Fall in wholesale energy prices sees ESB profits fall to €706m

Energy company's turnover dropped from €8.8bn in 2023 to €7.3bn last year

Despite its drop in earnings, CFO Mr Stapleton commended a "solid performance" for the company. Picture Dan Linehan

ESB saw its earnings drop last year with continued falls in wholesale energy prices dampening profits.

Publishing its annual report on Thursday, ESB's after-tax profit fell by almost 20% to €706m in 2024, while turnover dropped from €8.8bn in 2023 to €7.3bn last year.