EnergyVision: 57% Growth in H1 and Raised EBITDA Target
EnergyVision published its first-half results on September 3, 2026, marked by activity progression concentrated on its domestic market. The group indicates that its growth is based on its recurring segments and on the growth and diversification of its production portfolio, and raises its underlying EBITDA growth target for 2026 on this occasion.
Revenue at €98.1M, Underlying EBITDA Up 45.2%
First-half 2026 revenue reached €98.1M, up 57.0%, representing an increase of €35.6M compared to the first half of 2025. Underlying EBITDA increased by 45.2% to €22.8M, compared to €15.7M one year earlier. Net income rose by 53.3% to €6.9M, compared to €4.5M in the first half of 2025. According to the group, growth comes almost entirely from the domestic market, where all segments are progressing, with the exception of EPC (Engineering, Procurement, Construction) activities.
Organic Growth, Unchanged Rates and DATS 24 Portfolio Acquisition
EnergyVision attributes its progress to an influx of new customers and an almost zero termination rate among existing customers. According to Maarten Michielssens, the group's CEO, most energy suppliers would have lost market share and margins following the Iranian crisis, whereas the local nature of EnergyVision's production assets would make them insensitive to market price fluctuations stemming from geopolitical shocks. The executive indicates that this growth is related neither to price increases nor to a temporary effect of the Iranian crisis, as the company has not raised its rates. He specifies that growth was entirely organic and achieved, as heretofore, with virtually zero marketing investment. The group indicates that all customer contracts are hedged: fixed-price gas contracts are hedged on the market, while more than 75% of electricity comes from its own production assets and a limited share of wind turbine leasing. During the summer, EnergyVision acquired the customer portfolio of DATS 24, its first acquisition in energy supply.
2026 Underlying EBITDA Target Raised to +35%, At Least 40% Growth Targeted for 2027
EnergyVision raised its underlying EBITDA growth target for 2026, from +30% to +35%. The group anticipates underlying EBITDA growth of at least 40% in 2027, indicating that more than 90% of this 2027 EBITDA is already secured on the basis of current contracts, volumes and production assets. The group specifies that new contracts contribute mainly to EBITDA in the following year, and that a significant portion of energy requirements for 2027 is already covered by its own and contracted production.
