Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and one of the leading players in Romania’s renewable energy sector, reports consolidated operating revenue of RON 354.0 million in the first half of 2026, up 84% compared to the same period of last year. This development was supported primarily by the expansion of the energy sales activity and the continued implementation of ongoing EPC projects. Revenue from current activity (turnover) reached RON 353.3 million, up 86% compared to the first half of 2025.
In the first half of 2026, the Group generated EBITDA of RON 5.1 million, compared to RON 9.1 million in the same period of the previous year, while consolidated net profit amounted to RON 1.6 million, compared to RON 2.0 million in H1 2025. Profitability for the period was mainly influenced by the structure of the portfolio of EPC projects under execution, their implementation stages and the timing of the recognition of the related margins, as well as by the level of trading margins generated by the energy sales business. Although percentage trading margins were below the level recorded in the comparable period, their impact was offset by the significant increase in business volumes.
“The first half of the year was marked by a high level of activity, as well as by the postponement of the contribution from certain major projects to subsequent periods. Our priority is to convert the scale of our commercial activity into sustainable profitability through careful project selection, increasing the contribution of energy from own production and leveraging synergies across the Group’s activities. At the same time, we continue to develop Simtel in international markets, where we see relevant opportunities for our expertise and integrated business model. The opening of our subsidiary in Italy, following our entry into the German and Swedish markets, reflects our ambition to build a strong regional group in the renewable energy sector ,” stated Mihai Tudor, CEO of Simtel Group.
From an operating segment perspective, the Energy Sales segment made the largest contribution to the Group’s consolidated revenue in the first six months of 2026, generating revenue of RON 237.3 million, up 96% compared to the same period of last year. The significant increase in business volumes supported an approximately 32% improvement in the segment’s profitability compared to the comparable period, despite lower percentage trading margins, which were influenced by the competitive environment in the electricity market.
The EPC Projects segment generated revenue of RON 111.0 million, up 70% compared to the same period of the previous year. The segment’s development was influenced by the structure of the portfolio and the stage of the projects under execution, a significant proportion of which were in phases characterized by a lower contribution to operating profitability. The segment’s performance was also influenced by delays in the signing of new contracts, some of which had already been concluded or were in the final signing stage in Q3 2026. The related revenue and contribution to operating performance will be reflected in subsequent periods. The Other Activities segment contributed RON 5.0 million to the Group’s revenue, up 40% compared to H1 2025.
At the operational level, as of 30 June 2026, the Group had photovoltaic power plant projects with a capacity of 172 MWp under implementation, compared to 108 MWp as of 30 June 2025, and electricity storage projects with a capacity of 289 MWh, compared to 1 MWh as of 30 June 2025. In the operation and maintenance area, the Group managed photovoltaic power plants with a total capacity of 487 MWp, compared to 455 MWp as of 30 June 2025, and electricity storage systems with a total capacity of 3 MWh, compared to 1 MWh as of 30 June 2025. Furthermore, by 30 June 2026, the Group had generated 18.1 GWh of electricity, compared to 1.1 GWh by 30 June 2025, sold 337.4 GWh of electricity, compared to 118.0 GWh as of the end of June 2025, as well as 41.2 GWh of natural gas.
“In the coming period, we are focused on converting our commercial portfolio into financial results, maintaining cost discipline and carefully managing the capital required for the Group’s development. The progress of projects under execution, the contracts signed after the end of the first half of the year and the gradual commissioning of new capacities create the conditions for a more substantial contribution in the second half of the year. At the same time, we are closely monitoring developments in margins and working capital requirements so that the pace of growth is supported by a balanced financial structure and the efficient allocation of resources ,” stated Mihai Velicu, CFO of Simtel Group.
###
About Simtel
Simtel is a technology, engineering, and innovation group with Romanian roots, international presence, and a global vision. The group provides companies and organizations with comprehensive solutions and integrated ecosystems, covering the entire process from consultancy, authorization, design, engineering, and construction to maintenance, operation, measurement, control, and energy supply. Simtel’s 360° expertise spans photovoltaic power plants, telecommunications, energy storage systems, as well as software platform development and robotic process automation, aiming to optimize resources and enhance efficiency. Simtel Team is listed on the Main Market of the Bucharest Stock Exchange under the ticker symbol SMTL.
