Renova boosts full-year forecasts on biomass profitability

Renova announced a revision to its full-year consolidated forecasts (IFRS) for the fiscal year ending March 31, 2025. The company now anticipates revenue of JPY70,200 million, up slightly from the previous forecast of JPY70,100 million. EBITDA is projected to reach JPY23,300 million, a significant increase from the prior JPY21,200 million estimate. Operating profit is now forecasted at JPY4,000 million, double the earlier JPY2,000 million projection. Profit attributable to owners of parent has been revised upwards to JPY2,700 million from JPY1,500 million, resulting in earnings per share of JPY29.99, a substantial jump from the previous JPY16.69.