Attached is the preliminary condensed consolidated financial statements for the
first nine months of 2026.
Highlights from the report is as follows:
9m 2026 EBITDA came in at a profit of EUR 2.76m, mainly due to significant
one-off items. EBITDA from core operations came in at a profit of EUR 79k.
The Supreme Court of Italy agreed to EAM's appeal that the 2019 arbitration was
in breach of law. The decision paves the way for EAM to pursue a significant
litigation upside.
Total cash receipts in 2026, beyond operational revenues, amounts to EUR 5.87
million, which has enabled EAM to significantly de-risk the Group financially
and rebuild power plants.
Group liquidity and solidity has significantly improved with a 42% reduction of
gross debt from EUR 10.2 million to EUR 5.9 million, and increased equity ratio
from 9.7% to 58%.
EAM executed in July the EUR 1.6m rebuilding of Brundensini and Scardino power
plants. The plants will be offline under construction from November 2026 to
March 2027. When in operation, Group power production is expected to increase by
75%.
The July equity rights issue of NOK 55m received total subscriptions of NOK
101m. Following the equity issue the number of outstanding shares has increased
to 142.3m.
The Company's legal counsels started the procedures to collect EUR 4.4m from
Aveleos in September.
For further information, please contact:
Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no
Erik Brandon Reisenfeld, CEO, phone +479055 3658, erik@eam.no
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
ction\
5-12 of the Norwegian Securities Trading Act.\