ITM Power Balance Sheet

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

Millions GBP. Fiscal year is May - Apr.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	207.04	230.35	282.56	365.88	176.08
Cash & Short-Term Investments	207.04	230.35	282.56	365.88	176.08
Cash Growth	-10.12%	-18.48%	-22.77%	107.80%	341.09%
Accounts Receivable	7.97	19.59	6.08	8.08	11.17
Other Receivables	10.5	6.22	4.92	5.07	4.24
Receivables	18.47	25.81	11	13.15	15.41
Inventory	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	283.83	329.51	362.87	423.62	205.48
Property, Plant & Equipment	45.56	41.65	27.42	22.09	19.91
Long-Term Investments	0.57	0.45	0.55	1.82	0.41
Other Intangible Assets	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	341.96	381.78	402.32	458.17	229.07
Accounts Payable	5.89	8.82	4.45	8.72	1.19
Accrued Expenses	5.96	3.41	3.05	3.32	2.11
Current Portion of Leases	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	11.3	10.1	17.89	15.21	12.28
Total Current Liabilities	92.5	79.06	64.92	50.13	25.34
Long-Term Leases	11.49	12.03	6.87	6.52	6.28
Other Long-Term Liabilities	13.72	21.97	35.03	6.56	-
Total Liabilities	117.71	113.06	106.81	63.21	31.62
Common Stock	30.87	30.85	30.82	30.66	27.53
Additional Paid-In Capital	542.83	542.74	542.59	542.32	302.25
Retained Earnings	-347.77	-303.24	-276.11	-176.07	-130.44
Comprehensive Income & Other	-1.67	-1.63	-1.8	-1.96	-1.89
Shareholders' Equity	224.26	268.72	295.51	394.95	197.45
Total Liabilities & Equity	341.96	381.78	402.32	458.17	229.07
Total Debt	12.33	12.7	7.81	7.15	6.49
Net Cash (Debt)	194.71	217.64	274.75	358.73	169.59
Net Cash Growth	-10.54%	-20.78%	-23.41%	111.53%	407.87%
Net Cash Per Share	0.32	0.35	0.45	0.62	0.33
Filing Date Shares Outstanding	617.37	617.37	616.47	613.16	550.66
Total Common Shares Outstanding	617.37	616.98	616.47	613.16	550.66
Working Capital	191.34	250.44	297.95	373.49	180.14
Book Value Per Share	0.36	0.44	0.48	0.64	0.36
Tangible Book Value	217.57	260.32	292.36	392.99	195.23
Tangible Book Value Per Share	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

Source: S&P Global Market Intelligence. Standard template. Financial Sources.