Wolftank Group AG reported consolidated sales growth of 7.6% in the third quarter of 2025, reaching EUR 29.9 million compared to EUR 27.8 million in the same period last year. The company achieved an operational turnaround with adjusted EBITDA of EUR 1.1 million, marking significant progress despite ongoing market volatility. Key factors driving this improvement included strict cost discipline, enhanced product and project mix, and the resumption of operations at a recycling facility that had been undergoing maintenance until August.
The company's strategic restructuring efforts contributed substantially to the positive results. Wolftank made further progress in streamlining its organizational structure and completed its withdrawal from Latin American operations. The deconsolidation of the Brazilian subsidiary generated a positive one-time effect of EUR 1.1 million. When including this effect, EBITDA for Q3 2025 totaled EUR 2.2 million, closely approaching the previous year's Q3 figure of EUR 2.3 million.
Wolftank Group CEO Simon Reckla stated that the third-quarter results validate the company's strategic direction. The combination of structural streamlining, rigorous cost management, and reinforcement of profitable business areas enabled the operational turnaround achieved during the past quarter. The company's performance in the first nine months of 2025 reflected challenges from the initial half of the year, primarily due to recycling plant downtime and customer caution, with consolidated sales reaching EUR 90.7 million compared to EUR 89.8 million in the same period last year.
Segment performance revealed contrasting trends between the company's business units. The Environmental Services segment reported sales of EUR 72.5 million, representing a 6.2% decrease from the previous year's EUR 77.3 million. Conversely, the Hydrogen and Renewable Energy segment demonstrated robust growth with sales increasing by 45.6% to EUR 18.2 million, driven by strong demand for emission-free infrastructure solutions. The operational turnaround in Q3 helped bring adjusted EBITDA for the first nine months to EUR 1.0 million and adjusted EBIT to EUR -2.9 million.
The company's financial adjustments included a EUR 2.5 million provision for a first-instance ruling regarding customer compensation in Italy, alongside the Latin American subsidiary deconsolidation effect. Excluding these one-time items, EBITDA would have been EUR -0.5 million compared to EUR 7.0 million in the previous year, while EBIT would have been EUR -4.3 million versus EUR 2.3 million in 2024. Wolftank maintains a substantial order backlog of EUR 150 million, which provides the foundation for achieving strategic objectives and implementing the recently introduced GreenLead 2030 strategy.
CEO Simon Reckla emphasized that the strong order backlog enables the company to fully concentrate on developing new growth areas aligned with core competencies. These include innovative solutions for battery recycling, PFAS decontamination, and automated tank remediation technologies. Wolftank confirms its full-year 2025 forecast, expecting revenues between EUR 121 million and EUR 123 million with adjusted EBITDA projected in the range of EUR 1.5 million to EUR 3.0 million. Further information about the company's operations and environmental technology solutions is available at https://www.wolftankgroup.com.
