Verbio (VBK) Q1 2027 earnings summary

Executive summary

• Q1 FY 2026/27 revenue was €533.6m and EBITDA €76.1m; EBIT reached €59.0m and net income €36.0m, versus a €4.0m loss a year earlier.

• Higher biofuel prices, stronger biodiesel volumes and margins, and greater GHG quota contributions supported results.

Financial highlights

• Revenue rose 21.8% to €533.6m from €438.2m YoY; EBITDA increased to €76.1m from €15.4m, with an EBITDA margin of 14.3% versus 3.5%.

• EBIT was €59.0m versus €0.1m; net income was €36.0m versus a €4.0m loss; EPS was €0.56 versus -€0.06.

• Operating cash flow was €34.1m versus an outflow of €17.3m; free cash flow was €13.5m versus an outflow of €37.8m.

• Q1 EBITDA of €76.1m exceeded Q4’s €69.1m after excluding the prior quarter’s €19.1m positive biomethane valuation effect.

Outlook and guidance

• FY 2026/27 EBITDA is expected at the upper end of the €210m–€250m forecast range, reflecting the strong start and better-than-expected market conditions, especially biodiesel spreads.

• Improved earnings and lower capital expenditure are expected to drive a further significant YoY reduction in net financial debt; the forecast retains expected business seasonality.