Fourth Quarter 2025 Earnings Presentation

This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 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These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; disruptions in trade caused by political, social or economic instability in regions where our components and materials are made; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; exposure to market prices in some of our offtake contracts; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives or benefits for, or regulations mandating the use of, renewable energy; our ability to effectively manage the global expansion of the scale of our business operations; our ability to perform to expectations in our new line of business involving the construction of PV systems for municipalities in Israel; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs and our ability to mitigate their impacts, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with increasingly complex tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel, including the ongoing war in Israel, where our headquarters and some of our wind energy and solar energy projects are located; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and the other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”), as may be updated in our other documents filed with or furnished to the SEC. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this presentation. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Unless otherwise indicated, information contained in this presentation concerning the industry, competitive position and the markets in which the Company operates is based on information from independent industry and research organizations, other third- party sources and management estimates. Management estimates are derived from publicly available information released by independent industry analysts and other third-party sources, as well as data from the Company's internal research, and are based on assumptions made by the Company upon reviewing such data, and the Company's experience in, and knowledge of, such industry and markets, which the Company believes to be reasonable. In addition, projections, assumptions and estimates of the future performance of the industry in which the Company operates, and the Company's future performance are necessarily subject to uncertainty and risk due to a variety of factors, including those described above. 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A reconciliation between Adjusted EBITDA and Net Income, its most directly comparable IFRS financial measure, is contained in the tables below. The Company is unable to provide a reconciliation of Adjusted EBITDA to Net Income on a forward-looking basis without unreasonable effort because items that impact this IFRS financial measure are not within the Company’s control and/or cannot be reasonably predicted. These items may include, but are not limited to, forward-looking depreciation and amortization, share based compensation, other income, finance income, finance expenses, share of losses of equity accounted investees and taxes on income. Such information may have a significant, and potentially unpredictable, impact on the Company’s future financial results. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. 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1Revenues and income include revenues from the sale of electricity and income from tax benefits income from U.S. projects. 2Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income Excellent quarterly and full-year financial results - 46% growth in Revenues and Income¹ for the quarter and full year; 51% growth in Adjusted EBITDA² for the quarter and full year, outperforming guidance Execution momentum: Record operational capacity additions of ~900 FMW; record year for construction - 4.4 FGW under construction; mature portfolio component grew by 34% YoY, reaching 11.4 FGW New growth engines in 2025: Data Centers: Entry into development and operations via Ashalim flagship project; pursuing U.S. and EU opportunities Entry to Germany with the acquisitions of Bertikow and Jupiter projects, large scale storage assets 2026 is expected to mark a major step for Enlight - 10.4-11.4 FGW expected to be operating or under-construction by year end, representing an annual run-rate of ~$2bn in revenues and income, out of expected ARR of $2.1-$2.3bn by year-end 2028 2026 Guidance - Revenues and Income in the range of $755-785m and Adjusted EBITDA in the range of $545-565m, implying continued high growth Record 2025 performance; positioned for step-up growth in 2026

Financial Results - Continued Momentum in 4Q 2025

2025 Results: High Growth Rate in Revenues & Income, EBITDA and Net Profit 1Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income; 2Interest payments and receipts are classified as cash flows from financing and investing activities, respectively, rather than as cash flows from operating activities. Adjustments were made for the years 2023–2025 following a change in accounting policy; for further details, see Appendix 4 in the Earning release 2025 vs 2024, $m Revenues & income Adjusted EBITDA1 Cash flow from operations2 Net profit 2025 2024 2025 2024 2025 2024 2025 2024 Sale of 44% of the Sunlight cluster contributed $80m Sale of 44% of the Sunlight cluster contributed $42m 46% 51% 142% 11%

4Q 2025: 46% increase in revenues & income and 51% in Adjusted EBITDA 4Q25 vs 4Q24, $m 4Q25 4Q24 4Q25 4Q24 4Q25 4Q24 4Q25 4Q24 1Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income; 2Interest payments and receipts are classified as cash flows from financing and investing activities, respectively, rather than as cash flows from operating activities. Adjustments were made for the years 2023–2025 following a change in accounting policy; for further details, see Appendix 4 in the Earning release 46% 51% 153% 38% Revenues & income Adjusted EBITDA1 Cash flow from operations2 Net profit

