Photon Energy Nv · GPW:PEN
Photon Energy Nv — Q2 2026 Earnings Presentation
19 slides from Photon Energy Nv's earnings presentation, Aug 20, 2026
Slide 1: Q2 2026 Results Conference
Q2 2026 Results Conference Georg Hotar, CEO Stanislav Zeman, CFO Photon Energy N.V. 20 August 2026
Slide 2: Disclaimer
Q2 2026 Results Conference Disclaimer This presentation is for information purposes only and may not be copied in whole or in part for any purpose, or forwarded to third parties or published. This presentation includes written material or slides for a presentation on Photon Energy N.V. (“the Company
Slide 3: Business Results, Financial Results, Group Restructuring, Q&As
Business Results Financial Results Group Restructuring Q&As Lord Howe Island, Australia (1.3 MWp / 3.7 MWh)
Slide 4: Business Results
Business Results Financial Results Group Restructuring Q&As Slavkov, Czech Republic (1.2 MWp)
Slide 5: Segment: Investments / Electricity Generation
Q2 2026 Results Conference Segment: Investments / Electricity Generation ► IPP portfolio unchanged over the past 12 month. No further investments ► Licensing updates: Sahateni (7.1 MWp) license received in July; Faget 3 in the expansion of the Group’s proprietary portfolio are envisaged under (7.5 M
Slide 6: Segment: Investments / Revenues
Q2 2026 Results Conference Segment: Investments / Revenues ► Revenues from electricity generation totalled EUR 9.821 million recorded in Romania (fully merchant), where prices increased from EUR (+20.5% YoY), reflecting stronger generation volumes (55.1 GWh, +10.0% 57/MWh to EUR 67/MWh (+16.7% YoY).
Slide 7: Segment: Technology Trading
Q2 2026 Results Conference Segment: Technology Trading PV Technology Volumes (MW) Revenues (EUR 000s) EBITDA (EUR 000s) 12,000 500 Inverters, MW 10,000 +55.8% 400 8,000 300 Modules, MW 6,000 454 9,792 200 4,000 311 6,284 Batteries, MWh 100 2,000 0 0 0 10 20 30 40 50 60 70 Q2 2025 Q2 2026 Q2 2025 Q2
Slide 8: Segment: O&M
Q2 2026 Results Conference Segment: O&M Contracted Capacity (MWp) Revenues (EUR 000s) EBITDA (EUR 000s) 2,000 1,500 0 +22.7% -125 1,384 1,500 +24.8% -100 1,109 1,000 -200 -366 1,000 1,366 500 1,114 500 -300 0 0 -400 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 O&M Cardio Assets under Management B
Slide 9: Segment: New Energy – Under Restructuring
Q2 2026 Results Conference Segment: New Energy – Under Restructuring DSR/Contracted Capacity (MW) Revenues, Adjusted (EUR 000s) EBITDA (EUR 000s) 300 7,000 6,615 500 239 6,000 124 5,000 4,512 0 200 -67.0% 4,000 -500 3,000 100 79 2,000 -1,000 -960 1,000 0 0 -1,500 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2
Slide 10: Segment: Engineering – Under Restructuring
Q2 2026 Results Conference Segment: Engineering – Under Restructuring Revenues (EUR 000s) EBITDA (EUR 000s) 7,000 1,000 5,248 5,000 500 226 3,000 0 1,000 -500 261 Q2 2025 Q2 2026 -1,000 -839 -1,000 Q2 2025 Q2 2026 ► Revenues amounted to EUR 0.261 million in Q2 2026 compared to EUR ► Consequently, th
Slide 11: Financial Results
Business Results Financial Results Group Restructuring Q&As Siria, Romania (5.7 MWp)
Slide 12: Financial Results
Q2 2026 Results Conference Financial Results In thousand EUR Q2 2026 Q2 2025 YoY change H1 2026 H1 2025 YoY change Total revenues 28,379 25,707 10.4% 45,456 47,756 -4.8% of which from electricity generation 9,821 8,151 20.5% 13,298 12,329 9.6% other revenues 18,558 17,556 5.7% 32,158 35,427 -9.8% EB
Slide 13: Balance Sheet
Q2 2026 Results Conference Balance Sheet Assets 300,000 EUR 271.9 M Total assets -1.3% EUR 268.4 M 275,000 10.6 M 8.8 M ► Fixed assets amounted to EUR 221.553 million compared to EUR 224.825 250,000 36.6 M Current assets -0.5% 38.6 M million at the end of 2025. The decline of EUR 3.272 million was p
Slide 14: Cash Flow
Q2 2026 Results Conference Cash Flow ► Operating cash flow of EUR 5.920 million compared to EUR 8.201 In thousand EUR Q2 2026 Q2 2025 million in comparable period last year. The operating cash flow, despite Operating cash flow 5.920 8.202 negative profit was supported by adjustments related to depre
Slide 15: Group Restructuring
Business Results Financial Results Group Restructuring Q&As Aiud, Romania (4.7 MWp)
Slide 16: Strategic Priorities and Restructuring Updates
Q2 2026 Results Conference Strategic Priorities and Restructuring Updates Objective: Review of all business activities, prioritising liquidity preservation, ► A reduction in overhead and operating expenses of approximately EUR 1.6 cash generation and cost reduction, while discontinuing loss-making m
Slide 17: GREEN EUR Bond 2021/27 Restructuring
Q2 2026 Results Conference GREEN EUR Bond 2021/27 Restructuring Bond GREEN EUR Bond 2021/2027 On 30 July 2026, the Management Board published Invitation to Vote to participate in a vote without a physical meeting. Volume outstanding EUR 78.8 million The resolutions submitted for approval are prepara
Slide 18: Q&A
_™ Photon Energy Group Q&A
Slide 19: Thank you for joining us today!
Thank you for joining us today!