PSI Software SE announced on June 2, 2026, that the publication of its audited 2025 annual and consolidated financial statements, previously rescheduled for May 2026, will be further delayed until June 2026. The postponement stems from the statutory audit's inability to be completed until the final condition of the tender offer by Warburg Pincus to PSI shareholders is fulfilled—specifically, approval under investment control regulations by the Federal Ministry for Economic Affairs and Energy.
PSI expects to receive this approval shortly and emphasized that the financial results for the 2025 fiscal year are in line with expectations and have already been reviewed by the auditor. Once the regulatory condition is met, PSI will publish the audited annual and consolidated financial statements without delay and convene the Annual General Meeting. The exact publication date will be announced as soon as it is determined.
This delay impacts investors and stakeholders who have been awaiting the finalized financial statements to assess PSI's performance and the implications of the Warburg Pincus acquisition. The tender offer's completion is contingent on regulatory clearance, and the extended timeline suggests that the Ministry's review process has taken longer than anticipated. For the industry, this highlights the complexities of cross-border investments in technology sectors, especially those involving sensitive areas like energy and infrastructure software.
PSI Software SE, headquartered in Berlin, develops software products that optimize the flow of energy and materials for utilities and industry. As an independent software producer with over 2,300 employees, PSI has been a technology leader since 1969, providing process control systems that ensure sustainable energy supply, production, and logistics. The company integrates AI methods with industrially proven optimization techniques, and its products can be deployed on-premises or in the cloud. More information is available at www.psi.de.
The prolonged delay underscores the importance of regulatory approvals in merger and acquisition activities, particularly when foreign entities are involved. For PSI, the inability to release audited financials on schedule may affect investor confidence and market perception, although the company reassures that the underlying financial performance meets expectations. The eventual clearance will unlock the next steps, including the Annual General Meeting, allowing shareholders to vote on key matters.
Investors should monitor announcements from PSI regarding the receipt of regulatory approval and the subsequent publication date. The company's commitment to transparency, as evidenced by its proactive communication about the delay, suggests that it aims to minimize uncertainty. As the situation evolves, the focus remains on the Ministry's decision, which will enable PSI to finalize its financial reporting and move forward with the Warburg Pincus transaction.
