Hoffmann Green Cement Technologies (ALHGR) H1 2026 earnings summary

Executive summary

• Achieved a record 151% increase in production volumes in H1 2025 versus H1 2024, reflecting strong adoption of 0% clinker cements.

• Revenue reached €3.5 million, up 8% year-over-year, entirely from cement sales, indicating market traction.

• Expanded partner network, supplying over 130 construction sites and delivering 60,000 m³ of 0% clinker concrete.

• Obtained ASTM C1157 certification for H-UKR cement in the US, supporting international expansion.

Financial highlights

• Revenue for H1 2025 was €3.5 million, an 8% increase compared to H1 2024.

• EBITDA was -€5.7 million, down from -€3.1 million in H1 2024, due to a shift from high-margin licensing fees to direct cement sales.

• Net loss widened to -€8.4 million from -€5.2 million year-over-year.

• Cash and cash equivalents stood at €5.5 million as of June 30, 2025.

• Shareholders' equity was €54 million, with significant reduction in bank debt.

Outlook and guidance

• Targeting sales of 50,000 tons of cement by end of 2025, with positive EBITDA contingent on new licensing agreements.

• Commercial and operational targets for 2030 reaffirmed, including €150 million in revenue and 1 million tons production capacity.

• Construction of a third factory (H3) planned for 2027-2028 to support growth.