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Eviso
Earnings Release • Aug 27, 2025
4341_rns_2025-08-27_161aa215-b06c-451c-8e11-03ec989744c7.pdf
Earnings Release
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| Informazione Regolamentata n. 20205-45-2025 |
Data/Ora Inizio Diffusione 27 Agosto 2025 13:03:48 |
Euronext Growth Milan | |
|---|---|---|---|
| Societa' | : | EVISO | |
| Identificativo Informazione Regolamentata |
: | 209438 | |
| Utenza - referente | : | EVISONSS01 - - | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 27 Agosto 2025 13:03:48 | |
| Data/Ora Inizio Diffusione | : | 27 Agosto 2025 13:03:47 | |
| Oggetto | : | UNAUDITED PRELIMINARY RESULTS FOR THE PERIOD JULY 2024 – JUNE 2025 |
|
| Testo del comunicato |
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Press Release
EVISO: UNAUDITED PRELIMINARY RESULTS FOR THE PERIOD JULY 2024 – JUNE 2025
HIGHEST-EVER REVENUES AT € 315.4 MILLION, UP 41% YoY
- Total energy electricity and gas equal to 1,263 GWh1 , +31% YoY • Electricity supplied equal to 1,152 GWh, +26% YoY
- Gas supplied equal to 110 GWh (10.3 Mscm), +123% YoY
- Preliminary gross margin between € 19.0 million and € 19.8 million (+6%/10% YoY)
- Net Financial Position (cash positive) of € 9.2 million, compared to a NFP (cash positive) of € 9.8 million as of March 31, 2025, and a NFP (cash positive) of € 11.5 million as of June 30, 2024
Saluzzo (CN), 27 August 2025 – The Board of Directors of eVISO S.p.A. (symbol: EVISO) – COMMOD-TECH company, listed on the EGM, with a proprietary artificial intelligence infrastructure that operates in the raw materials sector (electricity, gas, apples) – met today and examined the preliminary results relating to the period July 2023 – June 2024, not subject to legal audit.
eVISO achieved its all-time revenue record, reaching € 315.4 million, a 41% increase from € 224.3 million the previous year. This record was achieved thanks to increased volumes across all channels served and a slight increase in energy prices.
Overall, the volume of "total energy" (the sum of electricity and gas delivered in GWh) reached 1,263 GWh1 , up 31% compared to the same period of the previous year. Specifically, volumes delivered grew across all channels and raw materials: electricity reached 1,152 GWh (+26%) and gas delivered stood at 110,3 GWh (equivalent to 10.3 million standard cubic meters), up 123% compared to the 49,5 GWh of the previous year. The expansion of the direct channel led to an increase in total collection points (electricity and gas) to 32,000, up 30% from 24,000 in the previous year, with electricity and gas volumes up 38% to 475 GWh. The reseller channel, with total electricity and gas volumes up 28% to 788 GWh, saw a 9% decrease in total collection points (electricity and gas), down to 163,000, as a result of the portfolio's focus on higher value-added customers.
The results contributed to generate a Gross Margin of between € 19.0 million and € 19.8 million, up between 6% and 10% compared to the period July 2023 – June 2024.
Gianfranco Sorasio, CEO of eVISO, commented: "eVISO has a platform business model that guarantees the ability to scale volumes across multiple commodities. Proof of this model's effectiveness is the fact that in the past twelve months, eVISO has grown 123% in gas and 23% in electricity. Gas raw material currently represents over a fifth of the total energy (electricity and gas) delivered to the direct channel,
S.p.A. Corso Luigi Einaudi, 3, ▪ 12037 Saluzzo (CN) ▪ T 017544648 ▪ [email protected] ▪ www.eviso.ai Codice Fiscale P. IVA: 0346 8380 047 ▪ Cap.soc: 369.924,39 euro i.v. TICKER BORSA ITALIANA: EVISO ▪ CODICE ISIN: IT0005430936
1 Value calculated as the sum of the electricity delivered and the gas supplied, the latter converted into GWh according to the standard formula defined by ARERA.