1Revenues and income include revenues from the sale of electricity and income from tax benefits income from U.S. projects amounting to $94m; 2Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income Actual Revenues & Income1 ($m) Updated guidance range Adjusted EBITDA2 ($m) Actual Updated guidance range Fourth quarter outperformance drove 2025 guidance beat +4% From midpoint 438 582 +7% From midpoint 565 555 415 405

Business Plan Execution - Expanding and Advancing Enlight’s Project Portfolio

Earlier than expected commercial operation for two projects totaling 0.8 FGW, doubling U.S. operating portfolio New Mexico Location 128 MW + 400 MWh Capacity Operational Status $22-23m / $15-16m First YearRevenues / EBITDA 10.1%-10.5%1,2 Unlevered Return1 Quail Ranch Arizona Location 298 MW + 940 MWh Capacity Operational Status $51-54m / $40-42m First YearRevenues / EBITDA 13.9%-14.3%1,2 Unlevered Return1 Roadrunner 1Net construction costs assume receipt of certain ITC and PTC credits under the IRA and are net of the estimated value of these credits. PTC assumption is based on the project’s expected production and a yearly CPI indexation of 2%, discounted by 8% to COD. The relevant ITC rate is 40%. The net cost does not reflect the full tax equity investment, only the estimated value of the tax credits; 2Excluding tax benefits WECC (Non-CAISO) AZ NM TX CA NV OR WA UT CO WY ID MT Atrisco Apex

Construction commenced at the CO Bar complex, Enlight’s flagship project, with a capacity of 2.4 FGW and $3b investment CO Bar Complex – a five-phase flagship project Coconino Arizona Flagstaff, Arizona, USA Location 1,211 MW + 4,000 MWh Capacity H2 2027 - H1 2028 COD date 20 years, BUSBAR PPA with SRP & APS PPA duration and Counterparty $1,550-1,630m / $264-278m / $209-219m Net Capex1 / First Year Revenues / EBITDA 13.1-13.5% Unlevered Return1 Significant progress in the last quarter 1 GW grid interconnection agreement for the entire complex Construction2 commenced for Phases 1 and 2 of the complex, totaling 973 FMW Phases 4 and 5 advanced to “Pre-construction”2 status, totaling 907 FMW Energy Supply Agreement (ESA) executed for Phases 4 and 5, representing 50% of the complex’s annual revenues Continued advancement of Phase 3 toward construction, totaling 473 FMW Expansion of the complex as part of our Connect and expand strategy - follow-on projects significantly enhance total returns 1Net construction costs assume receipt of certain ITC and PTC credits under the IRA: 40% for the entire project (including a 10% Energy Community bonus); 2Enlight’s classification of projects in its pipeline is based on internal parameters. In practice, as noted in the Form 6‑K dated February 2, 2026, Phases 1 and 2 have moved to construction with workforce mobilization (“Mobilization”). Phases 3-5 have commenced certain construction activities, and full mobilization is expected within the next 12 months

Expanding presence in two of Europe’s fastest-growing energy storage markets In 4Q and throughout 2025, Enlight capitalized on this opportunity Continued growth in the German and Polish storage markets: Acquisition of 51% of the Jupiter project (Germany 150 MW + 2,000 MWh, expected to start construction in 2026) Acquisition of the Sokole project (Poland, 967 MWh in advanced development) This follows the acquisition of Bertikow in Germany and Edison in Poland (1.1 GWh) in 3Q 1Source: EMBER -2030 Global Renewable Target Tracker; 2Calculated as expected first full year EBITDA divided by project construction cost. 150 MW + 2,000 MWh 2H28 Expected COD $100-105m Expected first full year revenues Germany is Europe's largest renewable energy market1, with the highest renewable growth targets and supportive regulation By 2030, renewables are expected to supply 50-75% of generation in Enlight’s key European markets, creating high demand for storage solutions - a growth driver for Enlight Enlight identified the storage opportunity in Europe, particularly in Germany and Poland Energy generation from renewable sources1 2025 vs. 2030 targets, (Wind and solar, GW) $82-87m Expected first full year EBITDA Approx. 15% Unlevered return2 Jupiter Enlight is present in 4 out of the 5 largest growth markets in Europe 45% 42% 25% 13% 25% 46% 44% 26% 71% 43% 33% Current generation mix – Wind & Solar

