AI Terminal
VERBIO Vereinigte BioEnergie AG
Quarterly Report • May 13, 2025
464_rns_2025-05-13_27af6bb3-8c6e-4813-b227-4b68c46eea9c.pdf
Quarterly Report
Open in ViewerOpens in native device viewer
Quarterly statement for the period ended March 31, 2025 (Q3 2024/2025)
Group key figures
[in EUR millions]
| Results of operations | Q1 2024/2025 | Q2 2024/2025 | Q3 2024/2025 | 9 M 2024/2025 |
|---|---|---|---|---|
| Revenue | 358.0 | 393.6 | 394.9 | 1,146.5 |
| EBITDA | – 6.6 | 20.8 | 8.2 | 22.4 |
| EBITDA margin (%) | – 1.8 | 5.3 | 2.1 | 2.0 |
| EBIT | – 21.5 | 5.6 | – 8.3 | – 24.2 |
| Net result for the period | – 22.9 | – 3.5 | – 14.1 | – 40.5 |
| Basic earnings per share (EUR) | – 0.36 | – 0.06 | – 0.22 | – 0.64 |
| Diluted earnings per share (EUR) | – 0.36 | – 0.05 | – 0.22 | – 0.64 |
| Operational statistics | Q1 2024/2025 | Q2 2024/2025 | Q3 2024/2025 | 9 M 2024/2025 |
|---|---|---|---|---|
| Production (tonnes) | 301,862 | 298,563 | 278,693 | 879,118 |
| Production (MWh) | 271,203 | 288,482 | 305,649 | 865,334 |
| Utilisation Biodiesel/Bioethanol (%) 1) | 80.0 | 79.1 | 73.8 | 77.6 |
| Utilisation Biomethane (%) 1) | 54.8 | 58.3 | 61.7 | 58.3 |
| Investments in property, plant and equipment | 25.9 | 36.0 | 29.6 | 91.5 |
| Number of employees 2) | 1,540 | 1,521 | 1,491 | 1,491 |
Continued on next page
1) For the financial year 2024/2025 the annual production capacity of the production plants is as follows: biodiesel: 710,000 tonnes; bioethanol: 800,000 tonnes; biomethane: 1,980 GWh.
| Group key | Segment | Business report and | Consolidated profit | Consolidated | Consolidated state | Financial | |
|---|---|---|---|---|---|---|---|
| figures | key figures | the Group's position | and loss account | balance sheet | ment of cash flows | calendar |
| Net asset position | 30.09.2024 | 31.12.2024 | 31.03.2025 |
|---|---|---|---|
| Net debt | 63.1 | 97.0 | 154.1 |
| Equity | 884.9 | 903.9 | 874.6 |
| Equity ratio (%) | 65.0 | 64.7 | 63.1 |
| Balance sheet total | 1,361.7 | 1,397.9 | 1,386.9 |
| Financial position | Q1 2024/2025 | Q2 2024/2025 | Q3 2024/2025 | 9 M 2024/2025 |
|---|---|---|---|---|
| Operating cash flow | – 6.1 | 12.3 | – 17.7 | – 11.5 |
| Operating cash flow per share (EUR) | – 0.10 | 0.20 | – 0.29 | – 0.18 |
| Cash and cash equivalents 1) | 121.3 | 100.5 | 78.5 | 78.5 |
1) At the balance sheet date; includes amounts held in segregated accounts.
