Danish biomass leader CM Biomass has reported resilient financial results for the 2024/25 financial year, maintaining stable trading volumes despite global economic challenges and downward pressure on biomass prices.
The company traded 3.7 million tonnes of biomass during the year, generating revenue exceeding €777 million and achieving a profit before tax of €14.5 million.
While these figures mark a decline from the previous two years, CEO Simon Plagborg describes the performance as “satisfactory” and a testament to the company’s operational strength.
“Biomass trading prices are shaped by external forces, but our ability to sustain volume and market share is a direct result of our commercial strength and trusted partnerships,” said Plagborg.
“We’ve shown both resilience and strategic vision—tightening our focus on core markets, advancing product development, and deepening collaboration with customers.”
Plagborg took the helm at CM Biomass in January 2025, bringing renewed focus to both commercial development and production capabilities in the United States.
Since his appointment, he has engaged deeply with CM Biomass’s global organisation, which includes extensive in-house production, warehouses across multiple regions, and sales offices on several continents.
The 2024/25 results mark the first full financial year following a further investment by majority shareholder United Shipping and Trading Company (USTC).
In December 2024, USTC increased its ownership stake to 89%, up from 69% in 2023 and 60% in 2021, reinforcing its long-term commitment to the biomass sector.
CM Biomass said it continues to solidify its reputation as one of the world’s largest producers and traders of biomass for energy production.
Its vertically integrated business model, combining production and trading, has proven resilient amid fluctuating market conditions, it added.
“Our latest results confirm the strength of our approach,” said Plagborg. “We are well positioned for future growth and for scaling our global trading activities.”
The company is closely monitoring evolving policy landscapes, particularly the EU’s increased emphasis on the green transition.
CM Biomass sees this as a key driver of market opportunity, as industries seek sustainable alternatives to fossil fuels.
“This political momentum supports our customers’ efforts to decarbonise. Our role is to translate climate policy into practical, commercially viable solutions—helping clients choose the right biomass options to meet their specific energy and sustainability needs,” Plagborg concluded.
CM Biomass maintains strong market position despite industry headwinds
