European Green Transition (AIM:EGT), the AIM-listed critical infrastructure investor, said its Wind Energy Services business generated revenue of approximately £8.5 million in the six months to 30 June, its first half since acquiring the operation.
Group statutory revenue reached approximately £6.8 million, reflecting the four months of trading since the acquisition completed on 25 February from the liquidator of Arena Capital Partners.
The Board now expects Wind Energy Services to deliver revenue of £17 million to £18 million for the 12 months to 31 December, though EGT's own share will cover only the 10-month period since completion.
The repowering orderbook expanded to 65 signed heads of terms, with eight projects completed and 30 planning approvals granted as at 30 June, against a pipeline of roughly 280 qualified prospects across a client base of approximately 900 turbines, representing a potential £126 million repowering opportunity.
Anemos Analytics, in which EGT lifted its stake to 79% in May, is now contracted on 133 turbines across the UK.
The Group remained debt-free with a cash balance of approximately £5.8 million at period end.
"The strong trading performance delivered since completion reinforces our confidence in the strategic rationale for the acquisition," said Cathal Friel, Executive Chairman.
The Board said EGT remains on track for its medium-term target of £50 million Group revenue and double-digit EBITDA margins.
News Intelligence what this means for the company
Wind Energy Services, acquired in late February 2026, generated £8.5m revenue in its first six months and is on track for £17–18m full-year revenue, driven by a repowering orderbook that has expanded to 65 signed heads of terms. The business is profitable at scale—2025 full-year adjusted EBITDA margin was 6.1%—and the pipeline of 280 qualified prospects across 900 turbines represents a £126m repowering opportunity, suggesting material runway for growth toward EGT's £50m medium-term revenue target.
The acquisition is validating early: H1 revenue run-rate (£17m annualised) already exceeds 2025 full-year revenue (£14.7m), and the orderbook expansion signals demand momentum. At £5.8m cash and debt-free, EGT has limited financial headroom for further M&A or working-capital strain, but the contracted nature of the repowering pipeline should support cash generation if conversion rates hold.
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