Since joining Sif in May, Koen has completed an intensive onboarding programme. During this period, he visited both production locations weekly, met colleagues across the organisation and engaged with customers and other stakeholders to gain a thorough understanding of Sif, its people and the markets in which the company operates.

Reflecting on his first months, Koen says:

"Over the past three months, I have had the opportunity to get to know Sif from the inside. What stands out most to me is the craftsmanship, commitment and ambition of our people. That gives me great confidence for the future. I look forward to working with our employees, customers and partners to continue building the future of Sif."

Koen succeeds Fred van Beers, who has led Sif since 2018. Fred will remain closely involved with the company as Advisor to the Executive Board until 31 January 2027 to support a smooth transition.

Sif welcomes Koen in his new role and looks forward to continuing to build the company's future together.

On 31 July 2026 at 09.30 hrs CET, Sif Holding will host a webcast sell-side analyst meeting. The link to the webcast can be found on the homepage of Sif at www.sif-group.com. Or via the link Presentation of interim 2026 results

Attached to this message is a PDF of the slides that are used at the webcast presentation.

Health and safety KPI’s improving

Factory reached planned ramp-up level in H1

Outlook for 2026 EBITDA €95 million, management decision to shift €40 million to 2027

Strategic highlights

• Production output in new factory achieving the planned average of 4 to 5 monopiles per week
• Completion of Ecowende, loadouts for Baltyk 2&3 ongoing, production for Oranjewind & East Anglia progressing according to plan
• Positive developments on 190kton exclusive project - all stakeholders working towards start of production mid-2027
• Low number of projects reaching Final Investment Decision resulting in low demand for monopile production in 2027 and 2028
• Tenders for production 2028-2029 progressing: Sif shortlisted for most of our active tenders
• Longer term ambitions of UK and EU governments for 100 GW offshore wind in 2040 are being transformed into real tenders for 2029 production onwards
• Tangible progress by policymakers in Brussels on level playing field measures for offshore wind supply chain
• Decommissioning projects on the horizon: Sif shortlisted for first running tenders in the market. First decisions on go/no go expected this year
• In June 2026, the Company explored the possibility of issuing a bond to strengthen its balance sheet and provide additional liquidity. The Company is in discussions with its largest shareholder and its lenders, and will continue to explore alternative funding options in the second half of 2026

Operational highlights

• Safety performance: LTIF at 4.31 compared to full-year 2025 at 5.37
• Output of 141 kton (80 kton first half 2025); 101 monopiles and primary steel for 14 transition pieces (44 monopiles and primary steel for 34 transition pieces in first half 2025) will contribute to 1,405 MW offshore wind capacity (529 MW in first half 2025)
• Net CO2 footprint of 7,379 Metric tonnes (market-based scope 2) in first half of 2026 compared to 4,493 Metric tonnes in first half 2025

Financial highlights

* Reference is made to section 'Definition and Explanation of use of non-IFRS financial measures' and 'Reconciliation of non-IFRS financial measures' in the interim report 2026 for the definition, explanation of use and reconciliation

** Comparative figures are per 31 December

• Improvement in Contibution and Adjusted EBITDA as a result of ramp-up and stability of operations at the Maasvlakte II facility
• Working Capital position improved during H1 2026
• Compliance with financial covenants at 30 June 2026 for solvency (35.6%) and leverage (1.98x), first repayment of €6.7 million under the term loan made, and revolving credit facility of €50 million undrawn on 30 June 2026

Outlook

• Continuous focus on safety, production optimisation and financial improvement
• With production now at planned levels, management focus has shifted to further optimizing and reducing costs
• Securing the 190 Kton exclusive project, delivering the current order book and managing our working capital and short-term liquidity remain key priorities. Refer to interim report for additional context
• Company is in discussions with its largest shareholder and its lenders, and will provide an update on these discussions in due course
• Initial outlook for full-year 2026 EBITDA of at least €135 million revised to €95 million for 2026 following management decision to shift revenues and approximately €40 million adjusted EBITDA from 2026 to 2027 to reduce operational risk and cost of ramp-down and ramp-up between projects
• Performance 2026 expected to result in meeting banking covenants in Q3 and Q4 2026

For the full press release and the Interim 2026 report reference is made to the two attached PDF files

Mr Koster will not be immediately replaced, as Grachtenheer 10 B.V. intends to use its investor nomination right once a suitable candidate has been selected. The Company and Grachtenheer 10 B.V. will make further announcements in this regard in due course.

About Sif Holding N.V.

