MPC Energy Solutions Sees Positive Growth Despite Challenges

MPCES Energy Solutions N.V. has shown promising operational progress in Q3, with a 29% year-on-year increase in sales, reaching $3.6 million. This boost was attributed to an expanded production portfolio and rising energy prices in El Salvador. Consequently, the EBITDA surged to $2.6 million, marking a 72% margin. Cost control efforts further turned the consolidated EBITDA positive at $1.4 million.

Despite these gains, the company faces impairments totaling $1.35 million, affecting the EBIT, which remains negative. Positive EBIT is anticipated in FY25, bolstered by the San Patricio project. The CHP plant in Puerto Rico, currently non-operational, is up for sale, potentially at a significant discount.

Liquidity remains stable with expectations of increased free cash flow from asset sales. The construction in Guatemala progresses as planned, with a 65MW PV project achieving 50% completion.