations at Edesur; and (vii) US$3 million of higher electricity transportation costs. Energy losses (%) Number of Customers (in millions) SUBSIDIARY Sep-26 Sep-25 Var p.p. Sep-26 Sep-25 Var Edesur 19.4% 17.5% 1.9 2.75 2.76 (0.1%) Total Argentina Distribution Segment 19.4% 17.5% 1.9 2.75 2.76 (0.1%)
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 14 Brazil: Cumulative Quarterly Figures EBITDA BRAZIL DISTRIBUTION SEGMENT (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Operating revenues 6,310 5,315 995 18.7% 2,140 1,978 162 8.2% Operating costs (4,267) (3,607) (660) 18.3% (1,507) (1,392) (115) 8.3% Personnel expenses (193) (171) (22) 13.0% (60) (59) (1) 2.3% Other expenses by nature (466) (359) (107) 29.8% (150) (130) (20) 15.3% Total Brazil Distribution Segment 1,384 1,179 206 17.4% 423 398 25 6.4% The EBITDA of our distribution segment in Brazil reached US$1,384 million in the period ended September 30, 2026, representing an increase of US$206 million compared to the 2025 period. The main variables that explain this variation in the items that make up EBITDA are explained below: The operating revenues in the distribution segment of Brazil had an increase of US$995 million equivalent to 18.7% compared to the revenues recorded in the same 2025 period. This increase is mainly explained by; (i) US$556 million from the positive effect of translation of figures due to the appreciation of the Brazilian real against the U.S. dollar; (ii) US$380 million of increase in construction revenue from the application of IFRIC 12; (iii) US$184 million from higher average selling price revenues resulting from the tariff adjustment for inflation in Brazil; (iv) US$112 million of higher revenues from the update of financial assets recognized in accordance with IFRIC 12; and (v) US$52 million of higher revenues from volume in the sale of energy; and (vi) US$10 million of higher revenues from fines and penalties on service quality. The foregoing was partially offset by; (i) US$160 million of lower revenues from sector charges; and (ii) US$139 million from lower adjustments to regulatory assets and liabilities. The operating costs increased by US$660 million, or 18.3%, compared to the same 2025 period, and are mainly explained by; (i) US$380 million due to higher construction costs from the application of IFRIC 12; (ii) US$376 million of negative effect from translation of figures due to the appreciation of the Brazilian real against the U.S. dollar; and (iii) US$43 million from higher costs in energy purchase volume caused by the increase in spot prices due to the worsening of water conditions in Brazil. The foregoing was partially offset by; (i) US$94 million of lower energy transportation costs; (ii) US$23 million from lower energy purchases; and (iii) US$21 million of lower costs from electrical line disconnections and reconnections. The personnel expenses increased by US$22 million compared to the 2025 period, mainly due to negative effect from translation of figures due to the appreciation of the Brazilian real against the U.S. dollar. The other expenses by nature increased by US$107 million compared to the 2025 period, mainly due to; (i) US$45 million of higher outsourced services costs; (ii) US$34 million from the negative effect of translation of figures due to the appreciation of the Brazilian real against the U.S. dollar; (iii) US$15 million of higher maintenance and repair costs at Enel Distribución Ceará; and (iv) US$13 million of lower capitalizations in investment assets. Regarding the third quarter of 2026, the EBITDA of our distribution segment in Brazil reached US$423 million, higher by US$25 million than the figure reached in the same period of 2025. This variation is mainly explained by (i) US$18 million of higher revenues from fines and penalties on service quality (ii) US$69 million from higher revenues from the update of financial assets associated with IFRIC 12; (iii) US$55 million of lower costs from lower average electricity purchase prices; (iv) US$54 million of higher revenues from physical volume of electricity sold ; (v) US$54 million of lower electricity transportation costs; and (vi) US$19 million from the positive effect of translation of figures, due to the devaluation of the Brazilian real against the U.S. dollar. All of the foregoing was partially offset by; (i) US$212 million from lower revenues from; (A) US$218 million resulting from the tariff adjustments approved annually for each distributor in Brazil; offset with (B) US$6 million in higher revenues from sector charges; (ii) US$9 million of higher personnel compensation due to higher headcount; (iii) US$7 million of higher outsourced services costs; (vi) US$5 million of higher costs related to shared pole use; and (v) US$5 million of lower capitalizations of materials in investment assets. Energy losses (%) Number of Customers (in millions) SUBSIDIARY Sep-26 Sep-25 Var p.p. Sep-26 Sep-25 Var % Enel Distribución Rio 20.8% 20.7% 0.1 3.2 3.1 0.4% Enel Distribución Ceará 17.5% 17.9% (0.4) 4.4 4.3 2.0% Enel Distribución Sao Paulo 11.2% 10.8% 0.4 8.8 8.6 1.8% Total Brazil Distribution Segment 14.1% 13.8% 0.2 16.4 16.1 1.6%
