Ecoslops (ALESA) Trading Update summary

Financial performance

• 2024 consolidated turnover reached €11.5 million, an 11% increase from 2023, following the disposal of Ecoslops Provence.

• Ecoslops Portugal's refined products sales rose 10% to €8.8 million, and port services grew 15% to €2.7 million.

• Growth in refined products was driven by a 13% increase in volume, partially offset by a 3% decline in prices due to lower Brent crude prices.

• 21,448 tonnes of refined products were produced and 19,981 tonnes sold in 2024, both up from the previous year.

• Net debt decreased to €12.1 million at year-end 2024 from €18.2 million in 2023; cash and equivalents stood at €6.6 million.

Operational highlights

• Ecoslops Portugal surpassed 200,000 tonnes of petroleum waste recycled since 2015.

• Products benefit from the ISCC Plus label, reflecting resource conservation and reduced carbon footprint.

• Production is expected to reach 24,500 tonnes in 2025.

• The group is in the final phase of debt restructuring discussions, with an announcement expected soon.

Strategic and sustainability initiatives

• Ecoslops leverages innovative micro-refining technology to convert petroleum residues into second-generation commercial products.

• The company provides environmentally friendly solutions for port infrastructure, residue collectors, and shipowners.