Aeris Energy reports operational improvement with the reactivation of four production lines and a strong 2 GW order book, driven by exports and efficiency.
Aeris Energy, a renowned manufacturer of wind turbine blades, showed consistent signs of operational recovery during the second quarter of 2026. The company, a key player in the clean and sustainable energy sector, managed to increase its revenue, recover gross margin, and reduce its negative adjusted EBITDA, in a move that points to an optimistic trajectory in the challenging wind energy market.
This progress is supported not only by the improvement in financial indicators but also by the strategic decision to reactivate four production lines. These units, scheduled to be fully operational in the third quarter, are crucial to meet a significant order book totaling 2 GW in supplies projected for 2026 and 2027.
Operational Results Accelerate Recovery
The financial data for the second quarter of 2026 reveal a notable evolution. Aeris Energy‘s Net Operating Revenue (NOR) reached R$ 129.3 million, representing a 22.4% growth compared to the previous quarter. Concurrently, the company’s gross margin made a significant leap, moving from a negative -12.6% to a positive 7.6%.
This margin turnaround, combined with the reduction in negative adjusted EBITDA from R$ 27.4 million to R$ 12.4 million, indicates growing operational efficiency. Such performance is directly attributable to increased production volumes and the subsequent dilution of fixed costs, even in a scenario where the Brazilian wind energy market still operates with reduced activity levels.
Exports Sustain Revenue Growth
The wind blade segment was one of the major drivers of the results, registering R$ 104.5 million in revenue in the second quarter, a 26.3% increase from the first quarter. Exports played a fundamental role in this growth, contributing R$ 91.7 million to the period’s revenue.
In addition, Aeris‘s services unit also demonstrated vigor, with revenue advancing 83.6% quarter-over-quarter, driven by new contract wins. This robust commercial performance validates the company’s strategy to strengthen its presence in external markets, as a way to offset pressure on domestic demand for wind energy equipment.
New Production Lines to Meet Future Demand
Confidence in the resumption of production is reinforced by the strengthening of the order book. Aeris announced contracts totaling 2 GW for blade supply in 2026 and 2027, in addition to approximately 0.5 GW in new projects that are in advanced stages of negotiation.
To meet this demand, the company began reactivating four production lines at the end of the second quarter. These units are expected to be fully operational again in the third quarter, expanding Aeris‘s industrial capacity to honor existing commitments. The resumption will be gradual, tracking the evolution of volumes and the maturation of the lines, seeking a balance between production capacity and contracted demand.
“Discipline in operational cost management has been fundamental in mitigating the impacts of a challenging scenario, while financial debt remains a focus of attention,” stated a market analyst.
Financial Challenges and Future Outlook
Despite the notable operational improvement in the second quarter, the cumulative performance for the first half of 2026 still reflects the retraction of the domestic market. The NOR for the semester reached R$ 234.9 million, a 48.1% decrease compared to the first half of 2025. Operating expenses, however, remained stable quarter-over-quarter, highlighting Aeris‘s focus on cost discipline.
However, the company’s net loss increased to R$ 152 million in Q2 2026, up from R$ 138 million in the previous quarter. This increase demonstrates that, despite operational recovery, financial expenses, driven by rising interest rates and charges, continue to exert significant pressure on the company’s balance sheet.
For the coming quarters, Aeris projects a gradual increase in production volumes, leveraged by the reactivated lines and the progress of contracts. The company’s strategy remains anchored in financial discipline, efficiency gains, and geographical diversification, with the North American market emerging as an important demand driver. The ability to transform the robust order book into greater industrial utilization and operational cash generation will be vital for Aeris Energy, in a scenario of expected, but gradual, recovery for the Brazilian wind energy industry.
