Circular energy firm BioCirc Group Holding ApS has reported a 27% increase in operating profits in the first nine months of this year, to DKK 189 million, along with revenue in the period of DKK 1.278 billion.
The Danish company, which has offices in Copenhagen, Middelfart and Bredstedt and is one of the world’s largest producers of green methane, saw operating profit rose 19% in the third quarter alone, from DKK 63 million to DKK 75 million.
‘Solid financial performance’
“Despite lower gas prices, BioCirc has delivered solid financial performance in Q3 2025 with stable revenue and significant growth in earnings,” commented Bertel Maigaard, group CEO at BioCirc.
“This is not least due to the fact that we have succeeded in keeping raw material costs stable, ensuring high uptime in operations, positive development in the certificate market and continued tight management of the cost base, where BioCirc benefits from significant economies of scale.”
Alongside its core biogas business, BioCirc is advancing a number of other green energy projects, with its first solar park located at Vinkel Bioenergi and covering 53 hectares, commencing operations in October, while the expansion of its Vinkel Bioenergi biogas facility, and the development of carbon capture and storage (CCS) projects, are ‘progressing as planned’, following a a loan of €27.5 million from Nordic Investment Bank.
CCS projects at five of the group’s eight biogas plants are expected to enter into operation in 2026.
Following the recent municipal elections in Denmark, BioCirc reported that there is ‘still political support’ for the majority of its efforts, even as reductions may affect selected projects, and is looking forward to engaging in dialogue with elected representatives.
‘Complex intersection’
“We work in a complex intersection between local considerations, global climate responsibility and an energy system that is in the midst of a historic transition,” Maigaard added. “We respect that.
“When the political winds change, we as a company must naturally adapt, and we therefore look forward to an open and constructive dialogue about the possibilities going forward – with respect for both local development and the green transition. We note that there continues to be broad political support for several parts of BioCirc’s projects, which create both CO₂ reduction and value for local communities, which we are very pleased about.”
BioCirc employs more than 300 people and operates eight biogas plants, with production of around 170 million cubic metres of green methane annually, enough to supply approximately 120,000 households. Read more here.
