Envitec Biogas Figures 2025: Envitec Cancels Dividend – Revenue and Net Profit Decline – Total Output Increases – Outlook Subdued

Lohne/Saerbeck (Germany) – Envitec Biogas AG recorded a mixed performance in fiscal year 2025. While total output of the biogas plant manufacturer rose by 6.8% to €376.4 million (€352.5 million), consolidated revenue declined by 7.4% to €312.6 million (€337.7 million). Earnings before tax (EBT) fell significantly to €26.0 million (€44.0 million), while consolidated net profit amounted to €16.7 million (€29.8 million). Earnings per share declined to €1.12 (€2.01).

According to Envitec, earnings were mainly impacted by regulatory effects in the bio-LNG business as well as weaker contributions from individual segments. In addition, a one-off, non-cash provision for onerous contracts of around €8 million weighed on results. According to the company, this was triggered by the German government’s decision to abolish double counting of greenhouse gas (GHG) quotas, which reduces the profitability of parts of existing sales contracts in the bio-LNG business.

In the self-operated plant segment, the group’s largest business area, total output increased significantly by 27.5% to €255.6 million (€200.5 million). Revenue rose by 15.4% to €221.2 million (€191.6 million). Segment EBT was broadly stable at €41.7 million (€41.9 million). In the plant construction segment, revenue declined to €45.5 million (€95.6 million), while segment EBT turned negative at -€11.5 million (€9.5 million). The service segment also declined.

The management board and supervisory board propose no dividend payment for 2025. CFO Jörg Fischer stated: “Despite a challenging market environment and regulatory burdens, fiscal year 2025 was solid for EnviTec and demonstrated that our strategic investments in recent years have permanently broadened the earnings base of our business model.” CEO Olaf von Lehmden also pointed to structural risks: “The abolition of double counting, agreed in May 2026 with retroactive effect from 1 January 2026, hits us directly and undermines the investments we made in expanding our bio-LNG value chain in recent years, in the expectation that the European regulatory crediting mechanisms would apply. Moreover, the shorter capping period for grid connection of new plants envisaged in the draft EnWG legislation fails to meet the needs of reliable investment planning.”

For 2026, the group expects total output of €330–370 million and EBT of €5 to 15 million. The company expects revenues and earnings to rise again only from 2027 onwards. The order backlog in plant construction increased to €148.1 million (€129.0 million), indicating a more stable project pipeline.

Source: IWR Online, 19 May 2026