AES · 10-Q · 2026Q2 · Full report

Headcount / Restructuring

AES CORP · 2026-08-04 · Importance 30 · Surprise 42

AES recorded $50 million of one-time restructuring costs in the first half of 2025, improving the 2026 year-over-year net-income comparison by that amount. The February 2025 program included workforce-reduction efforts and right-sizing of the development company. The program also drove $51 million of prior-year write-offs for nonviable project-development intangibles and capitalized development costs at AES Clean Energy Development.

Key facts

• During the first quarter of 2025, the Company updated the definition of Adjusted EBITDA and Adjusted PTC to exclude costs directly associated with a major restructuring program, including workforce reduction efforts. source