Slide 1: FY/Q4 2025/26 Earnings Call
FY/Q4 2025/26 Claus Sauter (CEO), Olaf Tröber (CFO) Earnings Call September 24, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that are based on current assumptions and estimates made by the management of Verbio SE. Although the Company’s management is of the opinion that these assumptions and estimates are realistic, actual future developments and actual futu
Slide 3: FY 2025/26: Result turnaround and strong cash generation
FY in brief Q4 financial performance 2026/27 outlook Q&A FY 2025/26: Result turnaround and strong cash generation Production in kt* and GWh EBITDA in € m Net debt in € m Equity ratio 193.9 Biodiesel in kt Bioethanol in kt 164.0 RNG in GWh 1,410 +19% 91.5 58.2% 59.7% 1,190 619 583 627 591 14.2 FY 24/
Slide 4: Recovering markets, expanding Verbio Premium
FY in brief Q4 financial performance 2026/27 outlook Q&A Recovering markets, expanding Verbio Premium Development of gross margin in €/t of biodiesel and bioethanol sold • Improved market conditions, Reference spread1 Verbio Premium 2 including the recovery of the GHG 300 quota market, drove a signi
Slide 5: RED III implementation restores a level playing field
FY in brief Q4 financial performance 2026/27 outlook Q&A RED III implementation restores a level playing field EBITDA in € m • RED III implementation removes a key market distortion through the 100 elimination of double-counting 88.2 since January 2026 80 • Seasonal quota sales provided an additiona
Slide 6: Overview Q4 2025/26: Bioethanol/Biomethane segment drives earnings
FY in brief Q4 financial performance 2026/27 outlook Q&A Overview Q4 2025/26: Bioethanol/Biomethane segment drives earnings EBITDA in € m 100 88.2 Bioethanol/Biomethane Group 80 60.2 60 55.0 40 34.2 20 0 Q4 24/25 Q3 25/26 Q4 Q4 25/26 25/26 -20 -8.2 -26.3 -40 6
Slide 7: Biodiesel segment
FY in brief Q4 financial performance 2026/27 outlook Q&A Biodiesel segment 400 40 EBITDA in € m SaIes in € m 32.8 Production in kt 280.4 30 300 202.7 18.5 200 172.4 20 145.2 100 10 0 0 Q3 25/26 Q4 Q4 25/26 25/26 Q3 25/26 Q425/26 Q4 25/26 Record production in Europe and the restart of operations in C
Slide 8: Biodiesel market development (Europe)
FY in brief Q4 financial performance 2026/27 outlook Q&A Biodiesel market development (Europe) Market spreads in €/t Biodiesel and rapeseed oil in €/t of biodiesel in 2025/26 300 1,400 2024/25 Biodiesel 200 2025/26 1,300 Rapeseed oil 1,200 100 1,100 0 1,000 -100 900 Jul Aug Sep Oct Nov Dec Jan Feb M
Slide 9: Bioethanol/Biomethane segment
FY in brief Q4 financial performance 2026/27 outlook Q&A Bioethanol/Biomethane segment Sales in € m Bioethanol Production in kt RNG Production in GWh 400 365.9 370.2 60 55.0 EBITDA in € m 300 50 236.3 243.5 40 34.2 200 159.9 30 124.1 20 100 10 0 0 Q3 25/26 Q4 Q425/26 25/26 Q3 25/26 Q4 25/26 25/26 Bi
Slide 10: RED III supports GHG quota price recovery
FY in brief Q4 financial performance 2026/27 outlook Q&A RED III supports GHG quota price recovery GHG quota price development in €/t CO2-eq 600 * 500 • RED III implementation supported quota price recovery 400 • Expectations of a tighter market 300 improved sentiment 200 • Initial demand emerged fo
Slide 11: Bioethanol market development (Europe)
FY in brief Q4 financial performance 2026/27 outlook Q&A Bioethanol market development (Europe) Market spreads in €/t Bioethanol and wheat in €/t of bioethanol in 2025/26 600 1,200 2024/25 Bioethanol 500 1,100 2025/26 Wheat 400 1,000 900 300 800 200 700 100 600 0 500 Jul Aug Sep Oct Nov Dec Jan Feb
Slide 12: Bioethanol market development (USA)
FY in brief Q4 financial performance 2026/27 outlook Q&A Bioethanol market development (USA) Market spreads in €/t Bioethanol and corn in €/t of bioethanol in 2025/26 300 600 2024/25 2025/26 200 500 100 400 Bioethanol Corn 0 300 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Slide 13: FY 2026/27: Growth led by Bioethanol/Biomethane
FY in brief Q4 financial performance 2026/27 outlook Q&A FY 2026/27: Growth led by Bioethanol/Biomethane 2025/26 2026/27E Production Key assumptions: • Higher contribution from the Biodiesel (t) 626,918 Stable Bioethanol/Biomethane segment: − Higher production volumes in Bioethanol (t) 590,884 Highe
Slide 14: FY 2026/27: Lower capex with continued strategic investments
FY in brief Q4 financial performance 2026/27 outlook Q&A FY 2026/27: Lower capex with continued strategic investments Investments in PPE in € m Capital expenditure priorities 2026/27E • Lower capex than FY 2025/26 South Bend conversion project: biogas • Focus shifts from construction to South Bend i
Slide 15: Economics support demand for renewable fuels
FY in brief Q4 financial performance 2026/27 outlook Q&A Economics support demand for renewable fuels Bio-LNG is significantly cheaper than Ethanol is competitive with gasoline Ethanol is the lowest-cost liquid fuel diesel 2.00 1,400 4.00 1.50 1,200 3.00 1.00 1,000 2.00 0.50 800 1.00 0.00 600 0.00 J
Slide 16: Bio-LNG remains lowest-cost option in transport
FY in brief Q4 financial performance 2026/27 outlook Q&A Bio-LNG remains lowest-cost option in transport Price development in €/GJ 70 RME Diesel HVO Bio-LNG 60 50 • Bio-LNG remains the most cost- 40 competitive fuel option for road transport 30 • Higher costs position HVO as the 20 marginal complian
Slide 17: Q&A
FY in brief Q4 financial performance 2026/27 outlook Q&A Q&A 13
Slide 18: Point of contact
Point of contact Ulrike Kurze Alina Köhler Public Relations Investor Relations Ritterstraße 23 (Oelßner‘sHof) Ritterstraße 23 (Oelßner‘sHof) 04109 Leipzig 04109 Leipzig E-Mail: pr@verbio.de E-Mail: ir@verbio.de 18
Slide 19: Verbio SE
Verbio SE Ritterstraße 23 T +49 341 308530-0 04109 Leipzig F +49 341 308530-999 Germany info@verbio.de www.verbio.de