London · Delayed Price · Currency is GBP · Price in GBX ITM Power Earnings Call Transcripts
Fiscal Year 2026
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Record half-year revenue and improved gross loss reflect strong sales, operational discipline, and a growing order backlog with a higher share of profitable contracts. New product launches, automation, and major project wins position the company for continued growth in a favorable hydrogen market.
Fiscal Year 2025
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Revenue grew 50% to £26 million, with a doubled order backlog and strong cash position. Major projects and new business models like Hydropulse drive future growth, while operational improvements and next-gen Kronos stack support profitability.
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Record NEPTUNE II deliveries drove revenue to GBP 15.5 million, with improved EBITDA loss and a strong cash position. Contract backlog reached GBP 135 million, all new contracts are profitable, and guidance for FY 2025 remains robust amid strong EU and UK market momentum.
Fiscal Year 2024
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Revenue tripled year-over-year to £16.5M, with EBITDA losses down by over two-thirds. Major reference projects were delivered, contract backlog is growing, and FY 2025 revenue is guided at £18–22M, mainly from Neptune contracts. Long-term market outlook remains strong.