Sif Holding N.V. delivers total solutions for the design and production of foundations for offshore wind farms, including logistics services and marshalling. Traditionally serving Northwestern European markets, Sif is expanding its global reach. The company operates two highly automated and flexible production facilities in Roermond and Rotterdam (Second Maasvlakte) and is recognized for technological leadership in rolling and welding heavy steel plates, built on 75 years of experience and innovative self-developed techniques and processes. Sif primarily manufactures monopiles, transition parts, and piles for anchoring jacket foundations of wind turbines in the seabed.

Further to its announcement of 23 June 2026, the Company has decided not to proceed with the contemplated bond issuance. This decision was taken following a review of prevailing market conditions and terms available. The Company continues to explore alternative funding options to strengthen its working capital. The Company will provide its next update at its H1 2026 results announcement on 31 July.
 
 

About Sif Holding N.V.

Sif Holding N.V. delivers total solutions for the design and production of foundations for offshore wind farms, including logistics services and marshalling. Traditionally serving Northwestern European markets, Sif is expanding its global reach. The company operates two highly automated and flexible production facilities in Roermond and Rotterdam (Second Maasvlakte) and is recognized for technological leadership in rolling and welding heavy steel plates, built on 75 years of experience and innovative self-developed techniques and processes. Sif primarily manufactures monopiles, transition parts, and piles for anchoring jacket foundations of wind turbines in the seabed.

A new EUR denominated senior unsecured bond issue with an expected issue amount of EUR 175 million and a 3-year tenor may follow, subject to, inter alia, market conditions. The bonds are expected to be issued in July 2026, and Sif intends to apply for admission to listing of the bonds on Euronext ABM or another exchange within 6 months of the issue date. Each bond is expected to have a nominal amount of EUR 1,000, while the minimum subscription and allocation amount is anticipated to be EUR 100,000.

The net proceeds from the bonds shall be applied towards (i) repayment in full of the existing term loan facilities and (ii) to finance general corporate purposes, including working capital. 

Separately, and concurrently with this announcement, please also refer to the Company’s separate stock exchange notice.

Contact Information

About Sif Holding N.V.

Sif Holding N.V. delivers total solutions for the design and production of foundations for offshore wind farms, including logistics services and marshalling. Traditionally serving Northwestern European markets, Sif is expanding its global reach. The company operates two highly automated and flexible production facilities in Roermond and Rotterdam (Second Maasvlakte) and is recognized for technological leadership in rolling and welding heavy steel plates, built on 75 years of experience and innovative self-developed techniques and processes. Sif primarily manufactures monopiles, transition parts, and piles for anchoring jacket foundations of wind turbines in the seabed.

Inside information

This press release contains inside information within the meaning of Article 7 of Regulation (EU) No 596/2014 (the Market Abuse Regulation) and is published in accordance with Article 17 of the Market Abuse Regulation.

Forward-looking statements

Certain statements in this announcement and related announcements that are not historical facts, including statements regarding the contemplated bond issuance, its expected size, timing and use of proceeds, the Company's Adjusted EBITDA guidance and the timing of projects, are forward-looking statements based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially. Sif does not assume any obligation to update any forward-looking statements, except as required by law.

Important information / disclaimer

This announcement is for information purposes only and does not constitute, and shall not be construed as, an offer to sell or a solicitation of an offer to buy or subscribe for any securities in any jurisdiction. No action has been or will be taken in any jurisdiction that would permit a public offering of the bonds. The distribution of this announcement and the offer and sale of the bonds may be restricted by law in certain jurisdictions, and persons into whose possession this announcement or any related document comes should inform themselves about, and observe, any such restrictions. 

Over the past months, the project developer of the North Sea based project with which Sif is in exclusive negotiations, together with relevant governmental bodies, Sif and other supply chain partners have been working constructively to address the challenges faced by the project developer to progress with the project.

We are pleased that the outcome of these discussions provides a solid basis for the developer, Sif, and other stakeholders to progress with the development of this project towards a final investment decision for the developer and, subsequently, to commence monopile manufacturing in the target window May to August 2027. This will ensure full capacity utilization across both production facilities for approximately three quarters. Based on our current tender activities we are confident in securing additional order backlog following completion of the exclusive negotiation project.

This creates a clear path forward for Sif and all stakeholders to finalize all preparational and contractual work required to deliver this milestone project. In a time where offshore wind renewable energy is key to assuring energy independence and energy security, this project is essentially positioned to deliver on all these elements.

At the time of the first exclusive negotiation announcements in 2025, fabrication of the monopiles was expected to start earlier than is currently anticipated due to the challenges faced by the project developer. Based on today’s planning, Sif will have a gap in the first half of 2027 in its production schedule across both manufacturing sites. To avoid significant costs and operational risks in scaling down and subsequently ramping up at both manufacturing sites between the two projects, and to ensure retention of our skilled, experienced and committed employees - we have taken the decision to spread production of our existing backlog as far as possible into 2027, while always maintaining contractual delivery schedules as agreed with our customers. Consequently, we will produce less in 2026, and therefore the revenue associated with this production and approximately EUR 40 million Adjusted EBITDA will shift from 2026 to 2027.

