Investor relationsInvestor relations newsAlfen reports q3 2026 results in line with expectations year to date revenue up 14
4-11-2026
Alfen reports Q3 2026 results in line with expectations, year-to-date revenue up 14%
Przez Alfen
Czas czytania: 1 minuta
Highlights:
- Q3 2026 revenue was €99.1m, compared with €104.1m in Q3 2025. Year to date revenue increased by 14.3% to €360.6m, up from €315.6m in the first nine months of 2025.
- Gross margin was €30.5m (30.8% of revenue), compared with €29.9m (28.7% of revenue) in Q3 2025. The higher margin percentage was mainly driven by the release of project contingencies on completion of energy storage projects.
- Transformation on track, with a planned temporary increase in personnel expenses.
- Adjusted EBITDA was €4.0m (4.0% of revenue), compared with €6.9m (6.7% of revenue) in Q3 2025.
- Delivered the three largest operational energy storage systems in the Netherlands, with the completion of the Return Antares (100 MW/200 MWh) and NOP Agrowind (49 MW/196 MWh) projects in the third quarter, and the delivery of FlevoBESS (31.6 MW/126.4 MWh) in late 2025.
- Credit facility agreement renewed by three years, until October 2029, at same terms, with two-one-year extension options.
- Alfen reiterates its 2026 guidance. Revenue is expected to be in the upper half of the €435m–€475m guidance range, and adjusted EBITDA margin is expected to be in the lower half of the 4–7% guidance range. CAPEX is expected to remain below 4% of revenue.
