2G Energy (2GB) H1 2026 earnings summary

Executive summary

• Orders exceeded EUR 400 million in Q3 2026, driven by strong data center demand and broad-based segment growth.

• Major new contracts secured in both data center and mining sectors, with significant down payments received.

• Management Board raised 2027 revenue forecast to EUR 600–650 million and issued first 2028 guidance at EUR 750–850 million.

Financial highlights

• H1 2026 total output was EUR 184.0 million, down 4.7% year-over-year (H1 2025: EUR 193.0 million).

• EBIT margin for H1 2026 was 0.6%, compared to 3.3% in the prior year.

• EBIT for H1 2026 was EUR 0.8 million, down from EUR 5.7 million in H1 2025.

• Liquidity increased sharply to EUR 29.3 million as of June 30, 2026 (Dec 31, 2025: EUR 0.1 million).

• Service revenue was EUR 83.5 million, only 4.3% below prior year, with Q2 exceeding previous year.

Outlook and guidance

• 2026 revenue forecast remains at the upper end of EUR 440–490 million, with EBIT margin of 9.5–10.5%.

• 2027 revenue forecast raised to EUR 600–650 million, with EBIT margin expected to exceed 11%.

• 2028 revenue forecast issued for the first time at EUR 750–850 million, reflecting continued strong growth.

• New assembly hall at Heek to begin operations end of 2027, supporting higher revenue potential.