Enapter

Enapter reports preliminary, unaudited figures for H1 2026: revenue nearly doubled to around EUR 10.8m, preliminary EBITDA about EUR -4.5m and preliminary EBIT about EUR -28.5m. The sharp EBIT decline stems from a non-cash impairment of roughly EUR 19.8m on the Enapter Campus Saerbeck; adjusted EBIT would be about EUR -8.7m. In addition, Enapter records a write-down of around EUR 17m on a receivable from Clean H2, terminates the US exclusivity contract and plans a new distribution agreement; the outlook for 2026 remains suspended. The half-year financial report will be published on 30 September 2026. » Altro su finanzen.net

Enapter has reached an agreement with Patrimonium under which Patrimonium will take over the Enapter Campus and in return waive substantial parts of its claims, thereby canceling bond liabilities of around EUR 26m. The realignment envisages an asset-light business model with partner-based series production; chemical electrode manufacturing will remain in Pisa. Major shareholders are providing EUR 3m on a short-term basis, and a strategic investor plans a subscription of EUR 10–12m in H2/2026. The company raises its forecast for 2026 and, through these measures, reduces ongoing interest costs by about EUR 300,000 per month. » Altro su de.investing.com

Enapter reports preliminary revenue for 2025 of around €22.1 million, within the target range of €20–22 million. The preliminary unaudited EBITDA was about -€18.1 million, substantially worse than the guidance of -€9 to -€10 million, driven by roughly €3 million in receivables write-offs and about €4.5 million in costs related to the return of delivered stacks. Adjusted for these effects, EBITDA would have been around -€10.6 million (previous year: -€6.9 million). Order backlog as of 31 Dec 2025 amounted to approximately €36 million, of which around €29 million are expected to be realized in fiscal year 2026 under current estimates. » Altro su finanzen.net