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 15 Colombia: Cumulative Quarterly Figures EBITDA COLOMBIA DISTRIBUTION SEGMENT (in millions of US$) Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Operating revenues 2,041 1,629 412 25.3% 781 558 223 40.0% Operating costs (1,174) (894) (280) 31.4% (478) (302) (176) 58.4% Personnel expenses (33) (29) (4) 14.7% (13) (9) (4) 44.5% Other expenses by nature (127) (121) (6) 4.8% (46) (37) (9) 25.5% Total Colombia Distribution Segment 706 585 121 20.7% 244 211 34 15.9% The EBITDA of our distribution segment in Colombia reached US$706 million during 2026, representing an increase of US$121 million compared to the 2025 period. The main variables that explain this increase in the items that make up EBITDA are explained below: The operating revenues increased by US$412 million, equivalent to an increase of 25.3%, and are mainly explained by; (i) US$312 million from the positive effect of translation of figures, as a consequence of the appreciation experienced by the Colombian peso against the U.S. dollar; (ii) US$55 million of higher revenues from average selling prices resulting from the tariff adjustment for inflation and higher spot prices; and (iii) US$47 million of higher revenues from volume in the physical sale of energy (+0.4 TWh). The operating costs increased by US$280 million, or 31.4%, which are mainly explained by; (i) US$179 million of negative effect from translation of figures originating from the appreciation of the Colombian peso against the U.S. dollar, and (ii) US$100 million of higher costs due to the increase in average energy purchase prices. The personnel expenses remained in line with those recorded in the same 2025 period. The other expenses by nature increased by US$6 million, mainly due to; (i) US$19 million from the negative effect of translation of figures due to the appreciation of the Colombian peso against the U.S. dollar, and (ii) US$6 million from higher maintenance costs for operations. The foregoing was partially offset by US$22 million of lower operating expenses related to third-party service costs. costs of purchasing materials and supplies for the operation. Regarding the third quarter of 2026, the EBITDA of our distribution segment in Colombia reached US$244 million, higher by US$34 million than the figure reached in the same period of 2025. This increase is mainly explained by; (i) US$80 million of higher physical sales volumes; and (ii) US$39 million of positive effect from translation of figures, due to the appreciation of the Colombian peso against the U.S. dollar in the third quarter of 2025. The foregoing was partially offset by US$84 million due to an increase in costs in energy purchase prices. Energy losses (%) Number of Customers (in millions) Sep-26 Sep-25 Var p.p. Sep-26 Sep-25 Var % Colombia Distribution Segment 7.6% 7.5% 0.1 4.13 4.03 2.5% Total Colombia Distribution Segment 7.6% 7.5% 0.1 4.13 4.03 2.5%
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 16 Depreciation, Amortization and Impairment The following is a summary by segment and country of continuing operations of EBITDA, Depreciation, Amortization and Impairment Expenses, and EBIT for the subsidiaries of the Enel Américas Group, on a cumulative and quarterly basis as of September 30, 2026 and 2025: Cumulative (in millions of US$) Sep-26 Sep-25 BUSINESS SEGMENT EBITDA Depreciation, Amortization and Impairment EBIT EBITDA Depreciation, Amortization and Impairment EBIT Generation and Transmission: Argentina - - - 27 - 27 Brazil 421 (165) 256 422 (151) 271 Colombia 1,079 (113) 967 639 (63) 576 Central America 143 (43) 100 154 (38) 116 Total Generation and Transmission Segment 1,643 (321) 1,322 1,242 (252) 990 Distribution: Argentina 161 (203) (43) 145 (160) (15) Brazil 1,384 (457) 927 1,179 (597) 581 Colombia 706 (145) 561 585 (116) 469 Total Distribution Segment 2,251 (805) 1,446 1,909 (874) 1,035 Less: Consolidation adjustments and other business activities (49) (8) (57) (45) (29) (74) Total Consolidated Enel Américas 3,845 (1,135) 2,711 3,106 (1,155) 1,951 Quarterly Figures (in millions of US$) 3Q2026 3Q2025 BUSINESS SEGMENT EBITDA Depreciation, Amortization and Impairment EBIT EBITDA Depreciation, Amortization and Impairment EBIT Generation and Transmission: Argentina - - - 9 - 9 Brazil 144 (53) 91 158 (48) 110 Colombia 527 (50) 477 227 (23) 204 Central America 38 (14) 24 54 (13) 41 Total Generation and Transmission Segment 710 (118) 592 448 (84) 364 Distribution: Argentina 48 (73) (25) (6) (46) (53) Brazil 423 (69) 353 398 (207) 190 Colombia 244 (53) 191 211 (42) 169 Total Distribution Segment 715 (195) 520 602 (295) 307 Less: Consolidation adjustments and other business activities (8) (18) (26) (21) (11) (32) Total Consolidated Enel Américas 1,417 (331) 1,087 1,029 (390) 640 Depreciation, amortization and impairment of continuing operations amounted to US$1,135 million for the period ended September 30, 2026, decreasing by US$20 million compared to the 2025 period. Depreciation and amortization amounted to US$984 million as of September 30, 2026, an amount that is US$67 million higher than that recorded during 2025 and is mainly explained by; (i) US$24 million of increase in depreciation in the distribution companies, mainly in; (a) Argentina with US$31 million; (b) US$26 million in Colombia; offset by (c) Brazil for US$33 million; and (ii) US$43 million of higher depreciation in the generation companies in Brazil, Colombia and Central America due to the commencement of operation of new renewable source projects.