The company meets with BME Growth management to report on business evolution

• This result reflects a clear recovery compared to the same period in 2023 and allows confirmation of its target normalised EBITDA of between €19 and €24 Million for this year
• The group's recurring monthly turnover ranges between €15 and €20 Million 29 May 2024. Holaluz, the energy transition company aiming to decarbonise the economy, achieved a positive normalised EBITDA of €3.1 Million in the first quarter, compared to a negative result of €14.9 Million in the same period last year. This demonstrates a clear business recovery despite the persistence of adverse conditions in the electricity market. This encouraging figure allows confirmation of its target normalised EBITDA of between €19 and €24 Million for this year. In terms of accounting EBITDA, Holaluz has already reached break-even in the last 12 months, rebounding by €23 Million compared to the EBITDA recorded for the whole of 2023.

Holaluz's management, along with its registered advisor, Impulsa, met with the management of BME Growth, the growth companies market where it has been listed since 2019, to report on the company's evolution, its situation, and the main financial data at the close of the first quarter of the year.

Holaluz informed BME Growth that the company has a recurring monthly turnover ranging between €15 and €20 Million. The group continues to operate normally and is still installing solar energy in homes with its aim to lead the transformation of the Spanish energy sector, advocating for an innovative and disruptive business model that produces and markets clean energy, with a clear commitment to caring for the planet and the environment. Furthermore, it reported that it has met the first quarter budget.

The company also informed the stock market operator about the ongoing process of seeking long-term financing worth €20 Million, with the aim of replacing its short-term commercial paper programme. The company is in contact with various industrial and financial investors and is studying several alternatives.

Holaluz will present to shareholders at the Ordinary General Meeting, scheduled for 28 June, an unqualified audit of the group's accounts and promising financial data.