7C Solarparken AG: H1'25 EBITDA up by 41%, Roadmap 2030 released

Bayreuth (pta024/17.09.2025/17:35 UTC+2)

7C Solarparken group (WKN: A11QW6 / ISIN: DE000A11QW68) announces that group EBITDA for the first half 2025 is substantially above the comparative period last year thanks to more favorable weather conditions, the absence of last year's one-off impairment on a receivable related to the 20 MWp project Reuden Süd (nearby Bitterfeld). EBITDA rose from EUR 23.2 Mio in H1'24 to EUR 32.8 Mio in H1'25. The company's full-year EBITDA guidance of EUR 51 Mio assumed H1'25 EBITDA of EUR 28 Mio.

Against a record of negative electricity prices, these results demonstrate the quality of the portfolio and its underlying profitable model whereby swaps, curtailment and intraday optimization are key differentiators to benefit from low/negative prices. Despite substantially lower swap rates and a monthly PV price that fell from EUR 44/MWH in H1'24 to EUR 37/MWH in H1'25, the group succeeded in maintaining its capture price at a level of EUR 159/MWH. The strong operational results also translate in a Cash Flow per share over the first half of 2025 of EUR 0.33/share versus EUR 0.21/share in the comparable period.

In the context of its Roadmap 2030, management has developed a new market price scenario and anticipates lower market prices, but also less negative hours. Because of the new market price conditions, the group has conducted a valuation test on its solar and wind assets which resulted in an impairment corresponding to 4% of the total carrying amount of these assets (EUR 14.7 Mio or EUR 0.18/share). The group's equity therefore drops from EUR 238.6 Mio on 31 December 2024 to EUR 233.8 Mio at the end of the first half 2025. When deducting minorities of EUR 18.3 Mio., this equals a book value of EUR 2.65/share. Equity ratio remains very solid at 44%, with net debt dropping by another 11% to EUR 101 Mio.

FULL-YEAR OUTLOOK

Although irradiation in the second half of the year has been poor so far in comparison to last year and normal values, management is highly confident on the figures for the full year. The EBITDA and CFPS guidance are therefore adjusted from EUR 51 Mio and EUR 0.50/share to "at least" EUR 51 Mio and "at least" EUR 0.50/share. PV market value for the full-year is estimated at EUR 45/MWH (previously: EUR 51/MWH) with and expected 573 negative hours (previously: 464).

The group announced strong progress on the priorities plan for 2025 as i) different parks are in ongoing rehabilitation process, ii) opportunistic growth continues with a decision to enter the batteries market, iii) the share buy program of 4.5 Mio shares is for almost 80% achieved and iv) management took a positive decision to complete the 20 MWP installation "Reuden Sud" following a negotiated solution with all stakeholders. The IPP portfolio is almost hitting the 500 MWP mark.

ROADMAP 2030

7C Solarparken will pursue its proven business model while expanding its scope with i) batteries via co-location utilizing its existing connection points and ii) a multi-market power sale model (as is done in Belgium). Until 2030 the group intends to lift its PV capacity by 10 MWP per year, to install 15 MW/30MWH per year in BESS capacity and plans to buy back shares in the amount of EUR 8 Mio per year (EUR 0.10/share). The group's economics are nevertheless, due to the natural expiration of its high feed-in tariffs (from the years 2007-10), expected to drop from EUR 51 Mio EBITDA in 2025 to EUR 31 Mio EBITDA in 2030 with CFPS falling to EUR 0.35/share in 2030 whilst net debt/EBITDA will fall to 1.2x mirroring a continued strong balance sheet.

A conference call is planned for Thursday September 18th 2025 at 08:30 am for institutional investors and at 6:00 pm for retail investors.

The full half yearly 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 Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate
Other Stock Exchanges:	London