Solaria reported a 148% rise in net profit to €142 million for the first nine months of 2025, driven by operating growth and new plant connections, the company said on Friday.
The Spanish renewable developer said revenue increased 65% year on year to €259 million, while EBITDA climbed 75% to €231 million, putting it on course to surpass its 2025 guidance of €250 million. Solaria said its performance was supported by the commissioning of additional capacity and reduced financial costs. “The performance was driven by the commissioning of additional capacity and lower financial costs,” the company said.
Solaria expects to reach 3 GW of operational capacity by the end of 2025, with 4.4 GW in operation and under construction across its European pipeline. Recent progress includes the 710 MW Garoña project, 200 MW in Catalonia, 150 MW at Peralveche, 45 MW at Tucana and the grid connection of its first hybrid battery installation in Spain.
The company ended the period with net debt of €1.316 billion, equal to 4.5 times EBITDA over the last 12 months, and continued to generate positive operating cash flow. Its share buyback programme, approved in July to repurchase up to 10% of capital, has reached 2.85%.
Chief Executive Arturo Díaz-Tejeiro Larrañaga said Solaria is benefiting from consistent execution. “We are reaping the rewards of a disciplined strategy: more generation, greater efficiency, and a decisive entry into new businesses such as storage and data centers,” he said. He added: “Our goal is to consolidate Solaria as the leading energy and digital operator in Europe.”
