Ceres Power Holdings Income Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	32.64	51.89	22.32	19.79	30.78
Revenue Growth (YoY)	-37.09%	132.44%	12.82%	-35.70%	45.71%
Cost of Revenue	9.94	11.73	8.77	9.08	11.73
Gross Profit	22.7	40.16	13.55	10.71	19.05
Selling, General & Admin	21.51	25.8	22.59	17.51	13.41
Research & Development	48.56	48.53	54.03	48.55	31.29
Other Operating Expenses	-3.17	-2.85	-3.67	-1.33	-2.23
Operating Expenses	66.91	71.48	72.96	64.72	42.48
Operating Income	-44.2	-31.32	-59.4	-54.01	-23.43
Interest Expense	-0.25	-0.24	-0.35	-0.21	-0.32
Interest & Investment Income	4.06	5.81	7.08	2.66	0.44
Currency Exchange Gain (Loss)	-	-0.08	-0.81	0.17	-
Other Non Operating Income (Expenses)	-0.34	-0.04	-0.14	-0.09	-0.06
EBT Excluding Unusual Items	-40.73	-25.87	-53.61	-51.49	-23.37
Gain (Loss) on Sale of Investments	-2.16	-	-	-	-
Other Unusual Items	-3.42	-	-	-	-
Pretax Income	-46.31	-25.87	-53.61	-51.49	-23.37
Income Tax Expense	1.24	2.43	0.4	-3.87	-2.28
Net Income	-47.55	-28.31	-54.01	-47.62	-21.09
Net Income to Common	-47.55	-28.31	-54.01	-47.62	-21.09
Shares Outstanding (Basic)	194	193	193	191	186
Shares Outstanding (Diluted)	194	193	193	191	186
Shares Change (YoY)	0.30%	0.35%	0.66%	3.07%	14.29%
EPS (Basic)	-0.25	-0.15	-0.28	-0.25	-0.11
EPS (Diluted)	-0.25	-0.15	-0.28	-0.25	-0.11
Free Cash Flow	-21.85	-40.39	-41.82	-63.18	-27.72
Free Cash Flow Per Share	-0.11	-0.21	-0.22	-0.33	-0.15
Gross Margin	69.55%	77.40%	60.71%	54.12%	61.88%
Operating Margin	-135.41%	-60.35%	-266.09%	-272.96%	-76.13%
Profit Margin	-145.66%	-54.55%	-241.93%	-240.63%	-68.53%
Free Cash Flow Margin	-66.92%	-77.84%	-187.34%	-319.28%	-90.07%
EBITDA	-36.67	-23.7	-51.86	-48.34	-19.22
EBITDA Margin	-112.33%	-45.67%	-232.32%	-244.31%	-62.43%
D&A For EBITDA	7.53	7.62	7.54	5.67	4.22
EBIT	-44.2	-31.32	-59.4	-54.01	-23.43
EBIT Margin	-135.41%	-60.35%	-266.09%	-272.96%	-76.13%

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