Entech (ALESE) Transition period summary

Executive summary

• Achieved profitable growth in the 9-month 2024 period, with positive EBITDA and improved net results, aligning with long-term objectives.

• Demonstrated ability to secure and execute large-scale projects, confirming 2025 targets within the 2029 roadmap.

Financial highlights

• Revenue for the 9 months ended 31/12/2024 was €35.2M, compared to €45.5M for the previous 12-month period.

• Gross margin reached €12.7M, representing 36.1% of revenue.

• EBITDA was €0.8M (2.4% of revenue), positive after reaching break-even in H1 2024.

• Net loss improved to €0.6M, compared to a €2.9M loss in the prior year.

• Cash and equivalents increased to €12.8M at 31/12/2024.

Outlook and guidance

• 2025 revenue target confirmed at €80M, with continued profitability improvement.

• 2029 roadmap aims for revenue above €300M and EBITDA margin of 20–25%.