Core Insights - Voltalia reported a half-year EBITDA of 78.3 million euros, a decrease of 4% compared to the same period in 2024, with a forecasted EBITDA for the full year of between 200 and 220 million euros [3][6][47] - The company confirmed its production and capacity targets for 2025 despite facing operational challenges due to curtailments in Brazil and unfavorable exchange rates [2][36][47] - The SPRING transformation plan aims to enhance operational efficiency and profitability, with initial measures already being implemented [4][41][40] Financial Performance - Turnover for the first half of 2025 reached 257 million euros, an increase of 8% at current exchange rates, driven by a 50% growth in Services for third-party clients [3][7] - The net loss attributable to the group was 39.7 million euros, significantly higher than the 15.7 million euros loss in the first half of 2024, primarily due to fewer project disposals and costs associated with the SPRING plan [9][30] - Energy production increased by 14% to 2.4 terawatt hours, despite a curtailment of 268 gigawatt hours in Brazil, which accounted for 14% of Brazilian production [3][13] Operational Highlights - Capacity in operation and under construction rose by 7% to 3.3 gigawatts, with 2.5 gigawatts currently operational and 0.8 gigawatts under construction [3][14] - The company’s operational capacity for third-party customers increased by 20% to 7.7 gigawatts [3][14] - The SPRING plan focuses on refocusing the business on core activities, clarifying the operating model, and improving performance through efficiency and optimization [3][41] Market Context - The Brazilian grid operator's production curtailment has impacted Voltalia's operational performance, necessitating adjustments in production forecasts [2][36] - The average EUR/BRL exchange rate was 6.30 in the first half of 2025, compared to 5.49 in the same period of 2024, affecting revenue from energy sales [15][27] - Voltalia's strategic focus remains on sustainable growth and value creation in the renewable energy sector, with a clear roadmap established through the SPRING transformation plan [41][56]

Core Points - Voltalia held its Annual General Meeting on May 15, 2025, in Paris, where all proposed resolutions were adopted [1][12] Voting Results Summary - The approval of statutory financial statements for the year ended December 31, 2024 received 202,353,232 votes for (99.99%) and 4,984 votes against (0.01) [2] - The approval of consolidated financial statements for the year ended December 31, 2024 received 202,352,506 votes for (99.99%) and 5,408 votes against (0.01) [2] - The allocation of net income for the year ended December 31, 2024 received 202,345,581 votes for (99.99%) and 11,409 votes against (0.01) [2] - The renewal of the term of office as director for Sarah Caulliez received 191,539,101 votes for (95.46%) and 9,114,170 votes against (4.54) [2] - The appointment of new directors Mr. Alexis Grolin and Mr. Bertrand Cousin received 191,963,604 votes for (95.67%) and 191,901,337 votes for (95.64%) respectively [2] - The approval of compensation for the President of the Board of Directors, Laurence Mulliez, received 185,896,774 votes for (92.19%) and 15,755,370 votes against (7.81) [2] - The approval of the 2025 compensation policy for corporate officers received 200,220,113 votes for (99.91%) and 182,997 votes against (0.09) [4] - The overall limits on the number of issues carried out by virtue of the above-mentioned delegations of authority received 199,173,808 votes for (98.43%) and 3,181,897 votes against (1.57) [6] Shareholder Participation - A total of 867 shareholders were present, represented, or voting by mail at the Ordinary General Meeting [3] - The number of voting rights exercisable as of May 15, 2025, was 220,371,887, with total votes represented in the vote on the resolutions submitted to OGM being 202,370,496 [3] Company Overview - Voltalia is an international player in renewable energies, producing and selling electricity from wind, solar, hydro, biomass, and storage facilities, with a total capacity of 3.3 GW in operation and under construction, and a project portfolio of 17.4 GW [8] - The company employs over 2,000 people across 20 countries on 3 continents, enabling it to operate globally [10] - Voltalia is listed on the Euronext regulated market in Paris and is included in various indices such as Enternext Tech 40 and CAC Mid&Small [11]