Ormat posted higher revenue in Q4 and FY 2025, supported by growth in its Product and Energy Storage segments. Total revenue rose to USD 276.0 million in Q4 2025 (+19.6%) and USD 989.6 million in FY 2025 (+12.5%). Q4 2025 operating income was USD 42.6 million (-13.3%), while net income attributable to stockholders was USD 31.4 million (-23.2%), with diluted EPS of USD 0.50 (-25.4%); Ormat cited USD 12.0 million in impairment charges as a key driver of the Q4 net income decline. Adjusted EBITDA increased to USD 158.7 million in Q4 2025 (+9.1%) and USD 582.0 million in FY 2025 (+5.7%). Segment revenue in Q4 2025 was USD 186.6 million for Electricity (+3.6%), USD 63.1 million for Product (+59.1%), and USD 26.3 million for Energy Storage (up 2.4x). In business updates, Ormat said it signed long-term PPAs including a 15-year geothermal portfolio PPA of up to 150MW to supply Google’s data centers through NV Energy (executed February 2026) and a 20-year PPA with Switch for approximately 13MW from the Salt Wells power plant (signed January 2026). The company highlighted progress in enhanced geothermal systems via its SLB collaboration and a Sage Geosystems investment and cooperation agreement, including a USD 25.0 million Series B investment in Sage (January 2026). Ormat also noted the January 2026 acquisition of the Hoku hybrid solar-plus-storage facility in Hawaii for USD 80.5 million and reported Product segment backlog of approximately USD 352.0 million as of February 25, 2026. For FY 2026, Ormat guided for total revenue of USD 1.11 billion to USD 1.16 billion and adjusted EBITDA of USD 615.0 million to USD 645.0 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ormat Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602251605PRIMZONEFULLFEED9661474) on February 25, 2026, and is solely responsible for the information contained therein.