3U HOLDING AG: Operational recovery in the first half of 2026 despite adjusted full-year forecast

Marburg (pta018/13.08.2026/08:00 UTC+2)

• Operational turnaround: Group EBITDA significantly positive again at EUR 2.1 million (H1 2025: EUR –0.3 million)
• Repowering of the Langendorf wind farm completed – Renewable Energies segment with strong growth
• Group result burdened by non-cash impairment on the Bitcoin holdings
• Forecast for the 2026 financial year adjusted (ad hoc announcement dated 29 July 2026)

Marburg, 13 August 2026 – In the first half of 2026, 3U HOLDING AG (ISIN DE0005167902; ticker symbol: UUU) reached an operational turning point. In an environment marked by geopolitical tensions, higher energy and raw material prices and renewed inflation, Group EBITDA returned to positive territory. The recovery was driven by the Renewable Energies and ITC segments, while the HVAC segment is being consistently aligned towards profitability. The Group result remained negative owing to a non-cash impairment on the Bitcoin holdings.

Group revenue in the first half of 2026 fell by 13.8 % to EUR 24.4 million (H1 2025: EUR 28.3 million). The decisive factor was the HVAC segment, which – in the course of its realignment and against the backdrop of a persistently weak market environment – deliberately accepted lower revenue. Group EBITDA improved to EUR 2.1 million (H1 2025: EUR –0.3 million) and the EBITDA margin to 8.5 % (H1 2025: –0.9 %). The Group result amounted to EUR –12.6 million (H1 2025: EUR –2.7 million) and earnings per share to EUR –0.37 (H1 2025: EUR –0.08). The decline was essentially due to an unscheduled impairment of EUR 9.9 million on the Bitcoin holdings following the price decline as at the reporting date; it does not affect EBITDA but has a full impact on the Group result. As at 30 June 2026, the 3U Group employed 177 staff (FTE; 31 December 2025: 205); the decrease is predominantly attributable to the restructuring in the HVAC segment.

Christoph Hellrung, CFO of 3U HOLDING AG, said: "In the first half of 2026 we achieved the operational turnaround: Group EBITDA is significantly positive again, driven by the Renewable Energies and ITC segments. The fact that the Group result is nevertheless negative is due to a non-cash impairment on our Bitcoin holdings – not to the operating business. In the HVAC segment we are consistently aligning the business towards profitability and are temporarily accepting lower revenue to do so. With the completed repowering project at the Langendorf wind farm and a significantly improved liquidity position, we are soundly positioned to continue the recovery we have set in motion."

The ITC segment confirmed its role as a stable, highly profitable business unit within the Group. With slightly lower revenue of EUR 6.5 million (H1 2025: EUR 7.0 million; –7.1 %), EBITDA improved by 18.0 % to EUR 1.8 million (H1 2025: EUR 1.5 million). The EBITDA margin rose significantly to 28.1 % (H1 2025: 22.1 %). This development was driven by a targeted focus on the product and customer mix and by the expansion of the high-margin Managed Services business line.

The Renewable Energies segment increased its revenue by 69.8 % to EUR 4.2 million (H1 2025: EUR 2.5 million); EBITDA rose by 130.6 % to EUR 3.6 million (H1 2025: EUR 1.6 million) and the EBITDA margin improved to 86.1 % (H1 2025: 63.4 %). The key driver was the completion of the repowering project at the Langendorf wind farm: since 2 March 2026, all five new wind turbines have been feeding into the grid; the installed nominal capacity of the Group's own wind and solar portfolio thus rose from 53 MW to 73 MW. Given below-average wind conditions, the growth was based above all on the additional capacity. In the medium term, the Group aims to increase its installed capacity to more than 100 MW through further projects.

In the HVAC segment, the first half of the year was characterised by the consistent realignment of Selfio SE. Against the backdrop of persistently weak construction activity and subdued modernisation demand, less profitable business was deliberately scaled back; segment revenue declined accordingly by 26.4 % to EUR 14.2 million (H1 2025: EUR 19.3 million). At EUR –1.7 million, EBITDA was below the prior-year figure (H1 2025: EUR –1.4 million), and the EBITDA margin was –12.0 % (H1 2025: –7.2 %). The measures initiated initially reduced revenue and had not yet translated into an improvement in earnings. A leaner product range, more efficient procurement and logistics processes and the full integration of the EMPUR group along the three-tier sales model comprising B2C, B2B and wholesale are intended to gradually return the segment to profitability.

The Group is maintaining its treasury strategy unchanged. As at 30 June 2026, 3U held 427.1 Bitcoin with a carrying amount of EUR 21.9 million. The investment serves to deploy surplus liquidity and is clearly subordinate to the financing of the operating business and growth initiatives. On 3 June 2026, the Annual General Meeting resolved by a broad majority to expand the corporate purpose to include the acquisition, holding and management of crypto assets and real estate. The net assets and financial position remain sound: cash and cash equivalents improved significantly to EUR 27.4 million (31 December 2025: EUR 12.5 million). At 39.9 %, the equity ratio was below the year-end figure (49.8 %), which is largely attributable to the impairment on the Bitcoin holdings and the growth-related debt financing of the Langendorf repowering.

Outlook: forecast for the 2026 financial year adjusted

Owing to the persistent burdens in the HVAC segment, the Management Board adjusted its forecast for the 2026 financial year and announced this by ad hoc announcement on 29 July 2026. It now expects Group revenue of EUR 48 million to EUR 53 million (previous forecast: EUR 55 million to EUR 60 million) and Group EBITDA of EUR 4 million to EUR 6 million (previous forecast: EUR 6 million to EUR 8 million). The decisive factor is the HVAC segment, in which the subdued construction activity and the restrained spending by private households are lasting longer than initially expected; for the ITC and Renewable Energies segments, the plans remain unchanged. For the second half of 2026, the Management Board expects a stable performance in the ITC and Renewable Energies segments, while the HVAC segment is likely to remain subdued given the weak market environment.

Further detailed information on business performance in the first half of 2026 is provided in the half-year financial report, available at www.uuu.de.

Group results at a glance

* Free cash flow as of 30 June 2025.
In tables, rounding differences may occur for arithmetical reasons.

Contact:

Investor Relations

Email: ir@uuu.de

About 3U:

3U HOLDING AG, headquartered in Marburg, was founded in 1997. As an operating management and investment holding company, it heads the 3U Group. With the aim of creating value for its shareholders, employees, customers, suppliers and all stakeholders, it acquires, operates and sells companies in the three segments ITC (Information and Telecommunications Technology), Renewable Energies and HVAC (Heating, Ventilation and Air Conditioning). With these business models, the 3U Group operates in the megatrends of digitalisation, the energy transition and energy-efficient building refurbishment. The shares of 3U HOLDING AG are traded on Xetra, Tradegate and the German regional stock exchanges (ISIN: DE0005167902; ticker symbol: UUU). For more information, visit www.uuu.de.

Disclaimer

This release contains forward-looking statements based on current assumptions and assessments made by the Management Board. Such statements are subject to risks and uncertainties; actual developments may therefore differ materially from the expectations expressed herein. There is no obligation to update forward-looking statements.

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Emitter:	3U HOLDING AG Zu den Sandbeeten 1b 35043 Marburg Germany
Contact Person:	Investor Relations
E-Mail:	ir@3u.net
Website:	www.3u.net
ISIN(s):	DE0005167902 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate BSX