Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and one of Romania’s leading renewable energy players, announces that the Romanian Financial Supervisory Authority (ASF) has approved the base prospectus for a corporate bond programme of up to EUR 30 million. The programme allows Simtel to issue bonds in multiple tranches over time, denominated in RON or EUR, with fixed or variable interest rates, including structures linked to sustainability objectives. Each tranche is intended to be admitted to trading on the regulated market of the Bucharest Stock Exchange, with maturities of up to ten years.
“The approval of this bond programme reflects Simtel’s ongoing commitment to securing the resources needed to deliver on our ambitious growth strategy. In the four years since our listing and our transfer last year to the Main Market of the Bucharest Stock Exchange, we have significantly expanded our activities and impact in Romania’s renewable energy sector. This programme, structured in multiple tranches and designed to address both institutional and retail investors, strengthens our financing toolkit and supports the development of projects that are essential to the energy transition. It will enable us to continue diversifying our business, accelerate our investments in key areas such as energy storage and solar capacities, and pursue opportunities for strategic acquisitions, contributing to long-term value creation for all stakeholders,” stated Mihai Tudor, CEO of Simtel.
Since becoming a listed company, Simtel has delivered a remarkable trajectory of growth. The Group’s consolidated revenues according to IFRS increased from 63.5 million lei in 2021 to 360.2 million lei in 2024, representing a compound annual growth rate (CAGR) of 77% over this period. At the same time, net profit more than tripled, rising from 10.5 million lei in 2021 to 36.8 million lei in 2024.This progress reflects the successful execution of Simtel’s strategy, the expansion of its renewable energy portfolio, and its ability to deliver integrated solutions that meet the evolving needs of clients.
For 2025, Simtel targets consolidated revenues of 502.7 million lei, EBITDA of 63.7 million lei, and a net profit of 45.6 million lei, as the group continues to focus on the development of proprietary photovoltaic parks, energy storage systems, internationalization, and the delivery of complex turnkey projects combining generation, storage, and digitalization solutions.
The proceeds from the bond programme will be directed toward Simtel’s strategic development priorities. The company plans to allocate funds to the expansion of energy storage capacities aimed at reducing balancing costs and enhancing operational flexibility, to the construction of photovoltaic parks with a combined capacity of 85 MWp supporting its energy supply activities, and to mergers and acquisitions designed to strengthen its EPC capabilities or, where appropriate, to acquire operational wind projects. In the event that no mergers and acquisitions are implemented, proceeds will be dedicated entirely to energy storage and solar development. The structure of each tranche will be adapted to market conditions and investor interest.
Simtel intends to launch the first tranche of bonds in the coming weeks through a private placement which will target institutional investors as well as retail investors, in compliance with the legal provisions applicable to private placements, contributing to the company’s objective of broadening its investor base and supporting Romania’s energy transition through innovative financing solutions.
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