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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.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.
- First carbon credit revenues achieved, but net loss widened and auditor issued a disclaimer.GREEN
H2 2024 - Revenue up, losses persist, but major contracts and expansion set stage for future growth.GREEN
H2 2025 - Q1 2026 delivered record forward sales, rapid project expansion, and strong progress on strategic targets.GREEN
Q1 2026 - Revenue up, net loss widened; strong project growth and positive carbon market outlook.GREEN
H1 2025
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