7C Solarparken AG

Latest Results (13.06.2026):

7C Solarparken AG — first half (H1) 2025 (covering Q2 2025) reports a strong operating performance with EBITDA up 41% year‑on‑year to EUR 32.8 million and revenue rising to EUR 35.9 million, but records a H1 net loss of EUR 2.8 million after recognising EUR 14.8 million of impairment losses on property, plant and equipment. Management has raised full‑year 2025 EBITDA guidance to at least EUR 51 million and increased cash‑flow‑per‑share guidance to at least EUR 0.50; the company also continues its share buyback programme and published a Roadmap 2030 for growth and battery roll‑out.

EBITDA and guidance

EBITDA for H1 2025: EUR 32.8 million (up 41% vs H1 2024). Management raised full‑year 2025 EBITDA guidance to “at least” EUR 51 million and raised 2025 cash‑flow‑per‑share guidance to at least EUR 0.50.

Revenue and operational performance

Revenue for H1 2025: EUR 35.899 million (H1 2024: EUR 31.550 million). Specific yield in Germany was 553 kWh/kWp (+20% vs prior year), above long‑term average, aided by favourable weather and additional capacity.

Net result and impairments

Profit for the period: net loss of EUR 2.795 million (attributable to shareholders: EUR -3.877 million). The loss reflects impairment charges on property, plant and equipment totalling EUR 14.8 million taken in H1 2025 due to subdued medium/long‑term PV price expectations.

Profitability drivers and operating result

Depreciation, amortisation and impairment totalled EUR 33.275 million vs EUR 18.219 million in H1 2024, turning operating result (EBIT) slightly negative at EUR -0.455 million (H1 2024: EUR 5.020 million). Hedging and favourable weather helped offset weak spot PV prices.

Cash flow and liquidity

Net cash from operating activities: EUR 21.367 million in H1 2025. Cash and cash equivalents at 30 June 2025: EUR 85.844 million (unaudited); the company generated positive operating cash flow despite impairments.

Balance sheet, portfolio and investments

IPP portfolio capacity reached 494 MWp at 30 June 2025 (approaching 500 MWp). Group intends to invest ≈EUR 8 million in the Reuden‑Süd project in H2 2025. Roadmap 2030 targets: +10 MWp net portfolio per year, annual battery installations of 15 MW / 30 MWh, and annual share repurchases of EUR 8 million.

Capital structure and shareholder actions

Total equity: EUR 233.8 million at 30 June 2025. Management notes a carrying amount of EUR 2.65 per share post‑impairments and continues the share buyback programme initiated 3 April 2025; treasury share activity in H1 reduced the reserve for treasury shares.

Market environment and risk management

Spot PV prices were under pressure in Q2 2025 (trading ~EUR 18–30/MWh versus Q2 2024 at EUR 32–46/MWh) and Germany saw extended periods of negative prices. The Group mitigated market weakness through electricity price swap hedges on newer assets and favourable production on older, subsidised assets.