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, demonstrating growth despite ongoing market volatility. The company achieved an operational turnaround with adjusted EBITDA reaching EUR 1.1 million, driven by strict cost discipline, improved product and project mix, and the resumption of operations at a recycling plant that had been shut down for maintenance until August.
The company's strategic restructuring included streamlining its organizational structure and withdrawing from Latin America operations. The deconsolidation of the Brazilian subsidiary resulted in a positive one-time effect of EUR 1.1 million, bringing total EBITDA for Q3 2025 to EUR 2.2 million compared to EUR 2.3 million in Q3 2024. CEO Simon Reckla stated that these results confirm the company's strategic direction, emphasizing that structural streamlining, strict cost management, and strengthening profitable business areas enabled the operational turnaround.
For the first nine months of 2025, Wolftank achieved consolidated sales of EUR 90.7 million, slightly above the EUR 89.8 million recorded in the same period last year. The performance was influenced by a challenging first half-year, including recycling plant downtime and customer-side caution. 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 showed strong growth with sales increasing by 45.6% to EUR 18.2 million, driven by rising demand for emission-free infrastructure solutions.
Adjusted EBITDA for the first nine months reached EUR 1.0 million, with adjusted EBIT at EUR -2.9 million. These figures include adjustments for a EUR 2.5 million provision related to a first-instance ruling for customer compensation in Italy and the Latin America deconsolidation effect. Excluding these one-time items, EBITDA would have been EUR -0.5 million compared to EUR 7.0 million in the previous year, while EBIT would have been EUR -4.3 million versus EUR 2.3 million in 2024.
The company maintains a strong order backlog of EUR 150 million, which provides the foundation for achieving strategic objectives and implementing the recently presented GreenLead 2030 strategy. Wolftank is focusing on developing new growth areas aligned with its core competencies, including innovative solutions for battery recycling, PFAS decontamination, and automated tank remediation. Additional information about the company's environmental technology offerings can be found at https://www.wolftankgroup.com.
Wolftank confirms its 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. This performance is significant for the environmental technology sector as it demonstrates how companies can achieve operational improvements through strategic restructuring while capitalizing on growing demand for sustainable infrastructure solutions, particularly in hydrogen and renewable energy markets.
