Hoffmann Green Cement Technologies (ALHGR) H2 2024 earnings summary

Executive summary

• Revenues doubled year-over-year to €13.2 million in 2024, driven by international licensing and new distribution partnerships.

• EBITDA improved significantly to -€0.7 million from -€5.2 million in 2023, nearing breakeven for the first time.

• Order book increased 20% to 360,000 tons, supported by expanded partnerships and market diversification.

• Strategic licensing agreements signed in the US, UK, Ireland, and Saudi Arabia, accelerating international growth.

• Strong start to 2025 with business activity in Q1 matching the first half of 2024.

Financial highlights

• Revenue reached €13.2 million in 2024, up from €6.0 million in 2023, mainly due to €10.5 million in licensing entrance fees.

• EBITDA improved to -€0.7 million from -€5.2 million year-over-year.

• Net loss narrowed to -€5.0 million from -€7.9 million in 2023.

• Cash and cash equivalents at year-end were €16.5 million; shareholders' equity stood at €62.5 million.

• Bank debt reduced by €4.9 million, targeting debt-free status by end of 2027.

Outlook and guidance

• Targeting €150 million in revenues and 1,000,000 tons of production by 2030, with five additional international licensing contracts.

• Construction of a third production site (H3) in Rhône-Alpes planned for 2027-2028.

• Continued R&D with six approved 0% clinker cements and ongoing expansion in France and abroad.