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 17 In turn, the impairment losses reached US$151 million , as of September 30, 2026, registering a decrease of US$88 million compared to 2025. This decrease is mainly explained by; (i) US$ 1 45 million from lower recognition of impairment losses on financial assets, comprised of: (a) a decrease of US$108 million, mainly explained by the update of parameters and assumptions associated with trade receivables of the distribution companies in Brazil, Enel Distribución Sao Paulo , Enel Distribución Rio and Enel Ceará, mainly those related to loss given default (LGD). The update incorporated more recent historical information on the recovery behavior of the portfolios and the recovery expectations for them; (b) US$36 million from lower losses from recognition of impairment of financial assets at Enel X Brasil due to a better recovery outlook for its receivables ; offset with (c) increases of US$36 million from the application of IFRS 9 due to a deterioration in the determination of expected credit loss mainly at the companies Edesur, and Enel Colombia. The foregoing was partially offset with US$14 million of higher impairment losses on long- lived generation assets at Enel Colombia associated with an adjustment to the impairment of the Windpeshi renewable project plant in 2025. In the third quarter of 2026, depreciation, amortization and impairment of continuing operations amounted to US$331 million, decreasing by US$59 million compared to the close of the same period of 2025. The depreciation and amortization amounted to US$331 million in the third quarter ended September 30, 2026, an amount that is US$15 million higher than that recorded in the same period of 2025; mainly due to US$15 million of higher depreciation due to the commencement of operation of new renewable source generation projects in Brazil and Colombia. In turn, the impairment losses in the third quarter of 2026,recorded a decrease of US$74 million compared to the same period of 2025. This variation is mainly explained by a decrease of US$82 million in impairment losses on financial assets, highlighting; US$107 million of lower impairment losses on Brazilian financial assets at Enel Distribución Sao Paulo, Enel Distribución Rio and Enel Ceará due to better recovery prospects for their receivables; partially offset with US$25 million of higher loss at Enel Colombia, and Edesur due to a deterioration in the determination of expected credit loss, in accordance with the guidelines of IFRS 9.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 18 Non-operating Result The following table presents the consolidated non-operating results of the periods ended September 30, 2026 and 2025: NON-OPERATING RESULTS (in millions of US$) Cumulative Quarterly Figures Sep-26 Sep-25 Change Var % 3Q2026 3Q2025 Change Var % Financial Income: Argentina 17 15 2 12.4% 5 8 (2) (28.3%) Brazil 290 195 96 49.1% 91 63 27 42.8% Colombia 30 20 10 49.4% 11 6 5 80.6% Central America 4 3 1 29.0% 2 1 0 47.1% Consolidation adjustments and other business activities 20 46 (26) (56.2%) 5 11 (5) (50.7%) Total Financial Income 362 280 82 29.4% 114 89 25 28.1% Financial Expenses: Argentina (160) (137) (23) 17.1% (55) (54) (1) 1.5% Brazil (737) (535) (202) 37.8% (218) (187) (31) 16.7% Colombia (282) (254) (28) 11.0% (108) (77) (31) 39.9% Central America (6) (9) 3 (30.7%) (2) (3) 1 (27.6%) Consolidation adjustments and other business activities (26) (28) 2 (7.8%) (9) (9) 1 (9.1%) Total Financial Expenses (1,211) (963) (249) 25.8% (392) (331) (61) 18.5% Foreign exchange differences: Argentina 3 4 (1) (35.3%) 1 4 (4) (87.4%) Brazil (17) (13) (5) 35.6% (13) 2 (15) n.a. Colombia (3) 6 (8) (148.0%) (2) - (2) n.a. Central America 3 (1) 4 n.a. - - - (87.5%) Consolidation adjustments and other business activities (26) (14) (12) 85.0% (8) (1) (7) n.a. Total Foreign Exchange Differences (40) (18) (22) 124.5% (22) 6 (28) n.a. Total Results from Indexation Units (Argentine hyperinflation) 190 127 63 49.4% 53 29 24 83.2% Total Financial Result Enel Américas (700) (574) (126) 22.0% (247) (207) (40) 19.4% Other gains (losses): Colombia - 1 (1) (99.6%) - - - (99.2%) Total Other Gains (Losses) - 1 (1) (69.5%) - - - (59.5%) Results of companies accounted for under the equity method: Argentina 2 (1) 4 (337.7%) - - - n.a. Colombia - (1) 2 (126.9%) - - - 200.0% Total Results of companies accounted for under the equity method 2 (3) 5 (195.7%) - - - n.a. Total Other Non-operating Results 3 (2) 4 (266.7%) - - (1) (155.3%) Income Before Tax 2,014 1,375 639 46.4% 840 433 407 93.9% Taxes: Argentina (2) (10) 8 (78.9%) 16 22 (6) (26.0%) Brazil (207) (112) (95) 84.3% (80) (47) (34) 72.6% Colombia (444) (274) (169) 61.6% (198) (99) (99) 100.4% Central America (36) (34) (3) 8.2% (9) (10) 1 (11.3%) Consolidation adjustments and other business activities (1) (15) 14 (93.2%) - 1 (1) (116.3%) Total Income Tax (690) (446) (244) 54.8% (271) (133) (139) 104.3% Income after taxes 1,324 930 394 42.4% 569 300 268 89.3% Income for the Period 1,324 930 394 42.4% 569 300 268 89.3% Income attributable to the owners of Enel Américas 902 641 261 40.6% 390 209 181 86.4% Income attributable to non-controlling interests 422 289 133 46.0% 178 91 87 95.7%
