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Anaergia Inc.
8/11/2026
Hello, everyone. Thank you for joining us and welcome to the Energia second 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 press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Darlene Webb with Investor Relations. Darlene, 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 second quarter of 2026, which ended June 30, 2026. I am joined this morning by Mr. Assaf Onn, Energia's Chief Executive Officer. Mr. Greg Wolf, Energia's Chief Financial Officer, and Dr. Yaniv Scherson, Energia's Chief Operating Officer. Before beginning our formal remarks, we would like to caution listeners regarding forward-looking information and note the company's 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 view the full discussion of risk factors in the company's prospectus filed with Canadian securities regulators. And with that, I will turn the call over to Assaf.
Thank you, Darlene. Good morning, everyone. It's good to be back here with you. The trajectory I described three months ago continues. Every pillar of the business is delivering. Revenue grew 98% year over year to $63.9 million. Gross profit grew 38% year over year. Adjusted EBITDA was positive for the fourth quarter in a row. Revenue backlog stands at $275 million, up from $257 million at year end. I am pleased with these Q2 results. And I'm also as clear on where the work still lies ahead. Continuing to convert our revenue backlog into revenue, continuing to ramp our platform assets to their full potential, and continuing to run Energia with the operational discipline that defined my approach. Greg, we'll walk you through the financial details shortly. Two development disorder that stands out. First, our SoCal biomethane facility began delivering on the California SB 1440 utility gas procurement program. We are the first project to deliver gas under that program. Second, we signed a $58 million contract with Eugenics Fuels. Eugenics is a joint venture backed by Amaresco and Hassi. Through their joint venture, two public companies chose our technology for their first project in agricultural RNG. That kind of a choice is not made lightly, and I am proud of what it says about Energia. Yaniv will walk you through the full operational picture. The border environment remains supportive. In our largest markets, government programs continue to drive long-term demand for what we do. New partners like Eugenics are choosing us for the first time. And existing partners like Vanguard are choosing us again. Now for the part with the actual numbers. Greg, over to you.
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