Spain · Delayed Price · Currency is EUR Grenergy Renovables Earnings Call Transcripts
Fiscal Year 2026
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Announced a €3.7B CapEx plan for 2026–2028, scaling storage and hybrid platforms globally, with strong asset rotation and project finance. Launched GR Data for AI/data centers, confirmed 2027 EBITDA guidance, and expanded into the U.S. and Europe.
Fiscal Year 2025
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Record 2025 results with revenue up 66% and EBITDA up 26%, driven by strong growth in hybrid solar and storage platforms, asset rotation, and robust project financing. Strategic focus remains on expanding storage, asset rotation, and secondary market opportunities, with further updates expected in May.
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Revenue surged 147% to €687M and EBITDA doubled to €111M, driven by M&A and strong asset rotation. BESS and hybrid plant pipeline expanded, with major projects in Chile and Europe advancing ahead of schedule. CapEx is set to exceed €1B for the year, supporting growth targets.
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H1 2025 saw 128% revenue growth and 176% EBITDA increase, driven by asset rotation and M&A, with €421 million CapEx and strong progress in Chilean and European BES projects. Asset rotation targets are ahead of schedule, leverage ratios improved, and ESG ratings strengthened.
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The company is accelerating its transition to battery storage, now allocating two-thirds of CapEx to BESS and quadrupling its storage target for 2027. Financial guidance remains robust with a self-funded plan, increased asset rotation, and a focus on hybrid and standalone storage platforms in key global markets.
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Q1 2025 saw record financial performance with revenue up 116%, EBITDA up 165%, and net income up fivefold year-over-year. Over $1 billion in financing was secured, major PPAs were signed, and sustainability initiatives advanced, with strong progress in Chile and Europe.
Fiscal Year 2024
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Record 2024 results with 61% revenue and 53% EBITDA growth, major asset rotation, and EUR 1 billion project financing secured. Net debt reduced by over 40%, CapEx surged, and ESG leadership recognized. Further asset disposals and new PPAs expected in 2025.
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Revenue and EBITDA declined year-over-year due to fewer asset disposals, but CapEx and project execution accelerated, especially in hybrid and storage projects. Asset rotation and project financing are expected to reduce leverage, with strong liquidity and robust ESG performance maintained.
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First half 2024 saw strong EBITDA growth from asset rotation and a major Chilean acquisition, despite lower reported revenue due to inventory accounting. CapEx remains stable with significant cost deflation, and leverage is expected to improve as further asset sales and project financings close.