Cox Energy América (COXA) Q3 2025 earnings summary

Executive summary

• Revenue more than doubled year-over-year to $7,742.2 million for the first nine months of 2025, driven by strategic acquisitions and expansion across multiple geographies.

• Net income rose 30.5% year-over-year to $566.7 million, with significant increases in EBIT and EBITDA.

• Major acquisitions included the remaining 60% of Ibox Energy and 100% of Son Rivieren (Khi Solar One), expanding the renewable energy portfolio.

Financial highlights

• Revenue: $7,742.2 million (+104% YoY); Gross profit: $3,031.7 million (+42.4% YoY).

• EBIT: $1,115.1 million (+88.9% YoY); EBITDA: $2,005.9 million (+69.9% YoY).

• Net income: $566.7 million (+30.5% YoY).

• Administrative expenses increased 61% to $794 million; financial expenses rose 255% to $453.5 million.

• Deterioration/amortization: $890.8 million (+51% YoY).

Outlook and guidance

• Management expects continued growth through further expansion and integration of recent acquisitions.

• Focus remains on developing, constructing, and operating energy infrastructure projects in both mature and high-growth markets.