EO2 announces lower annual results for 2024-2025

The EO2 Group, a major player in the wood energy sector, has unveiled its annual results for the 2024-2025 financial year. Revenue decreased by 11.5% to €30.2 million, impacted by an unfavorable economic situation in the wood pelletization business. The sector generated €24.4 million, marking a 21.6% decrease compared to the previous financial year.

The Group recorded a gross operating surplus of €0.7 million, significantly reduced from €5 million the previous year, with net profit attributable to equity holders of the parent approaching breakeven at €0.1 million. Despite the challenges, EO2 maintains financial strength with gross cash of €3.8 million.

Looking ahead, the Group is displaying a cautious outlook, anticipating uncertain demand and continuing efforts to improve productivity.