Agripower France (ALAGP) H2 2024 earnings summary

Executive summary

• Annual results reflect a transition year with operational restructuring and a drastic review of the order book.

• Non-recurring items from prior years significantly impacted revenue and net results.

• Strategic focus shifted to biomethane injection units and recurring service activities.

Financial highlights

• Economic revenue for 2023-2024 was €4.8M, down from €6.0M year-over-year.

• Net published revenue was €1.4M after project cancellations and margin corrections.

• EBITDA stood at -€4.5M, and net result at -€4.9M, both significantly impacted by non-recurring adjustments.

• Cash available at June 30, 2024, was €5.6M, with net cash of €2.5M.

Outlook and guidance

• Targeting revenue above €10M and a return to profitability by 2025-2026.

• Plans to become a biomethane producer by acquiring and upgrading existing units.

• Pipeline of advanced large-scale biomethane projects represents €20M in potential revenue.