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]