FY 2025 ANNUAL REPORT | ENERGY SEGMENT | DATED: MARCH 2026

Energy & Power Division
Fiscal Year 2025 Report

Strategic growth, grid modernization, and accelerated transition to low-carbon generation across 28 operational territories.

AUDITED • SEC FILING • PUBLIC RELEASE

Powering the Transition

FY2025 marked a pivotal year for the Aevum Zenth Energy Segment. Driven by record demand for renewable infrastructure, successful commercialization of next-generation storage systems, and strategic grid modernization projects, the division delivered a 12.4% year-over-year revenue increase to $14.2B. Our integrated portfolio—spanning utility-scale solar, offshore wind, nuclear advanced modular reactors, and distributed smart grid technologies—continues to set industry benchmarks in efficiency and reliability.

Under the leadership of Segment President Elena Rostova, we executed $4.5B in targeted CAPEX, prioritizing projects with sub-5% IRR hurdles and 15+ year operational lifespans. The division's EBITDA margin expanded to 26.8%, reflecting operational discipline and optimized fuel mix economics.

Key Metrics & Results

Total Revenue
$14.2B
▲ 12.4% YoY
EBITDA
$3.8B
▲ 18.1% YoY
Net Income
$2.1B
▲ 14.7% YoY
Adjusted CAPEX
$4.5B
▼ 3.2% vs Budget
ROE
18.4%
▲ 2.1% pts
Debt/EBITDA
2.8x
▲ Improved
Revenue by Sub-Segment (FY2025)
$6.1B
Renewables
$4.3B
Grid & Storage
$2.8B
Traditional
$1.0B
Emerging

Major Milestones & Deployments

Energy Transition Metrics

Our commitment to net-zero operations aligns with global climate accords while delivering shareholder value. FY2025 saw measurable progress across Scope 1, 2, and 3 emissions.

Renewable Generation Mix 78%

Target: 85% by FY2027

Scope 1 & 2 Emissions Reduction -32%

Target: -50% by FY2030 (vs 2020 baseline)

Water Recycle Rate 91%

Closed-loop cooling systems deployed across 94% of facilities

Community Investment $184M

Focused on workforce training, grid equity, and rural electrification

FY2026 Strategy & Outlook

Looking ahead, the Energy Segment will prioritize high-IRR renewable expansion, next-generation SMR (Small Modular Reactor) licensing, and AI-driven asset management. We project revenue growth of 9–11%, with EBITDA margins stabilizing above 26% as legacy fossil assets transition to hybrid operations.

Strategic Priorities

  • Accelerate permitting and construction of 3 GW of solar/wind capacity across APAC and North America
  • Finalize grid interconnection agreements for 2 GW of long-duration storage
  • Launch commercial pilot for advanced nuclear SMR technology (Q3 2026)
  • Expand energy-as-a-service (EaaS) offerings to commercial/industrial clients
  • Maintain investment-grade credit rating while optimizing capital structure

Segment Income Summary (Unaudited)

($ in millions) FY 2025 FY 2024 Change
Revenue14,21012,640+12.4%
Cost of Goods Sold(8,950)(7,820)+14.5%
Gross Profit5,2604,820+9.1%
Operating Expenses(1,460)(1,310)+11.5%
Depreciation & Amortization(210)(195)+7.7%
EBITDA3,8003,215+18.2%
Interest & Tax(1,700)(1,580)+7.6%
Net Income2,1001,835+14.4%