H1 2026 Trading Update

European Green Transition PLC

29 July 2026

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

European Green Transition PLC

("EGT", the "Company" or "Group")

H1 2026 Trading Update

29 July 2026 - European Green Transition plc (AIM: EGT), a company operating in the critical infrastructure sector, is pleased to provide an unaudited trading update on its Wind Energy Services business and Group performance for the six months ended 30 June 2026 ("H1 2026" or "the Period").

Highlights

·    The Group delivered statutory revenue of c.£6.8 million in the four months since completion of the acquisition of the Wind Energy Services business on 25 February 2026 ("Completion")

·    Across the Period, the Wind Energy Services business saw strong trading and generated revenue of c.£8.5 million through continued growth across operations, maintenance, repair, monitoring and repowering services

·    Integration of the acquired business is progressing well, with strong trading in the four months since completion on 25 February 2026 reflecting the confidence and optimism of the customer base

·    Repowering orderbook expanded to 65 signed Heads of Terms with 8 repowering projects completed as at 30 June 2026

·    The Board expects the Wind Energy Services business to generate revenue in the range of £17 million to £18 million for the 12-month period ending 31 December 2026 (noting revenue attributable to EGT will represent the 10-month period since Completion), supported by a growing orderbook and positive trading momentum

·    The Directors believe EGT remains on track to deliver its medium-term target of £50 million Group revenue and double-digit EBITDA margins

The Wind Energy Services business, comprising Earthmill Maintenance, Silverford Engineering, Wind Energy Partnership (WEP) and Anemos Analytics, delivered consistent growth across its operating, maintenance, repair and remote monitoring services supported by the continued momentum and strong operational delivery of its growing repowering orderbook over the Period. The integration of the Wind Energy Services business has progressed well across the Period and the Board expects this to continue in H2 2026.

H1 2026 Revenue

The Wind Energy Services business generated revenue of c.£8.5 million for the six months ended 30 June 2026. This reflects the robust underlying trading performance of the Wind Energy Services business across the Period.

The acquisition of the Wind Energy Services business from the liquidator of Arena Capital Partners completed on 25 February 2026 ("Completion") and trading in the acquired business has been notably strong in the four months since Completion. The Group delivered statutory revenue of c.£6.8 million for H1 2026, and the Board is encouraged by this early performance, which it believes bodes well for the future trading of the Group. The Group remains debt free and as at 30 June 2026, the Group had a cash balance of c.£5.8 million.

H1 2026 Operational Highlights

As previously announced in the Company's Q2 2026 operational update on 13 July 2026, the Wind Energy Services business grew its repowering orderbook to 65 signed Heads of Terms, with 30 planning approvals granted, 20 project commencements and deposits received, and 8 repowers completed as at 30 June 2026. The business continues to engage with c.280 qualified prospects across its c.900 turbine client base, representing a potential repowering revenue opportunity of £126 million. Anemos Analytics, in which EGT increased its stake to 79% in May 2026, saw growing engagement over the period and is now contracted with 133 turbines across the UK.

Outlook

Given the strong trading performance in H1 2026, continued growth in the repowering orderbook and supportive market conditions, the Board expects the Wind Energy Services business to generate revenue in the range of £17 million to £18 million for the 12-month period ending 31 December 2026 (noting revenue attributable to EGT will represent the 10-month period since Completion).

The repowering market continues to present a substantial growth opportunity for EGT, as wind turbine owners look to increase generation, operational performance and asset longevity by upgrading ageing turbines with more efficient technology. Recent UK Government reforms to onshore wind policy, which removed planning barriers in England, continue to drive higher market activity and investment. The Wind Energy Services business remains a clear beneficiary of this favourable backdrop, with growing customer engagement, an expanding pipeline, rising contract awards and higher project delivery.

Demand also continues to be underpinned by energy-intensive industrial users seeking greater energy security and supply resilience amid ongoing geopolitical uncertainty and volatile global energy markets. With a supportive policy backdrop, a healthy and growing pipeline and rising market activity, the Board looks forward to building on this momentum through H2 2026 and beyond.

Cathal Friel, Executive Chairman of EGT, said: "H1 2026 has been a transformational period for EGT, marked by our acquisition of the Wind Energy Services business. The strong trading performance delivered since completion reinforces our confidence in the strategic rationale for the acquisition and in the team's ability to deliver on its growing orderbook and capture a greater share of the potential £126 million repowering revenue opportunity across its existing client base of c.900 turbines.

With a supportive UK policy backdrop, an expanding pipeline, increasing market activity and disciplined integration progress, the Board is confident in the Group's revenue trajectory. We look forward to building on this momentum through H2 2026 and beyond as we progress on track towards our medium-term target of £50 million of Group revenue and double-digit EBITDA margins."

Enquiries

European Green Transition plc Cathal Friel, Executive Chair Jack Kelly, CFO	[phone]
Panmure Liberum - Nominated Adviser & Joint Broker James Sinclair-Ford / Gaya Bhatt Mark Murphy / Rauf Munir	+ 44 (0) 20 7886 2500
OAK Securities - Joint Broker Jerry Keen / Calvin Man	[phone] [phone]
Camarco - Financial PR Billy Clegg / Tilly Butcher / Poppy Hawkins	+ 44 (0) 20 3757 4980 [e-mail]

 

Notes to Editors

European Green Transition plc (AIM: EGT) is a company focused on acquiring, integrating and optimising revenue-generating and profitable services businesses in the critical infrastructure sector across the UK and Ireland.

In 2026, EGT delivered a significant milestone in this strategy by acquiring an EBITDA profitable operation, maintenance, repairs, and remote monitoring platform business which serves over 900 onshore wind turbines across the UK & Ireland. This platform includes Earthmill, Wind Energy Partnership, Silverford Engineering, and Anemos Analytics.

The Company's strategy is to deliver sustained organic growth by expanding its service offering, driving operational efficiencies to support margin improvement, and generating strong free cash flow to fund reinvestment and a progressive dividend strategy. EGT is pursuing a disciplined capital allocation policy, including targeting selective bolt-on acquisitions across the critical infrastructure space in the UK, Ireland, and Europe, such as water, energy, roads, and data centres. The Company is also seeking to sell or partner its existing portfolio of non-core mining projects, including the Olserum Rare Earth Element (REE) Project.

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