Enel Americas SA (BOG:ENELAMCO)
COP 333 (0%) Market Cap: 31.15 Tn Enterprise Value: 59.86 Tn PE Ratio: 9.15 PB Ratio: 0.54 GF Score: 63/100

Q4 2025 Enel Americas SA Earnings Call Transcript

Feb 26, 2026 / 02:00 PM GMT

Key Points

Positve
  • Enel Americas SA (XSGO:ENELAM) reported a 14% increase in EBITDA, reaching $4.3 billion in 2025, driven by better results in Colombia and Greece.
  • The company invested $2.3 billion in 2025, an 11% increase from the previous year, with significant investments in Brazil and Greece to improve quality and resilience.
  • Net income increased by 30% to $1 billion in 2025, excluding the impact of the Peruvian deal in 2024.
  • Enel Americas SA (XSGO:ENELAM) added 0.3 gigawatts of new solar capacity in Colombia, providing clean energy to over 800,000 people.
  • The company plans to invest $7.9 billion from 2026 to 2028, focusing on grid improvements and renewable energy projects, particularly in Brazil and Colombia.
Negative
  • Net income did not meet the guidance of $1.4 billion, falling short due to macroeconomic deviations and tariff adjustments in Argentina.
  • The company faced challenges with curtailment in Brazil, affecting renewable energy production and limiting new investments in this segment.
  • Enel Americas SA (XSGO:ENELAM) experienced higher commercial losses in Brazil due to tariff reviews, impacting financial performance.
  • The cost of debt increased from 10.3% to 11.4%, primarily due to higher interest rates in Brazil.
  • The concession renewal process in Sao Paulo remains uncertain, with regulatory proceedings still ongoing and potential impacts on future operations.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ENELAM.SN - Enel Americas SA
Q4 2025 Enel Americas SA Earnings Call
Feb 26, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, ladies and gentlemen, and welcome to EL America's 2025 results and 2026, 2028 strategic plans presentation. My name is Carmen and I will be your operator for today. At this time, all participants are in a listen-only mode. After the presentation, there will be a question-and-answer session, and to participate, you will need to write your question in the chat box on the web and click submit. Please note this conference is being recorded.

This presentation contains statements that could constitute forward-looking statements. These statements appear in a number of places in this presentation and include statements regarding the intent, belief, or current expectations of NL Americas and its management with respect to, among
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