AVR reports a significant rise in turnover for 2025, yet the net result has decreased. Discover the full story behind the numbers.
Key Takeaways
- AVR reported a turnover of 294.9 million EUR for 2025, up from 207.7 million EUR in 2024, despite a net result decrease to 68.9 million EUR.
- The increase in turnover came from the recommissioning of incineration lines and higher waste processing volumes after a fire in 2023.
- Operational performance remained stable with an EBITDA of 187.8 million EUR, while operating costs significantly reduced from 323.8 million EUR to 243.4 million EUR.
- Workplace safety improved, with the accident frequency rate dropping to 1.41 in 2025, and the workforce grew from 484 to 502 employees.
- The recovery is part of ‘Project Phoenix’, which includes investments in new facilities, such as a turbine facility planned for 2026.
The Dutch plant operator AVR has announced a turnover of 294.9 million EUR for the 2025 financial year, a notable increase from 207.7 million EUR in 2024. The growth is attributed to the recommissioning of incineration lines and higher waste processing volumes following the fire in 2023. Despite this, the result for the financial year after taxes decreased to 68.9 million EUR, compared to 88.1 million EUR in the previous year. This development is mainly due to the normalisation of other income, which stood at 136.3 million EUR in 2025 after reaching an exceptional 303.9 million EUR in 2024 from insurance proceeds related to the fire.
The company’s operational performance remained stable, with an EBITDA of 187.8 million EUR recorded for both 2025 and 2024. Operating costs fell from -323.8 million EUR in 2024 to -243.4 million EUR in 2025. This reduction was achieved as the increasing availability of the company’s own facilities reduced the need for third-party waste disposal services.
Financial Performance Normalises
The operative cashflow showed a strong increase, rising to 225.2 million EUR in 2025 from 156.4 million EUR in 2024, supported by the receipt of insurance payments and improvements in working capital. The company’s solvency, including shareholder loans, improved to 31 per cent from 25 per cent in the prior year. Adjusted for specific items, solvency stood at 56 per cent.
The operational recovery led to a rise in non-financial key performance indicators. Scope 1 CO₂-emissions increased to 657 kton in 2025 from 281 kton in 2024, as incineration activities resumed. Consequently, energy output rose to 5.7 PJ from 3.4 PJ. The share of biogenic energy was 58 per cent, compared to 68 per cent in the previous year.
Increased Emissions and Improved Safety
In parallel, the company reported a significant improvement in workplace safety. The accident frequency rate (IF rate) fell to 1.41 in 2025 from a rate of 4 in 2024, a result attributed to enhanced safety measures and training programmes. The average number of employees also grew, from 484 in 2024 to 502 in 2025.
The recovery and investments are being managed under the restoration programme named “Project Phoenix”. This programme facilitated the resumption of core activities and includes investments in new plants, such as a new turbine facility planned for 2026.
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