Core Insights - Scatec reported strong financial results in Q2 2025, with proportionate revenues increasing by 51% to NOK 2,302 million and EBITDA rising by 19% to NOK 1,130 million, reinforcing its position in the renewable energy sector [1][3] Financial Performance - Power production revenues reached NOK 1,312 million, up from NOK 1,045 million, with EBITDA of NOK 1,110 million compared to NOK 873 million, driven by strong performance in the Philippines [2] - Consolidated revenues and other income for the second quarter were NOK 1,316 million, with EBITDA at NOK 1,027 million and a net profit of NOK 314 million, a significant improvement from a loss of NOK 33 million [8] Strategic Developments - The Development & Construction (D&C) segment generated revenues of NOK 976 million, significantly up from NOK 470 million, with a gross margin of 11.4% [4] - Scatec secured a record 846 MW solar power award in South Africa and a 123 MW/492 MWh battery storage project, increasing its total backlog to 3.2 GW [5] - A new 25-year Power Purchase Agreement for a 900 MW onshore wind project in Egypt was secured, along with successful long-term project financing for a hybrid project [6] Debt Management - The company repaid USD 30 million in corporate debt during Q2 and an additional USD 85 million post-quarter, reducing gross corporate debt by approximately 26% to NOK 6.8 billion [7] Future Outlook - Full year 2025 proportionate power production is estimated at 4.0 - 4.3 TWh, with an unchanged EBITDA estimate of NOK 4.15 - 4.45 billion [10]

Core Insights - Scatec ASA's joint venture with Aboitiz Power has received regulatory approval for a new rate related to ancillary services contracts in the Philippines [1][2] - The awarded contract rate has increased from 1.5 PHP/kWh to 2.25 PHP/kWh, effective from July 2025, with retroactive revenues amounting to approximately NOK 231 million for Scatec [2][3] Group 1: Regulatory Approval and Contract Details - The Energy Regulatory Commission (ERC) has formally approved the rate for contingency reserve long-term ancillary services contracts [1] - The new rate of 2.25 PHP/kWh will be effective from July 2025, with retroactive effect recognized in Q2 2025 [2] - Scatec has been delivering volumes under the new contracts since September 2023 but was initially paid at a lower rate pending regulatory approval [3] Group 2: Company Overview - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants [4] - The company currently has 6.2 GW of renewable energy capacity in operation and under construction across five continents [4] - Scatec is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [4]

Group 1 - The company has completed its share buyback program, acquiring a total of 68,533 own shares at an average price of NOK 94.6609 per share [1][2] - The acquired shares are intended for the Company's Employee Share Purchase Programme and have been sold to employees, resulting in the company not owning any shares post-transaction [2] - The share buyback was conducted in compliance with the EU Market Abuse Regulation [1] Group 2 - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants with a total capacity of 6.2 GW across five continents [3] - The company is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [3]

Core Insights - Scatec reported strong financial performance in Q1 2025, with proportionate revenues of NOK 2.39 billion, up from NOK 1.23 billion, and an EBITDA of NOK 1.38 billion, compared to NOK 0.85 billion in the same period last year [1][7] Financial Performance - Power plants generated 979 GWh in Q1 2025, an increase from 901 GWh in Q1 2024, primarily due to strong hydrology in the Philippines and Laos [2] - Power production revenues reached NOK 1.62 billion, up from NOK 1.06 billion, with EBITDA of NOK 1.39 billion, compared to NOK 0.87 billion [2] - The Development & Construction (D&C) segment delivered revenues of NOK 0.75 billion, significantly up from NOK 0.15 billion, with a gross margin of 11% [3] - Consolidated revenues and other income for Q1 2025 were NOK 1.81 billion, with an EBITDA of NOK 1.51 billion and a net profit of NOK 0.76 billion, compared to a loss of NOK 0.03 billion in the previous year [7] Strategic Developments - The company reduced net corporate debt by approximately NOK 1.8 billion to NOK 5.2 billion, supported by NOK 2.6 billion in proceeds from asset divestments in Uganda and Vietnam [4] - Scatec initiated construction on 56 MW additional battery storage capacity in the Philippines and announced its largest solar and battery hybrid project in Egypt, with a capacity of 1.1 GW solar and 100 MW/200 MWh battery storage [5] - New power purchase agreements in Egypt and Tunisia added 1.3 GW of capacity to the backlog, reinforcing Scatec's construction pipeline [5] Future Outlook - Full year 2025 proportionate power production is estimated to remain unchanged at 4.1 - 4.5 TWh, while the EBITDA estimate has been increased by NOK 400 million to NOK 4.15 – 4.45 billion [10] - The remaining D&C contract value for projects under construction is NOK 6.7 billion, with an estimated gross margin of 10-12% for these projects [10] Company Overview - Scatec is a leading renewable energy solutions provider, with 6.2 GW in operation and under construction across five continents, committed to growing renewable energy capacity [11]