Boostheat Reduces Costs and Adjusts Share Nominal Value
Boostheat announces the release of its 2025 results and a reorganization of its management. The company has also adjusted the nominal value of its share, reducing it from €1.00 to €0.20.
Leadership Change and Executive Structure
During the board meeting that finalized the 2025 accounts, it was decided to merge the roles of Chairman and CEO, assigned to Hugo Brugière. Stéphane Ledermann, CEO since January 2025, informed the board of his desire to pursue a new professional venture and requested to be replaced as soon as possible, while remaining available to ensure a transition in the coming weeks. Hugo Brugière praised Stéphane Ledermann's work over the past year, highlighting that 'Boostheat is now in a financially healthier position, with limited operating expenses and significantly reduced debt.'
Asset and Liability Management
Throughout 2025, Boostheat continued to seek opportunities to enhance the value of its patented hybrid thermal compressor, a solution designed to optimize the performance of energy-intensive systems in residential or methanization applications. However, the hesitancy of industrial players due to uncertainties in public policies has not yet allowed for any agreements to be concluded at this stage. Concurrently, the company established a cash reserve in Bitcoin through its wholly-owned subsidiary, Bitcoin Hold France, holding 3.49 Bitcoins valued at approximately €260,300 by the end of 2025. The company permits arbitrage transactions on up to 60% of this position, considering the volatility observed since February 2026. Regarding liabilities, supplier debts decreased by 37% to €812K, and debts towards social organizations were reduced by 46% to €419K. The operating result was −€570K, or less than €50K per month on average. The cash reserve (excluding Bitcoin reserve) stood at €45K at the end of December 2025.
Financing and Reduction of Nominal Value
The financing line established in December 2024 has a residual drawdown capacity of €3.3 million after a drawdown of €125K announced last March 3rd. This capacity, combined with a lean cost structure, is expected to cover the financing needs for the next 12 months and to initiate new activities. The board of directors decided to proceed with a capital reduction by decreasing the nominal value of the share from €1.00 to €0.20. The share capital, divided into 291,727 shares, is reduced from €291,727.00 to €58,345.40.
