Hoffmann Green Cement Technologies (ALHGR) H2 2025 earnings summary

Executive summary

• Achieved 2025 revenue of €16.8 million, up 27% year-over-year, driven by over 50,000 tons of 0% clinker cement sold.

• Extended U.S. licensing agreement to cover the entire territory, supporting international expansion.

• Order backlog increased 28% to 460,000 tons, reflecting strong demand and new partnerships.

• Significant industrial ramp-up, with Q1 2026 volumes already matching full-year 2024.

Financial highlights

• Revenue rose to €16.8 million in 2025 from €13.2 million in 2024, a 27.3% increase.

• EBITDA was -€9.0 million, down from -€0.7 million in 2024, reflecting scaling efforts.

• Net loss widened to -€14.8 million from -€5.0 million year-over-year.

• Cash and cash equivalents stood at €6.3 million at year-end 2025.

• Shareholders' equity was €55.7 million as of December 31, 2025.

Outlook and guidance

• Targeting production of 100,000 tons of 0% clinker cement in 2026.

• Aims for operational break-even by end of 2027, contingent on volume growth.

• Strategic roadmap includes building a third plant (H3) by 2027-2028 and reaching 1 million tons annual capacity by 2030.

• Revenue goal of €150 million and five new international licensing agreements by 2030.