New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Upcoming Dividend • May 14
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 20 May 2026. Payment date: 22 May 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Italian dividend payers (4.5%). In line with average of industry peers (0.7%). Declared Dividend • Apr 17
Dividend of €0.04 announced Shareholders will receive a dividend of €0.04. Ex-date: 20th May 2026 Payment date: 22nd May 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. 공시 • Apr 08
PNE AG, Annual General Meeting, May 19, 2026 PNE AG, Annual General Meeting, May 19, 2026, at 10:00 W. Europe Standard Time. Declared Dividend • Apr 06
Dividend of €0.04 announced Shareholders will receive a dividend of €0.04. Ex-date: 20th May 2026 Payment date: 22nd May 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Mar 27
Full year 2025 earnings released: €0.56 loss per share (vs €0.17 loss in FY 2024) Full year 2025 results: €0.56 loss per share (further deteriorated from €0.17 loss in FY 2024). Revenue: €249.2m (up 18% from FY 2024). Net loss: €43.1m (loss widened 222% from FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • Mar 26
New major risk - Revenue and earnings growth Earnings have declined by 55% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 55% per year over the past 5 years. 공시 • Jan 16
PNE AG to Report Fiscal Year 2025 Results on Mar 26, 2026 PNE AG announced that they will report fiscal year 2025 results on Mar 26, 2026 New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Reported Earnings • Nov 15
Third quarter 2025 earnings released: €0.076 loss per share (vs €0.38 loss in 3Q 2024) Third quarter 2025 results: €0.076 loss per share (improved from €0.38 loss in 3Q 2024). Revenue: €71.2m (up 319% from 3Q 2024). Net loss: €5.80m (loss narrowed 80% from 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 19
Second quarter 2025 earnings released: €0.26 loss per share (vs €0.20 loss in 2Q 2024) Second quarter 2025 results: €0.26 loss per share (further deteriorated from €0.20 loss in 2Q 2024). Revenue: €46.0m (up 57% from 2Q 2024). Net loss: €19.7m (loss widened 26% from 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. 공시 • May 28
PNE Launches Wattmate: A New Platform for Electricity Marketing With Wattmate, the PNE Group is launching a digital platform that offers operators of wind and solar farms a simple and transparent way to conclude short and long-term marketing contracts - supplemented by individual advice. The aim is to optimise the economic marketing of the electricity generated in line with the plant and the current market situation. This includes marketing solutions ranging from traditional direct marketing to longer-term Power Purchase Agreements (PPAs). Wattmate utilises the PNE Group's many years of expertise in PPA transaction consulting. Well-founded experience, bundling of various individual enquiries and extensive contacts to the most important market participants enable operators to achieve the best results. Operators can easily create their wind or solar farm themselves on the platform using data from the market master data register. Once they have uploaded their load profile, they can start the tendering process for their park. Wattmate uses the data provided to request suitable offers from marketers or industrial customers. These offers are stored on the platform in a structured manner so that the operators can choose one. The Wattmate team supports operators with personalised advice when selecting, reviewing and negotiating the contract. Wattmate not only offers marketing, but also transparency: In addition to current market data such as prices for guarantees of origin, Wattmate publishes its own PPA price index and detailed market value forecasts for wind and solar power - both for the coming months and for the next few years. These forecasts help operators to recognise market developments at an early stage and make informed decisions about the best time to conclude a contract. Operators can now register their park at and obtain their individual marketing offer. As a digital platform, Wattmate offers operators of wind and solar parks a simple and transparent way of concluding marketing contracts - supplemented by personalised advice. 공시 • May 16
PNE AG Approves Dividend PNE AG announced that at its AGM held on 13 May 2025, the shareholders approved dividend of EUR 0.04 per share. 공시 • May 15
PNE AG Approves Special Dividend PNE AG announced that at its AGM held on 13 May 2025, the shareholders approved special dividend of EUR 0.04 per share.