Genan annual report shows record operating profit in 2025, highlighting what the company described as the long-term resilience of its circular business model
Genan posted revenue of EUR 64 million in 2025, slightly up from EUR 63.7 million the previous year, while EBIT increased to a record EUR 8.8 million from EUR 7.9 million in 2024. Net profit declined to EUR 5.9 million, mainly due to negative exchange rate adjustments.
Poul Steen Rasmussen, CEO of Genan, said the results demonstrated that circular economy businesses can deliver stable profitability despite volatile commodity markets and currency fluctuations. He added that Genan has shifted focus from expansion to profitability optimisation and strengthening existing operations.
Looking ahead, Genan said it is entering a new strategic phase focused on market presence, partnerships, acquisitions and operational adjustments. focusing on supporting long-term growth and profitability. The company expects revenue to exceed EUR 67 million in 2026, although profitability will continue to be influenced by global raw material markets.
Rasmussen also called for stronger political support for recycled material applications, arguing that while waste collection and sorting systems have improved, end-use markets still require further development. He pointed specifically to tyre recycling, where collection systems in many countries function well but markets for recovered materials remain uneven.
Genan currently operates six tyre recycling plants across four countries with annual processing capacity exceeding 400,000 tonnes of end-of-life tyres. The company produces up to 295,000 tonnes of rubber products, 60,000 tonnes of steel and 45,000 tonnes of textile fibre annually.
The company said textile fibre remains one of the sector’s biggest challenges, as much of the material is still incinerated rather than recycled into higher-value applications. Rasmussen suggested measures such as recycled-content requirements in public procurement could help accelerate circular economy adoption.
Image credit: Genan
