Enapter AG Reports First Half 2026 Results and US Restructuring

Enapter AG has revealed its preliminary, unaudited financial results for the first half of 2026. The company reported a revenue of approximately EUR 10.8 million, nearly double from EUR 5.6 million in the same period last year. However, it faced a preliminary, unaudited EBITDA of around EUR -4.5 million, an improvement from EUR -8.1 million in 2025.

The EBIT deterioration to EUR -28.5 million was largely due to a EUR 19.8 million non-cash impairment on its Saerbeck property. Adjusted, the EBIT would be approximately EUR -8.7 million. The impairment followed a property agreement with Patrimonium, aimed at settling bond liabilities.

Further, Enapter is restructuring its US sales operations, terminating its agreement with Clean H2, Inc. due to unpaid fees. A EUR 17 million impairment will impact the financials, though the receivable remains valid. The company is seeking a new US distribution partner.