a clear demonstration of the structural capacity to aggressively scale across multiple segments. The current strategy is to combine the commercial dynamic of selling gas to new direct customers with the cross-selling of gas to thousands of existing eVISO customers, with an upside that we expect will materially impact on the numbers for the next semesters. The strategic focus on direct customers is visible both in the launch in early 2025 of CORTEX GAS, the digital platform that extends the logistics capacity to manage tens of thousands of transactions to gas, and in the 10X acceleration of the retail and agency channel communicated to the market in recent months. eVISO's strategy is to grow strongly on the highest-margin direct sales channels with distinctive products and services based on our proprietary digital platform".
Lucia Fracassi, General Manager of eVISO, commented: "In twelve months, eVISO has achieved all-time highs across all volumes disbursed. Revenues exceeded €315 million, up 41% from €224 million the previous year, 12% of which was due to the increased cost of energy (electricity and gas). We are pleased with the growth in volumes across all energy lines, particularly gas, which posted record results with a 123% increase. The reseller channel saw a 28% increase in volumes, accompanied by a reduction in the number of collection points due to the focus on higher value-added customers. To execute its growth strategy through direct channels, the company has significantly strengthened its sales structure by expanding its operations into new areas of Piedmont and Liguria, as well as expanding its agency and retail channel structure. I am confident that the operating leverage built over the past 12 months is crucial to the company's growth ambitions".
KPIs BY BUSINESS SEGMENT FOR THE PERIOD JULY 2024 – JUNE 2025
ELECTRICITY
Total electricity supplied amounted to 1,152 GWh, up 26% compared to the 913 GWh in the period July 2023 – June 2024, of which 784 GWh related to the reseller channel (up 27% compared to the 617 GWh in the period July 2023 – June 2024) and 369 GWh to the direct channel (up 25% compared to the 296 GWh in the period July 2023 – June 2024). The increase in energy supplied was positively influenced by the strengthening of eVISO's commercial network.
The collection points (POD) recorded a slight reduction of 7% (compared to the 200,816 PODs managed in the period July 2023 – June 2024) reaching 187,619, of which 26 thousand direct (+24% YoY) and 162 thousand (-10%) managed by the 109 resellers associated with eVISO. The number of resellers represents a share of approximately 15% of the total free market sales operators registered in Italy (748) in the List of Electricity Sellers (EVE) drawn up by the Ministry of the Environment and Energy Security updated as of 30.06.2025. Furthermore, the total number of PODs includes a share of retail customers (1,341 PODs) more than 23 times higher than the 56 collection points in the period July 2023 – June 2024, in line with the company strategy to penetrate this segment as well.
GAS
Total gas delivered stood at 110.3 GWh (equivalent to 10.3 million scm - standard cubic meters), up 123% compared to the 49.5 GWh in the period July 2023 – June 2024 (4.6 million scm). Direct sales again accounted for the largest share of this year's market, accounting for 106.1 GWh.
S.p.A.
Corso Luigi Einaudi, 3, ▪ 12037 Saluzzo (CN) ▪ T 017544648 ▪ [email protected] ▪ www.eviso.ai Codice Fiscale P. IVA: 0346 8380 047 ▪ Cap.soc: 369.924,39 euro i.v. TICKER BORSA ITALIANA: EVISO ▪ CODICE ISIN: IT0005430936
The total collection points (PDR) are equal to 7,215 and recorded an increase of +108% compared to the 3,466 PDRs managed in the period July 2023 – June 2024, of which 5,655 are aimed at the direct channel and 1,560 are related to the reseller channel.
ANCILLARY SERVICES
The ancillary procedures subject to invoicing were approximately 24,000 compared to the approximately 50,000 ancillary procedures provided in the period from July 2023 – June 2024. The change in procedures addressed to the reseller channel (from 46,493 in the previous financial year to 26,254 in the current period) is attributable to the ARERA resolution, introduced on 1st December 2023, which regulated that the most frequent ancillary procedures must be managed independently by the reseller (commercial counterparty), thus excluding the possibility of them being carried out by the wholesaler.
