Vergnet recorded losses in the first half of 2025

The Vergnet Group, specializing in renewable energy production, has published its half-year results for 2025, revealing a net loss of €3.6 million. Revenue reached €1.8 million, excluding certain subsidiaries. The results were impacted by a costly restructuring, including a reduction in staff from 217 to 92 full-time equivalents and a decrease in personnel expenses of €1.4 million. The operating result was -€2.4 million, exacerbated by financial charges. Cash and cash equivalents remained at €2.7 million despite reduced cash flow. The outlook indicates challenges in meeting the deadlines for major projects.