Significant Revenue Growth
Revenues for the fourth quarter of 2024 amounted to $168 million, increasing 71% year-over-year compared to the fourth quarter of 2023. The annual figure reached $671 million, rising 25%.
Increase in Adjusted EBITDA
Adjusted EBITDA rose 44% year-over-year for the fourth quarter of 2024 to $65 million, whereas the annual metric increased 4% to $288 million.
Reduction in Net Debt
Net debt as of December 31, 2024, amounted to $132 million, a reduction of $154 million compared to December of 2023, showcasing a net debt to adjusted EBITDA ratio of about 0.5 times.
Renewable Energy Initiatives
Central Puerto announced plans for a high-voltage transmission line project in Northwestern Argentina and increased its equity in mining projects, including a 27.5% stake in a lithium project.