SMA Solar Technology AG says sales fell slightly and losses increased significantly in 2025 due to weak demand and one-off effects of the restructuring program.
SMA Solar Technology AG has confirmed its preliminary results for the 2025 financial year and reports a slight decline in sales and a larger loss under difficult market conditions.
Revenue fell 0.9% year-on-year to €1.516 billion ($1.75 billion). Earnings before interest, taxes, depreciation and amortization (EBITDA) before one-off effects amounted to €106.6 million. Including one-off effects, EBITDA amounted to €65.4 million negative, compared to €16 million negative in 2024.
Earnings before interest and taxes (EBIT) also deteriorated, reaching negative €188.2 million, more than double the loss recorded last year.
SMA had already identified the most important factors in its preliminary results. These include depreciation and scrapping of inventories totaling €122.6 million in the Home & Business Solutions segment, provisions for purchase obligations of €35.8 million in the same division, and €24.1 million in provisions related to the restructuring and transformation program.
Performance varied across segments. Turnover in the Home & Business Solutions division fell from €354.1 million to €247.2 million, due to falling prices under strong competitive pressure and weaker demand. EBIT in the segment fell further into negative territory, reaching a loss of €375.6 million.
In contrast, the Large Scale & Project Solutions division increased revenue by almost 8% to €1.268 billion. The segment recorded a profit of €210.8 million, slightly less than last year due to higher warranty provisions and a write-off on receivables in the United States.
In addition to the final results, SMA confirmed its guidance for fiscal year 2026 issued in early March. The company expects sales of €1.475 billion to €1.675 billion and EBITDA of €50 million to €180 million, based on current trading and geopolitical conditions. It said the outlook could be adjusted if the situation worsens during the year.
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