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Arverne Group (ARVEN) investor relations material
Arverne Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Gross business volume rose 60.1% year-over-year to €16.8m, driven by drilling, geothermal, and strategic project execution.
Revenue for H1 2026 was €7.4m, down 19.6% year-over-year, mainly due to project mix and completion of major drilling projects in 2025.
Net loss widened to €13.8m from €11.7m in H1 2025, reflecting higher personnel and operating expenses.
Major milestones achieved in Lithium de France, including successful drilling, DLE demonstrator commissioning, and pilot plant validation.
Strategic partnerships, new contracts, and €70m in new financing secured to support industrial rollout and growth.
Financial highlights
EBITDA was negative at €677k, down from €1.7m in H1 2025; consolidated EBITDA loss improved to €10.8m year-over-year.
Net loss widened to €13.8m from €11.7m in H1 2025; net loss attributable to the group was €12.3m.
Cash and equivalents decreased to €45.5m as of June 30, 2026, reflecting heavy investment activity.
Capital expenditures reached €28.6m in H1 2026, mainly for lithium and geothermal projects.
Net financial debt at -€5.6m as of June 30, 2026; excluding leases, net debt at -€33.8m.
Outlook and guidance
2026 and 2031–2033 targets confirmed, including €400m in long-term contracts, 4 TWh/year geothermal production, and 27kt/year lithium carbonate output.
First heat sales expected in winter 2026/2027; first lithium production from geothermal brines in Alsace in 2027/2028.
Plans to accelerate drilling and industrial rollout, leveraging €70m in new financing.
Environmental impact reduction and responsible growth remain strategic priorities.
- Targets 4 TWh/year geothermal and 27,000 tonnes lithium by 2033, with first lithium in 2028.ARVEN
CMD 2026 - 46% business volume growth and major lithium project milestones, despite a net loss.ARVEN
H2 2025 - H1 2024 saw €4.5M revenue, €9.5M net loss, strong cash, and key lithium project milestones.ARVEN
H1 2024 - 45% growth in business volume, narrowed net loss, and major geothermal-lithium milestones achieved.ARVEN
H2 2024 - Gross business volume up 74% and revenue up 104%, with strong project and funding momentum.ARVEN
H1 2025
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