PNE has lowered its consolidated EBITDA expectation for fiscal 2025 to between €45m and €60m based on preliminary figures.
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The company said its previous guidance anticipated consolidated EBITDA of €70m to €110m.
It added that the change is due to value adjustments in the project pipeline resulting from significantly altered market conditions in Canada, Spain and Romania.
Adjusted for these value adjustments, consolidated EBITDA would range from €70m to €80m, which PNE stated is within the earlier guidance.
The company said the adjustments do not affect liquidity and that they reflect all identifiable risks for valuing the project pipeline.
PNE will publish final 2025 financial figures and audited consolidated statements on 26 March 2026.