Green Earth Q1 2026 update: record-breaking quarter as forward sales surge +125%

Green Earth Group N.V. (“Green Earth” or “the Group”) (Euronext: EARTH, NL0009169515), a leading end-to-end project developer of nature-based solutions, publishes its Q1 2026 update and strategic outlook. Q1 2026 marks a clear commercial breakthrough. While the Group generated a total of €2.0 million in forward sales between 2020 and year-end 2025, it secured €2.5 million in new contracts in Q1 2026 alone. This brings total contracted forward sales to €4.5 million and reflects a significant acceleration in commercial traction and the scalability of the business model.

Q1 2026 key highlights

• Forward sales (contracted sales): As of 31 December 2025, Green Earth had secured cumulative forward sales of €2.0 million since 2020, all on a 100% prepayment basis. In Q1 2026, the Group added €2,495,000 in new contracts, bringing total forward sales to €4,495,000. This represents growth of approximately 125% compared to the cumulative sales achieved over the previous five years. 

• Ecosystem restoration: For the upcoming planting season, Green Earth finalised preparations to plant 384,568 trees, which will bring the total land under active restoration to 3,821 hectares globally with a total of 2,268,498 trees. Official planting has also commenced for the Lake Aral Afforestation Project in Kazakhstan.

• Community impact: Green Earth locally manufactured 90,000 energy-efficient cookstoves to date, and is on track to produce 25,000 cookstoves in Nigeria and an additional 25,000 in Kenya. The total number of cookstoves distributed as at the end of Q1 is 77,969. These cookstoves improve the livelihoods of local families and prevent deforestation of vital woodland.

• Carbon credit pipeline: Green Earth’s total project pipeline is estimated at 16.3 million carbon credits, based on the current scope and development stage of its projects. Further scaling within these projects is possible and could significantly expand the total pipeline. The pace and extent of this growth are largely dependent on the availability of capital. 

• Expanded portfolio: Significantly advanced our development pipeline across two new key regions, laying the groundwork for future large-scale asset generation:

• Ghana: Finalised partnership agreements and the first investment in the Ghanaian agricultural sector to build a modern rice milling facility. This initiative enables local processing and helps retain value and profits within the community.

• Malawi: Completed a successful feasibility study for the Namizimu Afforestation, Reforestation & Agroforestry Carbon Project, which is ready to advance to pilot implementation. The project identified 27,980 hectares as eligible and available for active planting and restoration, and is projected to sequester between 5.7 and 9.7 million tonnes of CO₂ over its 40-year lifetime.

Short-term strategic objectives (12-month targets to 30 June 2026)

Green Earth uses its defined five strategic objectives and key results (OKRs) over a 12-month period as a blueprint for execution, investment, and stakeholder alignment as it continues scaling verified nature-based solutions across geographies.

Objective 1: Restore 5,000 hectares of degraded land through verified reforestation projects that enhance biodiversity and generate long-term carbon credits.

• Key result: Achieve a total of 5,000 hectares planted.

• Confirmed to date:  Green Earth has planted 3,821 hectares across its active projects in Kenya, Cameroon, Uganda and Kazakhstan. Each hectare sequesters approximately 8–10 tonnes of CO₂ per year, depending on location and project type. In Q1 2026, credits from these types of projects were sold at an average price of approximately €21.29 per tonne of CO₂. 

Objective 2: Distribute 105,000 high-efficiency cookstoves to reduce woodfuel dependency, improve community health, and generate long-term carbon credits.

• Key result: Distribute a total of 105,000 cookstoves.

• Confirmed to date:  Green Earth has distributed 77,969 cookstoves. Each high-efficiency cookstove reduces approximately 1–3 tonnes of CO₂ per year, depending on usage and location. In Q1 2026, credits from these types of projects were sold at an average price of approximately €10 per tonne of CO₂. 

Objective 3: Secure €10 million in contracted sales from carbon credits, commodities, and consulting to secure diversified sales.

• Key result: Secure a total of €10 million in signed and contracted sales.

• Confirmed to date: Green Earth has secured €4,605,536 in total contracted and realised sales.

Objective 4:  Build a scalable, recurring revenue base by acquiring and retaining 100 active clients. 

• Key result:  Reach 100 paying clients. 

• Confirmed to date:  Green Earth serves 91 paying clients. 

Objective 5: Build a fully traceable, ethical coffee supply chain linked to agroforestry practices to monetise project-linked commodities and support local farmers.

• Key result: Integrate 1,000 farmers into agroforestry-linked trade channels.

• Confirmed to date: Green Earth has purchased 20 acres in Uganda and developed a private coffee mother garden and nursery, alongside an agroforestry model farm. In Kenya, 20 acres are operated through a food forest pilot partnership. Green Earth has developed a proprietary smallholder farmer CRM to build a fully traceable supply chain; a total of 1,136 farmers have been registered in the CRM, with further expansion ongoing. The supply chain is not yet monetised and remains in the build-out phase; however, the core infrastructure is now in place.

Chief Executive Officer Selwyn Duijvestijn stated: "The first quarter of 2026 underscores our ability to make regeneration scalable and investable. The world needs tangible transformation, and our boots-on-the-ground approach delivers exactly that. By maintaining strict, independent verification and overseeing the complete project lifecycle, we continue to supply the market with the high-quality, transparent assets corporate buyers need to confidently reach their environmental goals."

Contact for press enquiries

For more information, please contact:

GREEN EARTH
press@green.earth
+31320788118

Or visit: https://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 Green Earth 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 Green Earth, 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 Green Earth’s management. Although Green Earth 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 Green Earth 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, Green Earth 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 Green Earth’s services and products is subject to its General Terms and Conditions.