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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.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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