TE EXPECTS Q2 LOSS, RAISES G2_AUSTIN COST ESTIMATE BY 20% T1 Energy expects preliminary Q2 sales of $245 million to $255 million on module v

TE EXPECTS Q2 LOSS, RAISES G2_AUSTIN COST ESTIMATE BY 20% T1 Energy expects preliminary Q2 sales of $245 million to $255 million on module volumes of approximately 835 MW. It projects a net loss from continuing operations of $34 million to $37 million and an adjusted EBITDA loss of $11.5 million to $14.5 million, excluding $24.4 million in tariff refunds. T1 raised its Phase 1 cost estimate for the G2_Austin solar-cell facility to $510 million from $425 million, citing higher labor and material costs caused by tightness in Texas data center construction. Initial production is now expected in Q1 2027 instead of before year-end 2026. The company ended the quarter with $79.1 million in unrestricted cash and is seeking a financing package with a significant debt component to complete the project. T1 still expects second-half production to exceed Q2 levels and is targeting the higher end of its 3.1 GW to 4.2 GW full-year range. The figures remain preliminary and unaudited.