Solaria has reported a 148% jump in net profit to €142m for the first nine months of 2025 on the back of strong operating growth and new plant connections.
The company said revenue rose 65% year on year to €259m and EBITDA increased 75% to €231m, putting it on track to exceed its 2025 guidance of €250m.
Solaria said the performance was driven by the commissioning of additional capacity and lower financial costs.
The developer said it will reach 3GW of operational capacity by the end of 2025, with 4.4GW in operation and under construction across its European pipeline.
It said progress includes the 710MW Garoña facility, 200MW in Catalonia, 150MW at Peralveche, 45MW at Tucana and the grid connection of its first hybrid battery in Spain.
Solaria said it ended the period with net debt of €1.316bn, equivalent to 4.5x EBITDA over the last 12 months, and continued to generate positive operating cash flow.
It added that its share buyback programme, approved in July to repurchase up to 10% of its capital, has reached 2.85%.
Chief executive Arturo Díaz-Tejeiro Larrañaga said: “We are reaping the rewards of a disciplined strategy: more generation, greater efficiency, and a decisive entry into new businesses such as storage and data centers.”
He said: “Our goal is to consolidate Solaria as the leading energy and digital operator in Europe.”