Group key figures
[in EUR millions]
| Results of operations | Q1 2023/2024 | Q2 2023/2024 | Q3 2023/2024 | 9 M 2023/2024 |
|---|---|---|---|---|
| Revenue | 488.1 | 420.8 | 409.2 | 1,318.1 |
| EBITDA | 48.8 | 26.1 | 7.3 | 82.1 |
| EBITDA margin (%) | 10.0 | 6.2 | 1.8 | 6.2 |
| EBIT | 36.8 | 13.5 | – 5.6 | 44.7 |
| Net result for the period | 21.8 | 0.8 | – 10.9 | 11.7 |
| Basic earnings per share (EUR) | 0.34 | 0.02 | – 0.18 | 0.18 |
| Diluted earnings per share (EUR) | 0.34 | 0.01 | – 0.17 | 0.18 |
| Operational statistics | Q1 2023/2024 | Q2 2023/2024 | Q3 2023/2024 | 9 M 2023/2024 |
|---|---|---|---|---|
| Production (tonnes) | 283,983 | 286,718 | 290,961 | 861,662 |
| Production (MWh) | 243,187 | 275,945 | 281,004 | 800,136 |
| Utilisation Biodiesel/Bioethanol (%) 1) | 75.2 | 76.0 | 77.1 | 76.1 |
| Utilisation Biomethane (%) 1) | 49.1 | 55.8 | 56.8 | 53.9 |
| Investments in property, plant and equipment | 44.7 | 54.2 | 30.3 | 129.2 |
| Number of employees 2) | 1,337 | 1,376 | 1,367 | 1,367 |
Continued on next page
1) For the financial year 2023/2024 the annual production capacity of the production plants was as follows: biodiesel: 710,000 tonnes; bioethanol: 800,000 tonnes; biomethane: 1,980 GWh.
| Group key | Segment | Business report and | Consolidated profit | Consolidated | Consolidated state | Financial | ||
|---|---|---|---|---|---|---|---|---|
| figures | key figures | the Group's position | and loss account | balance sheet | ment of cash flows | calendar |
| Net asset position | 30.09.2023 | 31.12.2023 | 31.03.2024 |
|---|---|---|---|
| Net debt | – 10.1 | 13.6 | 55.0 |
| Equity | 945.8 | 929.0 | 916.4 |
| Equity ratio (%) | 72.6 | 69.3 | 68.4 |
| Balance sheet total | 1,303.2 | 1,340.9 | 1,339.3 |
| Financial position | Q1 2023/2024 | Q2 2023/2024 | Q3 2023/2024 | 9 M 2023/2024 |
|---|---|---|---|---|
| Operating cash flow | 19.3 | 34.1 | 15.5 | 68.9 |
| Operating cash flow per share (EUR) | 0.30 | 0.54 | 0.24 | 1.08 |
| Cash and cash equivalents 1) | 155.3 | 142.5 | 136.1 | 136.1 |
1) At the balance sheet date; includes amounts held in segregated accounts.
Segment key figures
[in EUR millions]
| Biodiesel | Q1 2024/2025 | Q2 2024/2025 | Q3 2024/2025 | 9 M 2024/2025 |
|---|---|---|---|---|
| Revenue | 197.1 | 242.5 | 210.3 | 649.8 |
| EBITDA | 15.4 | 36.6 | 16.8 | 68.8 |
| EBIT | 12.5 | 33.7 | 14.0 | 60.2 |
| Production (tonnes) | 161,833 | 164,245 | 133,026 | 459,104 |
| Utilisation (%) 1) | 91.2 | 92.5 | 74.9 | 86.2 |
| Number of employees 2) | 248 | 250 | 257 | 257 |
| Bioethanol/Biomethane | Q1 2024/2025 | Q2 2024/2025 | Q3 2024/2025 | 9 M 2024/2025 |
|---|---|---|---|---|
| Revenue | 157.5 | 146.9 | 181.5 | 486.0 |
| EBITDA | – 21.5 | – 15.3 | – 14.0 | – 50.9 |
| EBIT | – 32.4 | – 26.4 | – 26.6 | – 85.4 |
| Production (tonnes) | 140,029 | 134,318 | 145,667 | 420,015 |
| Production (MWh) | 271,203 | 288,482 | 305,649 | 865,334 |
| Utilisation Bioethanol (%) 1) | 70.0 | 67.2 | 72.8 | 70.0 |
| Utilisation Biomethane (%) 1) | 54.8 | 58.3 | 61.7 | 58.3 |
| Number of employees 2) | 765 | 723 | 697 | 697 |
| Other | Q1 2024/2025 | Q2 2024/2025 | Q3 2024/2025 | 9 M 2024/2025 |
|---|---|---|---|---|
| Revenue | 9.3 | 9.0 | 8.8 | 27.1 |
| EBITDA | – 0.4 | – 0.4 | 5.4 | 4.5 |
1) For the financial year 2024/2025 the annual production capacity of the production plants is as follows: biodiesel: 710,000 tonnes; bioethanol: 800,000 tonnes; biomethane: 1,980 GWh.
