Central Puerto S.A. reported its consolidated financial results for the Fiscal Year 2024 and Fourth Quarter 2024, ending December 31, 2024, on March 11, 2025. For the full year 2024, annual revenue reached $738.17 billion, with an annual net income of $49.60 billion.
The fourth quarter of 2024, however, saw a net loss of $28 million. This loss was primarily attributed to non-cash impacts, including an impairment of almost $100 million.
In terms of operations, the country's installed capacity decreased by 1% (423 MW) year-over-year to 43,350 MW by the end of 4Q24. Power generation decreased by 2% during 4Q24, driven by significant declines in nuclear (-48%) and hydro generation (-30%).
Conversely, renewable and thermal generation both increased, rising by 13% and 24% respectively, to compensate for the lower supply from other sources. Thermal generation availability averaged 72% during the fourth quarter.
Key regulatory updates during the period included multiple increases in spot market remuneration values, with a 2.7% increase effective October 1, 2024, a 6% increase effective November 1, 2024, and a 5% increase effective December 1, 2024. A contingency plan for the electricity sector was also established on October 1, 2024.
Strategic developments included signing an agreement with the IFC on December 5, 2024, to finance feasibility studies for a power transmission line to mining companies. Additionally, on December 26, 2024, Central Puerto acquired a 27.5% stake in the "3 Cruces" lithium project.
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