8th Oct 2026 10:16
(Alliance News) - ITM Power PLC on Thursday said it expects narrower loss than previously forecast for its financial year.
For the 12 months that ended April 30, it expected to report an adjusted loss before interest, tax, depreciation and amortisation between GBP20.0 million and GBP21.0 million.
Its previous guidance was for a loss between GBP27.0 million to GBP29.0 million. In financial, its Ebitda loss was GBP33.0 million.
Shares in the green hydrogen electrolyser designer and manufacturer rose 3.3% to 92.57 pence each on Thursday morning in London.
ITM said revenue and cash targets remained unchanged.
In February, the Sheffield, England-based company upgraded its revenue outlook to between GBP40 million and GBP43 million from a previous range of GBP35 million to GBP40 million.
ITM expects net cash to be between GBP170 million and GBP175 million, according to its interim results.
The company said it will publish preliminary annual results for financial 2026 on October 19.
By Camilla Borri, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Itm Power