Segment key figures
[in EUR millions]
| Q1 2023/2024 | Q2 2023/2024 | Q3 2023/2024 | 9 M 2023/2024 |
|---|---|---|---|
| 322.8 | 250.1 | 217.8 | 790.7 |
| 44.9 | 29.3 | 11.4 | 85.6 |
| 42.2 | 26.3 | 8.6 | 77.1 |
| 161,291 | 160,553 | 161,274 | 483,118 |
| 90.9 | 90.5 | 90.9 | 90.7 |
| 220 | 221 | 230 | 230 |
| Q1 2023/2024 | Q2 2023/2024 | Q3 2023/2024 | 9 M 2023/2024 |
| Revenue | 162.0 | 166.5 | 188.1 | 516.6 |
|---|---|---|---|---|
| EBITDA | 3.0 | – 5.2 | – 5.2 | – 7.4 |
| EBIT | – 5.2 | – 13.7 | – 14.0 | – 32.9 |
| Production (tonnes) | 122,692 | 126,165 | 129,687 | 378,544 |
| Production (MWh) | 243,187 | 275,945 | 281,004 | 800,136 |
| Utilisation Bioethanol (%) 1) | 61.3 | 63.1 | 64.8 | 63.1 |
| Utilisation Biomethane (%) 1) | 49.1 | 55.8 | 56.8 | 53.9 |
| Number of employees 2) | 663 | 700 | 659 | 659 |
| Other | Q1 2023/2024 | Q2 2023/2024 | Q3 2023/2024 | 9 M 2023/2024 |
|---|---|---|---|---|
| Revenue | 7.3 | 7.8 | 8.2 | 23.3 |
| EBITDA | 0.9 | 2.0 | 1.1 | 4.0 |
1) For the financial year 2023/2024 the annual production capacity of the production plants was as follows: biodiesel: 710,000 tonnes; bioethanol: 800,000 tonnes; biomethane: 1,980 GWh.
Group key figures
Segment
key figures Business report and the Group's position Consolidated profit and loss account
Consolidated statement of cash flows Consolidated balance sheet
Financial calendar
Business report and the Group's position
The production volume of biodiesel and bioethanol in the period from July 1, 2024 to March 31, 2025 totalled 879,118 tonnes, compared with 861,662 tonnes in the same period in the previous year. The increase in production volumes is primarily due to efficiency improvements in Europe and the increase in available production capacity at the Group's South Bend Ethanol (SBE) plant. In addition, 865.3 GWh of biomethane were produced in the first nine months of the financial year 2024/2025 (9 M 2023/2024: 800.1 GWh). As a result, Verbio once again exceeded the previous year's production volumes for both biomethane and bioethanol, setting new production records.
Results of operations
Group revenues fell by 13 percent to EUR 1,146.5 million in the first nine months of the financial year compared to the same period in the previous year (9 M 2023/2024: EUR 1,318.1 million). The decline in revenues is primarily attributable to the biodiesel unit in Welland, Canada. In addition, the amounts reported for the comparative period for the previous year included sales from physically settled trading contracts that were subsequently corrected in the fourth quarter of the previous year.
