EnviTec Biogas AG

EnviTec Biogas AG reported first-half 2026 results in line with its plans, with revenues rising to EUR 169.2 million from EUR 148.4 million a year earlier while earnings fell as expected. Consolidated total output reached EUR 182.9 million, up from EUR 164.9 million, but EBITDA slipped to EUR 21.4 million from EUR 26.3 million, earnings before taxes fell to EUR 4.4 million from EUR 10.2 million, and consolidated net income dropped to EUR 3.1 million from EUR 8.1 million, with earnings per share of EUR 0.21 versus EUR 0.55. The decline was mainly due to higher costs of placing bio-LNG on the market and the retroactive abolition of double counting for advanced biofuels from 1 January 2026, and a substantial proportion of ongoing Plant Construction projects had not yet been finally invoiced as at 30 June 2026. In Own Plant Operation, the group's largest segment, revenues rose to EUR 123.4 million from EUR 107.1 million while segment EBT fell to EUR 14.4 million from EUR 20.6 million; the Service segment posted revenues of EUR 23.8 million and EBT of EUR -3.3 million, and Plant Construction total output doubled to EUR 36.5 million with EBT improving to EUR -6.8 million and an order backlog of EUR 143.1 million, of which EUR 112.1 million relates to international projects, particularly in Sweden and Spain. EnviTec secured awards for plants with around 16 MW of electrical capacity in the Federal Network Agency's biomass auction in June 2026 and plans additional investments of around EUR 100 million by 2029 for construction, refurbishment and conversion of further plants to bio-LNG. The company confirmed its full-year 2026 forecast of total output or revenues between EUR 330 million and EUR 370 million and EBT between EUR 5 million and EUR 15 million, and continues to expect rising revenues and earnings in 2027.