Scatec Asa (STECF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to our third quarter presentation. Today, we are presenting another quarter with strong financials and also good progress on our strategic priorities. We will also provide an update on our strategy and targets towards 2030. And then reflecting on our last 12 months, we've made significant progress on our strategic priorities. both in terms of growing our renewables portfolio, and also in terms of strengthening our balance sheet. And we expect this momentum to continue, and at an even higher pace than what we have seen over the last 12 months. So let me start with the highlights of the quarter, and then Hans Jakob will take you through the financials, and then I will come back with an update on our strategy and our targets towards 2030. So then, in terms of the highlights of the quarter, our total proportionate revenues increased by 22% to nearly 3 billion in the quarter. And our EBITDA was 1.1 billion, representing increased activity levels, and especially in our DNC segment, where we have had very good progress. Our projects under construction are progressing well with revenues of 1.8 billion in the DNC segment and a very strong margin of 11.4%. And I'm also very pleased with the development of the backlog, that it is now at an all-time high of 3.4 gigawatts after we have included a new project in Colombia, 130 megawatts after we have signed a PPA there, and also included 80 megawatts of battery projects in the Philippines after these projects are progressing and getting closer to construction. And here I would also like to highlight the progress that we are making on release, our platform for leasing out solar and best equipment in Africa. Here we have started installing a new solar and battery system and release contract with En...