Earnings before interest, taxes and depreciation and amortisation (EBITDA) for the nine month period were EUR 22.4 million (9 M 2023/2024: EUR 82.1 million). This was primarily due to the weak first quarter of 2024/2025 compared to the strong first quarter of 2023/2024.
The Group result before taxes and interest (EBIT) totalled EUR – 24.2 million (9 M 2023/2024: EUR 44.7 million). The net result for the period amounted to EUR – 40.5 million (9 M 2023/2024: EUR 11.7 million). Based on the result for the period, basic earnings per share were EUR – 0.64 (9 M 2023/2024: EUR 0.18).
Group revenues in the third quarter totalled EUR 394.9 million (Q3 2023/2024: EUR 409.2 million), 4 percent below the same period in the previous year. EBITDA increased by 13 percent and amounted to EUR 8.2 million (Q3 2023/2024: EUR 7.3 million).
Further information is presented in the detailed comments on the individual segments.
Net assets and financial position
Assets and liabilities
The balance sheet total at March 31, 2025 amounted to EUR 1,386.9 million, representing an increase of only EUR 9.1 million compared to June 30, 2024 (EUR 1,377.8 million).
On the assets side of the balance sheet, the major change of note was the increase in non-current assets. The increase in non-current assets (EUR 832.7 million; June 30, 2024: EUR 794.0 million) primarily reflects the ongoing high levels of investment activity in the current financial year. Offsetting this is a decline in current assets compared to June 30, 2024 of EUR 29.7 million, falling from EUR 583.8 million to EUR 554.2 million, primarily due to the lower level of cash balances (EUR 72.7 million; June 30, 2024: EUR 123.2 million), lower trade receivables (EUR 103.6 million; June 30, 2024: EUR 119.0 million) and lower current tax receivables (EUR 8.0 million, June 30, 2024: EUR 26.1 million). This is offset by an increase in inventories (EUR 290.4 million; June 30, 2024: EUR 244.9 million), in particular due to the increased inventories of GHG quotas. There was no further increase in inventories compared to December 31, 2024 (EUR 292.9 million).
Group key figures Segment key figures
Business report and the Group's position
The equity and liabilities side of the balance sheet includes equity of EUR 874.6 million (June 30, 2024: EUR 928.2 million), representing approximately 63.1 percent (June 30, 2024: 67.4 percent) of the balance sheet total. Non-current liabilities fell compared to the June 30, 2024 year end (March 31, 2025: EUR 216.1 million; June 30, 2024: EUR 234.5 million) due to a decline in other non-current liabilities. Within current liabilities, there has been an increase in loans in particular compared to June 30, 2024 (March 31, 2025: EUR 79.0 million; June 30, 2024: EUR 13.4 million), and an increase in liabilities for derivative financial instruments (EUR 19.1 million; June 30, 2024: EUR 9.5 million). As a result there has been an overall increase in current liabilities, from EUR 215.1 million at the June 30, 2024 year end to EUR 296.1 million.
Cash flows
The cash flows from operating activities in the first nine months of the financial year 2024/2025 were significantly lower than in the previous year, and amounted to EUR – 11.5 million (9 M 2023/2024: EUR 68.9 million). The decline compared to the previous year, with a lower result for the period, is primarily due to the significant effect on cash flows of the increase in inventories and the fall in current liabilities. In contrast, the operating cash flow in the first nine months of the previous financial year was affected by significantly higher tax payments (9 M 2024/2025: reimbursements of EUR 3.3 million; 9 M 2023/2024: payments of EUR 39.9 million).
Driven by cash outflows from investment activities in the first nine months of 2024/2025, the Group reports total cash outflows of EUR 84.3 million (9 M 2023/2024: EUR 135.9 million). In the current financial year, the investments primarily reflect payments made for investments in property, plant and equipment (EUR 96.3 million; 9 M 2023/2024: EUR 136.0 million), whereby a slowdown in investment activities has been recorded.
