EnergyVision's stock jumped 3.4% in early trading on Thursday following the release of stronger-than-expected first-half results and an upward revision to the company's medium-term profitability target.
The Belgian sustainable energy supplier reported first-half revenue of €98.1 million ($113.8 million), an increase of 57% compared with the same period a year earlier. Underlying EBITDA for the period rose 45.2% to €22.8 million.
In light of the performance, EnergyVision (ENRGY.BR) raised its 2026 underlying EBITDA growth target to 35% from its prior 30% target. The company also said it expects underlying EBITDA to expand by at least 40% in 2027.
EnergyVision attributed the improvement to strong customer gains within its energy supply operations. The company highlighted that revenue in its non-asset-based energy segment more than doubled year-on-year, accompanied by ongoing increases in customer numbers.
Management framed the results and revised guidance as a reflection of continued momentum in customer acquisition and the expanding scale of its non-asset-based offerings. The market reaction in early trading reflected investor recognition of the upgraded profit-growth outlook.
Detailed figures
- First-half revenue: €98.1 million, up 57% year-on-year.
- First-half underlying EBITDA: €22.8 million, up 45.2% year-on-year.
- 2026 underlying EBITDA growth target: raised to 35% from 30%.
- 2027 underlying EBITDA expectation: at least 40% growth.
These results and updated targets center on the company's energy supply segment, where non-asset-based revenue has more than doubled and customer counts continue to rise. The company provided these performance metrics and targets as part of its latest reporting; they form the basis for the market's response.
Investors should note that the figures and targets presented are the information released by the company and are the primary drivers of the stock's early session gain.