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 19 Financial Result The financial result amounted to a loss of US$700 million in the period ended September 30, 2026, representing a greater loss of US$126 million compared to that recorded during the 2025 period. The detail of its composition is presented below. (a) Higher financial income of US$82 million, mainly explained by; (i) US$105 million from higher update of regulatory assets and liabilities in Brazil, due to the higher inflation recorded in that country compared to 2025; and (ii) US$5 million of higher financial income from higher interest collections from customers. The foregoing was partially offset by (i) US$20 million of lower updates of taxes of Brazilian companies; (ii) US$9 million of lower income from derivative transactions in the distribution companies in Brazil; and (iii) US$5 million from lower income from updates of leases and accounts receivable. In the third quarter of 2026, financial income increased by US$25 million compared to the previous period. This is mainly explained by; (i) US$46 million of higher update of regulatory assets and liabilities in Brazil, due to the higher inflation recorded in that country in the third quarter compared to the previous period; (ii) US$15 million of higher income from updates of leases and accounts receivable; and (iii) US$9 million of higher income from updates of cash and cash equivalents accounts mainly in Brazil and Colombia. The foregoing was partially offset by; (i) US$21 million of lower income from derivative transactions in the distribution companies in Brazil; (ii) US$21 million of lower updates of taxes of Brazilian companies. (b) Higher financial expenses of US$249 million mainly explained by; (i) US$205 million of higher financial expenses on bank loans, originating mainly from the increase in debt at Enel Colombia and in Brazil; (ii) US$81 million from higher expense in updates of regulatory assets and liabilities in Brazil (iii) US$15 million of higher expense incurred on obligations with the public for the bonds that the company holds in Brazil; (iv) US$11 million from higher interest associated with accounts payable to CAMMESA; and (v) US$4 million of higher expenses related to fines. The foregoing was partially offset by; (i) US$27 million of lower effects on post - employment benefit obligations; (ii) US$13 million of lower financial expenses recognized from derivative transactions in the distribution companies in Brazil; (iii) US$13 million of lower capitalization of financial expenses on projects; (iv) US$7 million of lower expense incurred from transactions with related companies that are outside the consolidation perimeter; and (v) US$3 million from lower updates of PIS/COFINS tax credits. In the third quarter, financial expenses increased by US$61 million mainly explained by; (i) US$73 million of higher financial expenses on bank loans mainly at Enel Colombia and in Brazil; (ii) US$30 million of expenses related to fines; (iii) US$27 million from higher update of regulatory assets and liabilities; (iv) US$5 million of higher financial expenses associated with accounts payable to CAMMESA in Argentina; (v) US$5 million of higher financial expenses recognized from derivative transactions in the distribution companies in Brazil. The foregoing was partially offset by; (i) US$41 million from lower updates of PIS/COFINS tax credits; (ii) US$12 million of lower expense incurred on obligations with the public for the bonds that the Company holds in Brazil; (iii) US$12 million lower updates of leases (iii) US$4 million of lower effects on post-employment benefit obligations; and (iv) US$2 million of lower capitalization of financial expenses on projects. (c) The results from indexation units increased by US$63 million and correspond to the financial result generated by the application of IAS 29 Financial Reporting in Hyperinflationary Economies in Argentina. They reflect the net balance arising from applying in flation to non-monetary assets and liabilities and to incom e statement accounts that are not determined on an updated basis, converted to U.S. dollars at the closing exchange rate. In the third quarter of 2026, the effect of hyperinflation in Argentina generated an increase of US$24 million in the results from indexation units account. (d) Losses from foreign exchange differences show a lower income of US$22 million when compared to the 2025 period, mainly due to; (i) US$61 million from higher loss from foreign exchange differences on derivative instruments, and (ii) US$19 million from higher loss from recognition of foreign exchange differences at Enel Generación El Chocón, which include the effect of accounts payable exposed to a devaluation process of the Argentine peso. The foregoing was partially offset by; (i) US$44 million from higher income from the update of trade accounts payable with related companies outside the consolidation perimeter; and (ii) US$13 million from higher income from foreign exchange differences from the update of trade accounts receivable and accounts payable with related companies outside the consolidation perimeter.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 20 In the third quarter of 2026, foreign exchange differences generated a loss of US$28 million, compared to the same period of 2025, mainly explained by; (i) US$22 million from higher loss from foreign exchange differences from the update of trade accounts receivable and accounts payable with related companies outside the consolidation perimeter; (ii) US$16 million at Enel Américas, from negative foreign exchange differences associated with dividends from foreign subsidiaries and on cash and cash equivalents; (iii) US$9 million from higher loss from foreign exchange differences on derivative instruments; and (iv) US$9 million from lower foreign exchange differences at Enel Generación El Chocón. All of the foregoing was partially offset by US$28 million from higher gain from foreign exchange differences from the update of trade accounts payable with related companies outside the consolidation perimeter. Income Tax on Corporations: The income tax on corporations reached US$690 million in the period