IBU-tec advanced materials (IBU) investor relations material

Executive summary

• Achieved a commercial breakthrough in battery materials with milestone contracts with PowerCo SE, securing long-term production and development of LFP cathode material and significant expansion of production capacities by 2028.

• Battery materials accounted for 40% of consolidated revenue in 2025, with expectations to reach 70% by 2030 as revenue multiplies to €120–140 million.

• The company remains the only European producer of LFP cathode material, positioning itself as a key player in the European value chain and reducing dependency on Chinese suppliers.

Financial highlights

• Revenue decreased by 12% to €44.3 million in 2025 compared to €50.6 million in 2024, mainly due to planned restructuring at BNT Chemicals.

• EBITDA rose sharply to €4.6 million (up 355%), with the EBITDA margin improving from 2.0% to 10.5%.

• Net income turned positive at €6k, compared to a net loss of €5.3 million in 2024.

• Cash flow from operating activities increased by 55% to €14.5 million; free cash flow rose 173% to €6.4 million.

• Cash and cash equivalents increased to €3.1 million from €0.9 million.

• Equity ratio remained strong at 71.3%.

Outlook and guidance

• 2026 revenue is forecasted at €37–39 million, reflecting resource reallocation to battery materials and PowerCo project implementation.

• Significant milestone payments from PowerCo JDA expected in 2026, not impacting revenue but supporting future growth.

• EBITDA margin for 2026 projected at 7–10%.

• By 2030, revenue is expected to reach €120–140 million, with battery materials contributing €85–90 million and EBITDA margin rising to 13–15%.