Green Earth Group (GREEN) H1 2025 earnings summary

Executive summary

• Rebranded from DGB Group to Green Earth Group and began trading as EARTH on Euronext Amsterdam, marking a new era of ownership and public engagement.

• Achieved full listing on Euronext Amsterdam, increasing visibility, liquidity, and access to institutional investors.

• Transitioned to a fully revenue-generating growth cycle, with a focus on large-scale, high-integrity nature-based projects.

• Expanded project pipeline, including flagship initiatives in Uganda, Kenya, and Kazakhstan, and achieved Gold Standard validation for the Bulindi project.

Financial highlights

• Revenue for H1 2025 was €215k, up from €29k in H1 2024, driven by carbon unit sales and consultancy services.

• Gross profit reached €144k, compared to €106k in the prior year period.

• Operating loss widened to €1.655m from €1.612m year-over-year, with a net loss of €2.265m versus €1.533m in H1 2024.

• Cash and cash equivalents increased to €4.049m from €460k at year-end 2024, supported by a private placement and bond issuance.

• Total assets rose to €14.581m from €7.924m at year-end 2024.

Outlook and guidance

• Maintains a constructive outlook for the voluntary carbon market, expecting continued price appreciation and robust demand for high-integrity, nature-based credits.

• Conservative pricing assumptions are used in financial models to ensure resilience.

• Optimistic about initiating dividend payments as early as 2025, contingent on financial results and capital needs.