**Summary of Eco Buildings Group PLC Interim Results for the Six Months Ended 30 June 2025**
**Operational Highlights**
**Production** The Albanian factory produced 42,000 sqm of walls, operating on a single shift basis.
**New Contract** Signed a contract to construct a luxury low-rise apartment block with 18 dwellings, generating €2.2 million in revenue. A letter of intent is in place for two more identical blocks.
**CE Marking** Achieved CE marking in February 2025, enabling product sales throughout the EU.
**Chile Show Homes** Completed two show homes in Chile as part of due diligence for a potential long-term manufacturing and supply contract.
**ISO Certification** Eco Buildings Group Albania received ISO 14001:2015 certification for its Environmental Management System in April 2025.
**Financial Highlights**
**Revenue** Increased to €1.8 million in H1 2025 from €0.2 million in H1 2024, including first revenues from GFRG panelling sales.
**Loss** Marginal loss of €0.062 million, significantly improved from a €1.1 million loss in H1 2024.
**Operational Update**
Focused on the Durres factory, producing over 42,000 sqm of walling products for domestic and international projects.
Invested in quality control and efficient workflows to maintain high standards while increasing production capacity.
Achieved CE marking and ISO 140012015 certification, enhancing market access and sustainability credentials.
**Sales Development**
Recorded €1.8 million in sales, driven by increased panel production and sales efforts.
Secured a contract for a luxury apartment block and a letter of intent for two more, with potential for three additional blocks.
Each apartment block is expected to generate €2.2 million in revenue with a 40% gross margin.
**Litigation Update**
Secured full litigation funding from Atticus Litigation Financing for a €195 million claim against government agencies in Kosovo.
Appointed BSA Law to lead the legal strategy under a Conditional Fee Arrangement.
**Financial Developments**
Raised £670,000 in May 2025 through a share placing.
Issued £300,000 of convertible loan notes in September 2025, convertible at 4 pence per share.
Raised an additional £600,000 through a share placing in September 2025.
Issued 5,000,000 new shares following conversion of £200,000 in loan notes.
**Financial Performance**
**Revenue** €1.792 million (H1 2024: €0.206 million).
**Gross Profit** €1.278 million (H1 2024: €0.132 million).
**Operating Loss** €0.038 million (H1 2024: €0.782 million).
**Loss Before Taxation** €0.062 million (H1 2024: €1.087 million).
**Loss Per Share** Basic and diluted loss per share of €0.001 (H1 2024: €0.014).
**Balance Sheet**
**Total Assets** €18.838 million (31 December 2024: €17.534 million).
**Total Liabilities** €9.091 million (31 December 2024: €8.715 million).
**Net Assets** €9.747 million (31 December 2024: €8.819 million).
**Cash Flow**
**Net Cash Used in Operating Activities** €0.771 million (H1 2024: €1.140 million).
**Net Cash Outflow from Investing Activities:** €0.472 million (H1 2024: €0.403 million).
**Net Cash Inflow from Financing Activities:** €1.321 million (H1 2024: €0.900 million).
**Cash and Cash Equivalents at End of Period:** €0.183 million (31 December 2024: €0.106 million).
**Going Concern**
Directors believe the company can continue as a going concern based on projected cash flows, operational plans, and financing activities. However, there are risks related to production levels, costs, and contract fulfillment.
**Events After the Reporting Period**
Cancelled deferred shares held by the company in July 2025.
Issued additional convertible loan notes and shares in September 2025.
**Conclusion**
Eco Buildings Group PLC demonstrated significant operational and financial progress in H1 2025, with increased revenue, reduced losses, and strategic certifications. The company is well-positioned for growth, supported by new contracts, expanded market access, and strengthened financial resources. However, ongoing litigation and potential risks to production and costs require careful management.
Below is an HTML table comparing the financials and debt year on year for Eco Buildings Group PLC based on the provided text:
### Key Observations:
1. **Revenue and Profitability**: Revenue increased significantly from €0.2 million in H1 2024 to €1.8 million in H1 2025, driven by sales of GFRG panelling. Gross profit also saw a substantial increase.
2. **Losses**: The operating and net losses were significantly reduced in H1 2025 compared to H1 2024, indicating improved financial performance.
3. **Assets and Liabilities**: Total assets increased slightly, while total liabilities rose more significantly, primarily due to higher borrowings.
4. **Debt**: Current borrowings increased sharply, while non-current borrowings decreased, resulting in a net increase in total borrowings. This table provides a concise comparison of key financial metrics and debt levels between the periods.
