EnviTec Biogas H1 2026: revenue growth and shift from electricity to biomethane
- Consolidated total output rose to EUR 182.9m and revenues to EUR 169.2m in H1 2026.
- EBITDA was EUR 21.4m and EBT EUR 4.4m; net income EUR 3.1m, EPS EUR 0.21.
- Won EEG auction awards for ~16 MW and plans about EUR 100m of additional investment by 2029 for construction, refurbishment and bio‑LNG conversions.
- Full‑year 2026 guidance confirmed: total output/revenues EUR 330–370m and EBT EUR 5–15m; revenues and EBT expected to rise in 2027.
Financial performance H1 2026
EnviTec reported revenues of EUR 169.2m and consolidated total output of EUR 182.9m for the first half of 2026. EBITDA totalled EUR 21.4m, EBT was EUR 4.4m, consolidated net income EUR 3.1m and earnings per share EUR 0.21. The company cites higher costs of placing bio‑LNG on the market and the retroactive abolition of double counting from 1 January 2026 as main drivers of the earnings decline.
Segment results
Own Plant Operation generated revenues of EUR 123.4m, total output EUR 120.0m and EBT EUR 14.4m, with higher production and GHG quota sales offset by regulatory and market costs. Service revenues were EUR 23.8m with an EBT of EUR -3.3m, mainly due to consolidation effects. Plant Construction total output doubled to EUR 36.5m, revenues rose to EUR 22.0m and EBT improved to EUR -6.8m; order backlog was EUR 143.1m at 30 June 2026, EUR 112.1m of which relates to international projects.
EEG auction, investments and strategy
EnviTec secured EEG auction awards for about 16 MW of electrical capacity in June 2026, securing parts of its electricity portfolio for another 12 years. The company plans roughly EUR 100m of additional investment by 2029 for construction, refurbishment and conversion of plants to bio‑LNG and is accelerating the transition from electricity to biomethane. Management flagged the need for swift, binding rules for the green gas quota and reliable grid‑connection conditions and noted an initial additional biomethane demand of approximately 2.4 TWh.
Outlook and balance sheet
The Executive Board confirms 2026 guidance of total output/revenues between EUR 330m and EUR 370m and EBT between EUR 5m and EUR 15m, and expects rising revenues and EBT in 2027. Equity ratio was 45.2% and cash and cash equivalents EUR 26.8m at 30 June 2026.
Source: EnviTec Biogas