Montega reiterates buy on IBU-tec, sets EUR 25 price target

• Montega reiterated a Buy rating on IBU-tec, setting a 12-month price target of EUR 25.
• H1 2026 revenue rose 3.9% to EUR 19.7 million; battery business grew 20.7% to EUR 5.9 million.
• EBITDA held at EUR 2 million; EBITDA margin stayed at 10.2%.
• Free cash flow reached EUR 9.8 million, supported by EUR 17.4 million milestone payments despite EUR 7.6 million capex.
• Montega said the LFP cathode plant build-out remains on track; spray tower trial operations are expected to start in Q4 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IBU-tec advanced materials AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26634) on August 25, 2026, and is solely responsible for the information contained therein.