Anaergia revenue jumps 37% in Q2 as capital-light strategy boosts margins

Anaergia. has reported a strong second quarter for 2025, with revenue up 36.8% year-on-year to C$32.3 million (€22 million) and gross profit rising 152.9% to C$10.5 million (€7.1 million), driven by growth in capital sales in Italy and North America.
The Burlington, Ontario-based waste-to-value company said its gross profit margin improved to 32.5% from 17.6% in Q2 2024, while its adjusted EBITDA loss narrowed by 72.1% to C$2.2 million (€1.5 million).
Loss from operations shrank to C$4.1 million (€2.8 million) from C$11.7 million (€8 million), and net loss fell 29% to C$9.5 million (€6.5 million).
For the first half of 2025, revenue rose 17.7% to C$57.1 million (€38.8 million), with gross profit up 49.6% to C$15.9 million (€10.8 million).
The net loss for the period fell to C$15.4 million (€10.5 million) from C$24.8 million (€16.9 million) a year earlier, and adjusted EBITDA improved to a loss of C$6.2 million (€4.2 million) from C$14.1 million (€9.6 million).
Chief executive Assaf Onn said: “Reflecting on my first year as CEO at Anaergia, I am excited to highlight the transformative progress we’ve made. We have strategically redefined Anaergia as a leading technology company in the RNG sector, delivering complete solutions through our capital sales business, and we are well positioned to capture expanding opportunities. Our second-quarter financial results demonstrate significant advancements enabled by our transition to a capital-light business model, clearly showcasing Anaergia’s positive trajectory.
“Additionally, our revenue backlog surged to C$244 million (€166 million) at the end of the quarter, increasing from C$200 million (€136 million) in the previous quarter and C$104 million (€71 million) at the start of the year.
"This growing backlog, along with C$43.8 million (€29.8 million) in new contracts announced since the end of the second quarter, enhances our visibility and optimism for the future. We are enthusiastic about the ongoing transition and remain confident that the most promising developments are yet to come.”