La Française de l'Energie S.A. (FDE) Q1 2026 TU earnings summary

Executive summary

• First quarter FY 2026 revenues rose 32.4% year-over-year to €6.6 million, driven by higher gas production and the consolidation of Alltec.

• Gas and electricity segments both contributed to growth, with gas activity at full capacity and electricity benefiting from normalized market prices and maintenance.

• 2030 objectives reaffirmed, targeting annual revenue over €175 million, EBITDA above €85 million, and more than 20 million tons of CO2 equivalent emissions avoided per year.

Financial highlights

• Q1 2026 revenue reached €6.6 million, up from €5.0 million in Q1 2025; €8.2 million when including equity method for Drin Energija.

• Gas activity generated €1.8 million, supported by NaTran network availability and operational decisions at Avion.

• Electricity business contributed €2.5 million, aided by market normalization and scheduled maintenance.

• Alltec consolidation added €2.0 million in revenue for the quarter.

Outlook and guidance

• 2030 targets confirmed: annual revenue >€175 million, EBITDA >€85 million, and >20 million tons CO2 eq emissions avoided per year.

• FY 2026 investment plan of approximately €95 million, partially subsidized due to positive CO2 impact.

• Several new projects under construction, with phased commissioning expected through FY 2027.