Record Production Volumes
Ethanol and renewable natural gas (Biomethane) reported record production volumes, driven by efficiency gains in Europe and further de-bottlenecking in the U.S. plants.
Improved EBITDA in Q3
Q3 EBITDA improved year-over-year to €8.2 million from €7.3 million, thanks to developments in the biodiesel segment and trading activities.
Strategic Investment Reductions
Capital expenditure was significantly reduced from over €250 million at their peak to less than €100 million by 2025-2026, focusing on improving operating cash flow.
Positive Outlook for the U.S. Market
The Nevada RNG ethanol plant reached new peak production levels, with plans for continuous production by summer 2025. The U.S. biofuel market shows potential for better margins.