AES Corp.
AES Corporation Announces Non-Reliance on Previously Issued Financial Statements
Summary
On March 6, 2025, The AES Corporation announced that its unaudited Condensed Consolidated Statements of Operations for the second and third quarters of 2024 should no longer be relied upon due to an overstatement of impairment expense related to the sale of its 47.3% stake in AES Brasil Energia S.A. The restatement does not impact previously reported revenues, operating margin, Net (loss) income, cash flows, or Adjusted EBITDA for the Non-Reliance Periods. The Company included restated unaudited condensed consolidated financial statements for the Restated Periods in its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed on March 10, 2025. As a result of the analysis of the cause of the restatement, the Company reported a material weakness in its internal control over financial reporting and described its plan of remediation with respect to such material weakness in its 2024 Form 10-K.
Profitelligence Alerts
Get alerts for AES
Be first to know when AES Corp. files with the SEC.
Filing Categories
Advertisement
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.
Official SEC Documents
Advertisement