Ecomembrane (ECMB) H2 2025 earnings summary

Executive summary

• Value of production increased by 66% year-over-year to €35.1 million, driven by strong organic growth and new orders, especially in biomethane and solar segments.

• EBITDA rose 75% to €3.3 million, and EBIT more than doubled (+153%) to €1.76 million compared to 2024.

• Net income attributable to the group reached €1.14 million, up from €0.17 million in 2024.

• Proposed ordinary dividend of €0.096 per share, totaling €412,235.

Financial highlights

• Revenue from sales and services grew 28% to €25.7 million; work in progress contributed €8.9 million.

• Personnel costs increased 29.6% to €6.8 million, but their ratio to production value decreased by 5.5%.

• Net financial position remains cash positive at €4.2 million, though down from €5.4 million in 2024.

• Shareholders' equity rose to €16 million, mainly due to net income.

Outlook and guidance

• Focus on consolidating the group’s role in renewables, improving operating margins, and leveraging synergies between storage and solar.

• Full production capacity expected in 2026, with a strong order backlog and pipeline, especially in Italy.

• U.S. market expected to normalize after recent tariff and incentive uncertainties.

• Anticipated completion of the Romea solar project and new plant constructions.