La Française de l'Energie S.A. (FDE) Q2 2026 TU earnings summary

Executive summary

• H1 2026 revenues increased by 15.4% year-over-year to €14.1m, driven by higher gas production and the consolidation of Norwegian operations.

• Four new power generation units in Hauts-de-France are set to start, following a key agreement with the French government.

• Ongoing investments in Norway and France support expansion in green electricity, RNG, and hydrogen production.

Financial highlights

• H1 2026 revenue: €14.1m, up from €12.2m in H1 2025 (+15.4%).

• Gas business revenue rose 36.6% to €4.3m, with 110 GWh produced.

• Electricity revenue reached €5.6m, impacted by normalized market prices and maintenance.

• Norwegian subsidiaries contributed €4.1m in revenue.

Outlook and guidance

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

• New units with 15-year power purchase agreements at €80/MWh provide strong future cash flow visibility.

• Strong growth cycle expected from fiscal year 2026/2027 as new projects come online.