AFYREN announces its 2024 half-year financial results

Clermont-Ferrand/Lyon, September 30, 2024, 07h30 CEST – AFYREN, a greentech company that offers manufacturers natural, low-carbon ingredients produced using unique fermentation technology based on a completely circular model, today announced financial results for the half-year ended June 30, 2024, and approved by the Board of Directors on September 27, 2024.

AFYREN NEOXY: first products commercialized but adjustments in operations needed to reach continuous production

Ambition to reach continuous production by end 2024 is maintained, subject to adjustments to the separation-purification stage
First tons of biobased acids and fertilizers commercialized to customers
Further development of partnerships and commercial pipeline to prepare for the future
First sustainability report published and good execution of the ESG roadmap

A solid financial base, supporting the start-up of AFYREN NEOXY

Perte stable traduisant la bonne maîtrise des dépenses opérationnelles
43 M€ de trésorerie au 30 juin 2024, consommation de trésorerie de 6 M€, incluant un soutien transitoire au démarrage de la production en continu d’AFYREN NEOXY

Nicolas SORDET, CEO of AFYREN, said: “This summer saw many temperature records fall. Faced with this reality, repeating year after year, AFYREN is proud to offer a concrete response to the challenges of decarbonizing industry. The strategic priority given to the continuous start-up of our AFYREN NEOXY plant should not overshadow the many successes achieved in other areas, whether in R&D, partnerships, our ESG roadmap or the commercial pipeline.”

The 2024 Half-year Financial Report is available today on the page: https://afyren.com/en/investors/#documentation

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