Hydrogen-enriched natural gas (HENG) has attracted widespread attention due to its lower pollutant emissions and industrial decarbonization in the past decades. HENG combustion boosts the water content in the flue gas, which is highly favorable for condensing boilers to recover additional latent heat. The energy saving and thermal performance of a condensing boiler burning HENG were evaluated at a constant heat load of 2.8 MW in this study. The variations in combustion products and boiler efficiency were investigated based on the material balance and energy conservation. The heat transfer calculations were employed to evaluate the thermal performance of boiler heating surfaces. The energy recovery performance of the condenser was assessed via a thermal design method. Results show that H₂ enrichment enhances the radiation intensity of the flame due to the incremental triatomic gases with higher emissivity in the furnace. The heat absorption ratio increases with H₂ enrichment in the radiative heating surface, while it shows a reverse tendency in the convective heating surface. The condensing boiler efficiency based on lower heating value increases from 101.83% to 110.60%, the total heat transfer rate of the condenser increases from 2.77 × 10⁵ W to 4.61 × 10⁵ W, and the total area required decreases from 46.45 m² to 42.16 m², as the H₂ enriches from 0 to 100% under the exhaust flue gas temperature of 318 K. Although the amount of recoverable heat in the exhaust flue gas increases considerably after H₂ blending, the original condenser with natural gas as the designed fuel could meet the requirements of the heat recovery for HENG without increasing the extra heating surface. When the H₂ fraction is enriched from 0 to 100%, CO₂ emission intensity drops from 6.05 × 10⁻⁸ kg J⁻¹ to 0. This work may offer some theoretical references for the application and generalization of HENG condensing boilers.