Argentina · Delayed Price · Currency is ARS Central Puerto Earnings Call Transcripts
Fiscal Year 2026
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Adjusted EBITDA surged 136% year-over-year to $145M, with revenues up 166% to $453M, driven by higher contracted and spot sales. Battery storage projects are on track for Q4 2026 operation, and growth opportunities are emerging in new capacity schemes and energy provision for mining and data centers.
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Strong quarter with 41.6% EBITDA growth and 43.8% revenue increase, driven by new assets, market normalization, and expanded contracting. Secured a 30-year hydro concession, entered Vaca Muerta oil and gas, and maintained a low leverage ratio.
Fiscal Year 2025
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2025 delivered strong revenue and EBITDA growth despite lower generation volumes, driven by market normalization, new projects, and regulatory changes. Portfolio expansion and a major hydro concession extension position the company for further growth, with a robust outlook for 2026.
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Q3 2025 saw strong EBITDA and revenue growth, driven by renewables and thermal pass-throughs, with significant new capacity from acquisitions and BESS projects. Market liberalization is expected to boost EBITDA by 20%-25%, while CapEx focuses on storage and recent expansions.
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Adjusted EBITDA dropped 32% sequentially to $61.4M, with revenues down 8% but up 7% year-over-year. Major maintenance and lower generation volumes impacted results, while growth projects and regulatory changes remain key focus areas.
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Revenue grew 31% year-over-year to $196 million, with Adjusted EBITDA up 8% and net income surging 150% to $80 million. Major projects remain on track, and management anticipates gradual market deregulation, while monitoring regulatory changes and auction opportunities.
Fiscal Year 2024
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Quarterly revenues surged 71% year-over-year, with strong growth in thermal and solar generation. Regulatory changes and market deregulation are expected to create new opportunities, especially for efficient assets and self-fuel procurement. Net debt was reduced significantly.
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Q3 2024 saw revenue rise 14% and net income double year-over-year, driven by higher thermal generation and spot market sales, while hydro and wind output declined. Net debt fell sharply, and major projects remain on track. Regulatory changes and market conditions continue to shape outlook.
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Q2 2024 saw a 15% revenue increase and 5% higher energy generation, but adjusted EBITDA and net income declined due to non-cash impacts and regulatory losses. Progress continues on major CapEx projects, with a strong liquidity position and reduced net debt.