Photon Energy Group Reports Solid Q1 Results and Progress on Strategic Growth Objectives

Issuer: Photon Energy NV / Key word(s): Quarter Results Photon Energy Group Reports Solid Q1 Results and Progress on Strategic Growth Objectives 19.05.2025 / 09:22 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy Group Reports Solid Q1 Results and Progress on Strategic Growth Objectives

• In Q1 2025, the Company achieved consolidated sales revenue of EUR 22.049 million (+26.9% YoY). EBITDA for the quarter amounted to EUR 1.206 million (+54,0% YoY).
• Notable revenue increases were achieved in electricity generation, growing by 11.5% YoY to EUR 4.178 million due to higher MWh prices, and in other segments which rose by 31.1% YoY to EUR 17.871 million, fueled by a substantial rise in PV technology sales, EPC and O&M contracts.
• EBITDA margins improved in the electricity generation and New Energy segments, showing the strength of the Company’s core business, while margins in the engineering segment declined because of delays and cost overruns in EPC contracts, which affected overall profitability.

 

Amsterdam – 19 May 2025 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (the “Group” or the “Company”) announces a solid start to the financial year 2025, reaffirming the positive trajectory of its long-term objectives.

“The financial results for Q1 2025 demonstrate solid revenue growth and a significant expansion of EBITDA year-on-year. By maintaining a balanced 50/50 split between merchant exposure and fixed revenues (feed-in tariffs and green bonuses), we achieved strong average revenues per MWh of electricity generated, effectively offsetting lower output with higher realized prices. As a result, average revenue rose from €133/MWh in Q1 2024 to €185/MWh in Q1 2025—a 39.1% increase driven by stronger market prices and a greater share of FiT-backed generation. Overall, these results reflect both robust financial performance and key operational progress. While transformative change takes time, we remain confident in our trajectory, and this quarter’s achievements reaffirm the success of our strategic initiatives,” said Georg Hotar, CEO of Photon Energy Group.