Consolidated balance sheet
Consolidated profit and loss account
The cash flow from financing activities totalled EUR 45.5 million (9 M 2023/2024: EUR 7.9 million). Of this, EUR 12.7 million resulted from the payment of the dividend for the previous financial year (9 M 2023/2024: EUR 12.7 million). Net cash inflows from drawdowns of financial liabilities in the current financial year totalled EUR 66.5 million (9 M 2023/2024: EUR 27.5 million). In both periods cash outflows also include payments for the redemption of lease liabilities (9 M 2024/2025: EUR 8.2 million; 9 M 2023/2024: EUR 7.0 million).
As a result of the above, cash and cash equivalents decreased by a total of EUR 50.5 million in the period from July 1, 2024 to March 31, 2025. Cash and cash equivalents reported in the balance sheet at March 31, 2025 amounted to EUR 72.7 million.
Net debt
The Group's bank and loan financing arrangements totalling EUR 232.5 million are offset by cash and cash equivalents and cash held in segregated accounts totalling EUR 78.5 million, so that the reported net debt at March 31, 2025 amounted to EUR 154.1 million (June 30, 2024: EUR 32.9 million).
Development of the Biodiesel, Bioethanol/ Biomethane and Other segments
Financial calendar
Consolidated statement of cash flows
The performance of the Biodiesel segment in the third quarter of 2024/2025 particularly reflects production and sales volumes in Welland, Canada, which were reduced as planned due to the difficult margin environment resulting from regulatory changes in the USA. Purchase and sales contracts that guarantee a gross margin have been in place again since March 2025. Total sales in the segment also fell slightly from EUR 217.8 million to EUR 210.3 million in the third quarter as a result. Nevertheless, Verbio was able to increase EBITDA in the segment, reaching EUR 16.8 million following EUR 11.4 million in the third quarter of 2023/2024.
In the Bioethanol/Biomethane segment, Verbio set new production records for bioethanol and biomethane in the third quarter of 2024/2025, underlining its increased performance. Despite an increase in production and sales volumes, revenue fell to EUR 181.5 million in Q3 2024/2025 from EUR 188.1 million in Q3 2023/2024, primarily due to revenue from physically settled trading contracts recognised in the previous year's third quarter, which was subsequently corrected in the fourth quarter of the previous year. The decrease in EBITDA of EUR 8.8 million compared to the same quarter of the previous year (EBITDA 2023/2024: EUR –5.2 million) is due in part to the biomethane and GHG quota business and a negative effect from the absence of a non-recurring positive contribution to earnings from commodity futures and changes in the value of financial assets in the same quarter of the previous year. The start-up costs of Verbio's growth projects remain the main driver of the negative result in the
Group key figures Segment key figures Business report and the Group's position Consolidated profit and loss account
Consolidated balance sheet
Consolidated statement of cash flows
Financial calendar
segment. Over the course of the year Verbio was able to increase the EBITDA result at Group level, with the effect that a total EBITDA of EUR –14.0 million is reported in the third quarter.
In the Other segment, Verbio generated revenues of EUR 8.8 million in the third quarter of 2024/2025 (Q3 2023/2024: EUR 8.2 million) from transport and logistics services. Together with the expenses and income from the Trading division, the reported segment EBITDA was EUR 5.4 million (Q3 2023/2024: EUR 1.1 million, excluding the Trading division). The result from commodity futures transactions totalled EUR 10.2 million.
Outlook, opportunity and risk report
Outlook report
On the publication of the annual report for the financial year 2023/2024 on September 26, 2024 an expected EBITDA in the range of EUR 120 million to EUR 160 million was communicated for the financial year 2024/2025, with net debt at the end of the financial year 2024/2025 forecast to not exceed EUR 190 million. A downward correction of this forecast was communicated in an ad hoc announcement on January 15, 2025. An EBITDA result in the mid-double-digit million range is now expected for the current financial year 2024/2025. The Management Board has indicated that the EBITDA is likely to be at the lower end of the given range. The expectation for net financial debt at the end of the financial year remains unchanged at an amount not exceeding EUR 190 million. The main reasons for the forecast adjustment were unforeseen technical quality problems at the Group's plant in Nevada/Iowa (USA), as well as the combination of contracted GHG quota prices that were lower than planned and the unexpectedly slow recovery of GHG quota prices. The Management Board is optimistic that the recovery in GHG quota prices will accelerate over the course of the year.
