Quarterly results: PNE AG on the home stretch for a successful FY 2025

EQS-News: PNE AG / Key word(s): 9 Month figures Quarterly results: PNE AG on the home stretch for a successful FY 2025 13.11.2025 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate news

Quarterly results: PNE AG on the home stretch for a successful FY 2025

• First project sales successfully completed in Q3
• New permits for wind energy and PV projects with total output of 510 MW
• FY 2025 guidance confirmed

 

Cuxhaven, 13 November 2025 – PNE AG looks back on a successful third quarter of 2025, which is also reflected in the sale and commissioning of wind farms. Many new permits and an expansion of the project pipeline in the core markets compared to the end of 2024 also form the foundation for further success.

For the first nine months of 2025, the Group reported higher total output of EUR 263.7 million (previous year: EUR 210.9 million), revenues of EUR 142.2 million (previous year: EUR 77.6 million) and earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 26.6 million (previous year: EUR 6.2 million). The operating result (EBIT) amounted to EUR –2.2 million in the first nine months of 2025 (previous year: EUR –17.8 million). Basic earnings per share stood at EUR –0.47 (previous year: EUR –0.64).

Following significantly poor wind conditions in the first quarter, wind levels improved over the course of the following two quarters. This compensated for some of the weak wind yield at the beginning of the year, but overall 2025 remains a weak wind year to date. As a consequence, PNE’s own wind farms’ power generation was lower than planned, with a corresponding effect on this segment’s result.

“We are on the home stretch for a successful 2025 financial year,” comments Heiko Wuttke, CEO of PNE AG. “Our first successful project sales have taken place as planned. Sales negotiations for further projects in Germany and in international markets are close to being finalised. As a consequence, we anticipate further sales in Germany, Poland or France during the fourth quarter.”