MPC Energy Solutions publishes Q3 report; strong operational results and progress on divestments

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:

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.

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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

Media contacts

MPC Energy Solutions N.V.
Investor Relations & Public Relations
Email: ir@mpc-energysolutions.com