Entech (ALESE) H2 2025 earnings summary

Executive summary

• Revenue reached €75.9M for 2025, up 62% year-over-year (pro forma), with EBITDA margin at 5.8% and net income positive at €0.7M after a prior year loss.

• Record order intake of approximately €200M in 2025, with a consolidated backlog of €150M at year-end, supporting future growth.

• Board proposes a dividend of €0.068 per share (~€1M total) for 2025.

Financial highlights

• Gross margin was €23.1M, representing 30.5% of revenue.

• EBITDA stood at €4.4M, up from €0.36M in the previous period.

• Net income turned positive at €0.7M, compared to a €0.6M loss in 2024.

• Cash and equivalents increased to €43.1M from €13M year-over-year.

Outlook and guidance

• 2026 targets confirmed: €130M revenue and 8–10% EBITDA margin.

• Strategic roadmap aims for >€300M revenue and 20–25% EBITDA margin by 2029, with over 350 MW of owned assets.