The president of Ecoener, Luis de Valdivia, announced at the general shareholders' meeting the start of a "new growth phase," focused on profitability and cash generation, once its international platform has been consolidated, after finishing the 2025 fiscal year with 85 million euros in revenue and an EBITDA margin of 50%.
"We have completed a stage of strong expansion and investment, building a solid, diversified international platform with high visibility of long-term revenue," stated the company's top executive, who added that the commissioning of assets developed in recent years "will boost results."
Since its stock market debut five years ago, the company has multiplied its operational capacity sixfold, reaching 815 megawatts (MW) in operation and construction (six times more than in 2021), and already obtains 63% of its revenue from international markets.
The energy company also has "high" revenue visibility, supported by long-term energy sales contracts for approximately 3 billion dollars (2.61 billion euros), with over 880 MW under PPA schemes and an average duration of 18 years, reinforced after its success in the latest Guatemalan auction.
In the new cycle, Ecoener will direct its growth towards markets in the European Union and the OECD, maintaining its presence in Hispanic America and prioritizing "predictable" regulatory frameworks, with a focus on technologies with "high growth potential," especially wind power and hybrid solutions with storage.
As a first milestone, the company plans to bring a total of 372 MW in projects located in Romania, Colombia, and Guatemala to the construction phase ("ready to build"), while it will study different market alternatives to strengthen its structure and financial position.
Optimize financial structure and commitment to storage
"We consider it key to continue optimizing the company's financial structure, always under value creation criteria and adequate market conditions," emphasized Luis de Valdivia during the meeting.
In the area of storage, one of the group's "strategic pillars," Ecoener has 177 MWh under execution in the Dominican Republic and the Canary Islands, and has recently obtained 8.4 million euros from Next Generation funds to modernize and incorporate storage systems into its hydroelectric power plants in Galicia.
The ordinary general meeting of Ecoener, held exclusively remotely, gave the green light to all the proposals of the board of directors, including the approval of the individual and consolidated annual accounts for 2025, the management reports, the annual remuneration report, and the corporate governance report, as well as the management of the board and its delegated committees.
Profit to reserves and capital movements
Regarding results, the meeting agreed to allocate the entire individual profit of 1,717,517 euros to voluntary reserves, without dividend distribution, allocation to the legal reserve, or compensation for previous losses.
The reclassification of 4,155,778.46 euros from voluntary reserves to constitute an unavailable capitalization reserve was also approved, in line with Article 25 of the Corporate Tax Law.
Re-election of KPMG and expansion of powers to the board
In the area of corporate governance and internal control, the meeting ratified Rafael Canales Abaitua as a proprietary director for a new two-year term and appointed KPMG Auditores as the auditor of the company and its group for the fiscal years 2026, 2027, and 2028. In an advisory capacity, the annual report on directors' remuneration for 2025 was also endorsed.
Likewise, the board's powers were renewed to, for a period of five years, increase the share capital by up to half of the current capital and issue convertible or exchangeable securities and warrants for a maximum of 40 million euros, with the possibility of excluding the pre-emptive subscription right up to a combined limit of 20% of the capital.
The meeting also authorized extraordinary meetings to be convened with a minimum notice of fifteen days provided that electronic voting is guaranteed, and delegated to the board and its members the formalization and execution of all agreements adopted.