VERTIKAL Group has published its financial results for the first half of 2025.
Based on its unaudited financial statement for the first half of this year, VERTIKAL's revenue reached HUF 10.9 billion, with EBITDA at nearly HUF 1.2 billion. This data, recently published on the Budapest Stock Exchange, reflects the stability and growth potential of the company's business model.
Despite a challenging economic environment VERTIKAL Group, which is a key player in Hungary’s environmental management sector continued its dynamic growth. Compared to the same period in 2024 net revenue from sales rose by 7.4 percent to HUF 10.9 billion, EBITDA increased by 0.6 percent to HUF 1.2 billion. Growth was also reflected in headcount as the number of employees increased by 29.7 percent from 489 to 634 between 30 June 2024 and 30 June 2025.
The company fulfilled its obligations under its contracts in the national waste management concession system including waste collection and pretreatment waste disposal and regional coordination across several regions as well as additional tasks such as transport related to the deposit return system composting and interfacility transfer and logistics.
Taking into account the results of 2024 and the first half of 2025, the company has reviewed its previously published targets set through 2028. The goals set in recent years have consistently been met and ongoing projects are expected to further strengthen second half performance. For 2025 management continues to project stable double-digit growth and has accordingly refined its revenue and EBITDA targets. Since its listing on the stock exchange the company’s equity has increased by more than 140 percent while total assets have expanded by nearly HUF 5 billion, representing growth of more than 35 percent.
During the half year changes in ownership structure resulted in an increase in free float which may further enhance the liquidity and trading activity of the company’s shares.
Sustainability considerations are also an important part of the company’s financing. In April 2025 VERTIKAL published its Green Finance Framework for which Scope ESG Analysis GmbH issued a positive Second Party Opinion. The framework enables the company to raise funding on favourable terms for environmentally focused investments in the future.
In line with its capital market strategy and following a resolution adopted at the Annual General Meeting in April VERTIKAL has begun preparing the documentation required to move its shares into the Budapest Stock Exchange Standard category, which remains a short-term objective. At the same meeting shareholders also approved the launch of the Employee Ownership Program under which up to 10 million ordinary shares may be allocated to the VERTIKAL Group EWP Organisation with the programme covering the 2025 and 2026 financial years.
