AFC Energy Income Statement

Financials in millions GBP. Fiscal year is November - October.

Millions GBP. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Apr '25 Apr 30, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021	Oct '20 Oct 31, 2020
Revenue	3.61	4	0.23	0.58	0.59	-
Revenue Growth (YoY)	732.03%	1663.00%	-61.00%	-1.69%	-	-
Cost of Revenue	8.29	5.87	0.29	0.47	0.58	-
Gross Profit	-4.68	-1.87	-0.07	0.12	0.02	-
Selling, General & Admin	14.11	15.57	18.33	8.9	6.49	4.44
Research & Development	-	-	-	9.01	3.1	-
Amortization of Goodwill & Intangibles	0.48	0.08	0.11	0.47	0.11	0.11
Other Operating Expenses	-0.37	-0.43	0.03	0.19	0.04	-0.23
Operating Expenses	17.05	17.7	19.95	19.73	10.43	4.61
Operating Income	-21.73	-19.57	-20.02	-19.61	-10.41	-4.61
Interest Expense	-0.03	-0.04	-0.07	-0.04	-0.04	-0.01
Interest & Investment Income	0.27	0.32	0.51	0.14	0.02	0.01
Currency Exchange Gain (Loss)	-	-	0.02	0.02	-0	-
Other Non Operating Income (Expenses)	-0.01	-0.01	-0.01	-0	-0.01	-0.17
EBT Excluding Unusual Items	-21.5	-19.31	-19.56	-19.49	-10.44	-4.78
Pretax Income	-21.5	-19.31	-19.56	-19.49	-10.44	-4.78
Income Tax Expense	-2.25	-1.89	-2.09	-3.04	-1.06	-0.56
Net Income	-19.25	-17.42	-17.48	-16.45	-9.38	-4.22
Net Income to Common	-19.25	-17.42	-17.48	-16.45	-9.38	-4.22
Shares Outstanding (Basic)	839	785	741	735	706	529
Shares Outstanding (Diluted)	839	785	741	735	706	529
Shares Change (YoY)	12.36%	5.83%	0.91%	4.01%	33.57%	26.52%
EPS (Basic)	-0.02	-0.02	-0.02	-0.02	-0.01	-0.01
EPS (Diluted)	-0.02	-0.02	-0.02	-0.02	-0.01	-0.01
Free Cash Flow	-17.22	-21.86	-14.75	-15.17	-10.62	-3.97
Free Cash Flow Per Share	-0.02	-0.03	-0.02	-0.02	-0.01	-0.01
Gross Margin	-129.47%	-46.63%	-29.52%	19.76%	2.53%	-
Operating Margin	-601.69%	-489.00%	-8819.38%	-3369.76%	-1758.45%	-
Profit Margin	-533.07%	-435.26%	-7698.24%	-2825.77%	-1584.12%	-
Free Cash Flow Margin	-476.88%	-546.30%	-6496.04%	-2606.36%	-1793.75%	-
EBITDA	-18.81	-17.45	-18.81	-18.18	-9.87	-4.35
D&A For EBITDA	2.92	2.12	1.21	1.43	0.54	0.25
EBIT	-21.73	-19.57	-20.02	-19.61	-10.41	-4.61

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.