La Française de l'Energie S.A. (FDE) Q2 2025 TU earnings summary

Executive summary

• H1 2025 revenues reached €15.5 million, with a 45% increase in Q2 2025 revenues compared to Q1 2025.

• Growth driven by deployment of new green electricity units and resumption of gas injection.

• Ongoing expansion in Norway and Bosnia, with new RNG and hydrogen projects underway.

Financial highlights

• H1 2025 revenues: €15.5 million (fully consolidated), €12.2 million (equity method for Drin Energija).

• Q2 2025 revenues grew 45% sequentially from Q1 2025.

• Solar production at Petjnik site generated €3.3 million in H1 2025.

• Gas production sales totaled €3.1 million in H1 2025.

• Greenstat Norway contributed €1.8 million in H1 2025 revenues.

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 and hydrogen projects in Norway expected to drive future growth.