La Française de l'Energie S.A. (FDE) Q1 2025 TU earnings summary

Executive summary

• Recorded Q1 2025 revenues of €7.1 million, with €5 million from equity method for Drin Energija, reflecting strong growth and project deployment.

• Electricity production generated €3.6 million in revenue, supported by proactive price management at around €110/MWh.

• Gas production resumed after infrastructure constraints, with legal proceedings ongoing for compensation.

• Acquisition of Greenstat contributed over €1.0 million in revenues this quarter.

Financial highlights

• Solar production at Petjnik site generated €2.1 million in Q1 revenues under full consolidation.

• New cogeneration plants in France and Belgium and a 5.8 MWp photovoltaic plant in Norway are being deployed.

Outlook and guidance

• 2030 targets reiterated: annual sales over €175 million, EBITDA above €85 million, and over 20 million tons of CO2 eq emissions avoided per year.

• New RNG unit in Stavanger aims for 100 GWh/year by end of 2025, with additional projects in Norway underway.

• Greenstat's renewable hydrogen project in Agder to commission 20 MW phase by H2 2026, supported by a 148 MNOK grant, with a second 40 MW unit planned for 2027.