Chat with Filing

Ask questions about this document

Please log in or register to use the chat feature. Please register first.

RNS - MPC Energy Solutions delivers positive group EBIT for first time in its history; 66 MWp solar PV plant in Guatemala projects first power in July 2025

Company: MPC Energy Solutions N.V. Date: 2025-04-30 Language: English Register to download

Loading document preview...

Document Preview Not Available

The file type (.html) cannot be displayed directly here.

Open Original File

Error loading document preview. Please try the 'Open Original File' link.

You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:

Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon

 MPC Energy Solutions delivers positive group EBIT for first time in its history; 66 MWp solar PV plant in Guatemala projects first power in July 2025

# MPC Energy Solutions delivers positive group EBIT for first time in its history; 66 MWp solar PV plant in Guatemala projects first power in July 2025

Amsterdam/Oslo -- 30 April 2025 -- MPC Energy Solutions ("MPCES", "Company")  

published its financial results for the first quarter of 2025 today.  

  

MPCES announced its first-ever positive consolidated EBIT. The Company saw  

significant year-over-year increases across all key metrics in Q1 2025. Its  

portfolio generated 29 GWh of clean and affordable energy (+2%  

year-over-year). Proportionate revenues and project-level EBITDA were USD 2.9  

million and USD 2.1 million, respectively, substantially surpassing Q1 2024  

values of USD 2.8 million and USD 1.8 million. Project EBITDA margins improved  

as well from 64% to 73%, mainly driven by strong first quarters from its  

projects in El Salvador and Mexico.  

  

The increases were achieved despite operating fewer projects than in 2024. The  

Company sold its operating CHP plant in Puerto Rico at the end of last year.  

  

The Company also underlined its priorities and objectives for 2025.  

  

"We are on track to deliver a record breaking year for MPCES", said Stefan  

H.A. Meichsner, Managing Director and Chief Financial Officer of MPCES. "The  

first quarter was an excellent start. We are focused on improving our  

operating margins, further reducing overhead costs and being selective about  

spending on new developments. In addition, we will continue to divest projects  

and prioritize cashback from our operating portfolio. The overreaching goal is  

to start returning cash to our shareholders this year."  

  

Construction in Guatemala: First power in July  

The Company is on track to connect its largest project to-date, a 66 MWp solar  

PV plant in Guatemala, to the grid in July 2025. The mechanical completion of  

the plant is expected to happen at the end of May, with testing and  

commissioning procedures to commence immediately afterwards. The project alone  

is expected to generate revenues of more than USD 8 million per year at EBITDA  

margins above 80 percent once operational. It will be the largest project in  

the Company's portfolio and have a significant positive impact on the  

Company's overall financial results.  

  

Financial results  

The following table summarizes the preliminary and unaudited financial results  

for Q1 2025 compared to Q1 2024:  

  

+--------------------------------------------------------+---------+---------+  

| in thousand USD unless stated otherwise, negative | | |  

| values in "()" | | |  

+--------------------------------------------------------+---------+---------+  

| | | |  

| Proportionate financials, Q1 2025 vs. Q1 2024 | | |  

+--------------------------------------------------------+---------+---------+  

| | Q1 2025 | Q1 2024 |  

| | | |  

+--------------------------------------------------------+---------+---------+  

| Revenue | 2,903 | 2,811 |  

+--------------------------------------------------------+---------+---------+  

| Project EBITDA | 2,129 | 1,792 |  

+--------------------------------------------------------+---------+---------+  

| Group EBITDA | 1,203 | 818 |  

+--------------------------------------------------------+---------+---------+  

| | | |  

| | | |  

+--------------------------------------------------------+---------+---------+  

| | | |  

| | | |  

+--------------------------------------------------------+---------+---------+  

| Consolidated financials, Q1 2025 vs. Q1 2024 | | |  

| | | |  

+--------------------------------------------------------+---------+---------+  

| | Q1 2025 | Q1 2024 |  

| | | |  

+--------------------------------------------------------+---------+---------+  

| Revenue | 2,573 | 2,532 |  

+--------------------------------------------------------+---------+---------+  

| Project EBITDA | 1,922 | 1,599 |  

+--------------------------------------------------------+---------+---------+  

| Group EBITDA | 996 | 625 |  

+--------------------------------------------------------+---------+---------+  

| Group EBIT | 105 | (434) |  

+--------------------------------------------------------+---------+---------+  

| Net income / (loss) | (2) | 443 |  

+--------------------------------------------------------+---------+---------+  

| EPS (basis and diluted), in USD | 0.00 | 0.02 |  

+--------------------------------------------------------+---------+---------+  

| Total assets | 128,303 | 124,420 |  

+--------------------------------------------------------+---------+---------+  

| Equity ratio | 38% | 56% |  

+--------------------------------------------------------+---------+---------+  

| Consolidated cash position | 15,561 | 18,309 |  

+--------------------------------------------------------+---------+---------+  

| Free cash position | 3,339 | 10,274 |  

+--------------------------------------------------------+---------+---------+  

  

MPC Energy Solutions -- Invitation to webcast -- Q1 2025 Results  

  

A webcast for the investment community will be held today, 30 April 2025 at  

14:30 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.  

  

Webcast information:  

Date: 30 April 2025  

Time: 14:30 CET  

Duration: 30 minutes incl. Q&A  

Register here: https://hca.videosync.fi/2025-04-30-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 ()