ended September 30, 2026, representing a higher tax expense of US$244 million compared to the 2025 period. This variation is mainly explained by; (i) US$172 million of higher taxes due to the increase in results of the companies in Colombia; (ii) higher taxes of US$95 million due to higher results in Brazil ; and (iii) higher taxes of US$14 million at Edesur, fundamentally explained by; (a) US$43 million of higher taxes due to better results and recognition of the effects of hyperinflation; and (b) lower taxes of US$28 million due to the lower revenue corresponding to the settlement agreement under the Special Regime for the Regularization of Obligations recorded in 2025. All of the foregoing was partially offset by; (i) US$18 million from lower taxes at Enel Generación El Chocón , associated with updates of net assets for hyperinflation; (ii) lower deferred taxes of US$14 million corresponding, mainly US$16 million from lower tax associated with dividends received from subsidiaries ; and (iii) US$4 million from lower taxes at Enel Argentina and Hidroinvest. The income tax in the third quarter of 2026 had a higher expense of US$139 million compared to the same period of 2025, which is mainly explained by US$143 million of higher taxes due to higher results in the companies of (a) Colombia for US$98 million; (b) US$17 million of higher tax of Brazilian companies; and (c) higher taxes of US$ 11 million at Edesur, fundamentally explained by the effect of inflation.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 21 ANALYSIS OF THE STATEMENT OF FINANCIAL POSITION ASSETS (in millions of US$) Sep-26 Dec-25 Change Var % Current Assets 7,153 6,696 457 6.8% Non-Current Assets 31,330 28,175 3,155 11.2% Total Assets 38,483 34,871 3,612 10.4% The total assets of Enel Américas as of September 30, 2026 increased by US$3,612 million compared to total assets as of December 31, 2025, mainly as a result of: The Current Assets show an increase of US$457 million, equivalent to 6.8%, mainly explained by: • The decrease in cash and cash equivalents of US$655 million, mainly comprised of US$515 million for payments related to the process of acquiring own-issue shares of Enel Américas. • Increase in trade and other current receivables of US$884 million , which is mainly explained by; (i) US$304 million positive translation effect due to the appreciation experienced by the Brazilian real, and the Colombian peso against the U.S. dollar when compared to the previous period; and (ii) US$580 million increase from volume and average selling prices. Increase in the Non-current Assets of US$3,155 million, equivalent to 11.2% mainly due to: • Increase in other non-current financial assets of US$1,304 million, mainly explained by: (i) US$653 million , due to the positive effect of translation of figures from the appreciation of the Brazilian real against the U.S. dollar when compared to 2025: (ii) US$648 million from higher financial assets generated by the application of IFRIC 12 to new investments in the distribution companies in Brazil; and (iii) US$9 million from higher financial assets corresponding to investments in companies in Argentina. • Increase in property, plant and equipment of US$1,649 million mainly comprised of; (i) increase from recognition of new additions of US$604 million, fundamentally in the generation business in Brazil and Colombia, in addition to distribution lines at Edesur; (ii) increase of US$1,054 million related to the translation effect; (iii) decrease from depreciation for the period of US$508 million; (iv) higher variation due to inflation of our Argentine subsidiaries of US$535 million. LIABILITIES AND EQUITY (in millions of US$) Sep-26 Dec-25 Change Var % Current Liabilities 8,483 7,738 745 9.6% Non-Current Liabilities 9,530 8,557 973 11.4% Total Equity 20,470 18,576 1,894 10.2% Attributable to the owners of the parent company 17,603 16,023 1,580 9.9% Non-controlling interests 2,867 2,553 314 12.3% Total Equity and Liabilities 38,483 34,871 3,612 10.4% The total liabilities and equity of Enel Américas, as of September 30, 2026 increased by US$3,612 million compared to December 31, 2025, mainly as a result of: The Current Liabilities increased by US$745 million, equivalent to 9.6% mainly explained by: • Increase in other current financial liabilities of US$371 million mainly due to bank obligations from loans obtained and obligations with the public and transfers of these from the long term. • Increase in trade and other current payables of US$441 million, mainly explained by; (i) US$195 million of increase in dividends payable to third parties; (ii) US$141 million of higher regulatory liabilities in distribution companies in Brazil; (iii) US$128 million of increase in accounts payable for “low-income” subsidies. • Decrease in current accounts payable to related entities of US$197 million, mainly due to decrease in dividends payable to the parent Enel S.p.A. The Non-Current Liabilities increased by US$973 million, equivalent to 11.4%, and is mainly explained by: • Increase in other non-current financial liabilities (financial debt and derivatives) of US$828 million, fundamentally explained by; (i) US$417 million of debt obtained US$256 million in Brazil and US$162 million in Argentina; (ii) US$220 million due to the appreciation of the Colombian peso; and (iii) US$194 million due to the appreciation of the Brazilian real. The Total Equity increased by US$1,894 million, explained by: • The equity attributable to the owners of the parent company increased by US$1,580 