Source: Sharecast
The AIM-traded company reported no revenue for the year ended 31 December, unchanged from 2024, while its operating loss narrowed to £1.36m from £2.20m.
The loss before tax reduced to £1.26m from £2.14m, helped by lower administrative costs and £95,436 of net finance income.
Cash at year end stood at £2.3m, down from £3.7m a year earlier.
EGT said its main operational progress during the year included continued engagement with distressed target companies, which led after the year end to the acquisition of a UK and Ireland wind energy services business for £3.5m on a debt-free, cash-free basis.
The business comprises Earthmill Maintenance, Wind Energy Partnership, Silverford Engineering and Anemos Analytics, and provides operations, maintenance, repair and remote monitoring services for more than 900 onshore wind turbines.
The company said the acquisition, completed in February 2026, delivered immediate revenue and EBITDA profitability.
It was followed in March by an upsized and oversubscribed £7.5m fundraise, leaving the group debt-free and with a strengthened balance sheet.
EGT said the acquired wind platform generated unaudited revenue of about £14.7m in 2025 and had a growing repowering pipeline.
As at 31 March, it had signed 55 heads of terms for repowering projects, with 25 planning approvals granted, 13 projects commenced and three completed.
The company said a typical repowering contract was worth about £450,000, implying a potential £25m revenue opportunity from the signed heads of terms across 2026 and 2027.
The group also increased its interest in Anemos Analytics from 52% to 79% in May, as it looks to expand the condition-monitoring software platform across onshore wind and adjacent markets including larger wind assets, hydropower, shipping and other industrial applications.
Alongside the wind services business, EGT said it continued to assess sale or partnership options for its non-core natural resources assets.
The Olserum rare earth elements project licences in Sweden were extended to June 2029, while the Pajala copper project licences were extended to March 2028.
Executive chair Cathal Friel said 2025 had been “a foundational year” for EGT, adding that the wind services acquisition marked “a clear step-change” by bringing immediate revenues, EBITDA profitability and a scalable growth platform.
“We are now firmly focused on execution through integrating the Wind Energy Services business, delivering organic growth and pursuing further value-accretive acquisitions as we work towards our medium-term target of £50 million in Group revenue and double-digit EBITDA margins,” he said.
EGT said it entered 2026 with strong momentum, supported by recurring maintenance contracts, repowering activity and a stronger balance sheet.
The board said it remained confident in the group’s strategy and expected continued progress towards its medium-term target of £50m of group revenue and double-digit EBITDA margins.
At 1008 BST, shares in European Green Transition were up 2.49% at 8.84p.
Reporting by Josh White for Sharecast.com.
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