Entech (ALESE) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 rose 9% year-over-year to €27.5M, driven by dynamic order intake exceeding €100M.

• EBITDA remained positive at €0.3M, confirming the profitability trajectory started in 2024.

• Net result improved to a near break-even loss of €0.08M, compared to a €0.8M loss in the prior year period.

Financial highlights

• Gross margin increased to €9.1M (33.1% of revenue) from €8.2M (32.6%) year-over-year.

• Operating expenses were well controlled, with external charges at 8.4% and personnel costs at 22.5% of revenue.

• Cash position rose to €25.4M, up €12.5M from year-end 2024.

Outlook and guidance

• 2025 revenue target of €80M and positive EBITDA reaffirmed.

• Backlog at June 30, 2025, exceeded €100M, supporting accelerated growth in H2 2025.

• 2029 roadmap targets over €300M revenue and 20–25% EBITDA margin, with more than 350 MW of owned or under-construction assets.