Anaergia Inc. Issues Letter to Shareholders From the Chief Executive Officer

Executive Summary

• Q3 2025 results show a 77% YoY revenue increase to $‑ (not disclosed) and a 146% rise in gross profit, returning the company to positive Adjusted EBITDA.
• Revenue backlog grew to $287 million from $103 million at the start of the year, indicating strong demand for Anaergia’s RNG and waste‑to‑value solutions.
• CEO Assaf Onn outlines a 2026 strategy focused on high‑margin capital sales, expanding recurring service revenue, and disciplined cost management to sustain profitability and shareholder value.

Key Details

• Revenue Growth: +77% YoY in Q3 2025 versus the same quarter last year.
• Gross Profit Expansion: +146% YoY in Q3 2025.
• Adjusted EBITDA: Returned to positive levels in Q3 2025 (specific amount not disclosed).
• Revenue Backlog: Increased to $287 million, up from $103 million at the beginning of 2025.
• Business Model Shift: Emphasis on a capital‑light model centered on technology sales, engineering services, and strict cost discipline.
• Geographic Reach: Continued project awards and technology deployments in Italy, North America, Europe, and Asia; over 230 reference facilities across 18+ countries.
• Intellectual Property: Portfolio of >300 patents supporting the company’s renewable natural gas (RNG) and waste‑to‑value solutions.
• Strategic Focus for 2026:
• Execute high‑margin capital equipment sales.
• Grow recurring service revenue streams.
• Maintain strict financial discipline to enhance margins and shareholder value.

Notable Quotes

“Our third quarter of 2025, with consistent quarter‑over‑quarter improvements, marked a pivotal milestone: a 77% year‑over‑year increase in revenue… and a return to positive Adjusted EBITDA.” – Assaf Onn, CEO, Anaergia Inc.

“With improved margins, and a growing order book, Anaergia is positioned to generate sustainable value for shareholders while driving measurable environmental impact.” – Assaf Onn