million mainly due to; (i) US$902 million of increase from the profit for the period; (ii) US$515 million of decrease corresponding to the own-issue share acquisition program; and (iii) US$1,165 million of increase in other reserves, mainly due to; (a) US$924 million of higher positive translation differences; and (b) US$239 million from positive reserves, from the application of IAS 29 “hyperinflationary economies” in Argentina. • The non-controlling interests increased by US$314 million and are mainly explained by; (i) US$335 million of decrease from declaration of dividends; (ii) US$144 million of increase in other miscellaneous reserves explained by the inflation in Argentina; (iii) US$84 million of increase in other comprehensive income by the recognition of translation differences; and (iv) US$422 million from increase from the profit for the period.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 22 Evolution of the main financial indicators is as follows: Unit Sep-26 Dec-25 Sep-25 Change Var % Liquidity Current Ratio (1) Times 0.84 0.87 - (0.02) (2.6%) Quick Ratio (2) Times 0.76 0.80 - (0.04) (3.9%) Working Capital MMUS$ (1,331) (1,041) - (290) 27.9% Leverage Debt-to-Equity Ratio (3) Times 0.88 0.88 - 0.00 0.3% Short-Term Debt (4) % 47.1% 47.5% - (0.4) p.p. - Long-Term Debt (5) % 52.9% 52.5% - 0.4 p.p. - Financial Cost Coverage (6) Times 3.62 - 3.64 (0.02) (0.5%) Profitability Operating income/Operating revenue % 21.2% - 18.7% 2.6 p.p. - Annualized Return on Parent Company Equity (ROE) (7) % 7.3% - 5.1% 2.2 p.p. - Annualized Return on Assets (ROA) (8) % 4.7% - 3.2% 1.6 p.p. - (1) Corresponds to the ratio between (i) Current Assets and (ii) Current Liabilities. (2) Corresponds to the ratio between (i) Current Assets net of Inventories and Prepaid Expenses and (ii) Current Liabilities. (3) Corresponds to the ratio between (i) Total Liabilities and (ii) Total Equity. (4) Corresponds to the proportion of (i) Current Liabilities in relation to (ii) Total Liabilities. (5) Corresponds to the proportion of (i) Non-Current Liabilities in relation to (ii) Total Liabilities. (6) Corresponds to the ratio between (i) Gross Operating Income and (ii) Financial result net of Financial income. (7) Corresponds to the ratio between (i) the profit for the period attributable to the owners of the parent company for the trail ing twelve months as of September 30, 2026 and September 30, 2025, and (ii) the average between the equity attributable to the owne rs of the parent company at the beginning and at the end of the period. (8) Corresponds to the ratio between (i) the profit for the period attributable to the owners of the parent company for the trail ing twelve months as of September 30, 2026 and September 30, 2025, and (ii) the average of total assets at the beginning and at the end of the period. - The current ratio as of September 30, 2026 reached 0.84 times, lower by 2.6% compared to the indicator as of September 30, 2025, mainly explained by higher net debt and an increase in trade payables compared to December 2025. - The quick ratio as of September 30, 2026 reached 0.76 times, lower by 3.9% compared to the indicator as of September 30, 2025, mainly explained by the same reasons indicated above. - The working capital as of September 30, 2026 amounts to US$1,331 million negative, which represents a decrease of US$290 million compared to December 2025, also explained by higher net financial debt and an increase in trade and other payables. - The debt-to-equity ratio stands at 0.88 times higher by 0.3% than the value presented as of December 31, 2025. This variation mainly originates from a higher equity originated in the recognition of profits of US$1,324 million and higher positive translation differences of US$924 million, during the period ended September 30, 2026. - The financial cost coverage for the period ended September 30, 2026 was 3.62 times, which represents a decrease of 0.5% compared to the same period of 2025, mainly due to an increase in EBITDA from higher results in the distribution and generation businesses in Brazil and Colombia. - The profitability of the equity of the owners of the parent company (controlling) reached a ratio of 7.3% as of September 30, 2026, which compares with a positive profitability of 5.1% recorded in the same period of 2025. This increase is mainly explained by the better results obtained in Brazil and Colombia during the period ended September 30, 2026. - The return on assets was 4.7% as of September 30, 2026, representing an increase of 1.6 p.p. compared to the 3.2% presented when comparing the 2025 period. This increase is also mainly explained by the better results obtained in Brazil and Colombia during the period ended September 30, 2026.