AES Corp.
AES Reports Strong 2024 Financial Results and Provides 2025 Guidance
Summary
On February 28, 2025, The AES Corporation announced its financial results for the year and quarter ended December 31, 2024. The company reported a net income of $698 million for the year, significantly higher than the $182 million loss in 2023. Diluted EPS was $2.37 for the year, up from $0.34 in 2023. AES also provided guidance for 2025, expecting Adjusted EBITDA between $2,650 to $2,850 million and Adjusted EPS between $2.10 to $2.26. Strategic accomplishments for 2024 included signing 6.8 GW of new contracts, completing 3.0 GW of renewable construction, and initiating a 2025 guidance. Additional forward-looking information and strategic updates were furnished as Exhibit 99.1.
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About AES Corp.
AES Corp. is a global power company engaged in the generation and distribution of electricity. With a diverse portfolio that includes thermal and renewable energy solutions, AES operates across four continents, highlighting its significant role in driving the transition towards sustainable energy. The company's primary function is to provide reliable and affordable power, contributing to many infrastructure projects and energy solutions worldwide. AES Corp. is a key player in sectors such as utilities and clean energy, strategically investing in technologies like battery storage and innovative grid systems to enhance efficiency and sustainability. As part of its market significance, AES helps fuel the global economy's demand for energy while aligning its objectives with global climate goals. The corporation's extensive network allows it to cater to a broad range of customers, from governments and industrials to residential consumers, solidifying its reputation as a versatile and forward-thinking energy supplier.
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