European Green Transition (EGT ) closed out the full year to December 2025 with £2.3 million in the bank, following a loss of £1.26 million. This was subsequently topped up in March, after a £7.5 million raise.

The 2025 full year was a period of continued engagement with distressed target companies, as EGT sought to execute on its merger and acquisition strategy with a focus on the green energy space. 

That vision was front and centre post the period end in February of this year, when EGT acquired a group of EBITDA profitable onshore wind turbine operations, maintenance, repair and remote monitoring businesses in the UK and Ireland for £3.5 million.

These businesses are collectively known inside EGT as the Wind Energy Services, and comprise Earthmill Maintenance Limited, Wind Energy Partnership Limited, Silverford Engineering Limited and Anemos Analytics Limited.

During 2025 work also continued on EGT’s rare earths project in Sweden. During 2025 the licences at Olserum were extended until June 2029, following the successful completion of a drill programme in the second half of 2024. This confirmed the district scale potential for rare earth elements at Olserum

The Pajala copper project licenses in Sweden were also extended, in this case until March 2028.

But the real action started in 2026. 

The company has significantly expanded its repowering pipeline, with 55 signed heads of terms, 25 planning approvals granted, 13 projects commenced and three repowering projects completed as at 31 March 2026, across a portfolio of over 900 wind turbines.

EGT has also recently boosted its stake in monitoring software company Anemos Analytics,  from 52% to 79% as part of a strategy to expand its footprint across onshore wind, and other markets.

Chairman Cathal Friel is now optimistic that EGT is on track to hit its medium-term target of £50 million in revenue.

“2025 was a foundational year for EGT,” said Friel. 

“Through a disciplined strategic focus on M&A, we laid the groundwork for the transformational acquisition completed in early 2026. This deal marks a clear step-change for the EGT Group by delivering immediate revenues, EBITDA profitability and a scalable platform for growth. We are now firmly focused on execution through integrating the Wind Energy Services business, delivering organic growth and pursuing further value-accretive acquisitions as we work towards our medium-term target of £50 million in group revenue and double-digit EBITDA margins. We are delighted with our progress year to date and with a strong pipeline of opportunities, a growing repowering pipeline, and clear visibility over future revenues, we believe the company is well-positioned to build a scalable, cash-generative infrastructure platform and deliver long-term value for shareholders. We look forward to sharing a trading update later this summer.”

 

View from Vox

 

If 2025 was the year European Green Transition laid down a foundation for growth, then 2026 looks like being the year of real transformation. Not too much can be read into the numbers in the 2025 financial accounts, but the same won’t be true for 2026. By then the path to growth that EGT is now on ought to be readily apparent, both in terms of cashflow and valuation. The shares have risen by more than 20% over the past 12 months, but one can’t help feeling that with the kinds of revenue numbers Friel is talking about there’s a lot more to come.