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 23 Main cash flows: CASH FLOWS (in millions of US$) Sep-26 Sep-25 Change Var % Operating Cash Flow 2,154 1,235 919 74.4% Investing Cash Flow (1,868) (1,908) 40 (2.1%) Financing Cash Flow (1,055) (1,323) 268 (20.3%) Net cash flow for the period (769) (1,996) 1,227 (61.5%) The net cash flow for the period was a negative amount of US$769 million for the period ended on September 30, 2026, which represents an increase of US$1,227 million compared to the same period of 2025, mainly as a result of: The net cash flows from operating activities reached US$2,154 million in the period ended September 30, 2026, representing an increase of 74.4%, equivalent to US$919 million compared to the same 2025 period. The net variation in cash flows from operating activities is mainly explained by; (i) US$3,832 million of higher collections from the sale of products and rendering of services; (ii) US$408 million of lower tax payments; (iii) US$348 million of lower payments to and on behalf of employees; (iv) US$51 million of higher collections from other operating activities; and (v) US$5 million of higher collections from royalties, fees, commissions and other revenues from ordinary activities. All of the foregoing was partially offset by; (i) US$2,844 million of higher payments to suppliers for the supply of goods and services; (ii) US$788 million higher payments for other operating activities; and (iii) US$94 million of higher payments corresponding to other cash inflows. The cash flows from (used in) investing activities generated a higher collection of flows of US$40 million as of September 30, 2026, when compared to the same period of 2025, which is mainly explained by; (i) US$738 million from higher proceeds from the sale of investments of more than 90 days; (ii) US$470 million corresponding to a restricted-use deposit, intended for the timely payment of the legal obligations arising from the process of acquiring own -issue shares of Enel Américas in 2025; and (iii) US$41 million of higher collections related to derivative instruments. All of the foregoing partially offset by positive effects originating from; (i) US$835 million from higher purchases of investments of more than 90 days; (ii) US$289 million from higher purchases of property, plant and equipment, intangibles and other long- term assets; (iii) US$56 million of higher payments related to derivative instruments; (iv) US$15 million of lower proceeds from the sale of property, plant and equipment and (v) US$10 million from lower interest obtained on investments. The cash flows from (used in) financing activities generated a lower cash outflow of US$268 million in the period ended September 30, 2026 compared to the same period of 2025, originating mainly from; (i) US$935 million of higher proceeds from bank loans and bond financing; (ii) US$423 million of lower dividend payments; and (iii) US$261 million of lower payments of loans to related companies. All of the foregoing was partially offset by; (i) US$569 million of higher payments for repayments of bank loans and obligations with the public; (ii) US$515 million in higher payments from the own -issue share acquisition process of Enel Américas; (iii) US$135 million of higher interest payments (iv) US$90 million of lower proceeds from loans with related companies; (v) US$38 million of higher net payments for other financing activities; and (vi) US$6 million of higher payments for lease liabilities.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 24 The following are the Disbursements for Additions of Property, Plant and Equipment and their Depreciation, for the period ended September 30, 2026 and 2025: PENDING COMPLETION Property, Plant and Equipment Information (in millions of US$) Disbursements for Additions of Property, Plant and Equipment, and Intangible Assets Depreciation and amortization COMPANY Sep-26 Sep-25 Var % Sep-26 Sep-25 Var % Enel Colombia Generation Segment 216 558 (61.3%) 88 66 33.3% EGP Cachoeira Dourada S.A. 1 1 0.0% 8 8 0.0% EGP Volta Grande 1 - n.a. 1 - n.a. Enel Distribución Sao Paulo S.A. (Eletropaulo) (*) 460 329 39.8% 194 188 3.2% Edesur S.A. 169 106 59.4% 150 118 27.1% Enel Distribución Rio (Ampla) (*) 278 189 47.1% 95 127 (25.2%) Enel Distribución Ceara (Coelce) (*) 305 230 32.6% 86 97 (11.3%) Enel Colombia Distribution Segment 334 - n.a. 129 103 25.2% Enel Generación Piura S.A. 4 - n.a. 7 7 0.0% Enel X Brasil 3 1 200.0% 5 5 0.0% Enel Green Power Brasil 48 104 (53.8%) 179 159 12.6% Enel Green Power Central America 9 21 (57.1%) 42 38 10.5% Total 1,828 1,539 18.8% 984 916 7.4% (*) Includes intangible assets for concessions
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 25 MAIN RISKS ASSOCIATED WITH THE ACTIVITY OF THE ENEL AMERICAS S.A. GROUP The Group’s activities are subject to a broad set of government regulations, and changes introduced to them could affect its activities, financial position and results of operations. The Group’s operating subsidiaries are subject to extensive regulations on tariffs and other aspects that govern their activi ties in the countries in which they operate. Consequently, the introduction of new laws or regulations, as well as the modification of existing laws or regulations, could impact their activities, financial position and results of operations. These new laws or regulations sometimes modify aspects of the regulation that may affect existing rights which, where applica ble, could have adverse effects on the Group’s future results. The Group’s activities are subject to extensive environmental regulations with which Enel Américas complies on an ongoing basis. Any modifications introduced in these matters could affect the activities, financial position and results of operations. Enel Américas and its operating subsidiaries are subject to environmental regulations, which, among other things, require env ironmental impact studies to be carried out for projects under study, the obtaining of licenses, permits and other mandatory author izations, and compliance with all requirements set forth in such licenses, permits and regulations. As with any regulated company, Enel Américas cannot guarantee that: Public authorities will approve such environmental impact studies; Public opposition will not result in delays or modifications of any proposed