ASTA Energy Solutions AG reported record first-half 2026 financial results on August 27, 2026, prompting an upward revision to its full-year adjusted EBITDA guidance.
The Swiss manufacturer of specialized copper products posted net sales of EUR 435.8 million in H1 2026, a 22% increase from EUR 356.7 million in the same period of 2025. Adjusted EBITDA rose 54% to EUR 37.0 million, lifting the margin by 180 basis points to 8.5%. Operating profit (EBIT) grew 62% to EUR 31.7 million, while net income surged 125% to EUR 22.5 million. Earnings per share advanced 66% to EUR 1.66.
Free cash flow more than doubled to EUR 22.8 million, yielding a cash conversion rate of 61.6%. Capital expenditures increased 6% year-over-year to EUR 14.2 million. The company maintained its full-year net sales guidance above EUR 790 million, assuming a copper price of USD 11,500 per metric ton, and net-value sales guidance above EUR 170 million.
ASTA’s net cash position improved by EUR 104 million to EUR 47.4 million as of June 30, 2026, from a net debt position of EUR 56.6 million at year-end 2025. The leverage ratio shifted from 1.18x to negative 0.78x. Trade working capital rose 132% to EUR 83.9 million, representing 11.5% of trailing-12-month net sales.
The company raised its full-year 2026 adjusted EBITDA guidance to EUR 60-64 million, up from the prior range of EUR 55-59 million. Guidance for net sales and net-value sales remained unchanged. ASTA’s stock rose 8.89% to USD 58.80 following the announcement, extending its year-to-date gain to 33%.
ASTA Energy completed its IPO in January 2026, raising approximately EUR 120 million in net proceeds. Roughly 40% of the funds were allocated to capacity expansion, 20% to supply chain integration—including extensions to its Brazil recycling platform and a new European platform—20% to financial flexibility improvements, and 20% to deleveraging. IPO preparation costs of EUR 2.6 million were reclassified to equity.
Customer order backlogs expanded significantly, with GE Vernova’s electrification backlog up 65% to USD 45 billion in Q2 2026, and Siemens Energy’s grid technologies backlog rising 34% to EUR 51 billion. Long-term agreements accounted for approximately 55% of business contracts, framework agreements for 45%, and spot market transactions for 5%.
