Cogra: 2024/25 Review and Outlook

Wood energy specialist Cogra has published its results for the 2024/25 financial year, with revenue down 12% to €34.28 million. This period was impacted by destocking and increased price pressures, driven by massive pellet imports into the European market. In response, Cogra adopted prudent management measures, including halving its financial debt.

Although pellet sales decreased by 14% to €30.2 million, heating appliance sales increased by 4% to €3.7 million. Net income of -€4.7 million and EBITDA of -€1.5 million reflect a challenging year. However, cash flow remained stable at €2.2 million, and debt reduction strengthens the financial structure for 2025/26. With better cost control and increased production volumes, Cogra hopes to return to growth and profitability.