MPC Energy Solutions – Presentation of H1 2026 results

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MPC Energy Solutions is expected to release its H1 2026 results on 30 July 2026. The same day at 10:00 AM, Stefan Meichsner, CFO and interim CEO, will present the results for the first half of 2026, provide an update on developments since the Q1 2026 report, and answer questions from the audience in a live online event.

In Q1 2026, proportionate project revenues came in at USD 2.5 million with a project EBITDA margin of 71%, broadly stable on a like-for-like basis year-on-year. Two one-off headwinds weighed on the quarter: adverse weather in Colombia and a metering error in Mexico that deferred roughly one month of revenue into the energy bank for recovery later in the year. Overhead costs fell 31% year-on-year, tracking well ahead of the USD 2.3 million full-year budget. For the full year 2026, management has guided proportionate revenues of USD 7.5 million and group EBITDA of USD 3.2 million.

In addition to the H1 financial results, focus at the event is also expected to cover the confirmed closing of Project Merlin and timing of the first capital distribution to shareholders, the updated free cash position following receipt of sale proceeds, the performance trajectory of the two remaining projects in Mexico and Colombia, and management's outlook for further asset divestments beyond Project Merlin.

Since the Q1 2026 report on 6 May, two significant developments have brought the company to this point. At the AGM on 27 May 2026 in Amsterdam, shareholders approved all resolutions required to enable capital distributions via a reduction in share capital, with a maximum distributable amount of EUR 1.70 per share outlined across multiple planned tranches linked to Merlin proceeds and subsequent asset divestments.

Most recently, MPCES announced that the San Patricio plant has secured its final permit and entered testing and commissioning, with COD now expected in July, one quarter later than originally guided. A further USD 1.5 million capital contribution is required to bridge the project to closing, though MPCES expects nearly the entire amount to be recovered through contractual price adjustments at sale.

Disclaimer: HC Andersen Capital receives payment from MPC Energy Solutions for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis, kl. 10.03, d. 26.06.2026.