EQS-News: Wolftank Group stabilizes operations in 2025 and lays the groundwork for turnaround in 2026

EQS-News: Wolftank Group AG / Key word(s): Annual Results
Wolftank Group stabilizes operations in 2025 and lays the groundwork for
turnaround in 2026

22.05.2026 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Wolftank Group stabilizes operations in 2025 and lays the groundwork for
turnaround in 2026

• 2025 sales at EUR 122.8 million, in line with the previous year
• EBITDA at EUR 6.2 million, supported by a positive valuation effect
• Operational improvement in H2 2025 confirms effectiveness of
profitability measures
• Net debt reduced to EUR 18.9 million (2024: EUR 24.1 million) –
balance sheet strengthened
• Order backlog of EUR 175 million and GreenLead 2030 strategy provide
solid foundation

Wolftank Group AG (ISIN: AT0000A25NJ6), a leading European provider of
environmental technologies and emission-free infrastructure solutions,
closed the 2025 financial year with stable sales of EUR 122.8 million
(2024: EUR 121.5 million, +1.1%). The year was marked by a deliberate
transformation process: The Group sharpened its strategic focus,
streamlined its organizational structure, and laid the foundation for a
return to sustainable profitability.

Sales and earnings performance in 2025 was impacted by several temporary
factors, including a maintenance-related shutdown of a recycling plant,
delayed project releases by customers, a less favorable margin mix, and a
provision of approximately EUR 2.0 million related to a first-instance
court ruling in Italy.

Earnings before interest, taxes, depreciation, and amortization (EBITDA)
for the year 2025 amounted to EUR 6.2 million (2024: EUR 8.6 million),
corresponding to an EBITDA margin of 5.0%. EBITDA benefited from a
non-recurring, non-operative valuation gain of EUR 3.6 million resulting
from the revaluation of an equity investment. Excluding this one-time
effect, normalized EBITDA amounted to EUR 2.6 million, including a EUR 2.0
million provision recognized in the first half of the year in connection
with the Italian legal proceedings, which had a corresponding negative
impact on profitability. Operating profit (EBIT) amounted to EUR 1.1
million (2024: EUR 2.5 million), corresponding to a margin of 0.9%. Profit
before tax amounted to EUR -0.9 million (2024: EUR 0.3 million), while
profit after tax remained at EUR -1.3 million (2024: EUR -1.5 million).

In the second half of 2025, the implemented cost and efficiency measures
began to deliver tangible results and initiated a turnaround. Operating
profitability improved significantly: On a quarterly basis, the operating
turnaround was already achieved in Q3 2025 with an adjusted EBITDA of EUR
1.0 million. This trend continued in the fourth quarter, with EBITDA
reaching EUR 2.5 million, confirming the return to positive operational
profitability.

“2025 was a year of strategic realignment and operational stabilization.
We worked consistently on improving our cost base, streamlined our
organization, and defined a clear roadmap for the coming years with
GreenLead 2030. The significant improvement in the second half of the year
shows that these measures are taking effect. For 2026, we expect a return
to sustainable profitability and improved cash flow”, says Simon Reckla,
CEO of the Wolftank Group.

Equity stood at EUR 22.9 million (2024: EUR 24.9 million), with an equity
ratio of 18.8% (2024: 22.9%). Despite the net loss, net debt was reduced
to EUR 18.9 million (2024: EUR 24.1 million). In addition to disciplined
working capital management, this was also driven by balance sheet effects
related to the planned sale of an equity interest. Operating cash flow
amounted to EUR 3.8 million, compared to EUR 1.3 million in 2024.

Segment performance: Environmental Services solid, Hydrogen business
continues to scale
Since the 2025 financial year, Wolftank Group has been reporting in two
segments: Environmental Services and Hydrogen & Renewable Energies. The
former Industrial Coatings and Maintenance division was integrated into
the Environmental Services segment, reflecting operational synergies.

The Environmental Services segment generated sales of EUR 97.1 million
(2024: EUR 96.4 million), remaining at a stable level. The first half of
the year was impacted by the shutdown of a recycling plant and subdued
market dynamics. EBITDA amounted to EUR 5.1 million with a margin of 5.3%
(2024: EUR 7.5 million and 7.8%). Project activity recovered significantly
in the second half of the year, underlining the structurally strong demand
for remediation, recycling, and infrastructure maintenance. The segment
continues to benefit from regulatory tailwinds, including the EU Soil
Monitoring and Resilience Directive, PFAS-regulations, and increasing
demands for infrastructure modernization.

The Hydrogen & Renewable Energies segment achieved sales of EUR 25.7
million (2024: EUR 25.1 million), broadly in line with the prior year.
EBITDA amounted to EUR 1.1 million with a margin of 4.3% (2024: EUR 1.1
million and 4.5%), as several major projects that had not yet been fully
completed and handed over by year-end 2025. Several of these projects are
expected to be finalized and commissioned in 2026, creating the basis for
recurring service and maintenance sales. Wolftank Group is positioning
itself as a technology leader in hydrogen refueling infrastructure in
Europe.

