27th Annual General Meeting of W.E.B

This year's Annual General Meeting was marked by changes to the Supervisory Board and discussions about W.E.B's future growth opportunities. All resolutions presented to shareholders were approved by a strong majority.

Under the motto "Energy Creating the Future," the Management Board reported on the 2025 financial year and provided updates on current developments and W.E.B's strategic outlook.

Stefanie Markut, Board Member for Corporate Development, emphasized the company's long-term prospects, particularly considering growing electricity demand:

"Renewable energy will continue its remarkable growth story—and W.E.B will be part of it."

She also outlined a clear vision for the company's future:

"I see a growing W.E.B that remains unwavering in its foundations. A W.E.B deeply rooted in Austria while operating internationally across Europe and North America. A W.E.B supplying millions of people with electricity generated from wind and solar power. And a W.E.B owned by many people, because direct participation in the energy transition is at the heart of who we are."

Florian Müller, Board Member for Project Development, highlighted the continued expansion of the company's project portfolio. In 2025, W.E.B commissioned three wind farms and seven solar power plants with a combined capacity of approximately 40 MW.

At the same time, construction began on projects totaling 145 MW that are scheduled to enter operation during the current year, including Weavers Mountain in Canada, the largest wind farm in W.E.B's history.

Looking ahead, Müller pointed to important milestones achieved during the reporting year:

"In 2025, key milestones were reached for projects totaling approximately 320 MW. These included power purchase agreements for wind projects with capacities of 112 MW in Canada and 143 MW in Austria's Weinviertel region. These achievements have laid the foundation for our next major growth phase in 2028 and 2029."

Roman Prager, Board Member responsible for Operations, addressed the challenges of the past year and the company's response to them:

"Wind conditions fell short of expectations, and naturally we felt the impact. However, periods like these also demonstrate what truly supports a company: a strong operational foundation, highly capable technical teams, extensive market expertise, and a clear focus on our core competencies in wind and solar energy."

Based on electricity production during the first months of the current year, he expressed confidence about the outlook ahead.

Roman Prager also reported positive progress on the Grafenschlag hybrid project. The battery energy storage system that will complement the wind farm and solar installations has been ordered, with commissioning scheduled for the first quarter of 2027.

Michael Trcka,CFO, presented the key financial results for 2025:

"Despite weaker wind conditions and our continued growth investments, W.E.B delivered solid results and remains committed to a reliable dividend."

Trcka also presented plans for a potential IPO of W.E.B. The objective is to preserve the company's proven strengths while opening the door to new opportunities:

"We intend to maintain our registered shares and preserve their strong role as our established and stable shareholder base. At the same time, newly listed bearer shares would provide access to new investors and the growth capital needed for future expansion."

As part of a potential listing, W.E.B is considering a capital increase of EUR 50–60 million to support future investments in additional renewable energy projects.

Based on current planning, a proposal regarding a stock exchange listing could be submitted to shareholders at the 2027 Annual General Meeting. Subject to shareholder approval and favorable market conditions, an IPO could take place during the first half of 2028.

The 2026 Annual General Meeting marked the launch of an intensive dialogue process with shareholders regarding these plans.

Changes to the Supervisory Board

The Annual General Meeting also marked a transition within the Supervisory Board.

Josef Schweighofer did not seek re-election following the completion of his term. Stefan Bauer and Martin Zimmermann also decided not to stand for re-election.

In their remarks, Deputy Chairman Reinhard Schanda and W.E.B founder Andreas Dangl highlighted the departing board members' long-standing commitment and exceptional dedication to the company.

Shareholders elected financial experts Birgit Brinda-Schumann and Gabriele Lehner to the Supervisory Board with strong support. Their expertise will help guide W.E.B through its next phase of growth.

Following the Annual General Meeting, the newly elected Supervisory Board held its constitutive meeting. Reinhard Schanda was elected Chairman of the Supervisory Board and Mathias Dangl was elected Deputy Chairman.

Birgit Brinda, Mathias Dangl, and Gabriele Lehner were appointed to the Audit Committee.

Strong Participation and Broad Approval

Shareholders also approved a dividend of EUR 1.50 per share.

In addition, shareholders approved a share buyback program designed to support employee ownership. Under the program, W.E.B may acquire up to 15,865 shares, representing approximately 0.5% of the company's share capital.

As in previous years, shareholder interest in the Annual General Meeting was exceptionally strong. The Stadtsaal in Waidhofen an der Thaya was filled to capacity for W.E.B's 27th Annual General Meeting, while more than 130 shareholders followed the event via live stream.

The 27th Annual General Meeting of W.E.B concluded at 7:58 p.m.