New Sources Energy (NSE) H1 2025 earnings summary

Executive summary

• No revenue was realized in the first half of 2025, with continued focus on organizational restructuring and readiness for new investments.

• Operating expenses totaled €441 thousand, mainly director and management fees, resulting in a comprehensive loss of €441 thousand for the period.

• Removal from the Euronext Amsterdam penalty bench was achieved on 2 June 2025, and all AGM agenda items, including strategic ambitions, were approved.

• The company is positioned to pursue energy transition asset acquisitions, prioritizing cash flow and long-term value growth.

Financial highlights

• Total assets decreased to €176 thousand as of 30 June 2025 from €509 thousand at year-end 2024.

• Operating loss for the first half of 2025 was €441 thousand, compared to a €904 thousand loss for the full year 2024.

• Cash and cash equivalents declined to €15 thousand at 30 June 2025 from €501 thousand at 31 December 2024.

• No revenue was generated in the reporting period.

Outlook and guidance

• The company is ready to engage with a pipeline of eligible investment opportunities in the energy transition sector.

• Focus remains on acquiring assets with positive climate impact, cash flow, and long-term value growth potential.