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Photon Energy N.V. Sells 7.6 MWp of PV Operational Assets in Slovakia PHOTON ENERGY N.V. (NL0010391108)

25-09-2026 23:49:38 | ESPI | 27/2026
oUNI-EN: Photon Energy N.V. Sells 7.6 MWp of PV Operational Assets in Slovakia

 PAP
Data: 2026-09-25
Firma: PHOTON ENERGY N.V.
oSpis tresci:
1. REPORT
2. ESAP METADATE
3. INFORMATION ABOUT THE ENTITY
4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Nazwa arkusza: REPORT


POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 27 / 2026
Date of issue: 2026-09-25
Short name of the issuer
PHOTON ENERGY N.V.
Subject
Photon Energy N.V. Sells 7.6 MWp of PV Operational Assets in Slovakia
Official market - legal basis
Art. 17 ust. 1 Rozporządzenia MAR - informacje poufne
Unofficial market - legal basis
Contents of the report:
The management board of Photon Energy N.V. informs that it has entered into an agreement for the sale of eight photovoltaic power plants in Slovakia with a total installed capacity of 7.581 MWp _the "Portfolio"_. The Portfolio comprises eight wholly owned special purpose vehicles _SPVs_ operating photovoltaic power plants in Slovakia namely: EcoPlan 2 and 3 located in Mokra Luka _963 kWp each_, Fotonika _999 kWp_, Sun4ZVB and SUN4ZVC located in Babina _999 kWp each_, SK SPV 2 and 3 located in Jovice _979 kWp each_, and ATS Energy located in Blatná _700 kWp_. The whole Portfolio was sold to four private individuals who are strategic investors in PV assets in Slovakia. The Portfolio transaction was structured as a sale of shares in the SPV companies at an enterprise valuation of EUR 5.6 million, payable upon completion of the transaction.

The Portfolio generated revenues of approximately EUR 2.1 million and EBITDA of approximately EUR 1.65 million in 2025. As of 30 June 2026, the Portfolio had outstanding project financing of approximately EUR 4.1 million, which remains with the sold SPV companies and thus the Group's financial debt is reduced by this amount.

The transaction forms a part of the Group's ongoing efforts to optimize its asset portfolio, reduce financial debt, strengthen its liquidity position and facilitate the envisaged restructuring process.

According to the Company's assessment, the assets have a limited remaining feed-in tariff support period until 2030 or 2031 and require additional investment in connection with material capital expenditure obligations before year-end 2026. These investment commitments arise from the extension of the feed-in-tariff period from 15 to 20 years introduced in 2021 and expose the Group to certain regulatory uncertainties. A detailed analysis of the long-term repowering options after the end of the feed-in-tariff scheme for the Slovak portfolio, conducted in 2023, highlighted the unavailability of additional grid capacity and severe limitations on the extension of land usage rights, severely limiting value upside from repowering. In light of these considerations, and the Group's objective to limit further capital-intensive investments, the Company considers the divestment of the Portfolio an appropriate strategic step.
The Group continues owning 50% stakes in three PV power plants in Slovakia _Myjava, Polianka and Brestovec_ with a total installed capacity of 2.85 MWp. Land ownership and the plants' proximity to potential future energy users provide better long-term optionality than the power plants sold in the transaction. The project financing on these three joint venture power plants have been fully repaid in 2025 and thus they provide ongoing unencumbered free cash flow to the Group.

Upon completion of the transaction, the Group expects to reduce consolidated financial debt by approximately EUR 4.1 million as a result of deconsolidation, reduce required capital expenditures and related regulatory risks, secure funding to facilitate the envisaged restructuring process in the interest of the joint creditors and provide additional resources for the Group's immediate financing and working capital requirements, which are expected to benefit all stakeholders.
Annexes
File Description

Nazwa arkusza: ESAP METADATE


Legal framework Type of information
TRANSD Inside information
RegulatoryData
Collection Body PLKNF
Unique data record identifier
Type of submission New _to be used for new information_
Voluntary information flag
Date or period covered [Date or beginning of the period to which the information relates] 2026-09-25
Date or period covered [Date or end of the period to which the information relates] 2026-09-25
Personal data flag
Macierzyste państwo członkowskie, w stosownych przypadkach PL
DocumentReference
Język, w którym przekazano informacje Oryginał _ORIG_ czy tłumaczenie _TRAN_ Numer referencyjny pliku danych
PL ORIG
SubmittingEntity
Submitting entity LEI or Submitting entity name - natural person
RelatedEntity/LegalPerson
Entity LEI Size of the entity Industry sector_s_
315700YHFON9RJOPCK19 Large undertaking _acc. NACE_: K

Nazwa arkusza: INFORMATION ABOUT THE ENTITY


_fullname of the issuer_
_short name of the issuer_ _sector according to clasification
of the WSE in Warsow_
_post code_ _city_
_street_ _number_
_phone number_ _fax_
_e-mail_ _web site_
_NIP_ _REGON_

Nazwa arkusza: SIGNATURE OF PERSONS REPRESENTING THE COMPANY


SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2026-09-25 Georg Hotar Director Georg Hotar


Identyfikator raportu jjvuszwyf1
Nazwa raportu UNI-EN
Symbol raportu UNI-EN
Nazwa emitenta PHOTON ENERGY N.V.
Symbol Emitenta PHOTON ENERGY N.V.
Tytul Photon Energy N.V. Sells 7.6 MWp of PV Operational Assets in Slovakia
Sektor Energetyka (ene)
Kod 1083 HN
Miasto Amsterdam
Ulica Barbara Strozzilaan
Nr 201
Tel. +31 20 240 2570
Fax +31 20 240 2598
e-mail
NIP 8500.20.827
REGON
Data sporzadzenia 2026-09-25
Rok biezacy 2026
Numer 27
adres www
Serwis Ekonomiczny Polskiej Agencji Prasowej SA 2026 Copyright PAP SA - Wszelkie prawa zastrzezone.