ENOGIA, an expert in micro-turbomachinery for the energy transition, announces that it has secured €2.04 million in financing in the form of two tranches of convertible bonds, subscribed predominantly by funds managed by Vatel Capital and with a minority portion taken up (Alexander Investments and Duna & Cie S.A., both of which are also long-standing shareholders of the Company).
Following on from this transaction, ENOGIA is continuing discussions with Vatel Direct regarding the potential issuance of an additional tranche of straight bonds in a nominal amount of €1.0 million. Issuance of this prospective tranche would be subject to the approval of the competent bodies and the finalisation of the relevant documentation. A dedicated announcement will be made in due course if this tranche is issued.
Strong commercial performance confirmed by recent successes, particularly in South Korea
This transaction comes against a backdrop of strong commercial momentum. ENOGIA recently announced the signing of a major contract in South Korea to equip a hydrogen fuel cell park at the Lotte Fine Chemical site (Ulsan), which is expected to contribute to revenue from 2026 (see press release dated 18 December 2025). As also mentioned in that press release, the Company currently has a robust order book, with significantly higher order intake than last year. It is also highly confident that it will achieve its 2025 targets. As a reminder, the company is targeting revenue growth of over 50%, as well as positive free cash flow and net income.
Image of ENOGIA( for illustration)
Full press release https://h7.cl/1gGHa