Risk and opportunity report
Detailed information on Verbio's risk management system, and on the Group's opportunities and risks, is presented in the risk and opportunity report included in the 2023/2024 annual report. There were no significant changes in the assessment of risks and opportunities in the reporting period. The potential impact of the political situation in the USA is being monitored on an ongoing basis. Please refer to the forecast report for information on the adjustment of the forecast that has already been made. At the current time there are no identifiable risks that could threaten the ability of Verbio and its subsidiaries to continue as a going concern.
Segment key figures Consolidated profit and loss account
Consolidated statement of cash flows Consolidated balance sheet
Financial calendar
Consolidated profit and loss account
for the period from July 1, 2024 to March 31, 2025
| EUR (thousands) | Q3 2024/2025 | Q3 2023/2024 | 9 M 2024/2025 | 9 M 2023/2024 |
|---|---|---|---|---|
| 1. Revenue |
394,874 | 409,240 | 1,146,459 | 1,318,124 |
| 2. Changes in inventories of finished goods and work in progress |
423 | – 22,396 | 29,904 | – 10,454 |
| 3. Own work capitalised |
1,655 | 1,303 | 4,327 | 4,537 |
| 4. Other operating income |
3,300 | 2,411 | 9,540 | 6,550 |
| 5. Raw materials and consumables used |
– 342,749 | – 321,640 | – 1,007,127 | – 1,067,609 |
| 6. Employee benefit expenses |
– 26,596 | – 25,949 | – 79,496 | – 78,500 |
| 7. Other operating expenses |
– 32,076 | – 29,875 | – 92,765 | – 80,588 |
| 8. Changes in the value of financial assets and liabilities |
– 1,134 | 2,211 | – 641 | – 291 |
| 9. Result from commodity forward contracts |
10,478 | – 8,051 | 12,243 | – 9,624 |
| 10. EBITDA | 8,174 | 7,254 | 22,444 | 82,145 |
| 11. Depreciation and amortisation |
– 16,503 | – 12,793 | – 46,687 | – 37,400 |
| 12. Operating result (EBIT) | – 8,329 | – 5,539 | – 24,243 | 44,745 |
| 13. Finance income |
158 | 184 | 756 | 504 |
| 14. Finance costs |
– 2,715 | – 3,343 | – 7,174 | – 8,305 |
| 15. Finance result | – 2,558 | – 3,159 | – 6,418 | – 7,801 |
| 16. Result before tax | – 10,886 | – 8,698 | – 30,661 | 36,944 |
| 17. Income tax expense |
– 3,186 | – 2,219 | – 9,811 | – 25,288 |
| 18. Net result for the period | – 14,072 | – 10,917 | – 40,472 | 11,656 |
| Result attributable to shareholders of the parent company | – 14,138 | – 11,162 | – 40,629 | 11,444 |
| Result attributable to non-controlling interests | 66 | 245 | 157 | 212 |
| Basic earnings per share (EUR) | – 0.22 | – 0.18 | – 0.64 | 0.18 |
| Diluted earnings per share (EUR) | – 0.22 | – 0.17 | – 0.64 | 0.18 |
Consolidated balance sheet
at March 31, 2025
| EUR (thousands) | 31.03.2025 | 30.06.2024 | |
|---|---|---|---|
| Assets | |||
| A. | Non-current assets | ||
| I. | Intangible assets | 1,565 | 1,302 |
| II. | Property, plant and equipment | 772,961 | 728,193 |
| III. | Right-of-use assets under leasing arrangements | 29,149 | 27,802 |
| IV. | Financial assets | 1,540 | 1,540 |
| V. | Other non-current assets | 26,457 | 34,120 |
| VI. | Deferred tax assets | 1,012 | 1,009 |
| Total non-current assets | 832,684 | 793,966 | |
| B. | Current assets | ||
| I. | Inventories | 290,420 | 244,872 |
| II. | Trade receivables | 103,591 | 119,014 |
| III. | Derivatives | 34,371 | 21,341 |
| IV. | Other current financial assets | 12,653 | 17,912 |
| V. | Current tax receivable | 7,973 | 26,089 |
