EnergyVision (ENRGY) Q1 2026 earnings summary

Executive summary

• Revenue grew 60% year-over-year in Q1 2026, reaching €41.8M, driven by expansion in core activities, record energy production, and major growth drivers yet to be reflected in reported figures.

• Added over 20,000 new energy customers and 39,000 new PODS in March, with significant customer influx due to geopolitical crisis and fixed contract demand; over 18,000 new connections processed in two days.

• Maintained a leading Trustpilot score of 4.7 and Net Promoter Score of 40, the highest in the Belgian energy sector.

• Record performance in Asset-Based Energy (190% growth) and Asset-Based Mobility (61% growth), while EPC activities declined 48%.

Financial highlights

• Total revenue rose to €41.8M in Q1 2026 from €26.1M in Q1 2025 (+60%).

• Belgium revenue grew 68% to €39.3M; Morocco declined 47% to €0.5M; China increased 14% to €2.0M.

• Asset-Based Energy revenue surged 190% to €6.1M; Asset-Based Mobility up 61% to €2.4M; Non-Asset-Based Energy up 96% to €35.0M.

• EPC segment revenue fell 48% to €3.1M, reflecting strategic focus and market conditions.

• Google rating at 4.6 out of 5.

Outlook and guidance

• By early June, greater visibility is expected on the customer and asset portfolio for the year, with medium-term targets for revenue, assets, and REBITDA expected to be revised upward.

• REBITDA growth of at least 30% for 2026 reaffirmed.

• Further growth anticipated from Wallonia launch and new customer inflows, with additional 15,000 connection points secured from June.