Soltec cuts structural costs by over 50% and reinforces its position as a technology company specialized in solar trackers

• The company returns to commercial activity after two years marked by the lack of guarantees and the closure of the financial restructuring (December 2025), and advances in the technological development applied to its core business of supplying solar trackers (trackers).
• The reactivation and the commercial effort are reflected in a pipeline exceeding 44 GW, distributed across 420 projects and 26 countries, with more than 20 projects in final award stages.
• The transformation plan Soltec is implementing reduces structural costs by more than 50% and allows it to move toward a more efficient organization.
• The company has strengthened its corporate governance and its international commercial structure with new business leaders for EMEA, Latin America and North America.
• First-half results show sales of 9 million euros and a consolidated net result for the Group of -28.2 million euros.
• Most of the losses are located in the Energy division, with 16 million euros stemming from impairments and valuation adjustments. These adjustments do not involve cash outflows, so they do not affect the company’s solvency.
• The Industrial division, Soltec’s core activity under the new strategic plan, has posted a positive result close to one million euros.

Molina de Segura (Murcia), September 24, 2026. Soltec has presented results for the first half of 2026, a period marked by the company’s return to commercial activity after two years in which the lack of guarantees and the financial restructuring process limited its ability to contract new projects. Having regained its ability to compete for new contracts, Soltec focused 2026 on transforming the company at the operational level and consolidating its strategy as a technology company specialized in solutions for utility-scale photovoltaic projects that maximize profitability and performance for end clients.

This new stage rests on technological innovation, financial discipline, with a structural expense reduction of more than 50%, and the creation of sustainable value through the development and deployment of next-generation solar trackers as the company’s main business line. The company thus concentrates its resources on activities where it holds greater technological specialization, progressively leaving behind more capital-intensive businesses with lower cash generation, weaker margins and higher risk.

Results shaped by the commercial reactivation period

Results for the first half of 2026 still reflect the impact of limited commercial activity in 2024 and 2025, years in which the lack of guarantees and the financial restructuring — finally closed in December 2025 — restricted Soltec’s ability to bid for and add new projects to its portfolio. During this period, the company posted sales of 9 million euros, reflecting the lack of commercial activity in prior years. Meanwhile, the 28-million-euro loss in consolidated net result stems largely from the Energy division, which recorded 25.7 million euros of these losses, including 16 million euros in impairments from valuation adjustments related to development projects intended for sale. However, these accounting adjustments do not involve cash outflows and therefore do not affect the company’s solvency.

The Industrial division, Soltec’s core business, achieved a positive net result close to one million euros, a result of measures aimed at mitigating operational risks carried over from previous years.

These results form part of a transition year in which Soltec has resumed its commercial activity and continues adapting its structure and operating model to the new business scope.

A more efficient, specialized structure

During the first half, Soltec continued executing its transformation plan to strengthen operational efficiency, improve its management capabilities and adapt the organization to its new strategy. In this context, the company has completed the adjustments needed to fit its structure to the new scenario.

In parallel, Soltec is renewing its internal control systems and advancing the rollout of a new SAP system, which will provide more detailed project-level information and strengthen monitoring, control and management capabilities.

These actions form part of a strategy based on specialization and financial discipline, aimed at building a more efficient business model focused on the activities where Soltec holds greater technological and competitive capabilities, with higher margins, lower capital intensity and lower associated risks.

Strengthened corporate governance and international presence

Soltec’s transformation has also come with an evolution of its governance model. During this new stage, the company has strengthened its corporate governance with a management team and a chairman independent of ownership, plus the addition of a new independent board member with more than 30 years of sector experience.

On the commercial and operational side, Soltec has also strengthened its international structure by appointing new business leaders for Europe, the Middle East and Africa (EMEA), Latin America and North America, combining international experience with local market knowledge to drive activity in strategic markets.

As a result of the gradual recovery of commercial activity, Soltec now holds a pipeline of more than 44 GW, spread across 420 projects and 26 countries. In the early months of the year, the company was selected for the final stages of more than 20 projects, currently pending final award.

Throughout 2026, the company has backed this commercial push with its presence at some of the leading international trade fairs for the photovoltaic sector in Brazil, Mexico, the United States, Italy and Germany, while gradually resuming its commercial activity and participation in new tenders in its key markets.

Innovation to maximize value

In the words of CEO Mariano Berges: “The sector is entering a new phase where the challenge is no longer just installing more renewable capacity, but maximizing the value it generates, improving the performance, efficiency and competitiveness of installations across their entire useful life.”

In this scenario, Soltec is focusing its strategy on developing technological solutions aimed at improving the efficiency, productivity and performance of photovoltaic installations, with next-generation solar trackers as its main business line.

The company thus advances its positioning as a technology company specialized in the photovoltaic sector, drawing on innovation, industrial excellence, international experience and responsible management to face this new stage.