La Française de l'Energie S.A. (FDE) Q4 2026 TU earnings summary

Executive summary

• Reported annual revenue of €29.1 million for fiscal year 2026, a 4% decline year-over-year, mainly due to a strategic refocus in Norway.

• Revenue stability supported by recurring gas and electricity sales, with gas volumes up 30% and electricity volumes up 1% despite lower prices.

• Growth expected in 2027 from new cogeneration units in France and integration of a biogas plant in Oslo.

Financial highlights

• Gas sales increased 14% to €9.2 million, with volumes reaching 228 GWh; average price decreased to €40/MWh from €46/MWh.

• Electricity sales totaled €11.7 million, down from €12.9 million, with prices falling 10% to €84/MWh.

• Norwegian revenue was €7.8 million, down from €8.8 million, reflecting the end of certain EPC contracts and a focus on internal projects.

Outlook and guidance

• Revenue growth of over 25% targeted for fiscal year 2027, driven by new power generation units and the Oslo biogas plant acquisition.

• By 2030, annual revenues are projected above €175 million and EBITDA above €85 million.

• More than 20 million metric tons of CO2 equivalent emissions avoided each year is targeted.