FRESH APPLES
In the period July 2024 – June 2025, 1,519 tons of fresh and processing apples were delivered (+1,096% YoY). Revenue stood at € 0.5 million (+276% YoY).
On October 14, 2024, eVISO signed an agreement with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to expand the Smartmele project globally, starting with the Gulf countries. Furthermore, as part of this agreement, Smartmele Fruits Trading L.L.C., a company wholly owned by eVISO and headquartered in Dubai, was established in early March 2025.
***
NET FINANCIAL POSITION
The Net Financial Position is positive (cash) by € 9.2 million, compared to a positive Net Financial Position of approximately € 9.8 million (cash) as of March 31, 2025 and positive by € 11.5 million (cash) as of June 30, 2024.
Below are the main factors that generated and absorbed cash from June 30, 2024 to June 30, 2025:
-
reduction in customer security deposits (€ -1.7 million);
-
buyback (€ -2.9 million);
- investment in owned property (€ -0.5 million);
- liquidity allocation for treasury management (€ -0.5 million);
- positive VAT effect of € 1 million.
Below is a graph showing the composition of the Net Financial Position and its evolution2 :
2 In the graph, the "NFP + Securities" line highlights the adjustment to the Net Financial Position taking into account Securities, which are not included in the NFP calculation according to Italian accounting principles. To calculate this value, treasury shares and other non-material options were added to the NFP for the period.
S.p.A.
Corso Luigi Einaudi, 3, ▪ 12037 Saluzzo (CN) ▪ T 017544648 ▪ [email protected] ▪ www.eviso.ai Codice Fiscale P. IVA: 0346 8380 047 ▪ Cap.soc: 369.924,39 euro i.v. TICKER BORSA ITALIANA: EVISO ▪ CODICE ISIN: IT0005430936
Chart illustrating the composition of the Net Financial Position from FY 2020-21 to FY 2024-25, highlighting the debt and liquidity components and the performance of the NFP and "NFP + Securities". The securities item includes the value of the 1,135,228 treasury shares held as of June 30, 2025; of these, the 500,000 shares of the stock option plan are conservatively valued at the exercise price (€ 4.00) and the remaining 635,228 shares at the market value as of June 30, 2025 (€ 10.64). In previous years, the market value as of June 30 of each year was considered.
TICKER BORSA ITALIANA: EVISO ▪ CODICE ISIN: IT0005430936
Below is a table summarizing the main KPIs for the period July 2024 - June 2025.
| Main economic-financial data | |||
|---|---|---|---|
| €/M | FY 2024-2025 | FY 2023-2024 | var. % |
| Revenues | 315.4 | 224.3 | 41% |
| Gross Margin | 19.0-19.8 | 18.0 | 6%-10% |
| Net Financial Position (Cash positive) | 9.2 | 11.5 | - |
| Main operational data | |||
|---|---|---|---|
| FY 2024-2025 | FY 2023-2024 | var. % | |
| Collection points (POD) | 187,619 | 200,816 | -7% |
| TOTAL DIRECT PODs | 25,993 | 21,025 | 24% |
| sales network channel | 23,678 | 20,614 | 15% |
| agency channel | 974 | 355 | 175% |
| retail channel | 1,341 | 56 | n.a. |
| TOTAL RESELLER PODs | 161,626 | 179,791 | -10% |
| Collection points (PDR) | 7,215 | 3,466 | 108% |
| TOTAL DIRECT PDRs | 5,655 | 3,355 | 69% |
| sales network channel | 4,594 | 3,230 | 42% |
| agency channel | 366 | 104 | 252% |
| retail channel | 695 | 21 | n.a. |
