Slide 1: 9M/Q3 2025/26 Earnings Call
9M/Q3 2025/26 Olaf Tröber (CFO), Alina Köhler (IR) Earnings Call May 13, 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: Key figures 9M 2025/26: Verbio back on growth across all key metrics
9M in brief Q3 financial performance Outlook Q&A Key figures 9M 2025/26: Verbio back on growth across all key metrics Production in kt* and GWh EBITDA in € m Net debt in € m Equity ratio 105.7 Biodiesel in kt Bioethanol in kt RNG in GWh 164.0 126.8 +20% 1.040 58.2% 59.3% 865 459 420 458 431 22.4 9M
Slide 4: Overview Q3 2025/26: Bioethanol/Biomethane segment drives earnings
9M in brief Q3 financial performance Outlook Q&A Overview Q3 2025/26: Bioethanol/Biomethane segment drives earnings EBITDA in € m 70 Bioethanol/Biomethane Group 60.2 60 50 40 34.2 30.1 30 20 8.2 5.8 10 0 -10 Q3 24/25 Q2 25/26 Q3 25/26 Q3 25/26 -20 -14.0 4
Slide 5: Biodiesel segment
9M in brief Q3 financial performance Outlook Q&A Biodiesel segment Sales in € m 30 EBITDA in € m 400 Production in kt 24.1 300 18.5 223.8 20 202.7 200 144.3 146.5 10 100 0 0 Q2 25/26 Q3 Q3 25/26 25/26 Q2 25/26 Q3 Q325/26 25/26 Production hit record levels in Europe in Q3 2025/26, while output in Can
Slide 6: Biodiesel market development (Europe)
9M in brief Q3 financial performance Outlook Q&A Biodiesel market development (Europe) Market spreads in €/t Biodiesel and rapeseed oil in €/t of biodiesel in 2025/26 400 1,300 2024/25 1,200 300 2025/26 1,100 200 1,000 Biodiesel 100 900 Rapeseed oil 0 800 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Slide 7: Bioethanol/Biomethane segment: Strong result driven by improved GHG market conditions
9M in brief Q3 financial performance Outlook Q&A Bioethanol/Biomethane segment: Strong result driven by improved GHG market conditions and seasonal demand Sales in € m Bioethanol Production in kt RNG Production in GWh 365.9 EBITDA in € m 400 337.7 40 34.2 300 236.3 30 228.0 200 153.1 20 124.1 100 10
Slide 8: Structurally tighter GHG quota market
9M in brief Q3 financial performance Outlook Q&A Structurally tighter GHG quota market GHG quota price development in €/t CO2-eq 500 * 400 • Seasonal demand for 2025 GHG quota ahead of June 2025 GHG quota 300 compliance deadline 200 • Clearer mandate outlook supported buying activity 100 • Initial 2
Slide 9: Bioethanol market development (Europe)
9M in brief Q3 financial performance Outlook Q&A Bioethanol market development (Europe) Market spreads in €/t Bioethanol and wheat in €/t of bioethanol in 2025/26 400 2024/25 1,100 2025/26 1,000 300 900 Bioethanol 200 800 Wheat 700 100 600 0 500 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Au
Slide 10: Bioethanol market development (USA)
9M in brief Q3 financial performance Outlook Q&A Bioethanol market development (USA) Market spreads in €/t Bioethanol and corn in €/t of bioethanol in 2025/26 300 600 2024/25 200 2025/26 500 Bioethanol 100 400 Corn 0 300 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Slide 11: Upgraded EBITDA-guidance 2025/26 specified to upper end of forecast range
9M in brief Q3 financial performance Outlook Q&A Upgraded EBITDA-guidance 2025/26 specified to upper end of forecast range 2023/24 2024/25 2025/26E Production Biodiesel capacity in kt 710,000 t 710,000 t 710,000 t capacity utilisation 89.8% 87.2% ↑ yoy Bioethanol capacity 800,000 t 800,000 t 800,000
Slide 12: Better rules, real demand
9M in brief Q3 financial performance Outlook Q&A Better rules, real demand Regulatory-driven demand for real CO₂ savings in Germany RED III strengthens demand by correcting (in % compared to the fossil comparator) structural flaws: • Removal of double counting: Eliminates artificial compliance volum
Slide 13: Lower geopolitical exposure supports long-term renewable energy adoption
9M in brief Q3 financial performance Outlook Q&A Lower geopolitical exposure supports long-term renewable energy adoption Indexed commodity price development BioLNG costs ~1/3 of diesel on an energy basis 250 200 0.93 €/kg 150 100 2.00 €/litre 50 Brent Wheat Rapeseed oil 0 Jan 26 Feb 26 Mar 26 Apr 2
Slide 14: Further updates
9M in brief Q3 financial performance Outlook Q&A Further updates Attractive blending economics for ethanol Positive implications of the US Renewable 2.2 Volume Obligation decision 2 • Canadian operations may run beyond the typical winter season 1.8 • Attractive blending economics and higher blending
Slide 15: Q&A
9M in brief Q3 financial performance Outlook Q&A Q&A 13
Slide 16: 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 14
Slide 17: 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