Builds & operates renewable energy projects
Sunflower entered 2026 with a much stronger balance sheet, but 2025 showed that the improvement came mainly from disposals and other income while recurring cash generation weakened.
Sunflower's asset sales are improving short-term financial flexibility, but the 2025 numbers show they are also replacing part of the recurring cash-flow base rather than simply building on top of it. The core question is no longer whether disposals help the balance sheet, but w…
Sunflower's recurring earnings from Poland still depend on two variables that are not fully under its control, power prices and the price of money. The 2025 EBITDA decline showed that price protection and hedging soften the blow, but do not remove it.
