Atlantica announced a standout performance for the first nine months of the year, posting a record net profit of 46.1 million. This figure marks a significant turn from the prior year, when the same period showed a loss of 9.5 million. The company notes that the 46.1 million net profit translates to a robust improvement over 2022, reflecting strong operating execution and favorable market conditions throughout the period. According to the company’s quarterly results, the figures illustrate a renewed earnings trajectory that supports ongoing strategic objectives and long-term value creation for shareholders.
Revenue remained resilient as the business maintained positive momentum. The firm reported revenue of 858.6 million, supported by an EBITDA of 858.4 million in the prior year, underscoring the company’s capacity to sustain operating profitability amid a dynamic energy landscape. In the most recent nine months, EBITDA stood at 627.3 million, equivalent to 593.3 million euros, reflecting a disciplined approach to cost control and asset optimization that contributed to improved earnings quality and cash generation.
During these nine months, Atlantica’s renewable generation portfolio grew by 5.5 percent. The increase is mainly driven by higher solar production from Spain, where stronger solar irradiance delivered more reliable output. The growth also benefited from the contribution of newly commissioned assets, which expanded the company’s capacity to harness solar energy and other renewable resources. This expansion aligns with Atlantica’s strategic emphasis on expanding its clean energy footprint in Europe and beyond, reinforcing its role in the energy transition while delivering value to investors.
Industry indicators in the period point to continued demand for renewables coupled with improving project economics, a combination that supports continued profitability and growth. The company continues to pursue operational improvements, portfolio diversification, and optimization of asset-level performance to sustain earnings momentum. Management commentary highlights confidence in maintaining a steady generation profile, complemented by ongoing development activity in solar and other renewable technologies in key markets. The nine-month performance underscores Atlantica’s ability to execute its strategy with a focus on cash flow generation and sustainable returns for stakeholders.
Overall, the results emphasize a positive inflection in financial performance and a strengthened position in the renewable energy sector. The company remains committed to disciplined capital allocation, asset optimization, and selective expansion in regions with favorable solar potential and supportive policy environments. As the energy market continues to evolve, Atlantica aims to translate its portfolio growth into durable earnings, reinforced by a diversified mix of solar and other clean energy assets that can deliver consistent value over time, according to the latest results release.