What factors drove the changes in Enlight Renewable's revenue and profit?

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What guidance did Enlight Renewable's management provide for the next earnings period?

Did Enlight Renewable beat or miss consensus estimates last quarter?

What is Enlight Renewable's latest dividend and current dividend yield?

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What were the key takeaways from Enlight Renewable’s earnings call?

- **Revenue Growth**: Q3 2025 revenue up 46% YoY to $165 million, with full-year guidance raised to $555-565 million.
- **Storage Expansion**: 11.8 GWh global storage portfolio, targeting 40% of mature portfolio revenue.
- **Capital Strength**: $4.8 billion raised in 12 months, including $1.5 billion for Snowflake A project.
- **Tariff Mitigation**: Diversified supply chain to reduce U.S. tariff exposure.
- **Pipeline Momentum**: 14-17 GW projects for safe harbor by mid-2026, supporting $1.6 billion annual mature portfolio revenue.

**【CEO Summary】**
- Q3 2025 revenue and income grew 46% YoY to $165 million, with adjusted EBITDA up 23% to $112 million and net income up 33% to $32 million.
- Raised full-year 2025 guidance to $555-565 million revenue (6% increase) and $405-415 million EBITDA (4.5% increase).
- Expanded energy storage portfolio with 11.8 GWh globally, targeting 40% of mature portfolio revenue contribution.
- Secured 14-17 GW of projects for safe harbor by mid-2026, supporting $1.6 billion annual mature portfolio revenue by 2027-2028.

**【CFO Financial Commentary】**
- Revenue from electricity sales rose 27% YoY to $139 million, driven by 22 million in new project contributions.
- Secured $4.8 billion in capital over 12 months, including $1.5 billion for Snowflake A project and $300 million equity raise.
- 90% of 2025 generation output sold at fixed prices, with $80-90 million in U.S. tax benefits expected.

**【Q&A Highlights】**
- **Safe Harbor Strategy**: Accelerated physical work (off-site manufacturing/on-site construction) to meet 14-17 GW safe harbor target.
- **EBITDA Margins**: Project-level margins 75-80%, with corporate expenses impacting overall 70-80% target.
- **Tariff Mitigation**: Diversified module sourcing from non-tariff countries and U.S. assembly to reduce risk.
- **Growth Pipeline**: 37 GW total portfolio (9.6 GW mature) with 250 MW advancing to preconstruction phase quarterly.

Enlight Renewable Energy Ltd (ENLT) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

ENLT

ENLT fundamentals

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