Voltalia Q3 2025 Turnover Rises 31% to €164.7 Million

Voltalia announced that its Q3 2025 turnover rose 31% year-over-year to €164.7 million, mainly driven by rapid growth in its Services business.

Segment Performance

• Energy Sales: Production increased by 6% to 1.3 TWh, supported by improved resource levels and greater operating capacity. However, turnover declined 13% (-10% at constant exchange rates) to €85.2 million, impacted by the weaker EUR/BRL exchange rate, production curtailment in Brazil, and the expiration of short-term, high-priced contracts.
• Services to Third Parties: Turnover surged 2.8 times to €79.5 million, fueled by strong construction activity in Ireland, Spain, and the United Kingdom.

Operational Highlights

• Energy production for the first nine months of 2025 rose 11% to 3.6 TWh, despite a 651 GWh curtailment in Brazil (21% of Brazilian output).
• Total installed and under-construction capacity increased 7% to 3.3 GW, including 2.6 GW in operation and 0.7 GW under construction.

2025 Outlook
Voltalia reaffirmed its full-year targets:

• Capacity (operational + under construction): ~3.6 GW (+10% vs. 2024), including ~3 GW operational (+20%) by year-end.
• Annual production: ~5.2 TWh (+10% vs. 2024).
• EBITDA: €200–220 million.
• A higher net loss expected in H2 compared with H1 2025.

SPRING Transformation Plan Progress
Since unveiling its SPRING roadmap in September, Voltalia has initiated several strategic actions:

• Sale of development activities in Hungary, Slovakia, and Mexico, expected to complete by Q2 2026.
• Preparation for the sale of its Spanish development platform, targeted for completion by summer 2026.
• Appointment of banking and legal partners to support additional non-core asset disposals planned for 2026.
• Start of the subsidiarization process for construction and maintenance operations, scheduled for completion in Q1 2026.

“Voltalia achieved strong growth in the third quarter, with revenue up 31% to 164.7 million euros. This performance was driven by the excellent momentum of third-party Services, whose activity nearly tripled, offsetting the temporary decline in Energy Sales, with several power plants which will be commissioned in the fourth quarter. The SPRING transformation plan is now entering the implementation phase, paving the way for a more agile and efficient organisation. In a global energy environment undergoing profound change, we continue to be fully committed to sustainably strengthen our profitability, increase our operational efficiency and take full advantage of the opportunities offered by the energy transition.”, declares Robert Klein, CEO of Voltalia.