Argentina · Delayed Price · Currency is ARS Central Puerto Earnings Call Transcripts
Fiscal Year 2026
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Adjusted EBITDA surged 136% year-on-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 leverage remains low at 1.2x. Growth opportunities span new capacity schemes and energy infrastructure.
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Strong revenue and EBITDA growth in 1Q 2026 was driven by new assets, market normalization, and successful contracting. The company expanded into oil and gas, renewed key concessions, and maintained a solid balance sheet, with further growth expected as market liberalization continues.
Fiscal Year 2025
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2025 delivered strong revenue and EBITDA growth despite lower generation, driven by market normalization, portfolio expansion, and new USD-denominated contracts. Major projects and a 30-year hydro concession extension position the company for further EBITDA gains in 2026.
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Q3 2025 saw strong EBITDA and revenue growth, driven by renewables, thermal fuel pass-through, and market liberalization. The company acquired Cafayate Solar Farm, secured major BESS projects, and expects a 20–25% EBITDA uplift from deregulation, with further upside from new contracts.
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Adjusted EBITDA fell 32% sequentially to $61.4 million, with revenues down 8% due to maintenance outages and seasonality, but up 7% year-over-year. Growth projects are on track, and CapEx was fully funded by operating cash flow. Net leverage remains low at 0.56x LTM EBITDA.
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Revenue grew 31% year-over-year to $196 million, with net income up 150% to $80 million and Adjusted EBITDA rising 8% to $90 million. Major projects remain on track, and regulatory changes may offer new opportunities, though market liberalization will proceed gradually.
Fiscal Year 2024
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Q4 2024 saw a 71% YoY revenue increase and 44% rise in adjusted EBITDA, driven by higher thermal and solar generation, despite a net loss for the quarter. Regulatory reforms and new projects, including mining and transmission, signal growth opportunities amid ongoing market changes.
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Revenue grew 14% year-over-year to $185 million, with net income doubling to $40 million and adjusted EBITDA nearly flat. Thermal generation offset declines in hydro and wind, while net debt fell to $149 million. Regulatory changes and new tenders may impact future results.
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Q2 2024 saw a 15% revenue increase and 5% higher energy generation year-over-year, but adjusted EBITDA and net income declined due to non-cash effects and regulatory impacts. Major hydro and renewable projects advanced on schedule, and liquidity remained strong.