| VI. | Other current assets | 32,478 | 31,375 |
| VII. | Cash and cash equivalents | 72,683 | 123,186 |
| Total current assets | 554,169 | 583,789 | |
| Total assets | 1,386,854 | 1,377,755 |
Group key figures Segment key figures Business report and the Group's position Consolidated profit and loss account
Consolidated statement of cash flows Financial calendar Consolidated balance sheet
| 1 ি |
|
|---|---|
| EUR (thousands) | 31.03.2025 | 30.06.2024 | |
|---|---|---|---|
| Equity and liabilities | |||
| A. | Equity | ||
| I. | Share capital | 63,716 | 63,638 |
| II. | Capital reserve | 505,026 | 503,482 |
| III. | Retained earnings | 294,533 | 347,862 |
| IV. | Reserve for cash flow hedges | 4,941 | 2,245 |
| V. | Translation reserve | 3,723 | 8,448 |
| Equity attributable to owners of the parent | 871,939 | 925,675 | |
| VI. | Non-controlling interests | 2,703 | 2,541 |
| Total equity | 874,642 | 928,216 |
B. Non-current liabilities
| Total non-current liabilities | 234,466 | ||
|---|---|---|---|
| VI. | Deferred tax liabilities | 4,869 | 8,142 |
| V. | Other non-current financial liabilities | 4,223 | 19,645 |
| IV. | Investment grants | 31,645 | 33,745 |
| III. | Non-current provisions | 288 | 187 |
| II. | Lease liabilities | 21,615 | 20,667 |
| I. | Borrowings | 153,508 | 152,080 |
Continued on next page
Group key figures Segment key figures Business report and the Group's position Consolidated profit and loss account
Consolidated statement of cash flows Financial calendar Consolidated balance sheet
| EUR (thousands) | 31.03.2025 | 30.06.2024 | |
|---|---|---|---|
| C. | Current liabilities | ||
| I. | Borrowings | 79,030 | 13,437 |
| II. | Lease liabilities | 8,512 | 8,012 |
| III. | Trade payables | 127,352 | 126,394 |
| IV. | Derivatives | 19,130 | 9,517 |
| V. | Other current financial liabilities | 40,208 | 43,216 |
| VI. | Current tax payable | 2,096 | 2,796 |
| VII. | Current provisions | 1,163 | 293 |
| VIII. | Investment grants | 2,359 | 2,454 |
| IX. | Other current liabilities | 16,212 | 8,954 |
| Total current liabilities | 296,063 | 215,073 | |
Total equity and liabilities 1,386,854 1,377,755
Consolidated statement of cash flows
for the period from July 1, 2024 to March 31, 2025
| EUR (thousands) | 9 M 2024/2025 | 9 M 2023/2024 |
|---|---|---|
| Net result for the period | – 40,472 | 11,656 |
| Income tax expense | 9,811 | 25,288 |
| Finance result | 6,418 | 7,801 |
| Depreciation and amortisation | 46,687 | 37,400 |
| Non-cash expenses for share-based remuneration | 1,157 | 1,338 |
| Non-cash income and expenses | – 430 | 3,129 |
| Gain on disposal of property, plant and equipment | 149 | – 21 |
| Release of investment grants | – 1,839 | – 583 |
| Non-cash changes in derivative financial instruments | 362 | 3,260 |
| Increase (previous year: decrease) in inventories | – 45,548 | 587 |
| Decrease (previous year: increase) in trade receivables | 3,925 | – 10,960 |
| Decrease in other assets and other current financial assets | 11,824 | 15,407 |
| Increase in provisions | 956 | 1,501 |
| Increase in trade payables | 7,846 | 14,199 |
| Decrease (previous year: increase) in other current financial and non-financial liabilities | – 10,680 | 4,256 |
| Interest paid | – 5,716 | – 5,974 |
| Interest received | 756 | 504 |
| Income taxes paid | 3,291 | – 39,888 |
| Cash flows from operating activities | – 11,502 | 68,900 |
