SFC Energy sees triple-digit EBIT growth on Ukraine order
German fuel cell maker forecasts a surge in first-half earnings before interest and taxes driven by a large order from Ukraine.
SFC Energy AG said on Tuesday it expects a more than 100% increase in earnings before interest and taxes for the first half of 2026, citing a significant order from Ukraine.
The German manufacturer of hydrogen and methanol fuel cells provided the outlook in preliminary slides for the period ending Dec. 31, 2025. The company did not disclose the size of the contract but said it would materially boost revenue and profitability.
SFC Energy added that the order aligns with its strategy to expand in defense and emergency power supply markets, where demand for reliable off-grid energy solutions has risen amid geopolitical tensions. The company has previously highlighted Ukraine as a key growth market for its fuel cell systems, which provide backup power for military and civilian infrastructure.
Analysts noted that the order could signal broader demand for SFC’s technology in conflict zones and disaster-prone regions. The company’s shares, listed on the Frankfurt Stock Exchange under the ticker F3C, were up 4.2% in early trading on Tuesday following the announcement.
SFC Energy did not provide a full set of financials for the first half of 2026 but said it would release detailed results on Oct. 15, 2025. The company’s previous guidance for the full year 2025 projected revenue growth of 20-25% and EBIT improvement of 50-75%.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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