Canada's Anaergia Q1 revenue jumps on higher project activity in Europe and North America

ReutersMay 12, 2026 9:42 PM

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Overview

Canada waste-to-value firm's Q1 revenue rose 122% yr/yr
Adjusted EBITDA for Q1 missed analyst expectations, but remained positive for third straight quarter
Revenue growth driven by higher project activity in Europe and North America

Outlook

Anaergia says growing revenue backlog supports continued disciplined project execution
Company focuses on converting backlog into profitable revenue over project timelines
Anaergia says new credit facility strengthens financial flexibility for ongoing execution

Result Drivers

CAPITAL SALES EXECUTION - Higher capital sales project execution in Europe and North America drove revenue growth and improved gross profit
GROSS MARGIN EXPANSION - Improved performance in the Capital Sales segment contributed to higher gross profit margin
CONTRACT AWARDS - Over C$54 mln in new contract awards signed, increasing revenue backlog to C$265 mln

Company press release: ID:nBw5LrDRha

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	C$55.20 mln	C$45.40 mln (2 Analysts)
Q1 Adjusted EBITDA	Miss	C$1.10 mln	C$1.60 mln (3 Analysts)
Q1 Gross Profit		C$12.70 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Anaergia Inc is C$5.06, about 53.7% above its May 12 closing price of C$3.29

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

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