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AES AES New Energy Technologies — Goodwill

Other segment segments

Renewables
$315M-0.9%
Energy Infrastructure
$27M0.0%
Utilities
$0

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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:Goodwill.

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
Balance as of December 31, 2024Renewables SBUUtilities SBUEnergy Infrastructure SBUNew Energy Technologies SBUTotal
Goodwill$353$2,709$683$3,745
Accumulated impairment losses(35)(2,709)(656)(3,400)
Net balance31827345
Goodwill derecognized during the year(3)(3)
Balance as of December 31, 2025
Goodwill3502,7096833,742
Accumulated impairment losses(35)(2,709)(656)(3,400)
Net balance$315$27$342

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is AES's new energy technologies — goodwill?
AES (AES) reported new energy technologies — goodwill of $0 in Q4 2025.
What does new energy technologies — goodwill mean?
Represents the premium paid over the fair value of identifiable net assets during the acquisition of businesses within the New Energy Technologies segment. It reflects the intangible value of synergies, market presence, and future growth potential specific to this innovative energy division.

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