25 September 2026, 12:49
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GROSS MARGIN UP 9% AND VOLUMES UP 13% YoY
[1]AdjustedEBITDA AT EURO 14.7 MILLION, UP 4% YoY
REVENUES GROWTH (+8% YoY), DRIVEN BY INCREASED VOLUMES IN THE DIRECT CHANNEL (+32% YoY) AND IN GAS (+88% YoY)
Key consolidated results for the period July 2025–June 2026:
- Gross margin of Euro 21.8 million, up from Euro 20.0 million in FY 24/25;
- Revenues at Euro 341.0 million, up compared to Euro 315.6 million in FY 24/25;
- EBITDA[2] at Euro 10.4 million, up 3% compared to Euro 10.1 million in FY 24/25;
- Net result of Euro 5.2 million, up 4% compared to Euro 5.0 million in FY 24/25;
- Net Financial Position[3] (cash positive) at Euro 10.4 million, compared to a NFP (cash positive) of Euro 10.2 million as of June 30, 2025.
- Proposal to distribute a dividend totalling approximately Euro 1.4 million, corresponding to a payout ratio of about 27%
Lucia Fracassi, Chief Executive Officer of eVISO, commented: “The 2025/2026 financial year demonstrates eVISO’s ability to grow simultaneously in terms of size, diversification, and profitability. The Company closed the year with revenues of Euro 341.0 million (+8%), a Gross Margin of Euro 21.8 million (+9%), an adjusted EBITDA of Euro 14.7 million (+4%), and a net result of Euro 5.2 million (+4%) compared to the previous year. This financial growth is accompanied by a significant expansion of the platform: total managed volumes reached 1,421.8 GWh (+13%), with 209,753 PODs and PDRs served. The direct channel reached 626.2 GWh (+32%), while gas rose to 208 GWh (+88%), increasing its share of total volumes from 9% to 15%. These results confirm the trends already evident in the preliminary FY25/26 data and demonstrate the platform and organization’s ability to handle increasing complexity as the business scales up. A greater number of customers, commodities, and channels generates an increasing volume of data, processes, and decisions to manage. Proprietary technology enables an ever-larger share of this complexity to be integrated into the systems, thereby enhancing the model’s replicability and efficiency. The year also marked the start of international expansion with the establishment of eVISO LUZ Y GAS in Spain, alongside the strengthening of the management and financial structure to support the Group’s increased scale”.
Gianfranco Sorasio, Chief Executive Officer and Chairman of eVISO, commented: “eVISO has both strengthened industrial-scale projects, as electricity sales through the direct commercial network and reseller channel, and scaled up emerging, high-growth projects, as gas sales through the commercial network (+47% YoY), electricity sales (+66%) and gas (204%) through the agency channel, gas sales through the reseller channel (+683%), and energy procurement from renewable plants (+87%). The proprietary algo trading platforms have processed over 12 TWh of electricity (+88%) and approximately 0.24 TWh of gas (new technology). eVISO has invested over 77,000 working-hours in the development of its digital infrastructure, demonstrating a unique capacity for scale compared to almost all market operators. These projects are complemented by high-potential innovation lines as the retail channel, the digital channel with eVISO giro app, and international expansion in Spain. A pipeline of projects supports short-, medium-, and long-term growth ambitions”.
[1] AdjustedEBITDA is calculated by adding the following items to EBITDA: stock option plans (Euro 0.4 million), customer acquisition costs (Euro 3.4 million), digital channel advertising costs (Euro 0.2 million), and sponsorships (Euro 0.2 million). In the future, the scope will also include costs arising from customer base acquisitions, M&A activities and other non-recurring costs.
[2] EBITDA: Alternative Performance Measure. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization – Gross Operating Margin) is an alternative performance measure not expressly defined by IAS/IFRS accounting standards but used by the Company’s management to monitor and evaluate its operating performance; it is unaffected by volatility resulting from differing criteria for determining taxable income, the amount and characteristics of invested capital, or related depreciation and amortization policies. For eVISO, this indicator is defined as the Profit/(Loss) for the period before depreciation, amortization and impairment of tangible and intangible assets, financial income and expenses, and income taxes.
[3] Net Financial Position—which corresponds to net financial indebtedness under IAS/IFRS accounting standards—is calculated by summing the monetary net financial position (a cash surplus of Euro 8.8 million), current financial assets (cash equivalents of Euro 1.5 million), and non-current financial assets (approximately Euro 0.1 million).