Amsterdam/Oslo -- 6 November 2025 -- MPC Energy Solutions ("MPCES", "Company")
published its financial results for the third quarter of 2025 today.
Operational Results, Overhead Spending, Free Cash
The Company's portfolio generated 91.6 GWh of clean and affordable energy (+4%
year-over-year on a like-for-like basis). Proportionate revenues and
project-level EBITDA were USD 9.2 million (+7% yoy like-for-like) and USD 6.8
million (+15% yoy like-for-like), respectively, compared to Q1-Q3 2024
like-for-like values of USD 8.6 million and USD 5.9 million. Project EBITDA
margins improved from 67% to 74%.
MPCES also reported that its year-to-date overhead expenses were down 14%
year-over-year and 40% compared to the same period in 2023. Consequently,
consolidated group EBITDA increased to USD 3.7 million (Q1-Q3 2024: USD 3.1
million).
Following divestments made throughout the year and especially during the third
quarter, MPCES increased its free cash position to USD 8.7 million as of 30
September 2025. The position has since increased further to USD 9.2 million as
of today.
Guatemala
The Company completed the construction of its largest project to-date, the 66
MWp solar PV plant San Patricio in Guatemala, in early July. MPCES is
currently awaiting additional permits to start the testing and commissioning
phase of the project. The timeline to secure the remaining permits depends on
the involved national and regional authorities, who also oversee permitting
requirements for substations directly and indirectly connected to the plant.
All reasonable measures to accelerate the permitting process have been taken.
Outlook 2025 and Beyond
Due to the delay in Guatemala, the Company revised its full-year guidance for
revenue and project-level EBITDA to the lower end of the previously
communicated range. Proportionate energy output, revenue and project-level
EBITDA are now expected to be 114 GWh, USD 12 million and USD 9 million (75%
margin), respectively.
MPCES also reiterated that it is planning to make cash distributions to its
shareholders in the near future (returning capital). Details regarding the
magnitude and timing will be communicated around year-end 2025 when the
Company has greater visibility on additional project divestments and
operational cash flows.
Financial results
The following table summarizes the unaudited financial results for Q1-Q3 2025
compared to Q1-Q3 2024:
+--------------------------------------------------+------------+------------+
| in million USD unless stated otherwise, negative | | |
| values in "()" | | |
+--------------------------------------------------+------------+------------+
| | | |
| | | |
| Proportionate financials, like-for-like | | |
+--------------------------------------------------+------------+------------+
| | Q1-Q3 2025 | Q1-Q3 2024 |
| | | |
+--------------------------------------------------+------------+------------+
| Revenue | 9.2 | 8.6 |
+--------------------------------------------------+------------+------------+
| Project EBITDA | 6.8 | 5.9 |
+--------------------------------------------------+------------+------------+
| Group EBITDA | 4.3 | 3.0 |
+--------------------------------------------------+------------+------------+
| | | |
| | | |
+--------------------------------------------------+------------+------------+
| | | |
| | | |
+--------------------------------------------------+------------+------------+
| Consolidated financials | | |
| | | |
+--------------------------------------------------+------------+------------+
| | Q1-Q3 2025 | Q1-Q3 2024 |
| | | |
+--------------------------------------------------+------------+------------+
| Revenue | 8.2 | 8.9 |
+--------------------------------------------------+------------+------------+
| Project EBITDA | 6.2 | 6.0 |
+--------------------------------------------------+------------+------------+
| Group EBITDA | 3.7 | 3.1 |
+--------------------------------------------------+------------+------------+
| Group EBIT before impairment charges | 1.1 | (0.0) |
+--------------------------------------------------+------------+------------+
| Net income / (loss) | (3.3) | (5.0) |
+--------------------------------------------------+------------+------------+
| EPS (basis and diluted), in USD | (0.15) | (0.22) |
+--------------------------------------------------+------------+------------+
| Adjusted EPS (basis and diluted), in USD | (0.08) | (0.12) |
+--------------------------------------------------+------------+------------+
| Total assets | 126.2 | 124.3 |
+--------------------------------------------------+------------+------------+
| Equity ratio | 37% | 49% |
+--------------------------------------------------+------------+------------+
| Consolidated cash position | 14.7 | 10.0 |
+--------------------------------------------------+------------+------------+
| Free cash position | 8.7 | 2.1 |
+--------------------------------------------------+------------+------------+
MPC Energy Solutions -- Invitation to webcast -- Q3 2025 Results
A webcast for the investment community will be held today at 14:00 CET. There
will be a Q&A session after the presentation, and a recording and written
transcript of the webcast will be published on the Company's website
afterwards.
The presentation to be reviewed during the conference call and webcast will be
available on our website before the webcast begins:
https://www.mpc-energysolutions.com/investors/reports-presentations
Q3 2025 webcast information:
Date: 6 November 2025
Time: 14:00 CET
Duration: approx. 30 minutes incl. Q&A
The live webcast can be accessed through the following link:
https://hca.videosync.fi/2025-11-06-mpces/register
For further information, please contact ir@mpc-energysolutions.com.
- ENDS -
About MPC Energy Solutions
MPC Energy Solutions ("MPCES") develops, builds, owns and operates renewable
energy assets in Latin America, with a focus on utility-scale solar
photovoltaics (PV) and storage technologies. More details at
www.mpc-energysolutions.com (http://www.mpc-energysolutions.com/)
Media contacts
MPC Energy Solutions N.V.
Investor Relations & Public Relations
Email: ir@mpc-energysolutions.com ()