EnergyVision (ENRGY) Q2 2025 earnings summary

Executive summary

• Achieved record H1 2025 results as a listed company, with revenue up 47% year-over-year to €62.5 million, driven by recurring business and all operating segments.

• Net profit rose to €4.5 million from €1.4 million in H1 2024, reflecting improved operating leverage and higher segment profitability.

• EBITDA increased by 45%, reaching €15.2 million, with adjusted EBITDA (REBITDA) at €15.7 million.

• Successful IPO on Euronext Brussels in July 2025 raised €43.3 million gross, significantly reducing net debt and supporting future growth.

• Awarded a major concession to deploy at least 5,000 EV charging points at Belgian railway stations, expanding the e-mobility footprint.

Financial highlights

• Revenue reached €62.5 million, up from €42.6 million in H1 2024.

• Operating profit more than doubled to €7.6 million from €3.5 million year-over-year.

• Gross margin improved to €28.5 million (30% increase), with a 24% EBITDA margin.

• Earnings per share (basic and diluted) increased to €0.08, adjusted for a 1-for-400 stock split.

• Cash and cash equivalents at period end were €8.2 million, down from €14.8 million in H1 2024, reflecting significant investments.

Outlook and guidance

• Management maintains mid-term objectives as stated in the prospectus and confirms the group is on track to deliver on these targets.

• Strong equity position, recurring revenues, and sufficient access to financing, with no going concern risks identified.

• Seasonality impacts expected, with ramp-up in activity anticipated in subsequent quarters as weather improves.