Business Update Q1 2026
09.04.2026
Strong growth in first quarter, acceleration ahead
GHENT – EnergyVision has started the first quarter of 2026 with substantial growth: revenue increased by 60% compared to the first quarter of 2025, rising from €26.1 million to €41.8 million. Importantly, the most significant achievements of Q1 2026 are not yet reflected in these figures: the actual launch in Wallonia and a strong influx of new customers driven by the geopolitical crisis. These developments will further support the growth of our energy supply activities throughout the remainder of 2026.
Key highlights:
- Record in-house energy production in the first quarter, supported in part by the integration of wind energy into the portfolio. Compared to Q1 2025, the Asset-Based Energy segment (own energy production) achieved growth of 190%.
- The strongest first quarter ever within Asset-Based Mobility (EV charging infrastructure), with growth of 61% compared to Q1 2025, driven by an increase in the number of charging points, higher utilization per charging point, and revenue optimization.
- Growth of 96% in the Non-Asset-Based Energy segment (energy supply) compared to Q1 2025. In addition, a record increase of more than 39,000 new connection points was achieved in March, which will effectively start consuming from Q2 onwards. A Walloon group purchasing agreement was also secured, representing at least 15,000 additional connection points from June 1.
- At the end of March, more than 18,000 new connections were processed within two days, highlighting the scalability of the systems and the robustness of the business model in a volatile market environment.
- Despite strong inflows, customer satisfaction remains high: the Net Promoter Score stood at 40 as of March 31, and the Trustpilot score of 4.7 remains the highest in the Belgian energy sector.
- EPC activities remain under pressure, as expected (a decline of 48% compared to Q1 2025), although a prolonged geopolitical crisis could also have a positive impact in this segment.
- The outlook for 2026 REBITDA growth of at least 30% compared to 2025 is reaffirmed. By early June, greater visibility is expected on the effective customer and asset portfolio for the remainder of the year, at which point the medium-term targets (revenue, assets, and REBITDA tripling) are expected to be revised upward.
