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Anaergia Inc.
5/13/2026
Ladies and gentlemen, thank you for joining us and welcome to the Energia first quarter 2026 conference call and webcast. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please raise your hand. If you have dialed in to today's call, please press star nine to raise your hand and star six to unmute. I will now hand the conference over to Darlene Webb, Investor Relations. Please go ahead.
Thank you very much, operator. And good morning, everyone. On today's call, we'll be discussing Energia's earnings for the first quarter of 2026, which ended March 31st, 2026. If you're following along with our slide deck, which is available here or on our live streaming webcast, or you can also access it directly from the investor section of our website, my comments relate specifically to slides one through three. On slide two, you'll see that on today's call, I am joined by Mr. Asaf Ahn, Energia's Chief Executive Officer, Mr. Greg Wolf, Energia's Chief Financial Officer, and Dr. Yaniv Sherson, Energia's Chief Operating Officer. Before beginning our formal remarks, we would like to refer you to slide three of the presentation, which contains a caution on forward-looking information and a note on the use of non-GAAP measures. Listeners are reminded, as always, that today's discussion may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in these forward-looking statements. Energia does not undertake to update any forward-looking statements except as may be required by applicable laws. Listeners are urged to review the full discussion of risk factors in the company's prospectus that is filed with the Canadian securities regulators. You may now move on to slide four. And with that, I'll turn the call over to Asaf.
Thank you, Darlene. Good morning, everyone. Thank you for joining us. We are now on slide five. I want to start with where Energia stands at the close of the first quarter. Almost two years ago, we shifted the company to a capital-light business model. The model is built on a clear set of execution pillars, a focus on capital sales, a stronger balance sheet, operational efficiency, strategic partnerships, and geographic expansions. In the first quarter of 2026, every one of those pillars is delivering. We are now on slide six. Total revenue grew 122% year over year. Gross profit grew 135%. Adjusted EBITDA was positive for the third consecutive quarter. and revenue backlog stood at $265 million. Greg, we walked you through the financial detail. Two items in Q1 marked important milestones for the company. We are now on slide seven. First, we entered the hydro-treated vegetable oil market, a new vertical for Energia, HVO, is renewable diesel made from waste, oils, and fats, and the potential is significant. Second, our SoCal biomethane facility was approved as the first project to deliver under California SB 1440, the state long-term regulated procurement program. Yaniv will take you through both of these developments along with the rest of the operation. The broader environment is moving in our favor. We are now on slide eight. Demand for renewable natural gas is expanding across our key geographies as energy security becomes a dominant policy theme in Europe, North America, and Asia. That demand is coming from large private investors corporate developers and utilities in our largest markets and regulators are reinforcing it with long-term program. Next slide. What set Energia apart is our depth of intellectual property and experience hundreds of active and pending patents and hundreds of reference facilities across 18 countries. Capitalite, IP-rich, backed by long-term demand. That is Energia today. After Greg and Yaniv has completed their sections, I will return to discuss what comes next. Greg, over to you.
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