Continued on next page
Group key figures Segment key figures Business report and the Group's position Consolidated profit and loss account
Consolidated statement of cash flows Consolidated balance sheet
Financial calendar
| EUR (thousands) | 9 M 2024/2025 | 9 M 2023/2024 |
|---|---|---|
| Acquisition of intangible assets | – 703 | – 627 |
| Acquisition of property, plant and equipment | – 96,282 | – 135,960 |
| Proceeds from sale of property, plant and equipment | 1,150 | 650 |
| Proceeds from investment grants | 11,491 | 0 |
| Cash flows from investing activities | – 84,345 | – 135,937 |
| Dividends paid | – 12,728 | – 12,703 |
| Repayment of borrowings | – 90,500 | – 127,500 |
| Proceeds from borrowings | 156,975 | 155,016 |
| Repayment of lease liabilities | – 8,242 | – 6,963 |
| Cash flows from financing activities | 45,505 | 7,850 |
| Net change in cash funds | – 50,342 | – 59,187 |
| Changes in cash funds from exchange rate movements | – 161 | 40 |
| Cash funds at the beginning of the period | 123,186 | 170,306 |
| Cash funds at the end of the period | 72,683 | 111,159 |
Group key figures Segment key figures Consolidated profit and loss account
Consolidated statement of cash flows Consolidated balance sheet
Financial calendar
Financial calendar
| September 25, 2025 | Annual report 2024/2025 for the year ended June 30, 2025 (FY 2024/2025) Financial statement press and analysts' conference |
|---|---|
| November 12, 2025 | Quarterly statement for the period ended September 30, 2025 (Q1 2025/2026) |
| December 5, 2025 | Annual general meeting of Verbio SE (In-person event) |
| February 12, 2026 | Half-year financial report for the period ended December 31, 2025 (1 HY 2025/2026) |
| May 13, 2026 | Quarterly statement for the period ended March 31, 2026 (Q3 2025/2026) |
| September 24, 2026 | Annual report 2025/2026 for the year ended June 30, 2026 (FY 2025/2026) Financial statement press and analysts' conference |
Forward-looking statements
This quarterly statement includes various statements concerning forecasts, expectations and information that relate to the future development of the Verbio Group and Verbio SE. These statements are based on assumptions and estimates and may be associated with known and unknown risks and uncertainties. Actual developments and results, as well as the financial and asset position, may therefore differ significantly from the expressed expectations and assumptions. Such differences may be due, among other things, to market fluctuations, changes in worldwide market prices for raw materials as well as financial markets and exchange rates, changes in national and international laws and regulations, or fundamental changes in the economic and political climate. Verbio does not intend to and does not undertake an obligation to update or revise any forward-looking statements to adapt them to events or developments after the publication of this quarterly statement.
This quarterly statement is published in German (original version) and in English (non-binding translation). It is available for download in both languages on the internet at https://www.verbio.de.
Further information about Verbio SE is available on request. Telephone: +49 341 308530-0 Email: [email protected]
Imprint
Publisher/editor Verbio SE
Contact
Verbio SE Ritterstraße 23 (Oelßner's Hof) 04109 Leipzig Telephone: +49 341 308530-0 www.verbio.de