Photon Energy Group's 2024 Annual Report Highlights Revenue Growth

Photon Energy N.V. has released its 2024 Annual Report, showcasing a 27.3% rise in consolidated revenues to EUR 89.9 million. The Engineering division led this growth with revenues soaring by 98.2%, while the New Energy division also saw a notable 32.7% increase. EBITDA more than doubled to EUR 7.8 million. However, the company recorded a net loss of EUR 13.2 million, a slight improvement from the previous year's loss.

Despite challenges, Photon Energy remains optimistic. The company anticipates growth in energy trading and a recovery in profitability for 2025, buoyed by rising electricity prices and expanded services. The O&M segment's asset threshold surpassed 1.0 GWp, while 326 MW of DSR capacity contracts were secured for 2025. Engineering revenues are expected to continue rising with ongoing contracts.

The report reflects Photon Energy's strategic focus on sustainable energy solutions and operational expansion, positioning it well for future growth.