EnviTec Biogas (ETG) investor relations material

Executive summary

• Total output increased by 6.8% to EUR 376.4 million in 2025, while revenues declined by 7.4% to EUR 312.6 million compared to the previous year.

• Earnings before taxes (EBT) dropped to EUR 26.0 million from EUR 44.0 million year-over-year, impacted by regulatory changes and a one-off provision.

• Strategic investments, including the acquisition of LIQVIS GmbH and a bio-LNG supply agreement, expanded market reach and diversified operations.

• Dividend suspension proposed for 2025 due to short-term regulatory burdens and market uncertainties.

Financial highlights

• EBITDA was EUR 59.6 million, down from EUR 67.3 million year-over-year.

• Net income for 2025 was EUR 16.7 million, compared to EUR 29.8 million in the previous year.

• Earnings per share declined to EUR 1.12 from EUR 2.01 year-over-year.

• Cash and cash equivalents stood at EUR 25.7 million at year-end 2025.

Outlook and guidance

• For 2026, total output or revenues are forecasted between EUR 330 million and EUR 370 million, with EBT expected between EUR 5 million and EUR 15 million.

• Rising revenues and earnings anticipated again from 2027 onwards.

• Short-term burdens from regulatory changes, especially abolition of double GHG quota counting, are expected to impact 2026 results.