| TOTAL RESELLER PDRs | 1,560 | 111 | 1305% |
| AVERAGE INDEX (€/MWh) | 115 | 102 | 12% |
| Total Energy (GWh) | 1,263 | 962 | 31% |
| Total Energy direct channel (GWh) | 475 | 345 | 38% |
| sales network channel (GWh) | 439 | 327 | 34% |
| agency channel (GWh) | 32 | 18 | 81% |
| retail channel (GWh) | 3 | 0 | n.a. |
| Total Energy reseller channel (GWh) | 788 | 617 | 28% |
| Total Electricity delivered (GWh) | 1,152 | 913 | 26% |
| Electricity Direct Channel (GWh) | 369 | 296 | 25% |
| sales network channel (GWh) | 341 | 280 | 22% |
| agency channel (GWh) | 27 | 16 | 72% |
| retail channel (GWh) | 1 | 0 | n.a. |
| Electricity reseller channel (GWh) | 784 | 617 | 27% |
| Total gas Delivered (Mscm) | 10.3 | 4.6 | 123% |
| Gas direct channel (Mscm) | 9.9 | 4.6 | 117% |
| sales network channel (Mscm) | 9.2 | 4.4 | 112% |
| agency channel (Mscm) | 0.5 | 0.2 | 139% |
| retail channel (Mscm) | 0.2 | 0.0 | n.a. |
| Gas reseller channel (Mscm) | 0.4 | 0.1 | 676% |
| No. Ancillary Practices | 24,284 | 50,465 | -52% |
| No. Electricity Practices | 3,255 | 3,506 | -7% |
| No. Gas Practices | 771 | 466 | 65% |
| No. Reseller Practices | 26,254 | 46,493 | -44% |
| Tons of Apples Delivered | 1,519 | 127 | 1096% |
| SmartMele revenues (€/M) | 0.5 | 0.1 | 276% |
S.p.A. Corso Luigi Einaudi, 3, ▪ 12037 Saluzzo (CN) ▪ T 017544648 ▪ [email protected] ▪ www.eviso.ai Codice Fiscale P. IVA: 0346 8380 047 ▪ Cap.soc: 369.924,39 euro i.v. TICKER BORSA ITALIANA: EVISO ▪ CODICE ISIN: IT0005430936
***
This press release is available in the Investor Relations section of the website www.eviso.ai. For the transmission of Regulated Information, the Company uses the EMARKET available at , managed by Teleborsa S.r.l. - with headquarters Piazza di Priscilla, 4 - Rome - following the authorization and CONSOB resolutions n. 22517 and 22518 of 23 November 2022.
About eVISO
eVISO is a COMMOD-TECH that has developed an artificial intelligence platform that creates value in the raw materials market, currently 3: power, gas and fresh apples. In the power segment, eVISO provides power-tech services (technology and electricity) in Italy along the entire value chain: through the direct channel (B2B and B2C), to other operators in the electricity market (B2B2C) and also upstream to producers of renewable energy throughout the Italian territory. In the direct channel, eVISO serves approximately 20,000 users: small and medium enterprises (SMEs), farms, shops and restaurants in Low Voltage and Medium Voltage. In the indirect channel (B2B2C), eVISO serves over 100 competitors and almost 400,000 users throughout Italy. For info: https://www.eviso.ai/
Contacts: Euronext Growth Advisor Investor Relations eVISO EnVent Italia SIM S.p.A. [email protected] [email protected] Tel: +39 0175 44648 Tel: +39 02 22175979
Investor Relations Media Relations CDR Communication SRL CDR Communication SRL Vincenza Colucci Martina Zuccherini Tel. +39 335 6909547 Tel. +39 339 4345708 Marta Alocci [email protected] Tel. +39 327 7049526
Federica Berardi Via degli Omenoni 2 – Milano, 20121
[email protected] [email protected]
Corso Luigi Einaudi, 3, ▪ 12037 Saluzzo (CN) ▪ T 017544648 ▪ [email protected] ▪ www.eviso.ai Codice Fiscale P. IVA: 0346 8380 047 ▪ Cap.soc: 369.924,39 euro i.v. TICKER BORSA ITALIANA: EVISO ▪ CODICE ISIN: IT0005430936