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AES AES Electricity — Cost of Sales—Non-Regulated

Other product segments

Electricity, Generation
$150M+4.9%

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Other financials

Income statement

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Revenue$3.2B+8.7%
Gross profit$640.0M+45.1%
Net income$487.0M+959%
EPS (diluted)$0.68+871%

Balance sheet

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Cash & equivalents$2.3B-9.6%
Total debt$1.2B+17.8%
Total equity$4.4B+27.5%
Total assets$52.8B+8.6%

Cash flow

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Operating cash flow$1.2B+120%
CapEx$1.8B+40.8%
Free cash flow-$565.0M+20.3%

Valuation

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Market cap$10.49B+14.7%
P/E7.8×-2.2×
P/S0.8×+0.1×

Profitability

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Gross margin19.3%+1.7pp
Net margin10.8%+0.2pp
FCF margin-11.8%-4.4pp

Returns & leverage

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Return on equity34.3%-6.4pp
Debt / equity0.3×0.0×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by AES in its filing.

Tagged under the XBRL concept us-gaap:RelatedPartiesAmountInCostOfSales.

The source filing: AES’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 4:19 PM EST
Fiscal year
FY2025
Accession
0000874761-26-000063
Years Ended December 31,202520242023
Revenue—Non-Regulated$591$746$1,055
Cost of Sales—Non-Regulated150143576
Cost of Sales—Regulated373439
Interest income8129
Interest expense222636
Other income192328

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is AES's electricity — cost of sales—non-regulated?
AES (AES) reported electricity — cost of sales—non-regulated of $9.25M in Q4 2025.
How has AES's electricity — cost of sales—non-regulated changed year-over-year?
AES's electricity — cost of sales—non-regulated increased by 8.8% year-over-year, from $8.5M to $9.25M.
What is the long-term trend for AES's electricity — cost of sales—non-regulated?
Over 3 years (2022 to 2025), AES's electricity — cost of sales—non-regulated has grown at a -1.7% compound annual growth rate (CAGR), from $39M to $37M.
What does electricity — cost of sales—non-regulated mean?
This metric represents the direct costs attributable to the production and supply of electricity within non-regulated business segments. It encompasses expenses such as fuel procurement, variable operations and maintenance, and purchased power costs required to fulfill energy delivery obligations in competitive markets. Monitoring these costs is essential for assessing the operational efficiency and margin sustainability of non-regulated generation assets.

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