Earnings release
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0 Watera® PRESS RELEASE H1 2026 results Chartres , 30 September 2026 - WATERA , a leading provider of industrial and municipal water treatment solutions , as well as solar - powered seawater and brackish water desalination solutions , today announces its results for the six months ended 30 June 20261 . Orfeas Mavrikios , Chairman and CEO of WATERA , said : " Our results for the first half reflect our sustained efforts since the second half of 2025 to reduce costs and gradually improve operational efficiency . The completion of the merger with Watera International approved by the shareholders in mid - September is a major step forward that will act as a springboard for the Group , soon allowing us to change scale , strengthen our financial structure and improve our organisational transparency . In a water treatment market buoyed by strong structural trends , we are confident in our ability to accelerate our development through organic and external growth alongside the management team now in place . " P & L analysis ( € 000 ) H1 2025 Chg . H2 2025 H1 2026 H1 26 / H1 25 Revenues² 616 1,193 1,004 +386 EBITDA³ ( 1,246 ) ( 760 ) ( 656 ) +590 Operating income ( 1,401 ) ( 913 ) ( 766 ) +635 Net income ( 1,460 ) ( 708 ) ( 775 ) +685 First half 2026 revenues amounted to € 1.0 million , up € 386,000 or 63.1 % versus H1 2025. The increase reflects the initial effects of the merger with Watera International , namely reorganisation , improved team efficiency , strengthened competitiveness of the desalination project offering and the shift towards more standardised , higher - margin equipment . All of the company's projects now benefit from the price competitiveness of products from the Group's catalogue , for all or part of the supplies required for these projects , thereby making a significant contribution to the revenue generated during the first half of the year . 1 The first half financial statements were approved by the Board of Directors on 30 September 2026. The 2026 half - year financial report will be published today on the Company's website . 2 The Company uses the percentage - of - completion method to recognise revenues from turnkey projects specifically negotiated under contract . Income from the sale of standardised equipment and spare parts is recognised upon transfer of ownership . 3 EBITDA is a measure of operating performance defined as operating income restated for net depreciation and amortisation of intangible assets and property , plant and equipment and provision charges . WATERAⓇ