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EnviTec Shareholders Back Dividend Freeze for Biomethane Expansion
EnviTec Biogas shareholders approved a dividend suspension for 2025, freeing cash for a EUR 100M biomethane conversion. Management expects growth in 2027.
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EnviTec Biogas AG shareholders approved a full dividend suspension for fiscal 2025 at the company's virtual annual general meeting on Friday, backing management's plan to redirect cash into a roughly EUR 100 million investment program that converts biogas plants to biomethane production by 2031.
Consolidated profit declined in 2025 even as total output rose. Germany's abolition of double counting for greenhouse gas quota credits and a weak first half in Plant Construction drove the drop. First-quarter 2026 earnings before taxes came in at EUR 4.1 million, roughly half the EUR 8.5 million reported a year earlier. Total output edged up to EUR 92.4 million from EUR 85.3 million in the same period.
CFO Jörg Fischer said the company's business model had been reinforced by recent investments, even as regulatory burdens weighed on near-term earnings. "Suspending the dividend gives us the financial flexibility required to rigorously advance the further development of our company across all markets and segments," he said.
The investment plan running from 2026 through 2029 targets both the conversion of existing Renewable Energy Act plants for continued operation under new remuneration rules and the shift of additional Own Plant Operation facilities from electricity generation to gas upgrading. EnviTec recently secured EEG follow-up subsidies for roughly 16 MW of electrical output, locking in 12 more years of support for existing installations and up to 20 years for new plants.