Enlight Renewable Energy Ltd. (ENLT) reported third‑quarter 2025 results that surpassed consensus expectations, delivering earnings per share of $0.16 versus the $0.07 forecast, a $0.09 or 146% beat. The company’s revenue reached $165.06 million, $21.72 million above the $143.34 million estimate, reflecting a 46% year‑over‑year increase from $113.07 million in Q3 2024.
The earnings beat was driven by a combination of higher project throughput and favorable tax benefits. New renewable projects that began commercial operation during the quarter added $15 million in revenue, while a tax credit adjustment contributed an additional $5 million. Cost control efforts kept operating expenses from rising in line with revenue growth, allowing the company to maintain a 23% adjusted EBITDA margin of $112 million, up from $91 million in the same period last year.
Management highlighted that the company’s strategy of securing fixed‑price contracts for 90% of its 2025 electricity sales has created a predictable revenue stream. CEO Adi Leviatan noted that the results “illustrate our strength, dedicated workforce, and strategic business direction,” underscoring confidence in continued execution. CFO Nir Yehuda emphasized that the combination of new project ramp‑up and tax benefits underpinned the adjusted EBITDA growth and offset a $5 million rise in operating expenses and a $7 million decline in other income.
In response to the strong performance, ENLT raised its full‑year 2025 revenue guidance to $555–$565 million from the prior $520–$535 million range, and adjusted EBITDA guidance to $405–$415 million from $385–$400 million. The upward revision signals management’s belief that demand for renewable power will remain robust and that the company’s operational efficiencies will continue to support margin expansion.
The market reacted positively to the earnings beat, with the stock surging 7.09% in pre‑market trading. Analysts cited the significant EPS beat and the raised guidance as primary drivers, while noting that the company’s fixed‑price sales strategy provides a stable outlook for future earnings.
Overall, ENLT’s Q3 2025 results demonstrate strong operational execution, a growing project portfolio, and a strategic focus on revenue predictability, positioning the company for continued growth in the renewable energy sector.
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