UPDATE 1-Enagas swings to profit in 2025

Adds earnings details in paragraph 3

MADRID, Feb 17 (Reuters) - Spanish gas grid operator Enagas ENAG.MC said on Tuesday it surpassed its targets last year as it swung to a 339.1 million euro ($401.6 million) profit, helped by asset sales, the upwards revision of the amount it was awarded in an arbitration on an investment in Peru and costs control.

This compares with a net loss of 299.3 million euros in 2024, dragged by a capital hit related to the sale of an asset in the United States.

Excluding one-offs, 2025 profit was 266.3 million euros and earnings before interest, taxes, depreciation and amortisation were 675.7 million euros, slightly above targets of 265 million euros and 670 million euros, respectively.

($1 = 0.8445 euros)

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