EnergyVision (ENRGY) Q2 2026 earnings summary

Executive summary

• Achieved best-ever start to the year, with accelerating growth and increasing customer satisfaction; NPS rose to 43 and Trustpilot score reached 4.7/5.

• Recurring domestic segments drove strong growth in H1 2026, with all segments except EPC expanding.

• Profits are structural and sustainable, not driven by temporary market or geopolitical factors.

• Market share increased during challenging conditions, aided by stable pricing and operational flexibility.

• 90% of 2027 underlying EBITDA already secured based on current contracts and assets.

Financial highlights

• Group revenue increased by 57% year-over-year for H1 2026, reaching €98.1 million.

• Underlying EBITDA grew by 45.2% to €22.8 million; net profit rose to €6.9 million, up 53.3% year-over-year.

• Gross margin improved 28.4% to €36.6 million; net profit margin stable at 7.0%.

• Net financial debt increased to €110.5 million, with net debt/underlying EBITDA at 2.4x, expected to remain below 2.5x by year-end.

• Investments totaled €34.1 million in H1 2026; total assets grew 10.5% to €377.8 million.

Outlook and guidance

• Upward revision of outlook: now targeting 35% underlying EBITDA growth in 2026 and at least 40% in 2027, with over 90% already secured.

• Management expects H2 2026 underlying EBITDA to exceed H1.

• Recurring revenues and customer base expansion provide high visibility for future earnings.