Arverne Group (ARVEN) H2 2025 earnings summary

Executive summary

• Gross business volume grew 46% year-over-year to €25.2 million in 2025, driven by strong commercial momentum and major project milestones.

• Significant progress in geothermal drilling, heating & cooling, and critical metals (Lithium de France) segments, including first self-operated drilling and major contracts.

• Strengthened mission-driven commitments, with tripled avoided emissions and high employee satisfaction.

• Entry of Bpifrance as a new institutional shareholder, reflecting confidence in growth strategy.

Financial highlights

• Consolidated revenue rose 27% year-over-year to €18.0 million in 2025.

• Capitalised production increased 62.2% to €10.55 million, mainly from Lithium de France drilling.

• Net income was -€23.6 million, down from -€11.1 million in 2024, reflecting increased investment and operating expenses.

• Investments totaled €38.6 million, below the initial €50 million plan, with €28.8 million for Lithium de France drilling.

• Equity stood at €158.8 million and net debt at -€41.0 million as of year-end 2025.

Outlook and guidance

• Anticipates a strong rebound in activity from Q2 2026, following a slowdown due to municipal elections.

• Strategic plan and financial outlook to be detailed at Capital Market Day in March 2026.