Arverne Group
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Arverne Group (ARVEN) investor relations material

Arverne Group H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary25 Sep, 2025

Executive summary

  • Gross business volume reached €10.5 million in H1 2025, up 74% year-over-year, driven by deep drilling and geothermal projects.

  • Revenue doubled year-over-year to €9.1 million in H1 2025, supported by major drilling projects and increased activity in core segments.

  • Major milestones include the start of Lithium de France drilling, Bpifrance joining the capital, environmental authorization for Lithium de France, and new strategic partnerships.

  • Strengthened team with a 45% increase in average headcount to 226 employees as of June 30, 2025.

Financial highlights

  • Consolidated revenue rose 104% to €9.1 million in H1 2025 compared to H1 2024, mainly from drilling services.

  • EBITDA at -€11.4 million, with net loss widening to -€11.7 million, mainly due to higher personnel costs and investments.

  • Net financial income was €0.6 million, down from €2.4 million YoY due to lower cash balances and interest rates.

  • €11 million invested in H1 2025, mainly for Lithium de France and drilling equipment.

  • Cash and cash equivalents at €97.5 million as of June 30, 2025, down from €123.8 million at year-end 2024.

Outlook and guidance

  • Targeting gross business volume of €25–30 million for 2025, representing 45–75% growth, driven by geothermal projects and lithium drilling.

  • Annual investment program to be maintained at €50 million, including start of Lithium de France drilling.

  • First production and sales of heating & cooling expected in 2027, geothermal lithium in 2028.

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