7C Solarparken AG: H1 2026 EBITDA ahead of plan, battery roll-out accelerated

Bayreuth (pta009/22.09.2026/08:30 UTC+2)

7C Solarparken (WKN: A11QW6, ISIN: DE 000A11QW68) announces that Group EBITDA for the first half of 2026 came in at EUR 28.9 million, above the Company's own plan. The Company's full-year EBITDA guidance of EUR 50 million assumed EBITDA of EUR 27 million for the first half of 2026. Against the prior-year figure of EUR 32.8 million, the decrease is attributable to two effects: less irradiation and a less favorable swap contract.

For the first time in several years, the market environment has improved. The number of negative price hours fell by 24% to 295 hours, from 389 hours in the prior-year period, even though German solar feed-in rose by 10.8% and the market share of solar generated power increased from 18.8% to 19.6%. The monthly PV price accordingly rose from EUR 36/MWh in the first half of 2025 to EUR 44/MWh in the first half of 2026. The Group's average feed-in price nevertheless declined from EUR 159/MWh to EUR 150/MWh, almost entirely due to the swap agreements on PV market price coming down from € 70/MWh on annual basis to ~€ 40/MWh for Q2 and Q3'26. Uncurtailed electricity production rose by 5.6% to 263 GWh and metered production by 3.0% to 230 GWh (~465 kWh/kWp). The difference of 32.9 GWh, or 12.5% of production, is entirely attributable to curtailment, of which 18.9 GWh relates to redispatch measures imposed by grid operators and compensated as if the plant had produced power. Cash flow per share amounted to EUR 0.31 per share, against EUR 0.33 per share in the prior-year period, on a 7.4% lower average share count.

Half-year impairment calculations of the solar and wind portfolio lead to the recognition of an impairment of EUR 5.4 million, compared to EUR 14.8 million in the comparable period. The impairment did not result from changed cash flow expectations but rather from the increased discount rate, as pre-tax WACC rose to 6.82% compared to 5.87% for the annual report 2025. The main driver for the hike in the discount rate was the 46 BP uptick in German government bond yield at the tenor relevant for a solar asset.

The group's net result nevertheless improved to EUR 0.6 million, from EUR −2.8 million in the first six months of 2025. Group Equity amounts to EUR 214.9 million which, less non-controlling interests of EUR 16.5 million, corresponds to a book value of EUR 2.71 per share, against EUR 2.66 per share at year-end. The equity ratio remains very solid at 44.5%, and net debt fell by a further 9% to EUR 87.4 million. Own shares of EUR 4.4 million were repurchased in the first half, and a further program was launched in August 2026.

FULL-YEAR OUTLOOK

The Management Board confirms its guidance for the full year 2026, with revenues of EUR 66.5 million, EBITDA of EUR 50 million and cash flow per share of EUR 0.50 per share. The full-year PV market value is now estimated at EUR 53/MWh (previously: EUR 45/MWh), with 515 negative hours expected (previously: 665). The second and third quarters are hedged under the 100 MWp PPA at approximately EUR 40/MWh; the fourth quarter no longer carries this hedge, so the current forward curve above EUR 120/MWh offers upside. Net debt of EUR 91.9 million has already been achieved but is expected to rise again towards year-end as a result of the accelerated battery program with corresponding investment.

The Group reports progress in the execution of its business plan, as i) the 20 MWp "Reuden Süd" installation has been on the grid since March 2026, followed in the third quarter by Bürgwindheim III (6 MWp) and a rooftop installation in Dresden, ii) capital expenditure of EUR 26 million is contractually committed for 2026 and 2027, comprising 34 MW / 78 MWh of battery storage and 18 MWp of new PV capacity including all grid connection charges, and iii) the share buy-back programme is continuing as planned . Today, the IPP portfolio stands at 504 MWp.

ROADMAP 2030

The roadmap published in September 2025 remains valid, but the battery programme is being accelerated. The Management Board now expects at least 30 MW of storage capacity by the end of 2027 and 60 MW by 2030. The basis for this is the regulatory framework, which became clearer during the reporting period: from 1 October 2026, MiSpeL allows the feed-in tariff to be retained on green kilowatt hours while grey volumes are marketed through the same connection point, whereas the draft EEG 2027 applies to new installations only and leaves the existing assets untouched. In parallel, the transmission system operators raised the 2040 target for large-scale storage in their scenario framework from 41 GW to 84 GW. The Group's economics continue to be shaped by the natural expiry of the high feed-in tariffs; the resulting cash flows fund the build-up of storage capacity, selective PV growth and the share buybacks.

A conference call for institutional and retail investors is scheduled for 22.09.2026 at 1:15 pm

The full half-year results will be published on our website in the following section: https://www.solarparken.com/en/publikationen.php.

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Emitter:	7C Solarparken AG An der Feuerwache 15 95445 Bayreuth Germany
Contact Person:	Koen Boriau
Phone:	+49 921 230557-77
E-Mail:	info@solarparken.com
Website:	www.solarparken.com
ISIN(s):	DE000A11QW68 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate BSX
Other Stock Exchanges:	London