New Risk • Jun 30
New major risk - Revenue and earnings growth Revenue has declined by 13% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risk Revenue has declined by 13% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (UK£25.6m market cap, or US$33.9m). Announcement • Jun 24
Windar Photonics plc Revises Revenue Guidance for the Fiscal Year Ending December 31, 2026 Windar Photonics PLC revised revenue guidance for the fiscal year ending December 31, 2026 . For the year, the company expects the Company to generate revenues of circa €1.8 million for FY26 (compared with previous guidance of €7.8 million). The Board has identified two major customer orders worth €6m, which were expected to be delivered in H2 2026, which are now on hold but there is a fair possibility will not be awarded to Windar. Announcement • Apr 23
Windar Photonics plc Appoints Andreas Berg Nielsen as Chief Executive Officer, Effective June 1, 2026 Windar Photonics plc announced the appointment of Andreas Berg Nielsen as Chief Executive Officer, effective June 1, 2026. Andreas is currently a Non-Executive Director of the Company. Andreas brings more than 15 years of international leadership experience within the wind energy and industrial B2B sector, with a strong track record in developing clear go-to-market strategies, scaling commercial organisations, and delivering performance improvements across sales, operations and aftermarket services. He has held a number of senior leadership roles and has extensive experience across European and North American markets in the sector. Andreas currently serves as Vice President, Sales & Commercial at KK Group, where he has played a central role in the successful turnaround and integration of acquired businesses and the expansion of international commercial operations. Prior to that, he held a number of senior management positions at Siemens Gamesa Renewable Energy, covering sales, project execution, production and business development. He holds a Master's degree in Business Administration from Aarhus University (Denmark), including an academic exchange at Sheffield Hallam University (UK). 
