Chile · Delayed Price · Currency is CLP Colbún Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw higher operating income but lower net profit due to increased costs and asset impairments. Major renewable projects advanced, a $500M green bond was issued, and dividend distributions continued. CapEx for 2026 will focus on BESS and substation projects.
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Q3 2025 saw stable operating income but a 25% drop in EBITDA, impacted by lower generation and higher costs. Major renewable projects advanced, and a green bond was issued for refinancing. Net leverage remained at 2.6x, with insurance recoveries for plant outages pending.
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Second quarter saw lower earnings due to outages and weaker generation, with net profit down to $48M and EBITDA down 8% YoY. Major CapEx is focused on storage projects, while refinancing and operational recovery are key near-term priorities.