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	2016 - 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	2016 - 2020
Revenue	3.61	4	0.23	0.58	0.59	-	Upgrade
Revenue Growth (YoY)	732.03%	1663.00%	-61.00%	-1.69%	-	-	Upgrade
Cost of Revenue	8.29	5.87	0.29	0.47	0.58	-	Upgrade
Gross Profit	-4.68	-1.87	-0.07	0.12	0.02	-	Upgrade
Selling, General & Admin	14.11	15.57	18.33	8.9	6.49	4.44	Upgrade
Research & Development	-	-	-	9.01	3.1	-	Upgrade
Other Operating Expenses	-0.37	-0.43	0.03	0.19	0.04	-0.23	Upgrade
Operating Expenses	17.05	17.7	19.95	19.73	10.43	4.61	Upgrade
Operating Income	-21.73	-19.57	-20.02	-19.61	-10.41	-4.61	Upgrade
Interest Expense	-0.03	-0.04	-0.07	-0.04	-0.04	-0.01	Upgrade
Interest & Investment Income	0.27	0.32	0.51	0.14	0.02	0.01	Upgrade
Currency Exchange Gain (Loss)	-	-	0.02	0.02	-0	-	Upgrade
Other Non Operating Income (Expenses)	-0.01	-0.01	-0.01	-0	-0.01	-0.17	Upgrade
EBT Excluding Unusual Items	-21.5	-19.31	-19.56	-19.49	-10.44	-4.78	Upgrade
Pretax Income	-21.5	-19.31	-19.56	-19.49	-10.44	-4.78	Upgrade
Income Tax Expense	-2.25	-1.89	-2.09	-3.04	-1.06	-0.56	Upgrade
Net Income	-19.25	-17.42	-17.48	-16.45	-9.38	-4.22	Upgrade
Net Income to Common	-19.25	-17.42	-17.48	-16.45	-9.38	-4.22	Upgrade
Shares Outstanding (Basic)	839	785	741	735	706	529	Upgrade
Shares Outstanding (Diluted)	839	785	741	735	706	529	Upgrade
Shares Change (YoY)	12.36%	5.83%	0.91%	4.01%	33.57%	26.52%	Upgrade
EPS (Basic)	-0.02	-0.02	-0.02	-0.02	-0.01	-0.01	Upgrade
EPS (Diluted)	-0.02	-0.02	-0.02	-0.02	-0.01	-0.01	Upgrade
Free Cash Flow	-17.22	-21.86	-14.75	-15.17	-10.62	-3.97	Upgrade
Free Cash Flow Per Share	-0.02	-0.03	-0.02	-0.02	-0.01	-0.01	Upgrade
Gross Margin	-129.47%	-46.63%	-29.52%	19.76%	2.53%	-	Upgrade
Operating Margin	-601.69%	-489.00%	-8819.38%	-3369.76%	-1758.45%	-	Upgrade
Profit Margin	-533.07%	-435.26%	-7698.24%	-2825.77%	-1584.12%	-	Upgrade
Free Cash Flow Margin	-476.88%	-546.30%	-6496.04%	-2606.36%	-1793.75%	-	Upgrade
EBITDA	-18.81	-17.45	-18.81	-18.18	-9.87	-4.35	Upgrade
D&A For EBITDA	2.92	2.12	1.21	1.43	0.54	0.25	Upgrade
EBIT	-21.73	-19.57	-20.02	-19.61	-10.41	-4.61	Upgrade

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.