Green Earth Group
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Green Earth Group (GREEN) investor relations material

Green Earth Group H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary30 Sep, 2026

Executive summary

  • H1 2026 marked a shift from project development toward commercial scaling: total sales order book reached €41.5m, including €5.9m prepaid and €35.6m payable on future delivery.

  • H1 added €4.1m in prepaid contracted sales, versus approximately €2.0m accumulated during 2020–2025; active restoration covered 4,479 hectares, with 90,000 cookstoves distributed and 3,126 farmers registered.

Financial highlights

  • H1 revenue was €628k versus €215k YoY; gross profit was €155k versus €144k, while EBITDA was a loss of €2.587m versus €1.614m.

  • Operating loss was €2.640m versus €1.655m; finance costs were €1.243m versus €590k, and net loss was €3.883m versus €2.265m.

  • Revenue included €420k from Kenya Cookstoves carbon credits, €43k from services and €165k from other credit sales.

Outlook and guidance

  • Mount Kenya’s first credit issuance is expected in 2027; Bulindi deliveries are scheduled for 2027–2031, extending to 2035 if the purchase option is exercised.

  • The H1 portfolio spans eight projects across seven countries; Q4 planting is expected to extend into Malawi, while the West Ukraine soil-carbon feasibility study could support a pilot of up to 100,000 hectares.

  • Capital mobilisation ambition is up to €100m by 2030; dividend initiation is targeted from 2030 onward, subject to market conditions, project performance and capital needs.

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Frequently asked questions

DGB Group N.V. is a prominent project developer focused on large-scale carbon and biodiversity projects that aim to offset carbon emissions and enhance biodiversity. The company specializes in nature-based solutions, including ecosystem restoration, conservation, and biodiversity enrichment. DGB assists governments and corporations in achieving net-zero emissions through various services, including ESG strategy development, carbon footprint calculation, ESG reporting, and offering carbon, biodiversity, and plastic credits. The company is headquartered in Lelystad, Flevoland, Netherlands, and its shares are listed on the Euronext Amsterdam.