Wolftank Group Reports Q3 2025 Growth and Operational Turnaround

Wolftank Group AG increased consolidated sales by 7.6% in the third quarter of 2025 to EUR 29.9 million compared to EUR 27.8 million in the same period last year despite ongoing market volatility. The company successfully achieved an operational turnaround during the quarter, reporting adjusted EBITDA of EUR 1.1 million. This improvement was primarily driven by strict cost discipline, an enhanced product and project mix, and the resumption of operations at a recycling facility that had been undergoing maintenance until August.

The company made significant progress in streamlining its organizational structure during the quarter, including withdrawing from Latin American operations. The deconsolidation of the Brazilian subsidiary generated a positive one-time effect of EUR 1.1 million. When including this special effect, EBITDA for Q3 2025 reached EUR 2.2 million, slightly below the EUR 2.3 million reported in Q3 2024. Wolftank Group CEO Simon Reckla stated that these results validate the strategic direction the company has undertaken, emphasizing that structural streamlining, rigorous cost management, and focus on profitable business areas enabled the operational recovery.

For the first nine months of 2025, Wolftank faced challenges during the initial half of the year, largely due to recycling plant downtime and customer caution. Consolidated sales for the January-September period reached EUR 90.7 million, compared to EUR 89.8 million in the same period of 2024. The Environmental Services segment reported sales of EUR 72.5 million, representing a 6.2% decrease from the previous year's EUR 77.3 million. However, the Hydrogen and Renewable Energy segment demonstrated strong performance with sales increasing by 45.6% to EUR 18.2 million, up from EUR 12.5 million in the prior year period, reflecting growing demand for emission-free infrastructure solutions.

The operational turnaround in the third quarter contributed to adjusted EBITDA of EUR 1.0 million and adjusted EBIT of EUR -2.9 million for the nine-month period. These adjustments included a one-time provision of EUR 2.5 million related to a first-instance ruling for customer compensation in Italy, along with the Latin American subsidiary deconsolidation effect. Excluding these one-time items, EBITDA would have been EUR -0.5 million compared to EUR 7.0 million in the first nine months of 2024, while EBIT would have been EUR -4.3 million versus EUR 2.3 million in the previous year.

The company maintains a substantial order backlog of EUR 150 million, which provides a solid foundation for achieving strategic objectives and implementing the recently announced GreenLead 2030 strategy. CEO Simon Reckla emphasized that Wolftank is now concentrating fully on developing new growth areas aligned with core competencies, including innovative solutions for battery recycling, PFAS decontamination, and automated tank remediation. The company confirms its full-year 2025 forecast, expecting revenues between EUR 121 million and EUR 123 million with adjusted EBITDA projected in the range of EUR 1.5 million to EUR 3.0 million. Further information about the company's performance and strategic direction is available at https://www.wolftankgroup.com.