SOLARPRO HOLDING PLC

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the analysis the directors consider there are no material uncertainties that may cast a significant doubt on the Group's ability to continue as a going concern and the going concern basis is appropriate for preparation and presentation of the financial statements of the Group for the year ended 31 December 2024.”

Group structure

1. SOLARPRO HOLDING PLC · parent
   1. Solarpro Holding AD 99.03% · Bulgaria · Acquisition/construction of energy facilities; sale of electricity; sale of electrical equipment
   2. Solarpro Polska 85% · Poland · Acquisition/construction of energy facilities
   3. Solarpro Construction AD 51% · Bulgaria · Installation & construction services
   4. Solarpro Technology AD 99.98% · Bulgaria · Acquisition/construction of energy facilities; Operations & Maintenance services
   5. Solarpro Power Dooel 100% · Macedonia · Acquisition, construction, management of energy facilities
   6. Solarpro India LLC 100% · India · Design, engineering, project management and consultancy
   7. Solarpro SRL 100% · Romania · Acquisition/construction of energy facilities
   8. Solarpro Turkey INSAAT ENERJI 100% · Turkey · Acquisition/construction of energy facilities; Operations & Maintenance services
   9. Enica Ltd. 75% · Bulgaria · Development and implementation of software products and systems for automation, consulting activity in the field of information technology, internal and external trade in goods, trade in industrial goods
   10. Hybrid Storage AD 100% · Bulgaria · Conducting applied scientific research, testing, testing and measurement of energy storage systems, developing systems and controllers for managing charging and discharging processes and carrying out energy management of storage batteries and energy storage systems, carrying out transactions with objects of intellectual property, sale of goods and services
   11. Advanced Wind Services EAD 100% · Bulgaria · Services in the field of energy from renewable sources, including maintenance, construction of wind farms and provision of consultancy services and technical support in the field of energy from renewable sources
   12. Institute for Clean Technologies EAD 100% · Bulgaria · Industrial research and experimental development in the field of clean energy, including development and implementation of new energy sources and energy storage systems, acquisition, construction, operation and management of energy facilities, production of electricity from different sources
   13. E-waste Silistra 93% · Bulgaria · Specializes in the recycling and repurposing of lithium-ion batteries from hybrid and electric vehicles, giving them a "second life" through safe processing and reuse. The company helps reduce environmental impact and prevents pollution caused by end-of-life battery systems.
   14. GMS Internacional 60% · Spain · specialized in geotechnology, hydrology, topography, ecology and engineering, and focuses on the project of photovoltaic parking lots, power plants, power plant infrastructure and environmental instruments. It operates in Spain and internationally, providing complete technical solutions

Significant events

• “Effective 1 January 2026, Bulgaria will adopt the Euro as its official currency, replacing the Bulgarian Lev.”
• “On 10 April 2025 Solarpro Holding PLC acquired 90% of Hybrid Storage shares from its 100% owned subsidiary, Institute for Clean Technologies, resulting in 100% direct ownership in Hybrid Storage after the acquisition.”
• “In April 2025 Solarpro Holding AD & Solarpro Technology AD extended their existing credit facility with commercial bank for an additional 12-month period.”
• “On 05 May 2025 Solarpro Technology distributed dividend from its 2023 profit amounting to € 9 714 543,80.”
• “In May 2025 Solarpro Technology AD entered into a new credit facility agreement with commercial bank in the amount of EUR 20 million to support its ongoing operations and financing needs.”
• “In June 2025 Solarpro Technology acquired 100% of the shares in Razlog Bioenergy, gaining full ownership and control of the company as part of its renewable energy expansion strategy.”
• “Effective 10 July 2025 Hybrid Storage was merged into Institute for Clean Technologies as part of an internal group restructuring.”
• “On 07 July 2025 Enika Bulgaria subsidiary of Solarpro Holding PLC distributed dividend from its 2024 profit amounting to € 132 703.07.”
• “On 14 July 2025 Solarpro Construction distributed dividend from its 2024 profits amounting to € 1 126 374.”
• “On 29 July 2025 Advanced Wind Services distributed dividend from its 2024 profits amounting to € 164 574.”
• “On 30 June 2024, Solarpro Holding PLC disposed of its entire stake in Solarpro Energy Hungary by selling its 70% shareholding”
• “On 10.July 2024 Solarpro Holding PLC acquired 60% of the share of GMS International - company registered under law in Spain.”
• “On 09 August 2024 Solarpro Holding AD 100% owned by Solarpro PLC sold its 100% shares of Solarpro OM.”
• “On 12 August 2024, Solarpro Holding PLC disposed of its 100% shareholding in United Solar, along with its subsidiary, Alfa Energy MT.”
• “On 23 August 2024 Solarpro Holding PLC acquired 93% of the share of E-waste Silistra, company registered under Bulgarian law.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +76%

  £103,136,269 → £181,508,322

• Cash

  +762.9%

  £1,265,603 → £10,920,596

• Net assets

  +3.9%

  £26,083,564 → £27,112,517

• Employees

  +25.7%

  529 → 665

• Operating profit

  +118.9%

  £6,443,308 → £14,103,675

• Profit before tax

  +485.2%

  £2,709,778 → £15,856,449

• Wages

  +53.2%

  £11,523,925 → £17,658,634

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers