Slide 1: Full Year 2025 Results
Full Year 2025 Results EnergyVision closes out IPO year 2025 with record revenue and record profit
Slide 2: Disclaimer
Disclaimer The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management. Certain statements in this presentation may be deemed to be forward-looking. Such forward-looking statements are based on
Slide 3: Key developments & business update
Key developments & business update
Slide 4: Full year results 2025 - High expectations were fully met
Full year results 2025 - High expectations were fully met Record results in first year as a listed company Sales REBITDA Growth in Largest public Energy Assets growth growth Assets EV charging Supplier Diversification +73.6% +38.4% 50.0 MWp operator >133,000 PODs1 73.6% growth in REBITDA Acquisition
Slide 5: Diversification of the production portfolio
Diversification of the production portfolio 2024 2025 Wind > 70 GWh contracted for 2026 Hydropower (Turbulent) Will add baseload production Solar Optimised with curtailment + flexibility Hydro adds to our energy mix: when sun and wind are low, rivers keep flowing
Slide 6: Our winning strategy
Our winning strategy Production Smart Assets Optimisation AI models, algorithms, design for flexibility & grid constraints Consumption
Slide 7: “best friends” customer mindset
“best friends” customer mindset ‘Best friends’ mindset Average call pick-up time: 33 seconds (2025) 2026: employee group bonus linked to customer satisfaction score(s) Leading Trustpilot-score of 4.7 in the Belgian energy sector
Slide 8: On track to become Belgium’s largest public EV charging operator
On track to become Belgium’s largest public EV charging operator EnergyVision charging points on 31/12/2025: 3,063 EnergyVision charging points - in the pipeline: • NMBS concession (+5,000 charging points ) • MOW concession (5,280 charging points) • + organic growth De Tijd - 4 Feb 2026
Slide 9: Full year results 2025
Full year results 2025 Strength of business model in full force thanks to challenging market conditions Key developments: Asset-Based • We combine production from our PV assets with consumption Mobility (through charge points and energy contracts). Charging • Integration of production and consumptio
Slide 10: Financial Performance
Financial Performance
Slide 11: Revenue bridge
Revenue bridge • Revenue growth of 73.6%, primarly driven by recurring business. • Strong increase in Non-Asset Based Energy, reflechting the scale-up of the energy supplier portfolio. • Asset-Based Energy and Asset-Based Mobility contributed 10.2 M€ of additional revenue. • EPC remained broadly sta
Slide 12: Revenue per Country
Revenue per Country • Revenue in Belgium more than doubled, reflecting strong growth in recurring domestic activities. • China delivered solid growth of 24%, while Morocco remained broadly stable +133% 109.7 M€ +24% 50.8 M€ 47.1 M€ 40.8 M€ +2% 11.7 M€ 11.9 M€ Belgium China Morocco FY 2024 FY 2025
Slide 13: Profit & Loss Statement
Profit & Loss Statement • REBITDA increased by 38.4% • Net profit doubled to 15.8 M€ • Tax rate 8% as compared to 12% in 2024 12 months ended 31 December In million euro 2025 2024 25/24 25/24 Revenue 173.0 99.6 +73.4 +73.6% Gross Margin 66.0 49.1 +16.9 +34.4% Operating Costs -26.6 -20.7 -6.0 +28.9%
Slide 14: Balance sheet and impact on net debt
Balance sheet and impact on net debt • Continued investment in growth assets • Equity strengthened significantly following the IPO • Net debt / REBITDA improved to 2.1x (vs 3.1x in 2024), providing headroom for expansion 2025 – In million euro 2025 2024 2024 Non-current assets 249,5 183.9 +65.6 Curr
Slide 15: ABE – Asset Based Energy
ABE – Asset Based Energy 21.6 M€ Asset-based energy segment includes all activities linked to the production and valorisation of electricity 15.1 M€ from our own production assets (from own solar panels). • More irradiation, more assets and better valorisation led to 43% revenue and 53% REBITDA grow
Slide 16: ABM – Asset Based Mobility
ABM – Asset Based Mobility The segment includes all activities linked to the operation of our charging infrastructure. • Once again strong growth of 81% • REBITDA rose to 2.6 million € or a 73% increase. • EnergyVision’s unique charging card users grew +96.6% in 2025, outpacing Belgium’s EV fleet gr
Slide 17: NABE - Non Asset Based Energy
NABE - Non Asset Based Energy This segment includes all activities related to our role as energy supplier. • This segment accounted for the largest revenue growth following portfolio scale-up. • REBITDA reached 3.1 million € as portfolio scales. • Strong increase in connection points, as several gro
Slide 18: EPC
EPC The EPC segment includes all activities regarding development and construction of assets. • Revenue and REBITDA remained broadly stable. • Belgian market impacted by general market conditions. • International activities provided stability. • Strategic focus remains on gradual shift towards our r
Slide 19: Outlook
Outlook
Slide 20: Outlook 2026
Outlook 2026 We expect REBITDA growth of at least 30% in 2026. In addition, we plan to invest approximately €70 million in energy production, charging infrastructure, customer portfolios and software. Management maintains its guidance for the mid-term objectives as stated in the prospectus and confi
Slide 21: Q&A
Q&A