1Operating, under construction, and pre-construction projects. 2Revenues and income includes revenues from the sale of electricity and income from tax benefits. 12 Project Atrisco (1,200 MWh), New Mexico, U.S. Mature portfolio1 storage capacity – 6.5x in 3 years Representing 48% of the mature Portfolio expected revenues 4Q25 additions: 2025 Adv. dev 2025 Dev. 2025 total portfolio storage capacity +2,000 MWh Battery storage capacity (GWh) 86% CAGR $950-1,000m annual rev. & income2 run rate +455 MWh +3,176 MWh 33.4 10.0 61.0 ~50% expansion in the Mature Storage Portfolio in 4Q: from 11.8 GWh to 17.5 GWh +75 MWh

11.4 FGW Components of the Mature Portfolio Under construction 3.5 FGW Pre-construction 4.0 FGW Advanced development 6.4 FGW Development 20.2 FGW Operational 3.9 FGW1 FGW (Factored GW) is the company’s consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. Total portfolio FGW 38 Enlight’s global portfolio totals 38 FGW, including 11.4 FGW in the mature portfolio FGW = GW + GWh / 3.5

Start of 4Q25 Operational Pre-construction Advanced development Development Under const. 1FGW (Factored GW) is the company’s consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. Current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5. 116 FMW 368FMW 808 FMW 1,208 FMW 907 FMW 110 FMW 27 FMW 282 FMW 234FMW Record portfolio advancement in the quarter across multiple geographies and development stages

11.4 FGW Components of the Mature Portfolio In addition, over 100 MW IT Data center in Ashalim is not included in the portfolio 19% Op’ing 3.9 FGW1 Under const. 3.5 FGW Pre-construction 4.0 FGW Advanced development 6.4 FGW Development 20.2 FGW 1FGW (Factored GW) is the company’s consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. Current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5. Today Acquisitions in Europe with a focus on stand-alone storage 808 FMW 368FMW 721 FMW 45 FMW 1,208 FMW 116 FMW 907 FMW 110 FMW 276 FMW 282 FMW 27 FMW 234FMW Record portfolio advancement in the quarter across multiple geographies and development stages

~$2 billion Expected revenues & income of the Mature portfolio, an increase of $400 million from the prior quarter $750-770m Revenues & income Begins construction in 2028+ In addition, over 100 MW IT Data center in Ashalim is not included in the portfolio Commence operations in 2026-27 Begins construction in the next 12 months Begins construction in the next 13-24 months ~$700m Revenues & income ~$600m Revenues & income Operational 3.9 FGW1 Under construction 3.5 FGW Pre-construction 4.0 FGW Advanced development 6.4 FGW Development 20.2 FGW The Mature portfolio is expected to generate $2bn of revenues & income 1FGW (Factored GW) is the company’s consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. Current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5.

17.9 FGW Completed System Impact Study 13.2 FGW Safe Harbored ~4.3 FGW secured during the last 3m ~0.5-3.5 FGW Potential Safe Harbor additions during 1H 2026 Portfolio category Capacity (FGW) % Completed System Impact Study % Secured Safe Harbor1 Additional capacity expected to Safe Harbor by June 2026 Operating 1.6 100% 100% - Under construction 2.9 100% 100% - Pre-construction 2.0 100% 100% - Advanced development 4.6 89% 89% 11% Development 13.8 53% 19% up to ~22% Total portfolio 24.9 18 FGW of U.S. capacity with high likelihood to achieve grid interconnection, 13.2 secured Safe Harbor 1Securing Safe Harbor status and grid interconnection agreement do not guarantee the project's completion. Actual project completion is subject to meeting development milestones and market conditions

