SFC Energy (F3C) investor relations material

Executive summary

• Achieved record half-year sales and profitability, with H1 2026 sales up 11.9% year-over-year to €82.4 million, driven by Clean Energy segment growth and a major €42.7 million Ukraine defense order.

• Adjusted EBITDA more than doubled to €18.4 million, with margin rising to 22.4%; adjusted EBIT tripled to €14.0 million.

• Expanded technology portfolio through acquisition of Siqens assets, bridging methanol and hydrogen fuel cell solutions.

• International expansion continues, with growth in Asia-Pacific, North America, and renewed momentum in India.

• Focused on resilient, decentralized energy solutions for defense, public security, and critical infrastructure.

Financial highlights

• H1 2026 sales: €82.4 million (+11.9% YoY); Q2 sales: €48.2 million (+37.9% YoY).

• Gross profit: €38.8 million (+23.9% YoY); gross margin: 47.1% (up from 42.5%).

• Adjusted EBITDA: €18.4 million (+116.4% YoY); adjusted EBIT: €14.0 million (+202.2% YoY).

• Net income: €7.3 million (vs. €0.26 million prior year); EPS (basic): €0.42 (vs. €0.02).

• Order intake: €108.7 million (up from €43.7 million); order backlog: €104.9 million.

• Cash and cash equivalents: €44.0 million; net financial position: €41.2 million.

Outlook and guidance

• 2026 sales forecast narrowed to €166–175 million; adjusted EBITDA guidance raised to €31.5–34.0 million; adjusted EBIT to €21.5–25.5 million.

• Growth driven by strong order backlog, especially in defense and public security.

• Most of the Ukraine order to be delivered by end of Q3, with some residual revenue in Q4.

• Conservative approach to guidance reflects potential supply chain constraints and extraordinary expenses.

• Confident in meeting guidance, with strong order activity expected in Asia and ongoing diversification in the U.S.