Mon Courtier Energie Groupe (ALMCE) H2 2024 earnings summary

Executive summary

• 2024 revenue grew 17% to €24.7M, adding over 3,000 new B2B clients and expanding internationally despite a challenging environment.

• Operating income turned negative at -€0.2M, impacted by investments in international launches, proprietary branch development, and energy transition services.

• EBITDA remained positive at €0.4K, with a solid cash position of €7.8M at year-end.

• Net result swung to a loss of -€0.35M from a profit of €1.18M in 2023.

• Q1 2025 revenue rose 39% year-over-year to €6.4M, supporting the full-year revenue target of €26M and a return to operational profitability by end-2025.

Financial highlights

• Revenue grew from €21.0M in 2023 to €24.7M in 2024 (+17.3%), with 93% from brokerage activities and €0.4M from international operations.

• Operating expenses increased 27% to €25.4M, mainly due to higher personnel costs (+44-45%) and commissions.

• EBITDA for 2024: €382K, down from €2.04M in 2023.

• Cash position at year-end 2024: €7.8M.

• Net profit (Group share) for 2024 was -€0.3M, compared to €1.2M in 2023.

Outlook and guidance

• 2025 revenue target: €26M, with operating income of €1.5M and a return to profitability.

• 2028 targets: €40M in annual revenue and €4M in operating income, with international operations contributing 10% of revenue.

• Strategic focus on expanding the customer base, increasing revenue per customer, cost control, and digitalization.