Agripower France (ALAGP) H2 2025 earnings summary

Executive summary

• Annual results improved over the previous year, despite non-recurring items from discontinued farm-based methanation activities.

• Strategic transformation to focus on large-scale biomethane injection units is already reflected in the order book and recent contract wins.

• Leadership transition underway, with the President stepping down and a new director proposed.

Financial highlights

• Economic net revenue for 2024-2025 was €4.4M, up from €1.4M the previous year.

• EBITDA loss reduced to -€2.6M from -€4.5M year-over-year, reflecting cost control and operational efficiency.

• Net loss improved to -€3.9M from -€4.9M year-over-year.

• Operating result at -€4.1M, impacted by exceptional write-downs and losses on underperforming equipment.

Outlook and guidance

• Revenue target for 2025-2026 set between €12M and €15M, with a positive EBITDA expected.

• Active project pipeline of about €15M in negotiations, with decisions expected within 12 months.

• Market conditions for biomethane injection are favorable, supported by regulatory changes.