AES reported FY 2025 revenue of USD 12.2 billion and net income of USD 162 million, while net income attributable to shareholders was USD 910 million. Income from continuing operations was USD 201 million and operating margin was USD 2.2 billion. Net cash provided by operating activities was USD 4.3 billion (+56%). For profitability metrics highlighted by AES, adjusted EBITDA was USD 2.9 billion and adjusted EBITDA with tax attributes was USD 4.4 billion. Diluted EPS from continuing operations was USD 1.31, while adjusted EPS was USD 2.34. AES recorded an income tax benefit of USD 181 million and interest expense of USD 1.4 billion. Business updates for FY 2025 included completing construction of 3.2 GW of renewables and energy storage and signing long-term PPAs for an additional 4.0 GW of new renewable energy. AES also cited the impact of tax credit transfers, higher day-one losses on commencement of sales-type leases at AES Clean Energy, and impairments related to Uplight during the year.

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