2026 Outlook

2026 Business Plan: Project CODs & construction momentum, expanding growth engines 1FGW (Factored GW) is a consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. The company’s current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5; 2Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income; Approximately 1.1 FGW1 are expected to reach COD, implying approximately $137 million addition to annualized revenue and income and $109 million to annualized EBITDA2 2026 is expected to be a step-change year in construction: 3-4 FGW are expected to begin construction during 2026, including CO Bar 3-5, Jupiter and Bertikow 6.5-7.5 FGW are expected to be under construction during 2026, supporting an increase in annual revenues and income from $0.8bn at year-end 2025 to ~$2bn by year-end 2028 Significant growth expected in the mature portfolio during the year Expanding operation in data centers 2026 outlook: CODs and mega-projects construction in various geographies

1FGW (Factored GW) is a consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. The company’s current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5. Construction Momentum: almost the entire mature portfolio operational or under construction in 2026 11.4 Mature Portfolio Component Under construction Will begin construction in ‘26 ~3-4 3.5 ~6.5-7.5 2026 plan: FGW1 by status - operational or under construction In addition to 3.9 FGW operational, 6.5-7.5 FGW expected to be under construction during 2026, of which 3.5 FGW have already began construction 90-100% of the mature portfolio: operating or under construction in 2026 Fully ramped operation of the mature portfolio is expected to position Enlight for an expected ARR of over $2 billion by year-end 2028

2026 Guidance Revenues & Income of $755-785m; Adjusted EBITDA of $545-565m Assumptions Exchange rates are based on 2026 forward3 curves Revenue breakdown by currency: 39% in USD, 34% in ILS, 27% in EUR Approximately 90% of production to be sold at fixed prices through hedges or PPA agreements 2026 guidance ($m) Revenues and income1 2026 guidance Adjusted EBITDA2 ($m) 565 545 785 755 438 582 2025 2025 1Total revenues include electricity sales revenue as well as tax benefit revenues from U.S. projects estimated $160-180m; 2Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income; 3Source: Bloomberg +32% at Midpoint +27% at Midpoint

Enlight’s strong and consistent growth momentum is expected to continue in 2026 Revenues & Income1 ($m) Adjusted EBITDA2 ($m) 39% CAGR 40% CAGR 1Revenues and income include revenues from the sale of electricity and income from tax benefits income from U.S. projects; 2Adjusted EBITDA is a non-IFRS measure. Please see the appendix of this presentation for a reconciliation to Net Income

Business Plan: 3X growth in 3 years, reaching a revenue run-rate of over $2 billion1 by end-2028 1Based on 2026 guidance added to revenues & income (sale of electricity, tax benefits) of projects in the under construction and pre-construction portions of the Mature portfolio, and advanced development projects with an expected COD in 2028

Additional details in the appendix Declining weighted average cost of capital Rising electricity prices Demand for electricity is soaring, driven by growth in data centers and AI Attractive equipment costs (panels and batteries) Regulatory clarity in the U.S. The business environment supports continued growth with high returns

Electricity demand for data centers (US)TWh 2023 2024 Additional demand starting 2026 2025 2026 2027 2028 2029 2030 Massive annual increase in incremental electricity demandTWh Tech-Energy deals 65% $4.75bn Acquired by $650mn A Data center complex was acquired by 22% CAGR Additional demand in 2025 20% of a Data center development JV Tech giants Capex investments $bn 60% CAGR AI requires accelerated development of data centers, increasing electricity demand Source: McKinsey & Company, Morgan Stanley Research