The Company is taking active measures to manage its working capital and short-term liquidity, including a contemplated issuance of a EUR 175 million senior unsecured bond, which will be used to repay our outstanding term loan and create financial flexibility for the Company. Following the contemplated bond issue, Sif will have a robust capital structure and sufficient financial flexibility extending well beyond the expected start of the exclusive negotiations project. Concurrently with this announcement, please also refer to the Company’s separate bond launch announcement, as well as the information published on the Company website in this regard.

Based on current market developments and tendering activity, we remain optimistic that long-term perspectives for offshore wind are healthy, albeit the short-term outlook remains challenging.

Contact Information

About Sif Holding N.V.

Sif Holding N.V. delivers total solutions for the design and production of foundations for offshore wind farms, including logistics services and marshalling. Traditionally serving Northwestern European markets, Sif is expanding its global reach. The company operates two highly automated and flexible production facilities in Roermond and Rotterdam (Second Maasvlakte) and is recognized for technological leadership in rolling and welding heavy steel plates, built on 75 years of experience and innovative self-developed techniques and processes. Sif primarily manufactures monopiles, transition parts, and piles for anchoring jacket foundations of wind turbines in the seabed.

The decision has been made by mutual agreement and follows discussions regarding the next phase of the Company's development. The decision is not related to any disagreement regarding the Company's strategy, financial reporting, governance or operational outlook.

Neil McArthur, Chair of the Supervisory Board, commented:
"We thank Pepijn for his efforts and commitment during his time with the Company. On behalf of the Supervisory Board, I wish him every success in his future endeavors."

Following Pepijn's departure, Chief Executive Officer Fred van Beers will assume responsibility for the operational activities previously overseen by the Chief Operating Officer. The Company does not intend to appoint a successor at this time.

Contact Information

About Sif Holding N.V.

Sif Holding N.V. is a leading provider of offshore wind foundation solutions. Sif delivers total solutions for the design and production of foundations for offshore wind farms, including logistics services and marshalling. Traditionally serving Northwestern European markets, Sif is expanding its global reach. The company operates two highly automated and flexible production facilities in Roermond and Rotterdam (Second Maasvlakte) and is recognized for technological leadership in rolling and welding heavy steel plates, built on 75 years of experience and innovative self-developed techniques and processes. Sif primarily manufactures monopiles, transition parts, and piles for anchoring jacket foundations of wind turbines in the seabed.

Koen Bogers (1969, Dutch and Belgian nationalities) Koen Bogers was the CEO of Stedin between 2021 and 2025. Before taking on the leadership of Stedin, he was managing director of Babcock & Wilcox Volund in Denmark. Between 1996 and 2018 Koen worked in various senior management positions in energy, energy-transition and energy-infrastructure at Siemens and Stork GLT in The Netherlands, Turkey and the UAE. Koen Bogers holds master’s degrees in electrical engineering from Technical University Delft and in business economics from Erasmus University Rotterdam.

Fred van Beers, who has been an Executive Board member and CEO of Sif for the past 8 years, will stay as an advisor to the company from 1 August 2026 until early 2027.

For further information, please contact:

CONTACT

For further information, please contact:

ABOUT SIF HOLDING N.V.

Sif is a total solutions provider for design engineering and excellent manufacturing of offshore foundations for wind farms, including logistics and marshalling services. Sif traditionally serves the North-Western European markets and is exploring its global presence. Sif combines two highly automated and flexible production facilities in Roermond and Rotterdam (Tweede Maasvlakte) with technology leadership in rolling and welding of heavy steel plates, which is based on 75 years of experience and innovative in-house developed techniques and processes. Sif primarily produces monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines.

Approval of the 2025 Financial Statements

Approval of the 2025 Remuneration Report (advisory vote)

Discharge from liability of the members of the Executive and Supervisory Boards for their duties in 2025

Re- appointment of Peter Wit for 2 years as a member of the Supervisory Board

Approval to award 6.037 Performance Share Units to Koen Bogers

Executive Board authorizations and designation to acquire ordinary shares in the capital of the Company, to issue shares and to grant rights to subscribe for shares in the capital of the Company, to restrict or exclude pre-emptive rights, to acquire preference shares in the capital of the Company and to grant rights to subscribe for ordinary shares and exclude pre-emption rights for purposes of the conversion of preference shares into ordinary shares

CONTACT

ABOUT SIF HOLDING N.V.

