Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) today announced that its signed project backlog has exceeded $4 million, providing solid visibility heading into 2026. This follows the Company's strongest quarter to date for the three months ended September 30, 2025, in which Stardust Solar delivered record revenue of $1.78 million (+99% YoY), a gross margin of 44% (vs. 31% in Q3 2024), and its first-ever EBITDA-positive qu ...

Financial Performance - Adjusted EBITDA for the first nine months of 2025 was EUR 405.1 million, reflecting a 2.0% year-over-year increase, primarily driven by the Green Capacities and Networks segments [2][14] - Total Investments decreased to EUR 529.9 million, down 9.2% year-over-year, with 51.3% allocated to Networks and 41.4% to Green Capacities [3][14] - Net Debt increased by 10.6% to EUR 1,782.7 million, but leverage metrics remained strong, with the FFO LTM/Net Debt ratio decreasing by 6.3 percentage points to 23.4% [4][14] Business Development - Green Capacities segment saw installed capacity rise to 2.1 GW from 1.4 GW, with secured capacity increasing to 3.4 GW [5] - Networks segment planned investments of EUR 3.5 billion over the next decade, with a total RAB set at EUR 1.9 billion for 2026 [6] - Customers & Solutions signed a 7-year PPA with Lithuanian TSO at a fixed price of EUR 74.5/MWh for up to 160 GWh/year, effective January 2026 [7] Sustainability - The Green Share of Generation decreased to 66.0%, down 17.6 percentage points year-over-year, due to higher electricity generation at Elektrėnai Complex [8] - Total GHG emissions increased to 3.48 million t CO2-eq, a 22.5% year-over-year rise, with Scope 1 emissions up 92.1% due to new services [9][10] - Carbon intensity (Scope 1 & 2) rose to 223 g CO2-eq/kWh, reflecting a 9.3% year-over-year increase [10] Shareholder Returns and Outlook - A dividend of EUR 0.683 per share was paid for H1 2025, totaling EUR 49.4 million [13] - Full-year 2025 Adjusted EBITDA guidance was narrowed to EUR 510–540 million, and Investments guidance was updated to EUR 700–800 million [13]

Core Insights - Green Rain Energy Holdings Inc. has achieved two significant milestones in its clean energy and EV charging initiatives [1] - The completion of the Rochester, NY project was supported by a $400,000 utility incentive [1] - A major EV infrastructure survey has been launched at the Tempe Hilton Hotel in Tempe, Arizona [1] - The company operates under a capital-light, debt-free ESCO business model, which allows for recurring revenue without long-term debt or dilution [1] Company Developments - The Rochester, NY project completion marks a key advancement in Green Rain's nationwide initiatives [1] - The $400,000 utility incentive highlights the company's ability to secure financial backing for its projects [1] - The launch of the EV infrastructure survey in Tempe indicates the company's commitment to expanding its EV charging network [1] Business Model - Green Rain's ESCO business model is designed to develop and monetize high-value energy assets [1] - The capital-light structure of the business model minimizes financial burdens, allowing for sustainable growth [1] - The absence of long-term debt or dilution positions the company favorably for future investments and expansions [1]