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MPC Energy Solutions N.V. — Earnings Release 2025
Apr 30, 2025
8188_rns_2025-04-30_81c9d4bb-e701-406a-b30e-4993430eea8d.html
Earnings Release
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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 [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] ()