Sif is a total solutions provider for design engineering and excellent manufacturing of offshore foundations for wind farms, including logistics and marshalling services. Sif traditionally serves the North-Western European markets and is exploring its global presence. Sif combines two highly automated and flexible production facilities in Roermond and Rotterdam (Tweede Maasvlakte) with technology leadership in rolling and welding of heavy steel plates, which is based on 75 years of experience and innovative in-house developed techniques and processes. Sif primarily produces monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines.

• Five lost time safety incidents in Q1 2026, resulting in an LTIF of 7.0 on a twelve-month rolling basis (two LTI’s in first three months 2025 with LTIF of 2.2);

• The rolling 12 months  sick leave at the end of Q1 2026 decreased to 7.5% compared to 7.7% for the period ending Q1 2025;

• Production optimization continues to show solid performance improvements through the Maasvlakte II facilities and remains on track with the revised schedule: full capacity by end of Q2 2026;

• Throughput of 60 Kton in Q1 2026 (39 Kton Q1 2025);

• Production and load-out of monopiles for Ecowende was completed on 20 March, and production of monopiles for Baltyk II and Baltyk III is progressing according to schedule;

• Increasingly positive market sentiment for Offshore Wind given the traction the North Sea Energy Cooperation (NSEC) is making in turning ambitions in real investments in Offshore Wind farms, Grid and interconnectors and shared country financing.

Key figures (unaudited):

• Q1 2026 contribution increased to €63.8 million (€40.1 million first three months 2025):

  • €55.0 million from production of monopiles and transition pieces for offshore wind (WIND) (€32.4 million first three months 2025);

  • €5.5 million from production of offshore steel structures (OSS) (€5.2 million first three months 2025);

  • €0.2 million from Marshalling and Logistic services (€0.1 million first three months 2025);

  • €3.1 million from other activities (€2.4 million first three months 2025);

• Adjusted YTD EBITDA €21.0 million (€9.6 million first three months 2025);

• Operating Working Capital at end of Q1 2026 -/-€98.5 million (-/-€180.2 million at end of Q4 2025);

• Total cash position at end of Q1 2026 was €30.7 million (€95.6 million at end of Q4 2025);

• The Q1 2026 results include a provision for additional costs as a result of the delayed ramp-up, but do not have an impact on the current guidance;

• Order book 476 Kton at end of Q1 2026.

For the full release please refer to attached PDF

By giving such industrial projects priority in permits and financing, Europe aims to emphasize the importance of having its own independent industry that can accelerate the deployment of offshore wind while simultaneously strengthening the industrial base. With the strategic status, the EU aims to safeguard and scale up the production capacity for crucial offshore wind components in Europe. This underlines once more that offshore wind foundations are an essential part of offshore wind farms.

For the full release refer to attached PDF

Attached in PDF the slides used at the presentation.

Attached to this message  please find the full notice and agenda for the meeting, the annual report 2025 and the curricula vitae of Peter Wit, Koen Bogers and Fred van Beers.

Koen Bogers (1969, Dutch/Belgian nationality) was CEO of Stedin between 2021 and 2025. Prior to that, he served as managing director of Babcock & Wilcox Volund in Denmark. Between 1996 and 2018 Koen held various senior management positions in energy, energy-transition and energy-infrastructure at Siemens and Stork GLT in The Netherlands, Turkey and the UAE. A more extended resume will be attached to the notice and agenda for the AGM that will be released later.

For the full release refer to the attached PDF

Refer to the attached PDF.

• Production in new factory ramping-up to reach planned potential in second quarter 2026;

• Order book for 2026 underpins reiteration of outlook;

• Successful completion of Empire Wind 1 and loadouts for Ecowende projects;

• Longer term ambitions of UK and EU governments remain healthy for offshore wind as contributor to energy independence.

Operational highlights:

• Safety performance: full-year 2025 LTIF at 5.37 (0.79 in 2024);

• Sickness leave: full-year 2025 at 7.7% (7.8% in 2024);

• Output of 176 kton (158 kton in 2024); 97 monopiles and primary steel for 101 transition pieces (89 monopiles and primary steel for 109 transition pieces in 2024) will contribute to the realization of 1,153 MW offshore wind capacity (1,297 MW in 2024);

• Carbon footprint scope 1 and 2 increased due to volume increase and lower output from owned wind turbine.

Financial highlights:

Outlook:

• Order book strengthened with award of 48 pin piles for project Amprion (Balwin 1 and 2);

• Outlook for full-year 2026 EBITDA of at least €135 million reiterated.

For the full release refer to the PDF attachment