diff --git a/esphome/yaml_util.py b/esphome/yaml_util.py
index 5fb95fa0d5c..65309d9cdc1 100644
--- a/esphome/yaml_util.py
+++ b/esphome/yaml_util.py
@@ -391,6 +391,7 @@ def _load_include_candidates(
     include: IncludeFile,
     *,
     warn_on_unresolved: bool,
+    warn_on_load_error: bool,
     seen: set[int],
     expanded_paths: set[Path],
     keepalive: list[Any],
@@ -422,12 +423,12 @@ def _load_include_candidates(
         try:
             loaded = include.with_file(candidate.as_posix()).load()
         except (EsphomeError, Invalid) as err:
-            # Unlike an unresolved pattern (expected during the discovery
-            # re-parse), a matched on-disk candidate that fails to load is a
-            # genuine user error; warn in every mode. The file itself is
-            # still tracked (the load listener fires before parsing), only
-            # its nested includes go undiscovered.
-            _LOGGER.warning(
+            # A matched on-disk candidate that fails to load is a genuine user
+            # error; callers that report ``result.errors`` themselves pass
+            # warn_on_load_error=False so it is not logged twice. The file
+            # itself is still tracked (the load listener fires before
+            # parsing), only its nested includes go undiscovered.
+            (_LOGGER.warning if warn_on_load_error else _LOGGER.debug)(
                 "Failed to load candidate %s for !include %s: %s",
                 candidate,
                 include.file,
@@ -441,6 +442,7 @@ def _load_include_candidates(
         _force_load_include_files(
             loaded,
             warn_on_unresolved=warn_on_unresolved,
+            warn_on_load_error=warn_on_load_error,
             _seen=seen,
             _expanded_paths=expanded_paths,
             _keepalive=keepalive,
@@ -475,7 +477,7 @@ class ForceLoadResult(NamedTuple):
 
 
 def force_load_include_files(
-    obj: Any, *, warn_on_unresolved: bool = True
+    obj: Any, *, warn_on_unresolved: bool = True, warn_on_load_error: bool = True
 ) -> ForceLoadResult:
     """Recursively resolve any deferred ``IncludeFile`` instances in a YAML tree.
 
@@ -491,11 +493,16 @@ def force_load_include_files(
     expression could select. By default a warning is logged when no candidate
     exists; pass ``warn_on_unresolved=False`` (used by discovery paths that
     run on a fresh re-parse where substitutions haven't been applied yet) to
-    demote it to a debug log.
+    demote it to a debug log. Includes that fail to load are logged as
+    warnings too; callers that report ``errors`` themselves pass
+    ``warn_on_load_error=False`` so each failure is shown once.
     """
     result = ForceLoadResult([], [])
     _force_load_include_files(
-        obj, warn_on_unresolved=warn_on_unresolved, _result=result
+        obj,
+        warn_on_unresolved=warn_on_unresolved,
+        warn_on_load_error=warn_on_load_error,
+        _result=result,
     )
     return result
 
@@ -504,6 +511,7 @@ def _force_load_include_files(
     obj: Any,
     *,
     warn_on_unresolved: bool = True,
+    warn_on_load_error: bool = True,
     _seen: set[int] | None = None,
     _expanded_paths: set[Path] | None = None,
     _keepalive: list[Any] | None = None,
@@ -532,6 +540,7 @@ def _force_load_include_files(
             _load_include_candidates(
                 obj,
                 warn_on_unresolved=warn_on_unresolved,
+                warn_on_load_error=warn_on_load_error,
                 seen=_seen,
                 expanded_paths=_expanded_paths,
                 keepalive=_keepalive,
@@ -541,7 +550,7 @@ def _force_load_include_files(
         try:
             loaded = obj.load()
         except (EsphomeError, Invalid) as err:
-            _LOGGER.warning(
+            (_LOGGER.warning if warn_on_load_error else _LOGGER.debug)(
                 "Failed to load !include %s (referenced from %s): %s",
                 obj.file,
                 obj.parent_file,
@@ -552,6 +561,7 @@ def _force_load_include_files(
         _force_load_include_files(
             loaded,
             warn_on_unresolved=warn_on_unresolved,
+            warn_on_load_error=warn_on_load_error,
             _seen=_seen,
             _expanded_paths=_expanded_paths,
             _keepalive=_keepalive,
@@ -565,6 +575,7 @@ def _force_load_include_files(
             _force_load_include_files(
                 value,
                 warn_on_unresolved=warn_on_unresolved,
+                warn_on_load_error=warn_on_load_error,
                 _seen=_seen,
                 _expanded_paths=_expanded_paths,
                 _keepalive=_keepalive,
@@ -578,6 +589,7 @@ def _force_load_include_files(
             _force_load_include_files(
                 item,
                 warn_on_unresolved=warn_on_unresolved,
+                warn_on_load_error=warn_on_load_error,
                 _seen=_seen,
                 _expanded_paths=_expanded_paths,
                 _keepalive=_keepalive,
@@ -637,7 +649,7 @@ def discover_user_yaml_files(config_path: Path) -> DiscoveredYamlFiles:
                     list(loaded), secrets, load_errors=[f"{config_path}: {err}"]
                 )
             unresolved, load_errors = force_load_include_files(
-                data, warn_on_unresolved=False
+                data, warn_on_unresolved=False, warn_on_load_error=False
             )
         finally:
             _load_listeners.remove(_capture_secret)
diff --git a/tests/component_tests/packages/test_packages.py b/tests/component_tests/packages/test_packages.py
index 0107314947a..fd7e9f12786 100644
--- a/tests/component_tests/packages/test_packages.py
+++ b/tests/component_tests/packages/test_packages.py
@@ -652,11 +652,11 @@ def test_get_remote_package_sources_records_each_fetch_once(
     }
     packages_pass(config)
 