project; Laws or regulations will not be modified or interpreted in such a way as to increase expenses or affect the operations, plants or plans of the Group companies. The Group’s business activity has been planned to moderate potential impacts arising from changes in hydrological conditions. The operations of the Enel Américas group include hydroelectric generation and, therefore, depend on the hydrological conditi ons that exist at any given time in the broad geographic areas where the Group’s hydroelectric generation facilities are located. I f hydrological conditions produce droughts or other conditions that negatively influence hydroelectric generation activity, results could be adversely affected, which is why Enel Américas has defined as an essential part of its commercial policy not to contract 100% of its total capacity. In turn, the electricity business is affected by atmospheric conditions such as average temperatures that determine consumption. As is standard practice in bank loans and in capital market transactions, a portion of the financial indebtedness of Enel Américas is subject to cross-default provisions. If certain defaults are not cured, they could result in a cross default and, eventually, certain liabilities of Enel Américas could become due and payable. In relation to the credit line under New York State law, entered in September 2026 and maturing in September 2028, its early repayment could be triggered following the non-payment – after any applicable grace period – of debts of Enel Américas whose individual outstanding principal exceeds the equivalent of US$150 million. In addition, this credit line contains provisions under which certain events other than non-payment, at Enel Américas, such as bankruptcy, insolvency, final adverse court judgments for an amount exceeding US$300 milli on, among others, could cause the declaration of its acceleration. With respect to the Yankee bonds issued in 2016, maturing in 2026, their mandatory early repayment could be triggered due to the non- payment – after any applicable grace period – of any debt of Enel Américas individually or of any Significant Subsidiary (a s contractually defined) with a principal amount exceeding US$150 million, or its equivalent in other currencies. Whereas in the specific case of the Yankee bond issued in 1996, maturing in 2026, early repayment is triggered only by the default on payment of individual debt for an amount of US$30 million, or its equivalent in other currencies, by the Issuer or Debtor, with no reference to its foreign subsidiaries. There are no clauses in the credit agreements under which changes in the corporate or debt credit rating of Enel Américas, by the rating agencies, give rise to the obligation to make debt prepayments. For further background on the risk management policy, see Note 21 of the Consolidated Financial Statements of Enel Américas a s of September 30, 2026.
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PRESS RELEASE CONSOLIDATED FINANCIAL STATEMENTS ENEL AMÉRICAS GROUP AS OF SEPTEMBER 30, 2026 Page 26 BOOK VALUE AND ECONOMIC VALUE OF ASSETS Regarding the most important assets, the following should be mentioned: Property, plant and equipment are generally measured at their acquisition cost, net of the corresponding accumulated depreciation and of any impairment losses they have experienced. Property, plant and equipment, net of its residual value where applicable , is depreciated by distributing the cost of the different elements that comprise it on a straight-line basis over the estimated useful life years, which constitute the period in which the companies expect to use them. Such estimated useful life is reviewed periodically. Goodwill (lower value of investments or goodwill) generated in the consolidation represents the excess of the acquisition cost over the Group’s share in the fair value of the identifiable assets and liabilities, including contingent liabilities and the non -controlling interest, of a subsidiary company, at the acquisition date. Goodwill is not amortized, but at the close of each accounting period an estimate is made of whether any impairment has occurred that would reduce its recoverable amount to an amount lower than the recorded net cost, proceeding, where applicable, to the corresponding impairment adjustment (See Note 3.e) of the Consolidated Financial Statements. Throughout the year and mainly at its closing date, the Group assesses whether there is any indication that an asset may have suffered an impairment loss or a reversal thereof. If any indication exists, an estimate is made of the recoverable amount of such asset in order to determine, where applicable, the amount of the impairment. If these are identifiable assets that do not generate cash flows independently, the recoverability of the Cash-Generating Unit (CGU) to which the asset belongs is estimated, understood as the smallest identifiable group of assets that generates independent cash inflows. Assets expressed in foreign currency are presented at the exchange rate in effect at the close of the year. Accounts and notes receivable from related companies are classified according to their maturity as short and long term. Transactions are conducted under arm’s-length conditions similar to those prevailing in the market. In summary, assets are presented valued in accordance with International Financial Reporting Standards, whose criteria are set out in Notes No. 2 and 3 of the Consolidated Financial Statements of Enel Américas as of September 30, 2026.