ITM Power Balance Sheet

Financials in millions GBP. Fiscal year is May - April.

Millions GBP. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Cash & Equivalents	197.85	207.04	230.35	282.56	365.88	176.08
Cash & Short-Term Investments	197.85	207.04	230.35	282.56	365.88	176.08
Cash Growth	-2.60%	-10.12%	-18.48%	-22.77%	107.80%	341.09%
Accounts Receivable	28.03	7.97	19.59	6.08	8.08	11.17
Other Receivables	-	10.5	6.22	4.92	5.07	4.24
Receivables	28.03	18.47	25.81	11	13.15	15.41
Inventory	51.12	56.01	70.42	58.84	32.2	6.42
Prepaid Expenses	-	1	2.17	7.88	11.97	6.53
Restricted Cash	-	1.31	0.76	0.77	0.3	1.05
Other Current Assets	-	-	-	1.81	0.13	-
Total Current Assets	277	283.83	329.51	362.87	423.62	205.48
Property, Plant & Equipment	49.3	45.56	41.65	27.42	22.09	19.91
Long-Term Investments	0.85	0.57	0.45	0.55	1.82	0.41
Other Intangible Assets	13.05	6.68	8.4	3.14	1.97	2.22
Long-Term Deferred Charges	-	5.31	1.77	8.33	7.11	1.05
Total Assets	340.2	341.96	381.78	402.32	458.17	229.07
Accounts Payable	95.31	5.89	8.82	4.45	8.72	1.19
Accrued Expenses	0.85	5.96	3.41	3.05	3.32	2.11
Current Portion of Leases	1.31	0.84	0.68	0.94	0.63	0.2
Current Income Taxes Payable	-	0.73	0.64	0.92	0.73	0.51
Current Unearned Revenue	-	67.79	55.42	37.66	21.53	9.04
Other Current Liabilities	8.23	11.3	10.1	17.89	15.21	12.28
Total Current Liabilities	105.7	92.5	79.06	64.92	50.13	25.34
Long-Term Leases	13.41	11.49	12.03	6.87	6.52	6.28
Other Long-Term Liabilities	10.5	13.72	21.97	35.03	6.56	-
Total Liabilities	129.61	117.71	113.06	106.81	63.21	31.62
Common Stock	30.87	30.87	30.85	30.82	30.66	27.53
Additional Paid-In Capital	542.83	542.83	542.74	542.59	542.32	302.25
Retained Earnings	-361.44	-347.77	-303.24	-276.11	-176.07	-130.44
Comprehensive Income & Other	-1.68	-1.67	-1.63	-1.8	-1.96	-1.89
Shareholders' Equity	210.58	224.26	268.72	295.51	394.95	197.45
Total Liabilities & Equity	340.2	341.96	381.78	402.32	458.17	229.07
Total Debt	14.73	12.33	12.7	7.81	7.15	6.49
Net Cash (Debt)	183.12	194.71	217.64	274.75	358.73	169.59
Net Cash Growth	-3.88%	-10.54%	-20.78%	-23.41%	111.53%	407.87%
Net Cash Per Share	0.30	0.32	0.35	0.45	0.62	0.33
Filing Date Shares Outstanding	617.37	617.37	617.37	616.47	613.16	550.66
Total Common Shares Outstanding	617.37	617.37	616.98	616.47	613.16	550.66
Working Capital	171.3	191.34	250.44	297.95	373.49	180.14
Book Value Per Share	0.34	0.36	0.44	0.48	0.64	0.36
Tangible Book Value	197.54	217.57	260.32	292.36	392.99	195.23
Tangible Book Value Per Share	0.32	0.35	0.42	0.47	0.64	0.35
Machinery	-	22.59	18.81	13.52	8.92	11.44
Construction In Progress	-	12.99	9.13	3.49	1.65	0.12
Leasehold Improvements	-	14.19	14.08	13.79	13.12	13.51

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.