Key Financial Highlights

Quarterly Revenue
$8.42B
▲ 14.3% YoY
vs $7.36B in Q3 2024
Adjusted EBITDA
$2.87B
▲ 18.1% YoY
Margin: 34.1%
EPS (Diluted)
$1.24
▲ 16.7% YoY
vs $1.06 in Q3 2024
Free Cash Flow
$2.15B
▲ 22.4% YoY
After $620M capex

Quarterly Financial Performance

Metrics (USD Millions) Q3 2025 Q2 2025 Q3 2024 YoY Change
Revenue 8,420 7,985 7,362 +14.3%
Gross Profit 3,536 3,291 3,014 +17.3%
Gross Margin (%) 42.0% 41.2% 40.9% +1.1pp
Operating Expenses 659 632 588 +12.1%
Operating Income 2,877 2,659 2,426 +18.6%
Net Income (Attributable) 2,104 1,945 1,798 +17.0%
Diluted EPS $1.24 $1.14 $1.06 +16.7%
* Figures in millions, except per-share data. Adjusted for non-GAAP reconciling items per SEC guidelines. All changes calculated on constant currency basis.

Division Segment Breakdown

Solar & Photovoltaics

Grid-scale installations, commercial/residential deployments, and module manufacturing.

$3.12B (+18%)

Nuclear Fusion & Advanced Fission

Commercial pilot reactors, plasma containment research, and next-gen fission SMRs.

$1.84B (+24%)

Smart Grid & Infrastructure

High-voltage transmission, AI-driven load balancing, and utility modernization contracts.

$2.31B (+11%)

Energy Storage & Battery Tech

Solid-state batteries, flow storage systems, and grid-scale buffer deployments.

$1.15B (+9%)

Executive Commentary

"Q3 delivered exceptional momentum across our energy portfolio. Solar deployments exceeded guidance by 8%, while our fusion division achieved a sustained net-energy-positive run for 42 hours, marking a pivotal milestone for commercial viability. Grid modernization contracts in the EMEA and APAC regions drove strong margin expansion. We remain on track to meet our 2025 full-year targets while positioning for accelerated growth in 2026."

👤
Elena Rostova Chief Executive Officer, Aevum Energy & Power

Q4 2025 & 2026 Outlook

Q4 2025 Guidance

  • Revenue $8.6B – $8.9B
  • Adjusted EBITDA Margin 34.5% – 35.0%
  • Diluted EPS $1.28 – $1.34
  • CapEx Budget $680M

2026 Strategic Targets

  • Commercial Fusion Pilot 100MW Online
  • Grid Storage Deployments +35% YoY
  • Solar Manufacturing Capacity 42GW
  • Carbon Negative Operations 85% of Fleet

Safe Harbor & Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause actual results to differ materially, including but not limited to: regulatory changes in energy markets, supply chain constraints for critical minerals, technological execution risks in fusion research, interest rate fluctuations impacting capex, and geopolitical disruptions affecting international deployments. Aevum Zenth Conglomerate undertakes no obligation to update these forward-looking statements except as required by law. Non-GAAP measures are provided as supplements to, not substitutes for, GAAP financial data. Reconciliation schedules are available in Appendix B of the attached PDF deck. Past performance is not indicative of future results.