Ecoslops (ALESA) H2 2025 earnings summary

Executive summary

• Revenue increased by 5% year-over-year to €12.0 million in 2025, despite less favorable oil market conditions.

• EBITDA remained positive at €0.3 million, close to the previous year.

• Net loss narrowed to €2.4 million from €3.1 million in 2024.

• Cash position at year-end was €5.2 million, with stable net debt.

Financial highlights

• Gross margin rate declined by 4 points to 61% due to higher shipping costs and a less favorable mix.

• Operating expenses remained contained, supporting stable EBITDA.

• Financial result was negative €1.5 million, including a €0.8 million impairment on Valtech Energy.

• Cash and cash equivalents decreased by €1.4 million to €5.2 million.

Outlook and guidance

• Decision on Sines port sub-concession renewal expected in the second half of 2026, with three possible outcomes.

• Scarabox project in Ivory Coast delayed to 2026 due to political changes; further client discussions ongoing.