METHANOR: directors' dealings · France · AMF

About METHANOR

Méthanor is a French listed company quoted on Euronext Growth Paris under ISIN FR0011217710 (ticker ALMET). It specializes in financing and operating renewable energy and, more broadly, energy-transition projects. The company’s business model is that of a focused small-cap investor providing equity, quasi-equity and debt financing to projects at different stages of development. Over time, Méthanor has built a reputation as a niche project financier rather than a traditional utility or industrial operator. The company was created in 2012 and launched its first activities in 2013 with agricultural methanization units in France, working alongside farmers and agricultural SMEs. Its corporate history reflects a gradual but deliberate diversification. In 2015, Méthanor broadened its scope to hydraulic power, biomass and solar PV. In 2020, it entered energy storage, an asset class that supports decarbonization and grid flexibility. In 2023, it added wind power to its portfolio and started expanding geographically within the euro area through a wind project in Croatia. In 2024 and 2025, the company continued to rotate capital and strengthen ties with new decarbonization players such as CVE, Artea and Entech. Méthanor’s core activity is to finance real assets and infrastructure projects: photovoltaic plants, agricultural biogas units, hydroelectric installations, biomass assets, wind farms and storage-related projects. It typically invests through equity stakes, convertible bonds, shareholders’ current accounts or plain vanilla debt instruments. This flexible approach allows Méthanor to support entrepreneurs and developers who need tailored financing solutions. The company also actively manages its portfolio, including the sale of mature assets such as the Solaire Corsica solar plants in 2025, with proceeds redeployed into new opportunities. Geographically, Méthanor remains primarily France-centered, but it now has a clear European footprint thanks to its Croatian wind investment and its relationships with operators active across France and other markets. Among the notable features of the company are its early dividend distribution in 2016, its ongoing portfolio diversification, and its long-standing focus on tangible, asset-backed transition projects rather than on industrial production itself. Recent results show an active portfolio, with a net loss in 2024 driven mainly by non-recurring items and provisions on specific holdings, while leaving the company’s specialized financing strategy intact.