COGRA: Significant financial improvement in the first half of 2025/26

Cogra, a specialist in wood energy, announced first-half revenue of €22.6 million for fiscal year 2025/26, marking a 21% increase compared to the previous year. EBITDA rose to €2.6 million, representing a margin of 11.5%. Net income reached €1.1 million, a net margin of 4.8%, reflecting a return to stability after the energy crisis. Pellet sales climbed 20%, while sales of stoves and boilers increased by 13%. Rigorous cost management and improved financial performance also contributed to these results.

Furthermore, Cogra's financial structure has strengthened, with a 35% decrease in inventory and a 25% reduction in debt. Cash flow has increased significantly, reaching €4.5 million. The appointment of François Chapon as CEO further solidifies the foundations for robust future growth. With a normalization of the market, Cogra is poised for a promising future thanks to the optimized use of its industrial capacity.