Israel · Delayed Price · Currency is ILS · Price in ILA Enlight Renewable Energy Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 results with 46% revenue growth and 51% Adjusted EBITDA increase, driven by major project execution in the U.S., Europe, and Israel. 2026 guidance projects continued double-digit growth, with robust funding and a strong construction pipeline supporting expansion to 12–13 GW by 2028.
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Q3 2025 saw 46% revenue growth to $165M, driven by new projects and strong execution. Full-year guidance was raised, with major capital secured and storage portfolio expansion in Europe and Israel. Project-level EBITDA margins remain robust, and the company is well-positioned for continued rapid growth.
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Q3 2025 saw revenue and income rise 46% year-over-year to $165M, with adjusted EBITDA up 23% to $112M and net income up 33% to $32M, driven by new projects and storage expansion. Full-year guidance was raised, and $4.8B in financing was secured for growth and major projects.
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Revenue and adjusted EBITDA surged 53% and 57% year-over-year, respectively, prompting a guidance raise for 2025. Major U.S., European, and Israeli projects are progressing on schedule, with robust financing and a diversified supply chain supporting growth.
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Pending U.S. legislation is expected to enable 6.5-8 GW of operational capacity in the U.S. by 2028, with a projected $2 billion annual revenue run rate and a 40% CAGR. Declining equipment costs, strong demand, and strategic procurement support growth and risk mitigation.
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Revenue and income rose 39% year-over-year to $130 million, with adjusted EBITDA up 84% to $132 million, driven by new projects and a major asset sale. Expansion advanced in the U.S., Europe, and Israel, while diversified supply chains and strong financing minimized tariff and market risks.
Fiscal Year 2024
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2024 saw 53% revenue growth to $399M and 49% Adjusted EBITDA growth, driven by new projects in the U.S., Europe, and Israel. 2025 guidance projects 25% revenue and 28% EBITDA growth, with major new projects and asset sales supporting expansion.
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Revenue and Adjusted EBITDA surged in Q3 2024, driven by new projects and strong market demand. Guidance for 2024 was raised, with major U.S., European, and MENA projects advancing and robust financing in place. High electricity prices and declining costs support strong returns.
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Revenue and adjusted EBITDA saw strong double-digit growth year-over-year, driven by new projects and robust market demand. Guidance for 2024 was raised, with significant expansion in the U.S. and Europe, and project returns are improving due to lower equipment costs and higher PPA prices.