DGB Group N.V. (“DGB” or “the Group”) (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, announces the publication of its 2024 semi-annual consolidated financial results. As DGB remains in its development phase, it reported a net loss for the first half of 2024. The value of its project pipeline surged by +27.8% year-on-year (“YoY”), and unrealised gains on carbon credit investments grew to €23.82 million, highlighting significant growth towards its revenue-generation phase expected later this year.
Key highlights from the semi-annual report include:
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Financial results: DGB ended the first half of 2024 with a gross loss of €0.08 million, compared to a gross profit of €0.21 million in the first half of 2023. The net result for the period was €(1.06) million, compared to €(0.84) million in 2023. The basic and diluted loss per share was €(0.09), compared to €(0.08) in 2023.
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Project performance: The Group reported €23.82 million in unrealised gains on carbon credit project investments, up from €19.22 million in 2023 (+20.5% YoY growth), demonstrating strong potential for future revenue.
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Project pipeline: DGB continued to advance the development of multiple large-scale verified carbon projects while launching new biodiversity and plastic credit pilots. The total project pipeline value reached €29.55 million, compared to €23.67 million in 2023 (+24.8% YoY growth). The Group’s total asset value rose to €34.93 million, up from €29.17 million in 2023 (+19.7% YoY growth).
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Stakeholder engagement: DGB's close partnerships with approximately 11,000 smallholder farmers in Kenya, Cameroon, and Uganda have strengthened its supply chain in agroforestry projects. This engagement reinforces DGB’s ability to deliver long-term value to both investors and communities.
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Revenue diversification: With the expansion into plastic and biodiversity credits, DGB is strategically positioning itself in emerging environmental markets. These sectors are projected to grow in the coming years, providing additional avenues for revenue beyond traditional verified carbon credits and aligning DGB’s mission with broader sustainability goals.
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Important milestones: DGB is on track to issue its first carbon credits (verified carbon units) in 2024, a key milestone that will enable the company to begin generating revenue from its project investments. This revenue represents the culmination of significant groundwork in verified project development over the past years. A total of 25.5 million carbon credits are expected to be issued from four of DGB’s most advanced projects, while an additional 12.7 million credits remain in the feasibility phase.
The full semi-annual report is available for download on DGB’s website at www.green.earth/invest/financial-reports. Additionally, a conference call for investors and analysts is scheduled for 10 October at 19:30 CET to discuss the outlook of DGB and the report in further detail. Registration for the call can be made online here.
Selwyn Duijvestijn, CEO of DGB, stated: "Our expanding project portfolio and increasing asset value demonstrate the strong foundation we’ve built through years of focused effort. As we prepare to issue our first verified carbon credits later this year, DGB is entering a new phase where the true potential of our investments will begin to deliver tangible results. Our focus remains on driving continued growth and creating long-term value for our stakeholders."
Links
Semi-annual report 2024
Contact details
DGB GROUP NV
press@dgb.earth
+31320788118
About DGB
DGB is a publicly traded project developer focused on high-quality carbon and biodiversity projects. DGB is listed on the main Dutch stock exchange, Euronext Amsterdam, under the ticker symbol AEX and ISIN-code NL0009169515. The company specialises in ecosystem restoration and sustainability, developing projects that generate verified carbon units to help governments and businesses achieve their net-zero goals. Through innovation and engagement with local communities, DGB aims to make nature restoration profitable while contributing to global environmental sustainability and delivering value to its shareholders. www.green.earth.
Disclaimer
This press release does not contain an (invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available, and forecasts and estimates made by DGB’s management. Although DGB believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise. The provision of DGB’s services and products is subject to its General Terms and Conditions