-    sources = get_remote_package_sources()
-    assert sorted(sources, key=lambda source: source.url) == [
-        RemotePackageSource("https://github.com/esphome/repo-a", "main"),
+    # packages are processed last to first, so repo-b is fetched before repo-a
+    assert get_remote_package_sources() == (
         RemotePackageSource("https://github.com/esphome/repo-b", None),
-    ]
+        RemotePackageSource("https://github.com/esphome/repo-a", "main"),
+    )
 
 
 @patch("esphome.yaml_util.load_yaml")
diff --git a/tests/unit_tests/test_bundle.py b/tests/unit_tests/test_bundle.py
index 6a086767840..fe4bf197157 100644
--- a/tests/unit_tests/test_bundle.py
+++ b/tests/unit_tests/test_bundle.py
@@ -1363,7 +1363,8 @@ def test_discover_files_candidate_outside_config_dir_skipped(
 def test_discover_files_nested_include_load_failure(
     tmp_path: Path, caplog: pytest.LogCaptureFixture
 ) -> None:
-    """A nested !include pointing at a missing file is logged and skipped."""
+    """A nested !include pointing at a missing file is reported in the bundle
+    summary, not a second time by yaml_util, and skipped."""
     config_dir = _setup_config_dir(tmp_path)
     (config_dir / "test.yaml").write_text(
         "esphome:\n  name: test\nwifi: !include missing.yaml\n"
@@ -1374,10 +1375,12 @@ def test_discover_files_nested_include_load_failure(
 
     paths = [f.path for f in files]
     assert "test.yaml" in paths
+    warnings = [r.message for r in caplog.records if r.levelname == "WARNING"]
     assert any(
-        "failed to load !include" in r.message.lower() and "missing.yaml" in r.message
-        for r in caplog.records
+        m.startswith("Bundle may be incomplete") and "missing.yaml" in m
+        for m in warnings
     )
+    assert not any("failed to load !include" in m.lower() for m in warnings)
 
 
 def test_force_load_skips_duplicate_include_file() -> None:
diff --git a/tests/unit_tests/test_yaml_util.py b/tests/unit_tests/test_yaml_util.py
index 914b1948070..f0bfebcb8ac 100644
--- a/tests/unit_tests/test_yaml_util.py
+++ b/tests/unit_tests/test_yaml_util.py
@@ -1309,6 +1309,20 @@ def test_force_load_include_files_warns_on_load_failure(
     assert result.unresolved == []
 
 
+def test_force_load_include_files_load_failure_quiet_when_caller_reports(
+    patch_include_file: None,
+    caplog: pytest.LogCaptureFixture,
+) -> None:
+    """With warn_on_load_error=False the failure is still returned but only
+    logged at debug, so a caller that reports it does not duplicate it."""
+    stub = _StubInclude("missing.yaml", raise_on_load=EsphomeError("boom"))
+    with caplog.at_level("DEBUG", logger="esphome.yaml_util"):
+        result = force_load_include_files({"k": stub}, warn_on_load_error=False)
+    assert result.errors == [f"{stub.file}: boom"]
+    failures = [r for r in caplog.records if "Failed to load !include" in r.message]
+    assert [r.levelname for r in failures] == ["DEBUG"]
+
+
 def test_discovered_yaml_files_holds_files_and_secrets() -> None:
     """`DiscoveredYamlFiles` is a small data carrier."""
     files = [Path("/tmp/a.yaml")]
@@ -1617,9 +1631,9 @@ def test_discover_user_yaml_files_many_candidates_keep_nested_includes(
 def test_discover_user_yaml_files_bad_candidate_still_tracked(
     tmp_path: Path, caplog: pytest.LogCaptureFixture
 ) -> None:
-    """A matched candidate that fails to parse warns even during discovery,
-    stays tracked (the load listener fires before parsing), and doesn't block
-    other candidates."""
+    """A matched candidate that fails to parse is reported in ``load_errors``
+    (logged only at debug, the caller reports it), stays tracked (the load
+    listener fires before parsing), and doesn't block other candidates."""
     _write(tmp_path, "keys/good.yaml", "api:\n")
     _write(tmp_path, "keys/bad.yaml", "esphome: [unterminated\n")
     with caplog.at_level("DEBUG", logger="esphome.yaml_util"):
@@ -1632,7 +1646,8 @@ def test_discover_user_yaml_files_bad_candidate_still_tracked(
     matching = [
         r.levelname for r in caplog.records if "Failed to load candidate" in r.message
     ]
-    assert matching == ["WARNING"]
+    assert matching == ["DEBUG"]
+    assert any("keys/bad.yaml" in e for e in discovered.load_errors)
 
 
 def test_discover_user_yaml_files_tolerates_templated_top_level_include(