Orege (OREGE) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 declined by 22% to €817k, with services contributing €718k, compared to €1,043k in H1 2024.

• Operating loss widened to €4,367k from €3,751k year-over-year.

• Net loss increased to €7,725k versus €4,359k in H1 2024.

• Significant investments over €12m were made to expand mobile service capacity in Europe and the US.

• Commercial momentum in mobile services accelerated, with new contracts and pilot projects in both municipal and industrial sectors.

Financial highlights

• Revenue: €817k, down 22% year-over-year.

• Operating loss: €4,367k, a 16% increase in losses.

• Net financial result: loss of €3,358k, impacted by higher debt costs and a €1,830k net FX loss (vs. €608k gain in H1 2024).

• Cash and equivalents: €2,475k at June 30, 2025, up from €449k at December 31, 2024, mainly due to €10,047k net financing inflow.

• No income tax recognized due to ongoing losses; significant tax loss carryforwards remain.

Outlook and guidance

• Continued expansion of mobile service model in Europe and North America, with ongoing and new contracts.

• Ongoing development of biogas solutions, with promising pilot results in France, the US, and Italy.

• Financial visibility supported by new shareholder advances and available cash.