ARR1 expected to exceed $2bn by year-end 2028, with rising share of project ownership Mature portfolio run‑rate expectations rose by ~$400m this quarter, accounting for ~90% of the 2028 plan 1Expected Adjusted EBITDA margin of approximately 70%-80% (including tax benefits) for the years shown; 2FGW (Factored GW) is a consolidated metric combining generation and storage capacity into a uniform figure based on the ratio of construction costs. The company’s current weighted average construction cost ratio is 3.5 GWh of storage per 1 GW of generation: FGW = GW + GWh / 3.5; 3The expected growth in 2028 encompasses the Company’s operations in all geographies. Expected growth relies on business plans which rely on development conditions and assumptions regarding electricity prices, and are contingent on current trends known to the Company at this time; 4The company's revenues from tax benefits are estimated at approximately 22-26% of the total revenue run rate for December 2026, and approximately 27-31% of the total revenues & income run rate for December 2027 and December 2028. Mature portfolio: 11.4 FGW Mature portfolio: $2bn Weighted average of Enlight’s share of revenues and income Annual recurring revenues & income run rate roadmap1,3,4 ($bn) Global operating capacity roadmap2,3 (FGW) 43% CAGR 42% CAGR 77% 91% 86% 87% 91%

Average historic return on operating assets (3.9 FGW) above 15% Under construction and pre-construction projects (7.5 FGW) maintain high returns: Sustaining 3X growth rate every three years with ROE above 18% ~12-13% Unlevered project returns EBITDA1 First year expected ~$700m Expected net Capex2 ~$5,350m = Reflects a return on equity of above 18% After leverage 1Projected results do not include tax benefits; 2Net construction costs assume receipt of certain ITC and PTC credits under the IRA and are net of the estimated value of these credits. The PTC value is estimated based on the project’s expected annual production and a yearly CPI indexation of 2%, discounted by 8% to COD. In assessing the value of the ITC, a step-up adjustment has been made to reflect the full value of the tax credits, thus lowering net construction costs and enhancing the value and return of the project. The actual value attributed to tax benefits in a tax equity transaction may differ from the value presented, subject to the structure of the transaction and prevailing market conditions.

Appendix

EU Expanding presence in Germany (Jupiter, 2,000 MWh+150MW) and Poland (Sokole, 967 MWh) with strategic storage assets. Nardo Italy - securing PPA for most of the PV project and receiving final construction permits Securing grid connection permits for battery storage projects in Poland for additional 0.8 GWh, bringing the total to 2 GWh Continued progress of greenfield projects in Italy, Poland and other regions MENA Receiving construction permits for Ohad High Voltage storage project (645 MWh) Continuing development and connection expansion of Ashalim project Signed 18 agreements in the Agrivoltaic sector this quarter, totaling 49 agreements (2 FGW) it the last 12 months Reached 2 electricity‑supply agreements between Enlight Enterprise and large local companies Achievements during the 4th quarter U.S. Completed development of the CO Bar complex, totaling 2.4 FGW: receiving grid‑interconnection approval and finalizing all PPAs Operating portfolio doubled with the additions of Roadrunner (567 FMW) and Quail Ranch (242 FMW) Start of construction in Co Bar 1+2 (973 FMW) and Crimson Orchard (234 FMW) Mature Portfolio expansion by 907 FMW: Co Bar 4+5 entered Pre-Construction phase Additional 4.3 FGW of Safe Harbor for U.S. projects, reaching 13.2 FGW in total

“Connect & Expand” strategy maximizes interconnection potential and returns Advantages of “Connect & Expand” utilizing existing infrastructure saves construction costs utilizing existing interconnect reduces development risks Adding energy storage to existing projects Rapid growth with high returns Strategy focus: Identifying and acquiring significant grid interconnections, leveraging them to build additional projects on the same site, while maximizing returns EU+MENA 1.1 GW + 6.9 GWh 3.1 FGW USA 0.2 GW + 1.4 GWh 0.7 FGW 3.8 FGW of expansions at existing projects planned for construction in 2025-27 Shortening time to COD

