Press Releases — Grenergy multiplies its net profit by seven and surpasses €700 million in CAPEX

• Net profit reaches €45 million; CAPEX increases by 70%
• The company has already achieved over 55% of its asset rotation target set for the 2025–2027 period
• By the end of the year, Grenergy will have connected 6.7 GWh of BESS capacity

Madrid, November 26, 2025. Grenergy has closed the first nine months of 2025 with significant growth across its main financial metrics. The company has achieved revenues of €687 million, representing a 147% increase over the same period last year. EBITDA reached €111 million, with an increase of 109%, and net profit amounted to €45 million, seven times higher than in the first nine months of 2024.

Total investment (CAPEX) has amounted to €713 million, representing an increase of 70% compared to the same period last year. As a result, the company remains on track to achieve its €3.5 billion investment target by 2027.

Net debt stands at €1,047 million, with a leverage ratio of 4.9x. Meanwhile corporate leverage dropped to 1.4x. The total leverage ratio would decrease to 0.7x once the latest asset rotation deals are reflected.

Asset rotation

The asset rotation strategy has been a key driver behind the company’s improved performance. As a result of these transactions, Grenergy has already achieved over 55% of its €800 million asset rotation target for the 2025–2027 period, as established during the company’s last Capital Markets Day.

In September, Grenergy announced the sale of Gabriela, the fourth phase of its Oasis de Atacama project. Overall, the company has rotated assets representing 33% of its flagship battery project in northern Chile, with an aggregate value of approximately $1.5 billion.

In Spain, the company has recently completed the sale of the José Cabrera and Tabernas solar power plants (297 MW) in October for €273 million.

Progress in project execution

With a global BESS pipeline totaling 75 GWh in various stages of development, Grenergy expects to close the year with a total of 6.7 GWh of batteries already connected.

Greenbox, the stand-alone battery platform in Europe, progressed this quarter nearly 8 GWh to an advanced development stage, from a planned pipeline of 31 GWh. This includes the Oviedo project, Grenergy’s flagship development in Spain, with a capacity of 600 MWh. In addition, negotiations to secure tolling agreements in Spain and Germany are at an advanced stage.

According to David Ruíz de Andrés, CEO of Grenergy: “We are very proud of the strong results we have achieved, which reflect Grenergy’s ability to deliver on our commitments. By the end of the year, we will have 6.7 GWh connected in Chile, positioning us as a global reference in energy storage and opening new opportunities for growth in Europe through Greenbox.”

About Grenergy

Grenergy is a Spanish multinational clean energy producer. Founded in 2007, it has been listed on the Spanish stock exchange since 2015 and currently has a market capitalization of around €2 billion. The company develops, builds, and operates photovoltaic solar plants and is a pioneer in the energy storage industry.

With a team of over 700 professionals, Grenergy operates across three key regions: Europe (Spain, Italy, Germany, Poland, Romania, and the United Kingdom), North America (United States) Latin America (Chile, Peru, Mexico, and Colombia). Its global portfolio exceeds 77.9 GWh of storage capacity and 12.5 GW of solar power in various stages of development.

Thanks to its strong commitment to battery technology, Grenergy can deliver clean, affordable, reliable, and continuous energy—anywhere, anytime, 24/7.