Solaria Energía y Medio Ambiente
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Solaria Energía y Medio Ambiente (SLR) investor relations material

Solaria Energía y Medio Ambiente Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary24 Sep, 2026

Executive summary

  • Achieved record H1 2026 results with 51% production growth to 1,717 GWh, revenue up 44% to €223.3 million, and net profit rising 52% to €124.9 million, driven by new capacity and data centre infrastructure growth.

  • EBITDA increased 50% to €210.1 million, reaching 64% of the annual target in H1.

  • Infrastructure sales surged 355% year-over-year to €99.6 million, exceeding all of 2025's total.

  • Major project milestones included environmental approvals for large solar and battery projects in Italy and Spain, and new long-term PPAs for solar and storage.

  • Strong outlook for H2 2026, supported by higher energy prices, expanded battery storage, and reaffirmed multi-year EBITDA targets.

Financial highlights

  • Total revenues reached €223.3 million (+44% YoY), with EBITDA at €210.1 million (+50% YoY) and net profit at €124.9 million (+52% YoY).

  • EBIT increased 55% to €180.0 million, with margins improving to 81%.

  • Cash and cash equivalents rose to €209.4 million, up 186% from FY 2025.

  • Net financial debt reduced to €1,146 million, with leverage down to 3.9x from 5.4x.

  • Investments totaled over €276 million in H1 2026.

Outlook and guidance

  • Reaffirmed EBITDA targets: €331 million for 2026, €456 million for 2027, and €521 million for 2028.

  • H2 2026 expected to accelerate earnings growth, supported by higher merchant prices and new capacity additions.

  • 3.6 GW in operation targeted by year-end 2026, with significant BESS deployment underway.

  • Capital efficiency and cost efficiency program underway, targeting €7 million in annualized savings.

  • Strategic plan and growth targets to be updated at Investor/Capital Markets Day in November 2026.

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Frequently asked questions

Solaria Energía y Medio Ambiente, S.A. specializes in the generation of solar photovoltaic energy. The company designs, installs, and operates solar energy plants, focusing on renewable energy solutions. It provides turnkey services, including the development, management, and maintenance of photovoltaic plants across several countries, including Spain, Italy, Portugal, Uruguay, and Greece. Solaria's operations are divided into three main areas: photovoltaic and thermal panel production, project management (including licensing and technical oversight), and energy generation from its own photovoltaic facilities. The company is headquartered in Madrid, Spain, and its shares are listed on the Madrid Stock Exchange.