Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

FY25 guidance raised

22nd Apr 2025 07:00

RNS Number : 6016F
ITM Power PLC
22 April 2025
 

22 April 2025

 

ITM Power PLC

 

FY25 guidance: revenue increased by 30%, and cash-generative in the second half of the year

 

ITM Power is delighted to announce two positive changes to its FY25 guidance:

Revenue is now expected to be between £25.5m and £26.5m, a 30% increase compared to the midpoint of the previously announced range of £18m to £22m. This increase is due to additional contractual obligations having been fulfilled and associated revenue now recognised.

In addition, ITM has been net cash generative in the second half of FY25, and we now expect cash at the end of the financial year to be between £204m and £205m, an increase compared to our half-year cash balance, which stood at £203m. The original cash guidance, issued in August 2024, was between £160m and £175m and in January 2025, the guidance was increased to between £185m and £195m.

The adjusted EBITDA loss guidance of £32m to £36m remains unchanged.

Dennis Schulz, CEO, said, "ITM is continuing to achieve a strong revenue performance while tightly managing costs and capital expenditures. Our strong balance sheet is an important differentiator in the competitive landscape, and our contract backlog and sales pipeline have continued to grow. We remain well-positioned as customer FIDs accelerate through FY26."

For further information, please visit www.itm-power.com or contact:

ITM Power PLC

 

Justin Scarborough, Head of Investor Relations

 

+44 (0)114 551 1080

Berenberg

 

Ciaran Walsh, Harry Nicholas

 

+44 (0)20 3207 7800

J.P. Morgan Cazenove

 

Richard Perelman, Charles Oakes

+44 (0) 20 7742 4000

 

About ITM Power PLC:

ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSEAFEFEISEDL

Related Shares:

Itm Power
FTSE 100 Latest
Value8,596.35
Change99.55