Ecoslops (ALESA) H1 2026 TU earnings summary

Executive summary

• Revenue increased by 21% year-over-year to €7.3m for H1 2026, driven by higher refined product prices despite lower volumes.

• EBITDA turned positive at €326k, up €400k from H1 2025, reflecting improved operational efficiency.

• Net loss narrowed to €578k, an improvement of €413k compared to the same period last year.

Financial highlights

• Refined products turnover rose 25%, with a 35% price-driven increase offset by a 10% volume decline.

• Port services revenue grew by 10% year-over-year.

• Gross margin rate declined to 53.3% from 59.2%, mainly due to business mix and higher supply costs.

• Personnel expenses decreased by 6%, contributing to lower overheads.

Outlook and guidance

• The group expects clarity on the renewal of its key Sines sub-concession agreement in Portugal by H2 2026, with the outcome critical for ongoing operations.

• The Scarabox project in Ivory Coast awaits a government investment decision, now expected in 2026, with export financing support extended until January 2027.

• Discussions are ongoing with additional clients for turnkey plant sales.