REG - Windar Photonics PLC - Update on Expectations

Windar PhotonicsAnnouncement

11/06/2025 07:00

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RNS Number : 2907M  Windar Photonics PLC  11 June 2025

11(th) June 2025

("Windar" or the "Company")

Update on Expectations for FY24

 

Windar Photonics PLC (AIM:WPHO), the technology group that has developed a
LiDAR-assisted monitoring and optimization solution across multiple wind
turbine platforms, announces an update to expectations for the year to 31
December 2024.

 

On 24(th) March 2025 the Company announced expectations for 2024 of revenue of
€5.7m and EBITDA of circa €0.4m. During the audit of the Group's Financial
Statements it has emerged that a single delivery of product that was shipped
to a customer in the second half of December 2024 and for which Windar
received payment in early January 2025 did not meet the requirements under IAS
to be recognised within 2024. As such this order with revenue of €1.25m will
be reported as falling within 2025.

 

As a result of this adjustment, expectations for 2024 revenue are €4.6m with
an EBITDA loss for the year of circa €0.4m.

 

This change purely relates to accounting years and has no financial impact on
the business. The Board looks forward to announcing the audited results for
2024 in the second half of June 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. Upon the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.

 

 

For further information, please contact:

 

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

 Grant Thornton UK LLP - Nominated Adviser
 Philip Secrett / Harrison Clarke / Elliot Peters  Tel: +44 (0) 20 7383 5100

 Dowgate Capital - Broker
 James Serjeant / Russell Cook                     Tel: +44 (0) 20 3903 7715

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

 

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