GreenLead 2030 Strategy: Expanding along existing core competencies
With the GreenLead 2030 strategy presented in November 2025, Wolftank
Group is advancing the strategic evolution of its business model. The
focus lies on expanding existing competencies into adjacent technologies,
services, customer segments, and geographic markets. In particular,
Wolftank is targeting the high-growth areas of battery recycling, PFAS
decontamination, and automated tank remediation. These are markets
characterized by strong regulatory relevance and close technological
proximity to the Group’s existing business.

In addition, Wolftank Group is expanding its activities in the field of
critical infrastructure and specialized industrial applications, among
others through the recently concluded strategic partnership with High
Impact Technology LLC in the area of specialized coatings for critical
infrastructure and defense applications.

With a total addressable market volume of approximately EUR 20 to 25
billion by 2030, Wolftank Group is positioning itself as a European
Green-Tech Integrator focused on environmental technologies and
zero-emission infrastructure. By 2030, the Group aims to achieve sales of
EUR 250 million and an EBITDA margin of around 12%.

Outlook 2026: Turnaround and return to profitability
The current market environment is characterized by two opposing dynamics:
The geopolitical tensions in the Middle East have had global repercussions
on logistics and supply chains and have led to significantly higher energy
prices. At the same time, sustainable energy solutions are moving back
into focus to reduce dependence on oil and gas and ensure energy security
in the long term. Wolftank Group continues to closely monitor both
developments and their potential impact, including energy prices and
overall costs, and is evaluating necessary measures to safeguard
operational profitability.

Subject to the currently unforeseeable effects of geopolitical
disruptions, Wolftank Group expects a significant improvement in
operational profitability in 2026, targeting an EBITDA margin of 6% to 7%
on sales of approximately EUR 135 million. This outlook is supported by
the strong order backlog of around EUR 175 million at year-end 2025,
sustainable cost reductions, and the upcoming completion of several
hydrogen projects. For 2027 and 2028, Wolftank Group aims to generate
sales of EUR 150 million to EUR 175 million and achieve an EBITDA margin
of at least 10%.

“We entered 2026 with a clear agenda: profitability, operational
excellence, and the gradual expansion into new growth areas aligned with
our core competencies. Despite the challenging market environment and the
current geopolitical situation, we are actively positioning ourselves to
benefit from these developments as a green-tech company and executing our
strategy with discipline”, says CEO Simon Reckla.

Key Financial Highlights

    2025 2024
Sales EUR m 122.8 121.5
EBITDA EUR m 6.2 8.6
EBITDA margin of sales % 5.0% 7.1%
EBIT EUR m 1.1 2.5
EBIT margin of sales % 0.9 % 2.0%
Profit before tax EUR m -0.9 0.3
Profit after tax EUR m -1.3 -1.5
Operating cash flow EUR m 3.8 1.3
Net debt EUR m 18.9 24.1
Equity ratio % 18.8% 22.9 %

The Annual Sustainability Report of Wolftank Group (in English) is
available online:
[1] https://wolftankgroup.com/investor-relations/financial-reports/

About Wolftank Group
Wolftank Group is a leading provider of environmental technologies in the
green-tech sector. Its core business includes due diligence services for
environmental risks, customized solutions for soil and groundwater
remediation, recycling and recovery processes, and low-emission
technologies. The Group’s subsidiaries in seven countries across three
continents are managed by Wolftank Group AG, headquartered in Innsbruck.
Wolftank Group AG shares (WKN: A2PBHR; ISIN: AT0000A25NJ6) are listed in
the direct market plus segment of the Vienna Stock Exchange and in the
m:access segment of the Munich Stock Exchange, and are traded on Xetra as
well as on the Frankfurt and Berlin stock exchanges. Further information:
[2] www.wolftankgroup.com

Contact:
Wolftank Group Investor Relations
phone: +43 512 345726
Email: [3]investor-relations@wolftankgroup.com

Disclaimer:
This communication contains statements that relate to the future and are
based on the current knowledge, expectations, and predictions of the
management of Wolftank Group AG. All statements are subject to potentially
uncertain assumptions and risks that may result in a significant deviation
from the statements or results communicated directly or indirectly. Such
statements can be identified by the use of words such as „expect“, „plan“,
„anticipate“, „target“, „estimate“, „assume“ or similar. Consequently,
statements relating to the future are only valid at the time they were
made. The company assumes no obligation to adjust or correct statements in
this announcement in the future or to verify statements made in this press
release in the future.

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22.05.2026 CET/CEST This Corporate News was distributed by [4]EQS Group

View original content: [5]EQS News

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Language: English
Company: Wolftank Group AG
Leopoldstraße 2
6020 Innsbruck
Austria
Phone: +43 512 345726
E-mail: investor-relations@wolftankgroup.com
Internet: www.wolftankgroup.com
ISIN: AT0000A25NJ6
WKN: A2PBHR
Listed: Vienna Stock Exchange (Vienna MTF)
EQS News ID: 2331786

Weitere Handelsplätze: München Freiverkehr m:access Frankfurt Freiverkehr,
XETRA

 
End of News EQS News Service

2331786  22.05.2026 CET/CEST

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References

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3. investor-relations@wolftankgroup.com
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