Ceres Power Holdings plc (CPWHF)

Ceres Power Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	44.48	51.89	22.32	19.79	30.78	21.12
Revenue Growth (YoY)	13.58%	132.44%	12.82%	-35.70%	45.71%	38.05%
Cost of Revenue	10.59	11.73	8.77	9.08	11.73	6.9
Gross Profit	33.9	40.16	13.55	10.71	19.05	14.22
Selling, General & Admin	21.15	25.8	22.59	17.51	13.41	8.3
Research & Development	50.85	48.53	54.03	48.55	31.29	18.55
Other Operating Expenses	-3.32	-2.85	-3.67	-1.33	-2.23	-0.87
Operating Expenses	68.68	71.48	72.96	64.72	42.48	25.97
Operating Income	-34.78	-31.32	-59.4	-54.01	-23.43	-11.76
Interest Expense	-0.23	-0.24	-0.35	-0.21	-0.32	-0.44
Interest & Investment Income	4.78	5.81	7.08	2.66	0.44	0.66
Currency Exchange Gain (Loss)	0	-0.08	-0.81	0.17	-	-
Other Non Operating Income (Expenses)	-0.21	-0.04	-0.14	-0.09	-0.06	-
Pretax Income	-34.04	-25.87	-53.61	-51.49	-23.37	-11.54
Income Tax Expense	1.3	2.43	0.4	-3.87	-2.28	-1.66
Net Income	-35.34	-28.31	-54.01	-47.62	-21.09	-9.88
Net Income to Common	-35.34	-28.31	-54.01	-47.62	-21.09	-9.88
Shares Outstanding (Basic)	194	193	193	191	186	162
Shares Outstanding (Diluted)	194	193	193	191	186	162
Shares Change (YoY)	0.37%	0.35%	0.66%	3.07%	14.29%	15.27%
EPS (Basic)	-0.18	-0.15	-0.28	-0.25	-0.11	-0.06
EPS (Diluted)	-0.18	-0.15	-0.28	-0.25	-0.11	-0.06
Free Cash Flow	-24.71	-40.39	-41.82	-63.18	-27.72	-10.05
Free Cash Flow Per Share	-0.13	-0.21	-0.22	-0.33	-0.15	-0.06
Gross Margin	76.20%	77.40%	60.71%	54.12%	61.88%	67.32%
Operating Margin	-78.18%	-60.35%	-266.09%	-272.96%	-76.13%	-55.66%
Profit Margin	-79.44%	-54.55%	-241.93%	-240.63%	-68.53%	-46.77%
Free Cash Flow Margin	-55.54%	-77.84%	-187.34%	-319.28%	-90.07%	-47.60%
EBITDA	-27.32	-23.7	-51.86	-48.34	-19.22	-9.21
EBITDA Margin	-61.40%	-45.67%	-232.32%	-244.31%	-62.43%	-43.60%
D&A For EBITDA	7.46	7.62	7.54	5.67	4.22	2.55
EBIT	-34.78	-31.32	-59.4	-54.01	-23.43	-11.76
EBIT Margin	-78.18%	-60.35%	-266.09%	-272.96%	-76.13%	-55.66%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.