Earnings Release • Jul 31, 2025
Earnings Release
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MPC Energy Solutions publishes H1 report; significant margin improvements year-over-year; full-year guidance for 2025 confirmed
Amsterdam/Oslo -- 31 July 2025 -- MPC Energy Solutions ("MPCES", "Company")
published its financial results for the first six months of 2025 today.
The Company's portfolio generated 60.5 GWh of clean and affordable energy (+2%
year-over-year). Proportionate revenues and project-level EBITDA were USD 6.1
million and USD 4.4 million, respectively, compared to H1 2024 values of USD
6.1 million and USD 3.9 million. Project EBITDA margins improved from 64% to
73%, mainly driven by strong contributions 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.
Consequently, on a like-for-like basis, the displayed growth is significantly
more substantial.
"We are very happy with the performance of our portfolio during the first six
months of this year", said Stefan H.A. Meichsner, Managing Director and Chief
Financial Officer of MPCES. "The margin improvements in particular stand out
as an excellent achievement. Given our lower overhead spending, these
project-level improvements translate directly to higher profits on group
level."
MPCES reported a consolidated group EBITDA of USD 2.2 million for the
reporting period (H1 2024: USD 1.7 million).
Construction in Guatemala completed, but operational start delayed
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 now
waiting for permits to commence and conclude the testing phase, after which
commercial operation of the project will officially begin.
While the permitting process was expected to be concluded at the same time as
the construction, the responsible authorities are taking longer than expected
to issue the permits.
Year-end guidance unchanged
The delay in Guatemala does currently not affect the Company's year-end
outlook, as the previously shared guidance for 2025 was confirmed. Revenues
for this year are expected to be between USD 12 and 13 million, and
project-level EBITDA between USD 9 and 9.5 million.
"Despite the delay in commencing the testing phase of our project in
Guatemala, we do not expect a negative impact on our full-year guidance, as a
delay in revenue generation is currently being compensated by the contribution
from our Colombian projects, which were originally not included in the 2025
outlook at all", added Meichsner.
Financial results
The following table summarizes the preliminary and unaudited financial results
for H1 2025 compared to H1 2024:
+--------------------------------------------------------+---------+---------+
| in thousand USD unless stated otherwise, negative | | |
| values in "()" | | |
+--------------------------------------------------------+---------+---------+
| | | |
| | | |
| Proportionate financials, H1 2025 vs. H1 2024 | | |
+--------------------------------------------------------+---------+---------+
| | H1 2025 | H1 2024 |
| | | |
+--------------------------------------------------------+---------+---------+
| Revenue | 6,059 | 6,104 |
+--------------------------------------------------------+---------+---------+
| Project EBITDA | 4,409 | 3,889 |
+--------------------------------------------------------+---------+---------+
| Group EBITDA | 2,518 | 2,031 |
+--------------------------------------------------------+---------+---------+
| | | |
| | | |
+--------------------------------------------------------+---------+---------+
| | | |
| | | |
+--------------------------------------------------------+---------+---------+
| Consolidated financials, H1 2025 vs. H1 2024 | | |
| | | |
+--------------------------------------------------------+---------+---------+
| | H1 2025 | H1 2024 |
| | | |
+--------------------------------------------------------+---------+---------+
| Revenue | 5,427 | 5,544 |
+--------------------------------------------------------+---------+---------+
| Project EBITDA | 4,074 | 3,508 |
+--------------------------------------------------------+---------+---------+
| Group EBITDA | 2,246 | 1,650 |
+--------------------------------------------------------+---------+---------+
| Group EBIT | 225 | (534) |
+--------------------------------------------------------+---------+---------+
| Net income / (loss) | (1,431) | (4,621) |
+--------------------------------------------------------+---------+---------+
| EPS (basis and diluted), in USD | (0.06) | (0.21) |
+--------------------------------------------------------+---------+---------+
| Total assets | 128,356 | 131,168 |
+--------------------------------------------------------+---------+---------+
| Equity ratio | 37% | 50% |
+--------------------------------------------------------+---------+---------+
| Consolidated cash position | 11,337 | 23,284 |
+--------------------------------------------------------+---------+---------+
| Free cash position | 2,186 | 4,248 |
+--------------------------------------------------------+---------+---------+
MPC Energy Solutions -- Invitation to webcast -- H1 2025 Results
A webcast for the investment community will be held today, 31 July 2025 at
10:00 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.
Webcast information:
Date: 31 July 2025
Time: 10:00 CET
Duration: 30 minutes incl. Q&A
Register here: MPCES H1 report 2025
(https://hca.videosync.fi/2025-07-31-mpces-h1/register)
For further information, please contact [email protected].
- 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: [email protected] ()
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