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). Announcement • Apr 17
Windar Photonics plc Provides Revenue Guidance for the Fiscal Year 2026 Windar Photonics PLC provided revenue guidance for the fiscal year 2026. For the year, the company expects at least €7.8 million in Fiscal Year 2026, representing growth of at least 22% over the prior year. New Risk • Apr 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: €1.3m Forecast net loss in 1 year: €805k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Currently unprofitable and not forecast to become profitable next year (€805k net loss next year). Market cap is less than US$100m (UK£26.6m market cap, or US$36.0m). 
