PNE reports significant earnings growth in the first nine months of2026

Corporate news Normalised EBITDA rises to EUR 45.4million Wind energy and photovoltaic projects totalling around 361MW sold Permits secured for projects with total capacity of around 965MW One of the best full-year results of the past ten years expected Cuxhaven, 12 November 2026 - PNE AG achieved significant operational progress in the first nine months of 2026, despite a market environment that continues to be very challenging. In Germany and international markets, the company sold wind energy and photovoltaic projects with a total capacity of approximately 361MW. At the same time, PNE secured permits for additional wind energy and photovoltaic projects with capacity amounting to around 965MW. For the first nine months of2026, the Group reported a revenue of EUR 150.7million (previous year: EUR 142.2million) and a gross profit of EUR 134.8 million (previous year: EUR 111.1 million. Normalised EBITDA increased markedly year-on-year from EUR 26.6million to EUR 45.4million. Reported EBITDA rose from EUR 26.6million to EUR 43.9million. The operating result (EBIT) also improved substantially to EUR 15.0million, compared with EUR –2.9million in the previous year. “We achieved a lot in operational and financial terms with a strong growth compared to the first nine months in 2025, performing in a market environment that continues to be challenging. With project sales and new permits we have again demonstrated the substance and potential within our project pipeline,” comments HeikoWuttke, CEO of PNEAG. “This gives us further grounds for optimism, also in view of the ongoing sales process, in which there are several interested parties.” Project pipeline remains at high level The PNE Group’s project pipeline remains at a high level. As of 30 September2026, the wind energy onshore pipeline comprised projects with around14.3 GW of capacity (31 December 2025: 14.6GW). Photovoltaic projects add around 6.9GWp (31December2025: 7.2GWp). Overall, around 11.9 GW of the project pipeline is attributable to the three core markets of Germany, France and Poland. PNE also made important progress in project sales during the first nine months. In the third quarter, the company sold the “Kuhstedt III + IV” wind farm (20.6MW) and “Wulfsdorf A” wind farm (24.4MW) in Germany and the “Karolew” wind farm (153.0MW) in Poland. PNE had already sold three additional wind farms in Germany in the first half of the year, as well as a total of five wind energy and photovoltaic projects in Poland and France. Own generation portfolio and services on positive trend The PNE Group’s own generation portfolio had installed capacity of 484MW. In the first nine months, the plants generated around589GWh of green electricity, reflecting around twelve per cent year-on-year growth. The services business is also being strategically expanded. In the future market for battery energy storage operations, the PNE Group has secured three mandates with a total capacity of 281MWh. In addition, the order volume handled by the PNE Group in operations management increased from around 3,103 MW as of 31 December 2025 to around 3,288 MW of wind energy capacity. Guidance for the 2026 financial year After adjusting its guidance in October, PNE now expects normalised consolidated EBITDA of between EUR 65million and EUR 80million for the 2026 financial year, thereby continuing to rank among the best results of the past ten years.   The statement for the third quarter of 2026 from PNEAG is available here: https://www.pnegroup.com/fileadmin/user_upload/Finanzberichte/2026/261111_PNE_Quarterly_Statement_Q…   About the PNE Group The internationally operating PNE Group is listed in the SDAX. For more than 30 years, it has been one of the most experienced project developers in the area of onshore and offshore wind farms. The focus is on the development of wind energy and photovoltaic projects worldwide as well as on power generation with its own wind farms. Its portfolio covers all project planning phases, from site investigation, permitting procedures and financing through to construction, operation and repowering. As a Clean Energy Solutions Provider, the PNE Group also offers services for the entire life cycle of wind farms and photovoltaic power plants, as well as battery storage solutions for more efficient use of renewable energies. Contact:
PNE AG
Alexander Lennemann
Head of Corporate Communications
Tel: +49 47 21 7 18 – 453
E-mail: alexander.lennemann@pnegroup.com
PNE AG
Head of Investor Relations
Christopher Rodler
Tel: +49 40 879 33 – 114
E-mail: christopher.rodler@pnegroup.com