Earnings call transcript: Verbio lifts q1 2026 outlook after EBITDA surge

Verbio SE announced a stronger-than-expected first-quarter 2026/2027 results, with EBITDA rising sharply and cash flow turning positive. The German renewable fuels producer reported EBITDA of EUR 76.1 million, up 394% year-over-year, driven by improved margins in biodiesel and bioethanol production. Operating cash flow turned positive at EUR 34.1 million, and free cash flow improved to EUR 13.5 million.

Net debt fell to EUR 83.1 million. Management attributed the success to better feedstock sourcing, favorable margins, and tightened supply conditions. Biodiesel was the main driver of profitability, with EBITDA increasing to EUR 51 million. Bioethanol and biomethane earnings declined sequentially. The company raised its full-year EBITDA outlook to EUR 210 million to EUR 250 million, citing strong first-quarter performance and sustained biodiesel margins.

Despite the positive results, bioethanol and biomethane EBITDA fell due to a weaker fourth quarter, as the prior quarter included a valuation effect in biomethane. The stock fell 1.25% in pre-market trading to $329.97.