Eco Buildings Regulatory News (ECOB)

Reach Announcement

8th April 2025

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

 Production Milestone Achieved - 16,200 sqm Modular Walls Ready for Delivery

Eco Buildings Group plc (the "Company" or the "Group"), a UK-listed modular construction company, is pleased to announce that it has significantly improved production time and operational efficiency at the Company's factory in Albania. This significant achievement underscores our commitment to rapid, high-quality delivery of sustainable modular housing solutions.

Figure 1: Full size Wall Figure 2: Inventory ready to dispatch

Outstanding Production Performance

The Group has produced 450 modular wall panels, each measuring 36 sqm, resulting in a total of 16,200 sqm of modular walls. These units have been produced and will be delivered to an existing contracted customer, upon completion of groundwork and foundations at the customer's site which is expected this month. This milestone is a testament to our robust production capabilities and meticulous planning. The Company expects payment in Q2 2025, a further update will be made in due course. The full value of this order is expected to generate €4M in revenue.

The direct sale of walls, for use in larger structures, rather than the sale of modular housing, is another revenue stream the Company can quickly supply through its fully operational Albanian factory.

One Shift Operation with a Vision for Expansion

Currently, this output is achieved on a single production shift. We are currently training additional staff and plan to be able to introduce double shifts each day, during this quarter, effectively doubling our production capacity. The Directors believe this significant increase will help ensure we can meet our sizeable order book and the rising market demand, while providing further economies of scale.

Sanjay Bowry, CEO of Eco Buildings, stated:

"Reaching full production from a single shift operation, at a rate significantly greater than anticipated is due to the excellent work of our engineering team and the improvements they have made to the production unit and the operating software. Our ability to produce 16,200 sqm of modular walls under a single shift operation not only demonstrates our excellent operational effectiveness but also sets the stage for even greater production capacity. By training additional staff for a second shift, we are positioning the Company to rapidly scale production and meet already contracted demand."

Looking Ahead

Achieving full production capability on a single shift is a major boost for the Company, reinforcing our position as a leader in modular construction and providing a strong foundation for future growth. As we prepare to implement the second shift, we remain committed to delivering exceptional quality and efficiency to our customers.

For more information, visit www.eco-buildings.net.

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About Eco Buildings Group plc

Eco Buildings is a leading innovator in prefabricated, green housing products, leveraging proven technology based on GFRG panels. Our modular housing solutions cater to both affordable and high-end housing markets, combining cost efficiency, speed of construction, and sustainability. With a growing portfolio of international projects, Eco Buildings is dedicated to redefining construction for the future. 

Further information is available on Eco Buildings website: www.eco-buildings.net

For more information contact:

Notes

The Company has acquired proven and innovative prefabricated technology which has been in development and commercial use since 2006. Eco Buildings' range of prefabricated, green housing products based on glass fibre reinforced gypsum panels ("GFRG") provides a construction solution for both affordable and high-end housing.

Eco Buildings has already secured two sales contracts with major construction companies, one in Albania, the other in Kosovo, which are expected to generate gross sales revenue of approximately up to €38 million in total per annum over the first three years (approximately €114 million in total) following Admission.

The market share for factory-based building technology is expected to grow significantly over the coming years as private developers and the public sector seek to address the substantial and growing deficit in housing stock and issues of construction cost, speed and quality and housing affordability.