ITM Power Income Statement

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
Operating Revenue	26.04	16.51	5.23	5.63	4.28
Other Revenue	-	-	-	-	1.36
Revenue	26.04	16.51	5.23	5.63	5.63
Revenue Growth (YoY)	57.73%	215.72%	-7.07%	-0.07%	12.39%
Cost of Revenue	49.73	33.17	84.29	29.1	20.98
Gross Profit	-23.69	-16.66	-79.07	-23.48	-15.35
Selling, General & Admin	17.92	18.32	17.74	18.63	8.84
Research & Development	-	-	-	-	3.49
Amortization of Goodwill & Intangibles	2.45	1.92	0.94	0.85	-
Other Operating Expenses	-3.42	-1.23	-1.57	-0.56	-1.19
Operating Expenses	17.78	19.8	20.12	21.26	11.3
Operating Income	-41.46	-36.47	-99.18	-44.74	-26.66
Interest Expense	-0.99	-0.64	-0.54	-0.53	-0.48
Interest & Investment Income	10.17	12.22	4.65	0.33	0.08
Earnings From Equity Investments	-0.01	-0.29	-1.57	-0.01	-0.6
EBT Excluding Unusual Items	-32.28	-25.18	-96.64	-44.95	-27.65
Gain (Loss) on Sale of Investments	-	-0.33	-	-	-
Gain (Loss) on Sale of Assets	0.01	-0.13	-0.06	-1.71	-
Asset Writedown	-	-1.42	-4.47	-	-
Other Unusual Items	-13.09	-	-	-	-
Pretax Income	-45.36	-27.06	-101.17	-46.66	-27.65
Income Tax Expense	0.15	0.17	0.03	0.03	0.05
Net Income	-45.52	-27.22	-101.2	-46.69	-27.7
Net Income to Common	-45.52	-27.22	-101.2	-46.69	-27.7
Shares Outstanding (Basic)	617	617	615	577	507
Shares Outstanding (Diluted)	617	617	615	577	507
Shares Change (YoY)	0.09%	0.34%	6.59%	13.69%	27.39%
EPS (Basic)	-0.07	-0.04	-0.16	-0.08	-0.05
EPS (Diluted)	-0.07	-0.04	-0.16	-0.08	-0.05
Free Cash Flow	-28.57	-62.55	-81.11	-42.27	-34.56
Free Cash Flow Per Share	-0.05	-0.10	-0.13	-0.07	-0.07
Gross Margin	-90.96%	-100.94%	-	-	-272.65%
Operating Margin	-159.22%	-220.90%	-1896.73%	-795.02%	-473.40%
Profit Margin	-174.79%	-164.90%	-1935.38%	-829.82%	-491.87%
Free Cash Flow Margin	-109.70%	-378.87%	-1551.10%	-751.27%	-613.80%
EBITDA	-35.43	-31.68	-96.05	-42.35	-24.85
EBITDA Margin	-136.06%	-191.89%	-	-	-
D&A For EBITDA	6.03	4.79	3.14	2.39	1.8
EBIT	-41.46	-36.47	-99.18	-44.74	-26.66
EBIT Margin	-159.22%	-220.90%	-	-	-

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