REG - Windar Photonics PLC - Trading Statement

Windar PhotonicsAnnouncement

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RNS Number : 5654M  Windar Photonics PLC  23 December 2025

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

23 December 2025

 

("Windar" or the "Company")

Trading Update

 

Windar Photonics plc (AIM: WPHO), the technology group behind the
LiDAR-assisted monitoring and optimisation solution for multiple wind turbine
platforms, provides the following update on current trading and strategic
progress.

Current trading

For the 12 months to 31 December 2025 (FY 2025) the Company now expects record
revenue of between €6.5m and €6.8m, representing growth of approximately
45% over 2024. With an improved gross margin, EBITDA is expected to be
neutral, compared with a loss in the prior year.

Although the FY 2025 turnover will be a record for the Company and reflects
the considerable potential of the business, it is nonetheless short of our
expectations* due to a delay in finalising an order in China with a
significant gross value. At this point in its rapid development, the Company
remains sensitive to large single orders affecting growth forecasts and this
order, for which products are ready to ship, will now move into FY 2026.

Overall, demand for Windar's technology continues to strengthen as customer
awareness increases of its ability to improve wind turbine power output by
2-4%, delivering a typical ROI within just two years.

*The Company believes consensus market expectations for FY 2025 to be for
Revenues of €9.45m and EBITDA of €2.2m

Growth Activities

As Windar transitions from a small to a significantly larger business, the
Company has focused on strengthening its operational, commercial and
manufacturing capabilities to support both current demand and future growth.
During FY 2025, the Company has made the following strategic progress:

·      Successfully concluded new orders for test projects in North
America and Germany across Senvion, Vestas, Siemens and General Electric
turbine platforms, which augurs well for FY 2026 and beyond

·      Opened a new, future-proof manufacturing facility, increasing
production capacity five-fold

·      Appointed new Vice Presidents of Sales for Europe and North
America in August and September respectively

·      Established an Advisory Board comprising leading figures from the
global wind industry

·      Windar's products are now expected to be installed on
approximately 25% of all V82 turbines in North America

Jørgen Korsgaard Jensen, Chief Executive, commented:

"Clear commercial interest from both existing and new customers underpins
Windar's considerable future potential. Over 12 months ago, we recognised the
need to expand our operational base and capacity in multiple areas if we were
going to achieve this potential. We have now done much of this work.

The tests completed on new turbines in North America and Germany bode well for
the business and with the manufacturing capacity now in place to deliver to
meet increased sales, together with our balance sheet strength, the business
is well placed to grow again in 2026."

 

For further information, please contact:

 Windar Photonics plc
 Jørgen Korsgaard Jensen, CEO         Tel: +45 24234930

 Søren Belmar, CFO                    Tel:  +45 53527276

 Zeus (Nominated Adviser and Broker)
 David Foreman /James Bavister        Tel: +44 (0) 20 3829 5000

 Novella Communications
 Tim Robertson / Safia Colebrook      Tel: +44 (0) 20 3151 7008

 

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