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Anaergia (ANRG) investor relations material
Anaergia Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved first positive adjusted EBITDA in over two years in Q3 2025, reflecting a successful shift to a capital-light business model and validating the Anaergia 2.0 transformation strategy.
Revenue increased 77% year-over-year to $51.4 million, driven by strong capital sales in Italy and North America.
Revenue backlog reached $287 million at quarter-end, nearly triple the start of the year and up from $244 million in Q2 2025, indicating robust customer demand and market momentum.
Financial highlights
Gross profit rose 146% year-over-year to $14.8 million, with gross margin expanding to 28.8% from 20.7%.
Adjusted EBITDA was $2.6 million, a $9 million improvement year-over-year, turning positive for the first time in over two years.
Net loss narrowed to $0.5 million from $15.6 million a year ago.
Income from operations reached $0.6 million, compared to a loss of $10.9 million in the prior year quarter.
SG&A expenses decreased 16% to $14 million, reflecting operational discipline.
Outlook and guidance
Management expects continued backlog growth and execution, supported by a robust and expanding project pipeline and favorable regulatory and environmental trends.
SG&A is expected to grow only with inflation and necessary talent retention, not in proportion to revenue.
No significant seasonality expected; project cycles drive revenue recognition.
Margin expansion anticipated through repeat projects, economies of scale, and operational efficiency.
The company is strategically positioned to benefit from increasing global demand for sustainable energy solutions.
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