EQS-News: Daldrup & Söhne AG publishes Group Half-Year Report 2025 and confirms growth potential

Daldrup & Söhne AG publishes Group Half-Year Report 2025 and confirms growth potential

• Due to base effects, total output decreased to EUR 20.7 million (H1 2024: EUR 29.1 million)
• EBIT margin rises to 12.8% (H1 2024: 10.2%); EBIT of EUR 2.6 million (H1 2024: EUR 3.0 million)
• Order backlog at record level of EUR 140 million at the end of August 2025 (EUR 31 million as of 31 August 2024).
• Strong equity ratio of 68.8%
• Improved regulatory framework offers strong perspective for further growth of Daldrup & Söhne AG

Oberhaching / Ascheberg, 30 September 2025 – Daldrup & Söhne AG (‘Daldrup’), (ISIN DE0007830572) published its 2025 consolidated half-year report today. Despite the continuing economic weakness in Europe and Germany, the company performed well in the first six months of 2025 and increased its profitability. In addition, the drilling and geothermal energy specialist has set the course for further growth.

In the first half of 2025, Daldrup achieved a total output of EUR 20.7 million at the Group level (previous year: EUR 29.1 million). The decrease compared with the same period last year is primarily due to effects in the first half of 2024, when several large orders that had been carried out over a longer period of time were completed and settled. Half-year earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 3.5 million (EUR 3.8 million) and EBIT (earnings before interest and taxes) to EUR 2.6 million (EUR 3.0 million). In relation to total output, this represents a significant increase in the EBIT margin to 12.8 per cent (10.2 per cent). The Group's half-year net profit of EUR 2.1 million (EUR 2.0 million) increased by 6.8 per cent compared with the previous year's figure. Earnings per share for the first half of 2025 were EUR 0.41, compared with EUR 0.42 for the full year 2024. As a result of the consolidated net profit for the first half of the year, the Group's equity ratio as of 30 June 2025 reached a comfortable 68.8 per cent (31 December 2024: 68.7 per cent).

"We are in a very solid position. The measures to increase efficiency are taking effect, resulting in a significant increase in profitability within the Daldrup Group. We will continue this course. At the same time, we are investing in further growth to increase our drilling capacity and further extend our market position. This year, we have already ordered two new drilling rigs for drilling depths of up to 1,600 metres. One of the two rigs is already in operation, and the second is scheduled to be delivered in the fourth quarter of 2025. Both the positive development of the regulatory environment in the field of geothermal energy and the special infrastructure fund approved by the German government are contributing to our business model. Demand for drilling in our Geothermal energy and Raw Materials & Exploration divisions is rising significantly, with the order backlog reaching a record level in the company's history at EUR 140 million at the end of August 2025. We will continue to build on the growth opportunities available to us and secure competitive advantages in order to increase the enterprise value of Daldrup & Söhne AG in the long term," says Andreas Tönies, CEO of Daldrup.

Improved framework as a strong basis for further growth

Since the new German government took office, the market environment for Daldrup & Söhne AG has improved a lot.

Firstly, the regulatory framework in the field of geothermal energy is developing very positively, and there is greater confidence and clarity regarding the implementation of the heating transition. In the future, clients such as local authorities will be able to rely on a ‘trinity’ of funding instruments and laws and implement geothermal projects more quickly, more reliably and, above all, with less risk. This is enabled in particular by three key instruments:  The Federal Fund for Efficient Heating Networks (BEW), the Geothermal Energy Acceleration Act (GeoBG) and the KfW financing instrument with integrated discovery insurance.

Secondly, the special fund for infrastructure measures approved by the Bundestag in March 2025 will also lead to higher demand for exploration and ground investigation drilling in the forefront of road and bridge construction projects.

The entire package of measures will stimulate the market – demand for drilling at all depths is rising significantly.

Record order backlog of over €140 million – capacity utilisation well into the year 2026

All of the Daldrup Group's drilling teams and extensive drilling equipment fleet are currently engaged in drilling projects, primarily in Germany and Switzerland. This is reflected in the order backlog, which stood at €140 million as of 31 August 2025 (31 August 2024: €31 million), a record level in the company's history. This means that the Daldrup Group's teams and drilling equipment are fully utilised well into 2026. In recent months, Daldrup has acquired two significant large-scale contracts in Pullach and Olching that are in the double-digit million-euro range, with Pullach being the largest single project in the history of Daldrup & Söhne AG to date. In addition to the order backlog, the market volume relevant to Daldrup, assessed based on probabilities of occurrence, has risen as well and is also at a high level at the end of August with EUR 325 million (31 August 2024: EUR 302 million).

Executive Board confirms forecast specified at the end of August

Daldrup & Söhne AG's strong drilling expertise is utilised across all business areas – from Geothermal energy and Raw Materials & Exploration to Environmental Services and Water procurement. Provided that the ongoing drilling projects can be carried out and invoiced as planned, the Management Board confirms the EBIT forecast for the 2025 financial year specified at the end of August, in which it raised the lower limit of the EBIT margin forecast from 9 per cent to 10 per cent. It therefore expects an EBIT margin of between 10 per cent and 12 per cent for the full year, with total output of around EUR 52 million.

The 2025 half-year report of Daldrup & Söhne AG is available for download at https://daldrup.eu/en/ir/.

Note: IR roadshows / conferences / events:

•    12 November 2025: Munich Capital Market Conference (MKK), Munich

•    25 November 2025: Deutsches Eigenkapitalforum, Frankfurt

About Daldrup & Söhne AG

Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a company history of more than 75 years, is a specialised provider of drilling and environmental services and is positioned among the leading companies in Germany. Its activities are divided into the business areas Geothermal, Resources & Exploration, Water Extraction and Environment, Development & Services (EDS). In the Geothermal Energy business sector, drilling services are provided both for near-surface geothermal energy (especially geothermal probes for heat pumps), but above all also drilling services for deep geothermal energy of up to 6,000 m, in order to use the geothermal energy thus accessible for the generation of electricity and/or heat. In the Raw Materials and Exploration business sector, the wells drilled by Daldrup & Söhne AG are used for exploration as well as mineral raw materials and ores (e.g. copper and gold). This division also provides drilling services in the context of finding a safe final repository for nuclear waste. The Water Extraction business area includes well construction for the extraction of drinking, industrial, medicinal, mineral, boiler feed or cooling water as well as thermal brine. The business area Environment, Development & Services (EDS) comprises special environmental engineering services such as the hydraulic remediation of contaminated sites, the construction of gas extraction wells for the extraction of landfill gas, the construction of groundwater quality measuring points or the construction of water purification plants.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment of the Open Market of the Frankfurt Stock Exchange) and part of the Scale30 Index.

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation of an offer to buy or subscribe for securities. This publication and the information contained therein are not intended for direct or indirect distribution in or within the United States of America ("USA"), Canada, Australia or Japan.

Press & Investor Relations Contact

Daldrup & Söhne AG

Annette Kohler-Kruse / Frank Ostermair
Fon: +49 (0) 2593 / 95 93 29
E-Mail: ir@daldrup.eu

Bajuwarenring 17 a
82041 Oberhaching
www.daldrup.eu