Central Puerto S.A. reported its consolidated financial results for the second quarter of 2025, ending June 30, 2025, on August 11, 2025. Adjusted EBITDA for the quarter was $61.4 million, representing a 32% decrease quarter-over-quarter and a 35% decline year-over-year.
This decrease was primarily attributed to scheduled maintenance at Central Costanera and Central Puerto plants, coupled with seasonal capacity charges and lower volumes. Despite the EBITDA decline, revenues for the quarter were $179.6 million, an 8% decrease quarter-over-quarter but a 7% increase year-over-year.
Energy sales constituted 89.6% of total revenues. The company maintained a robust financial position, with a net leverage ratio of 0.56x the last 12-month adjusted EBITDA as of Q2 2025.
Capital expenditures for the first half of 2025 totaled $102.4 million, which were fully financed by operating cash flow, demonstrating strong financial discipline. Total financial debt stood at $409 million, with cash, cash equivalents, and current financial assets totaling $235 million.
Operational highlights included ongoing progress on key projects, with the Brigadier Lopez combined cycle and San Carlos solar project approximately 80% complete and expected to be operational before year-end. An extraordinary maintenance on the Central Costanera boiler, costing an estimated $18 million to $20 million, was undertaken to ensure long-term reliability.
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