La Française de l'Energie S.A. (FDE) H1 2026 earnings summary

Executive summary

• Revenue grew 16.5% year-over-year in H1 2026, driven by normalization of gas injection and the Alltec acquisition.

• Significant investments were made to prepare for new low-carbon energy production sites, with a focus on France and Norway.

• The abandoned mine methane agreement with the French government enables access to 18 new sites, supporting future growth.

• Construction began on RNG and green hydrogen units in Norway, and a CO2 capture pilot in France.

Financial highlights

• H1 2026 revenue: €14.2 million, up 16.5% year-over-year.

• EBITDA: €6.0 million (42% margin), down from €6.5 million (53% margin) in H1 2025 due to lower energy prices and higher costs.

• Net income attributable to the group: €0.8 million, down from €1.8 million in H1 2025.

• Investments in H1 2026 totaled €28 million, up from €10 million in H1 2025.

Outlook and guidance

• 2030 targets confirmed: revenue > €175 million, EBITDA > €85 million, over 20 million metric tons of CO2 avoided annually.

• By 2028, new assets expected to add over €60 million in revenue and €30 million in annualized EBITDA.

• Next financial update scheduled for Q3 2026 revenue in April 2026.