Soltec reduces structural costs by more than 50% and strengthens its position as a technology company specializing in solar trackers

• The company is resuming commercial operations after two fiscal years marked by a lack of guarantees and the completion of its financial restructuring (December 2025), and is making progress in technological development applied to its core business of supplying solar trackers.
• This revival and commercial effort are reflected in a pipeline exceeding 44 GW, spread across 420 projects and 26 countries, with more than 20 projects in the final stages of awarding.
• The transformation plan Soltec is implementing reduces overhead costs by more than 50% and enables the company to move toward a more efficient organization.
• The company has strengthened its corporate governance and international sales 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 loss for the Group of 28.2 million euros.
• A large portion of the losses is concentrated in the Energy division, with 16 million euros resulting from impairment charges and valuation adjustments. These adjustments do not involve cash outflows and therefore do not affect the company’s solvency.
• The Industrial division, Soltec’s core business under the new strategic plan, has achieved a profit of nearly one million euros.

Molina de Segura (Murcia), September 24, 2026. Soltec has presented its results for the first half of 2026, a period marked by the company’s return to commercial activity after two fiscal years in which a lack of guarantees and the financial restructuring process limited its ability to secure new projects. Having regained its ability to compete for new contracts, Soltec has focused 2026 on transforming the company at the operational level and consolidating its strategy as a technology company specializing in solutions for utility-scale photovoltaic projects that maximize profitability and performance for end customers.
This new phase is underpinned by technological innovation, financial discipline—with a reduction in structural expenses of more than 50%—and the creation of sustainable value through the development and implementation of state-of-the-art solar trackers as its core business line. The company is thus concentrating its resources on those activities in which it has the greatest technological expertise, gradually phasing out more capital-intensive businesses that generate less cash, have lower margins, and carry greater risk.

Results Affected by the Commercial Recovery Period

The 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, which was finally completed in December 2025, restricted Soltec’s ability to bid on and add new projects to its portfolio. During this period, the company reported sales of 9 million euros, reflecting the lack of business activity in previous years. On the other hand, the 28 million euros in consolidated net loss is largely attributable to the Energy division, which accounts for 25.7 million euros of these losses, including 16 million euros in impairment charges related to valuation adjustments for projects under development held 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 net profit of nearly one million euros as a result of measures aimed at mitigating operational risks stemming from prior fiscal years.
These results are part of a transitional fiscal year in which Soltec has resumed its commercial activity and continues to make progress in adapting its structure and operating model to the new scope of business.

A More Efficient and Specialized Structure

During the first half of the year, Soltec continued to implement its transformation plan with the goal of strengthening operational efficiency, improving its management capabilities, and aligning the organization with its new strategy. In this context, the company has completed the necessary adjustments to adapt its structure to the new environment.
At the same time, Soltec is updating its internal control systems and making progress on the implementation of a new SAP system, which will provide more detailed information at the project level and strengthen monitoring, control, and management capabilities.
These actions are part of a strategy based on specialization and financial discipline, aimed at building a more efficient business model focused on those activities in which Soltec possesses greater technological and competitive capabilities—activities with higher margins, lower capital intensity, and lower associated risks.

Strengthening Corporate Governance and International Presence

Soltec’s transformation has also been accompanied by an evolution of its governance model. During this new phase, the company has strengthened its corporate governance with a management team and a chairman who are independent of the owners, as well as the appointment of a new independent board member with more than 30 years of experience in the sector.
On the commercial and operational front, 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 and local knowledge to drive activity in strategic markets.
As a result of the gradual recovery in commercial activity, Soltec currently has a pipeline exceeding 44 GW, spread across 420 projects in 26 countries. During the first few months of the year, the company was selected for the final phases of more than 20 projects, which are currently awaiting final award.
Throughout 2026, the company has complemented this commercial expansion with its presence at some of the leading international photovoltaic trade shows in Brazil, Mexico, the United States, Italy, and Germany, while gradually resuming its commercial activities and participating in new tenders in its key markets.

Innovation to Maximize Value

In the words of its CEO, Mariano Berges: “The sector is entering a new phase in which the challenge is no longer solely to install more renewable capacity, but to maximize the value it generates by improving the performance, efficiency, and competitiveness of installations throughout their entire lifespan.”
In this context, Soltec is focusing its strategy on developing technological solutions aimed at improving the efficiency, productivity, and performance of photovoltaic installations, with state-of-the-art solar trackers as its main line of business.
The company is thus advancing its positioning as a technology firm specializing in the photovoltaic sector, relying on innovation, industrial excellence, its international experience, and responsible management to tackle this new phase.