La Française de l'Energie S.A. (FDE) investor relations material

Executive summary

• Nine-month sales reached €22 million, stable year-over-year, with growth in gas and electricity revenues driven by higher volumes and prices amid the ongoing energy crisis.

• Major investment programs in France and Norway are progressing, including expansion of low-carbon power generation and RNG projects.

• The company is advancing innovation platforms in natural hydrogen and CO₂ capture, aiming to create significant future value.

Financial highlights

• Gas sales rose to €7.1 million and electricity sales to €9.0 million for the nine-month period.

• Third-quarter gas sales grew 15% sequentially, and electricity sales increased 8%, both driven by higher volumes and prices.

• Norwegian operations contributed €5.8 million in revenues, up 15% year-over-year.

Outlook and guidance

• 2030 targets reaffirmed: revenues above €175 million, EBITDA above €85 million, and over 20 million metric tons of CO₂ equivalent emissions avoided annually.

• Engineering revenues in Norway expected to rebound in summer 2026 with new contracts.