Voltalia Reports 2025 Revenue of 587.8 Million Euros

Voltalia recorded a 2025 revenue of 587.8 million euros, marking a growth of 16% at constant exchange rates (13% at current rates). The fourth quarter 2025 revenue reached 166.3 million euros, up by 8% at constant exchange rates (7% at current rates). The revenue is divided between Energy Sales (54% of the total) at 315.8 million euros and Services for third-party clients (46% of the total) at 272.0 million euros. Services for third-party clients saw a 70% increase at constant exchange rates, driven by growth in the Development and Construction segment (+78%) which reached 244.9 million euros. The 2025 production amounted to 4.9 TWh, a 4% increase, which was lower than the initial forecast of 5.2 TWh due to a curtailment in Brazil of 1,040 GWh, representing 23% of Brazilian production (17% of total production). The operational capacity increased by 16%. Energy Sales in the fourth quarter decreased by 15% at constant rates (-16% at current rates) to 78.5 million euros, affected by the curtailment in Brazil and the impact of prices in France and Albania.

Voltalia confirms its 2025 EBITDA target post-curtailment impact. The company announced several key developments: in Brazil, the enactment of Law No. 15.269 in November 2025 provides for the reimbursement of compensation related to past network reliability curtailments for the period from September 1, 2023, to November 24, 2025, representing over 20 million euros for Voltalia, with the impact expected to materialize mainly in 2026 and 2027. In Romania, Voltalia has initiated the process of divesting its development operations, adding to four other countries announced in October 2025 (Hungary, Slovakia, Mexico, Spain). Voltalia has entered into exclusive negotiations with Verso Energy for the sale of a 77 MW European portfolio. In French Guiana, the Laussat Solar Park project (5 MW photovoltaic) won the CRE tender for Non-Interconnected Zones. Regarding governance, Bernard Guntz is appointed CEO of Helexia starting early January 2026, replacing co-founder Benjamin Simonis. Eduardo Porras is appointed CEO of Renvolt, a newly created entity dedicated to EPC and O&M services, starting January 2026. These elements are part of the deployment of the SPRING transformation plan launched in September 2025, covering geographic and technological refocusing, divestment of non-strategic activities, and governance strengthening.