Afyren Doubles Neoxy's Billed Revenues in H1 2026, with Capacity Increased to 20%
Greentech company Afyren generated approximately 1 million euros in revenue during the first six months of 2026, doubling its annual sales from 2025, thanks to the ramp-up of its biochemical plant Neoxy. However, the demonstrated capacity only reached 20% of the initial potential, with the plant still far from its full industrial capacity. The focus is now on the acceleration expected in the second half of the year, following reliability and optimization work initiated in June, to gradually convert the order book of approximately 165 million euros into revenue.
Rapid Revenue Growth but Production Still Partial
Afyren raised its revenue to approximately 1 million euros in the first half of 2026, up from 0.5 million for the whole of 2025. This doubling of the annual pace reflects the increase in production volume of biochemical acids and associated fertilizers at the Neoxy plant, fully acquired in March 2026. The company produced 'several hundred tons of acids' and a 'substantial volume of associated fertilizers' during this period. However, the production figures reveal the true scale of the industrial challenge. The demonstrated capacity reached 20% of the initial theoretical level based on 16 kilotonnes, indicating that the demonstrated capacity now stands at 20% of the initial 16 kilotonnes, while the plant is still far from its full potential.
Massive Order Book Against Gradual Ramp-Up
The commercial signal remains strong: Afyren has an order book worth approximately 165 million euros, with 'a significant portion' pre-sold for biochemical acids and fertilizers. This contractual visibility is one of the company's major assets in a market where growing concerns 'about the availability and pricing of fossil resources' are accelerating the shift towards sustainable solutions. The challenge, however, remains execution. For the second half of 2026, management anticipates a 'significant' increase in production and sales following the optimization and reliability work initiated in June 2026 during the scheduled technical shutdown. The company expects 'thousands of tons' of production for the full year, generating for the first time a visible contribution in its consolidated accounts.
