Orège: Revenue up 190% in first half of 2026, net loss reduced by 22%
Orège's transition from selling equipment to providing mobile sludge treatment services is now reflected in its accounts.
In the first half of 2026, revenue reached 2,366 k€, an increase of 190% year-on-year, while net loss was reduced to 6,009 k€. At the same time, the group's financial debt increased to support the expansion of its fleet.
Revenue driven 100% by unit rental service provisions
First half 2026 revenue stands at 2,366 k€, compared to 817 k€ in the first half of 2025, representing growth of 190%.
It now consists entirely of unit rental service provisions, compared to 88% a year earlier, the previous year including equipment sales conducted in the United Kingdom. This shift reflects the mobile services model launched in 2025: according to the group, services represented more than 70% of revenue in 2025, compared to just over 20% a year previously, and the entirety today.
Between 2024 and 2025, the investment plan increased the fleet by 3.5 times, with 16 M€ invested, an effort made possible by the capital contribution in current accounts provided by Eren Industries.
Net loss reduced to 6,009 k€ despite negative operating result
The operating result stands at -4,540 k€ in the first half of 2026, compared to -4,367 k€ a year earlier, representing a change of 4%.
The increase in revenue is accompanied by an unfavorable change in other ordinary operating income, moving from 2,228 k€ to -571 k€. This change primarily reflects the evolution of inventory production, which shifted from a positive contribution of 2,150 k€ to a negative impact of 1,550 k€, due to destocking related to deliveries in the period, partially offset by 848 k€ of capitalized production. Personnel costs decreased by 12%, to -2,490 k€, mainly due to exceptional compensation paid in 2025.
The financial result improved to -1,470 k€, compared to -3,358 k€, essentially due to a latent foreign exchange gain on receivables in dollars and sterling. The consolidated net result stands at -6,009 k€, compared to -7,725 k€, representing a 22% reduction in the loss.
Debt increase to finance fleet expansion
As of June 30, 2026, the group's cash position amounts to 1,845 k€, compared to 2,475 k€ a year earlier.
Financial debt reached 88,295 k€ as of June 30, 2026, compared to 67,724 k€ as of June 30, 2025. Advances in shareholder current accounts from Eren and associated accrued interest represent 79,848 k€ as of June 30, 2026.
The group indicates that it is concentrating its resources on the United States and the United Kingdom, its two priority markets, with the food and beverage sector constituting its driving segment. Orège states that secured service revenue for 2026 exceeds 2025 revenue, and highlights a nine-year service contract signed with an American dairy manufacturer.