Graph, scale Generation, MW Storage, MWh Portfolio definitions Operational, under construction and pre-construction (expected to start construction within 12 months) Mature Component Projects which are expected to begin construction within 13 to 24 months of the Approval Date Advanced Phase The rest of the projects in development process Development Phase Portfolio Snapshot – 38 FGW within Total Portfolio Note: Portfolio information as of February 16, 2026 (“the Approval Date”); Projects that are not consolidated in our financial statements are reflected at their proportional share Advanced Phase Under Construction Operational Pre-Construction Mature Phase Projects Development Phase Total Portfolio 0-12 months until start of construction 13-24 months until start of construction 2,944 6,402 1,336 9,281 2,122 33,281 10,152 60,957 17,525 4,843 10,713 3,457 20,572 3,401 + + + + + + + 38 FGW 11.4 FGW

1CBRE, McKinsey & Company, Data Center Demand Model (2025 projection); 2McKinsey & Company AI applications as the main growth driver – 3.5X by 2030 Global growth in data centers1 Rising U.S. data center power demand2 Data centers represent up to 40% of the total increase in U.S. electricity demand by 2030 Growing data center capacity drives demand for electricity U.S. data center energy consumption TWh Share of total U.S. power demand 3.7% 11.7% Global data center capacity growth GW The U.S. data center’s electricity consumption is expected to triple, reaching approximately 12% of total electricity used by 2030.

1Ember, IEA. 2 U.S. Energy Information Administration, S&P Global Increasing demand for electricity in the U.S.2 Electricity’s share of total energy consumption is steadily increasing Soaring global demand for power1 The rate of growth of electricity demand has risen in recent years. Electricity’s share of total energy consumption is expected to rise from 21% today to 27% by 2030 in a conservative scenario, and to exceed 30% in net-zero emissions scenarios TWh Net zero emissions scenario 3.1% CAGR 2000 2010 2020 2030E 2005 2015 2025E Data centers and AI drive the growth in electricity generation Demand for electricity is rising globally U.S. Electricity Generation TWh Increased use of home electrical appliances Improved energy efficiency Demand from electrification, onshoring of industry, data centers & AI Among the factors driving growth: increased industrial activity in the U.S.; surge in data center buildout; the growing use of advanced AI models. E E

Forecast for global energy storage equipment prices Source: Energy Storage System Cost Survey 2024 – Bloomberg NEFm 4-hour Energy Storage System. BOS - Includes electrical infrastructure, containers, thermal management system, fire suppression devices, battery operation monitoring system and sensors. Unprecedented declines in equipment input costs Major historic declines in the solar panel and battery costs Source: Bloomberg 2020 2035E 2025E 2030E $ per kilowatt-hour, (real 2025)

LCOE - Levelized Cost of Electricity1 Attractive renewables production costs in the U.S. $ / MWh 2Regional solar and storage LCOE Enlight’s main market in the U.S. 1Wood Mackinze April 2025 ; 2By selected representative states: PJM - Virginia , CAISO - California, ERCOT - Texas, WECC – Arizona; 3 LEVELTEN Energy 3Q 2025 PPA Price Index NA Solar energy and storage offer the cheapest solution Increasing spreads between equipment costs and electricity prices PPA pricing in the U.S.3 A shortage of projects leads to rising prices Solar +99%1Q21 – 4Q25

Reconciliation between Net Income to Adjusted EBITDA ($ thousands) For the year ended For the three months ended Dec 31, 2025 Dec 31, 2024 Dec 31, 2025 Dec 31, 2024 Net Income (loss) 160,702 66,505 21,073 8,372 Depreciation and amortization 149,922 108,889 39,763 30,912 Share based compensation 10,470 8,360 5,423 2,333 Finance income (40,851) (20,439) (4,559) (2,140) Finance expenses 164,730 107,844 28,273 22,008 Gains from projects disposals (*) (54,597) - - - Non-recurring other income, net (**) - (3,669) - - Share of losses of equity accounted investees 3,722 3,350 (182) 1,613 Taxes on income 43,875 18,275 8,792 2,121 Adjusted EBITDA 437,973 289,115 98,583 65,219 * Profit from revaluation linked to partial sale of asset. ** Recognition of income related to lower earn-out payments offset by a revaluation in the value of financial assets.