EnergyVision revenue rises 52.2% to 142.0 million euros over nine months
Key Facts
EnergyVision reported a 52.2% increase in revenue for the first nine months of 2026 to 142.0 million euros, according to its third-quarter business update, as revenue from energy supply, generation and the operation of electric vehicle charging infrastructure expanded. Revenue in the corresponding period a year earlier was 93.3 million euros, according to the financial statement from the energy and mobility company, which is listed on Euronext Brussels under the ticker ENRGY. The nine-month total followed revenue of 98.1 million euros in the first half of the same year. The company had reported first-half revenue growth of 57.0% year on year. Revenue growth over the nine months was therefore slower than the pace reported with the first-half results.
The non-asset-based energy supply business led reported business revenue, generating 96.1 million euros during the reporting period, compared with 43.9 million euros in the corresponding period, according to EnergyVision's statement. Revenue from energy generation using owned assets rose to 26.0 million euros from 19.4 million euros, adding growth in generation to the expansion in supply. By contrast, development, engineering, procurement and construction revenue fell to 26.2 million euros from 32.3 million euros in the corresponding period. The company's Moroccan operations generated revenue of 5.7 million euros, compared with 5.5 million euros. The increase in total revenue thus reflected divergent business performance, with supply and generation growing while development and construction declined.
In asset-based mobility, revenue from operating electric vehicle charging infrastructure rose to 9.0 million euros during the reporting period from 5.2 million euros in the corresponding period, according to the financial statement. The company had 4,900 operational charging points at the end of September, according to the business update. EnergyVision also reported an 80.4% year-on-year increase in the number of customer connection points at the end of the reporting period. Charging revenue grew as the market price of environmental credits associated with the business fell by about 55% since the start of the year, according to the company. The business thus recorded higher revenue than in the corresponding period while prices for environmental credits linked to charging declined.
Against the backdrop of its expanding energy supply business, EnergyVision had announced a deal to take over DATS' customer portfolio, according to its statement on the transaction. The announced portfolio included about 33,000 connection points in the energy supply business transferred to the company. Those connection points represent about 18,000 customers, according to figures EnergyVision provided when announcing the portfolio transfer. The transfer covered only energy supply, while DATS' fuel and electric vehicle charging operations remained outside the deal. The company said in its announcement of the transaction: "The fuel and electric vehicle charging business remains entirely with DATS," specifying the operations DATS retained alongside the transferred supply portfolio.
On profitability, EnergyVision maintained its forecast for 35% growth in underlying earnings before interest, taxes, depreciation and amortisation in 2026 in its business update, according to the company statement. First-half results had shown those earnings reaching 22.8 million euros during the period. Underlying earnings growth at that time was 45.2% year on year, according to the first-half results announcement, compared with revenue growth of 57.0% over the same period. The 35% growth forecast applies to the full year, while the 45.2% increase relates to first-half performance preceding the nine-month update. In its earlier first-half results announcement, the company had also forecast underlying earnings growth of at least 40% in 2027.
On cash flow, EnergyVision expects to achieve positive free cash flow after investments by 2027 at the latest, according to its published business update. The target is based on an annual investment programme of 70 million euros, according to the company. The target includes achieving positive free cash flow after accounting for investments under the annual programme EnergyVision outlined in its outlook. The company set 25 February 2027 as the date for publishing its full-year headline figures in its financial calendar. The figures are scheduled for release before the market opens, according to the date listed for shareholders in the financial calendar. Publication of the annual report will follow on 31 March 2027, according to the company's schedule for upcoming disclosures.