The AES Corporation has reported its financial results for the second quarter of 2025, revealing a significant decline in net income compared to the previous year. The company recorded a net loss of $150 million, a decrease of $303 million compared to a net income of $153 million in the second quarter of 2024. This decline is primarily attributed to higher day-one losses on sales-type leases at AES Clean Energy Development and increased income tax expenses. Despite the net loss, AES reported robust growth in its non-GAAP financial measures. The Adjusted EBITDA for the quarter reached $681 million, up from $658 million in the same period last year. Additionally, the Adjusted EBITDA with Tax Attributes rose to $1,057 million, compared to $849 million in Q2 2024. The company also reported an Adjusted EPS of $0.51, improving from $0.38 in the second quarter of the previous year. AES has reaffirmed its 2025 guidance, projecting Adjusted EBITDA between $2,650 million and $2,850 million, and Adjusted EBITDA with Tax Attributes from $3,950 million to $4,350 million. The company continues to target an annualized growth rate of 5% to 7% through 2027, based on a 2023 guidance baseline.