REG - Eco Buildings Group - Albania Project Update

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RNS Number : 8404E  Eco Buildings Group PLC  27 October 2025

Certain information contained within this Announcement is deemed by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon
publication of this Announcement, this information is now considered to be in
the public domain.

 

27 October 2025

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

 

Albania Project Update - Groundworks Completed, First Payment Received, and commencement of Ground Floor Construction

 

Eco Buildings Group plc ("Eco Buildings", or "the Company"), the AIM-quoted
designer, manufacturer and builder of advanced modular housing systems, is
pleased to provide an update on the continuing progress of its 18-unit
apartment development in Tirana, Albania.

Groundworks Completed and First Payment Received

The Company has now completed all groundworks and foundations for the first
18-unit apartment block. This key milestone has triggered the receipt of an
initial 10% contract payment  being €220,000 from the developer, marking
the first revenue inflow under the Albanian project.

With foundations complete, the site team is now commencing ground floor
construction. The Company is confident that the project will be completed
ahead of schedule.

Progress Consistent with Prior Announcements

This update follows the RNS announcements of 4 September 2025 and 9 September
2025, which confirmed that 40% of materials for the project had already been
produced and stocked. Today's progress confirms that the project remains fully
on schedule and consistent with the previously communicated 6-to-9-month
delivery timeframe.

Financial Overview and Pipeline Expansion

The 18-unit apartment block is the first of Eco Buildings' growing pipeline of
developments in Albania. Negotiations are now well advanced for a further
three to four similar apartment blocks, and discussions continue for a wider
roll-out of Eco Buildings' technology across the country.

The development is being advanced in collaboration with one of Albania's most
established property groups as part of a growing partnership to deliver
high-quality, energy-efficient housing using Eco Buildings' proprietary GFRG
(Glass Fibre Reinforced Gypsum) modular technology.

This development is situated in Tirane on the site being constructed and will
consist of 6 apartment blocks and a large number of high-quality detached
villas of varying sizes.

Next Steps and Outlook

Completion and hand-over of the first apartment block is now expected to take
place ahead of the original timeline.

Dr Etrur Albani, Executive Vice-Chairman of Eco Buildings, commented:

"Eco Buildings continues to position itself as a leading innovator in
sustainable modular housing, combining speed of construction, reduced carbon
footprint, and enhanced thermal performance to address the growing demand and
shortage of housing across Europe and emerging markets. The Company will
provide further updates as the Albanian project reaches new construction
milestones and as the additional apartment blocks are formally contracted"

This announcement contains inside information for the purposes of Article 7 of
Regulation 596/2014.

About Eco Buildings Group Plc

 

Eco Buildings Group Plc is a technology company redefining global housing
delivery. Its proprietary automated GFRG modular building system enables the
construction of sustainable, high-quality homes at unmatched speed and cost,
certified across multiple jurisdictions. Eco's strategy is to deploy at least
two production lines per country in partnership with governments and
developers to meet urgent housing demand worldwide. Our modular housing
solutions cater to both affordable and high-end housing markets. 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 (http://www.eco-buildings.net/)

For more information contact:

 Eco Buildings Group plc                               Tel: +44 (0) 207 380 0999

 Dr Etrur Albani , Executive Vice Chairman

 Fiona Hadfield, Finance Director

 Spark Advisory Partners Limited (Nominated Adviser)   Tel:  +44 (0) 203 368 3550

 Matt Davis / James Keeshan
 Tavira Securities Limited (Broker)                    Tel:  +44 (0) 203 192 1739

 Oliver Stansfield / Jonathan Evans

 CMC Capital Markets (Joint Broker)

Douglas Crippen

                                                     Tel: +44 (0) 203 003 8254

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
walls ("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.

 

 

 

 

 

 

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