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AES CORP

LISTEDNYSE

SYMBOLAES

SIC4991

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK874761

COGENERATION SERVICES & SMALL POWER PRODUCERS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	–	–
Stockholders' equity	4,063	100.0
Total capitalization	4,063	100.0

713,438,630 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 4 August 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Not tagged in XBRL

CAPITAL STOCK 12/31/25

Common shares authorized	1,200,000,000
Common shares issued	859,836,539
Treasury shares	147,634,762
Par or stated value per share ($)	0.01
Outstanding at 7/31/26	713,438,630

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	0.70	55.9
2024	0.69	29.4
2023	0.67	191.5
2022	0.64	–
2021	0.61	–

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as AES CORPORATION (to 11 January 2005).

BUSINESS: Classified by the SEC under Standard Industrial Classification 4991, Cogeneration Services & Small Power Producers. Large accelerated filer. Principal executive office: 4300 Wilson Boulevard, Arlington, VA 22203. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Operating revenues	12,233	12,278	12,668
Depreciation and amortization	1,457	1,264	1,147
Interest charges	1,407	1,485	1,319
Income before income taxes	75	894	104
Income taxes	(181)	59	261
Net income	910	1,679	249
Earned per share, diluted ($)	1.26	2.36	0.35
Dividends per share ($)	0.70	0.69	0.67

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Utility plant, net	37,818	33,166
Cash and equivalents	1,382	1,524
Total current assets	6,502	6,831
Regulatory assets	751	791
Total assets	51,768	47,406
Total current liabilities	8,492	8,571
Regulatory liabilities	449	563
Common stockholders' equity	4,063	3,644
Total capitalization and liabilities	51,768	47,406

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	12,233	–	910	7.4	1.26	0.70	4,306	5,929	(1,623)	51,768	42,663d	–	4,063	22.4	–
12/31/24	12,278	–	1,679	13.7	2.36	0.69	2,752	7,392	(4,640)	47,406	39,702d	–	3,644	46.1	–
12/31/23	12,668	–	249	2.0	0.35	0.67	3,034	7,724	(4,690)	44,799	38,814d	–	2,488	10.0	–
12/31/22	12,617	–	(546)	-4.3	(0.82)	0.64	2,715	4,551	(1,836)	38,363	33,859d	–	2,437	-22.4	–
12/31/21	11,141	–	(409)	-3.7	(0.61)	0.61	1,902	2,116	(214)	32,963	28,396d	–	2,798	-14.6	–
12/31/20	9,660	–	46	0.5	0.07	0.58	2,755	1,900	855	34,603	29,883d	–	2,634	1.7	–
12/31/19	10,189	–	303	3.0	0.45	0.55	2,466	2,405	61	33,648	28,419d	–	2,996	10.1	–
12/31/18	10,736	–	1,203	11.2	1.81	0.53	2,343	2,121	222	32,521	26,917d	–	3,208	37.5	–
12/31/17	10,530	–	(1,161)	-11.0	(1.76)	0.49	2,504	2,177	327	33,112	28,267d	–	2,465	-47.1	–
12/31/16	10,281	–	(1,130)	-11.0	(1.72)	0.45	2,897	2,345	552	36,124	30,424d	–	2,794	-40.4	–

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

AES CORP
CIK 874761 · EIN 54-1163725

PRINCIPAL OFFICE:

4300 Wilson Boulevard, Arlington, VA 22203
Tel.: 7035221315

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

4991 · Cogeneration Services & Small Power Producers

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 2 March 2026

FORMER NAMES:

AES CORPORATION

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/17/26	8-K	period 9/17/26
9/16/26	8-K	period 9/14/26
8/27/26	8-K	period 8/27/26
8/5/26	8-K	period 8/5/26
8/4/26	10-Q	period 6/30/26
7/27/26	8-K	period 7/21/26
6/26/26	8-K	period 6/26/26
6/16/26	8-K	period 6/11/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 3/2/26) · 10-K FY2024 (filed 3/11/25) · 10-K FY2023 (filed 2/26/24) · 10-K FY2022 (filed 3/1/23) · 10-K FY2021 (filed 2/28/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/28/20) · 10-K FY2018 (filed 2/27/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.