Orege (OREGE) investor relations material

Executive summary

• Revenue for H1 2026 reached €2,366k, up 190% year-over-year, driven entirely by mobile service rentals and a strategic shift to recurring service activities for industrial and municipal clients.

• The US and UK remain key markets, with significant long-term contracts, local production ramp-up, and strengthened commercial teams, especially in the agri-food sector.

• The service model, launched in 2025, has rapidly expanded, with secured 2026 service revenue already exceeding 2025’s total revenue.

• A new integrated service combining Orège and Alfa Laval technologies was launched, expanding the service offering.

Financial highlights

• Net loss narrowed to €6,009k from €7,725k year-over-year, with operating loss at €4,540k.

• Personnel expenses fell 12% year-over-year due to exceptional indemnities paid in 2025.

• Financial result improved to -€1,470k from -€3,358k, mainly due to favorable currency effects.

• Gross margin improved due to higher service revenues, but was impacted by a negative swing in inventory production from +€2,150k in H1 2025 to -€1,550k in H1 2026.

• Cash and equivalents at period end were €1,845k, down from €3,822k at year-end 2025.

Outlook and guidance

• The company expects to maintain its focus on the US and UK, leveraging long-term contracts and recurring revenue streams, with 2026 service revenue already secured above 2025’s total.

• Liquidity is considered sufficient through June 2027, supported by shareholder advances and anticipated sales.

• A new €4.5m shareholder advance was authorized post-period, extending financial flexibility.

• Methanization and biogas solutions are identified as long-term growth drivers, with pilot projects underway in the US and France.