Alerion Clean Power (ARN) Q1 2026 earnings summary

Executive summary

• Operating revenues reached €44 million in Q1 2026, up 18% year-over-year from €37.3 million in Q1 2025.

• EBITDA rose to €35.2 million, a 27% increase compared to €27.8 million in Q1 2025.

• Electricity production increased to 372.2 GWh from 315.4 GWh in the prior year period, driven by more favorable wind conditions.

• The EBITDA margin improved to 80% from 74.5% year-over-year.

Financial highlights

• Operating revenues: €44 million (+18% YoY).

• EBITDA: €35.2 million (+27% YoY); Proforma adjusted EBITDA: €38 million (vs. €30.6 million in Q1 2025).

• Average electricity sale price remained stable at €118.3/MWh (vs. €118.2/MWh in Q1 2025).

• Net financial debt increased to €648.4 million as of March 31, 2026 (from €598.6 million at December 31, 2025).

Outlook and guidance

• Improved wind conditions contributed to higher production, with stable energy prices supporting revenue growth.

• No significant negative impact from energy price hedging contracts in Q1 2026, unlike the prior year.