Orege (OREGE) H2 2025 earnings summary

Executive summary

• Revenue for 2025 was €2,998k, nearly stable year-over-year, with a strategic shift toward service-based business.

• Services accounted for over 70% of 2025 revenue, up from just over 20% in 2024, reflecting a successful transition from equipment sales.

• Major investments in fleet and personnel in 2025 aimed to support future growth, especially in the US and UK.

Financial highlights

• Revenue decreased by 1.5% year-over-year to €2,998k in 2025.

• Net operating expenses rose 17% to €11,926k, driven by higher personnel and travel costs.

• Operating loss widened to €8,928k from €7,186k year-over-year.

• Net loss increased to €14,382k, up 69% from €8,517k in 2024, mainly due to unfavorable currency impacts.

• Cash position at year-end 2025 was €3,822k, up from €449k at end-2024.

Outlook and guidance

• Service revenue already secured for 2026 exceeds total 2025 revenue.

• Growth expected from expanded mobile fleet and long-term contracts, especially in the US and UK.

• Biogas and agricultural methanization seen as long-term growth drivers.