)
Edge17 Oct 2025
A Castle in the Sky: The Story of Oracle
Oracle's journey from database innovator to disciplined enterprise backbone, now shaping the AI buildout with a standardized cloud infrastructure.
Harmony Energy Income Trust (HEIT) investor relations material
Harmony Energy Income Trust H2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2024 earnings summary27 Feb, 2025
Executive summary
Achieved 100% operational status with 790.8 MWh/395.4 MW BESS portfolio, the largest exclusively 2-hour duration in Great Britain, with a 40% capacity increase year-over-year.
Final projects energized before year-end, overcoming DNO-led delays and diversifying battery supply chain.
Operational revenue increased 147% year-over-year to £16.3m, driven by higher capacity and improved market conditions.
Board is exploring a full or partial asset sale due to persistent share price discount to NAV; exclusivity with a preferred bidder extended to March 2025.
ESG achievements include 96,073 MWh renewable energy stored, 51,945 tCO2e emissions avoided, and multiple sustainability disclosures and awards.
Financial highlights
Revenue rose 147% to £16.3m for FY 2024, despite an 11.6% drop in average revenue per MW to £58.2k/MW.
Net loss of £56.5m (EPS: -£0.25) compared to a £3.1m profit (EPS: £0.01) in FY 2023, mainly due to a £63.8m loss on investments at fair value.
NAV per share fell from 115.40p to 88.52p; NAV total return for the period was -21.6%.
Post-period, Q1 FY 2025 revenue per MW surged to £97.8k, a 70% increase over the period average, with Q1 FY24/25 already generating 63% of FY23/24 revenue.
Fourfold increase in battery volume through the balancing mechanism, aided by new software and products.
Outlook and guidance
Fully operational portfolio expected to drive proportionate revenue growth in future periods.
Guidance for a covered dividend of around 4p/share in FY24/25, contingent on revenue meeting projections; policy targets payout of at least 85% of cash flow.
Board expects to return net sale proceeds to shareholders via voluntary liquidation if asset sale is approved.
Market outlook remains positive for 2-hour BESS, with increasing renewables penetration and new NESO products supporting revenue.
Dividend policy is dynamic, reflecting revenue volatility and need for debt amortization.
Why did HEIT shares trade at NAV discount?
Explain the asset sale exclusivity extension.
Detail the impact of DNO works on revenue.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research17 Oct 2025
Beneath the Surface: A Conversation with Epiroc CEO Helena Hedblom
Legacy, innovation, and leading one of Sweden's most influential industrial companies into a new era.
)
Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
Frequently asked questions
Harmony Energy Income Trust plc is a United Kingdom-based investment company focusing on the investment in commercial-scale energy storage and renewable energy generation projects. It primarily invests in a diversified portfolio of battery energy storage systems (BESS) located in Great Britain. The company aims to deliver an attractive and sustainable level of income returns to its investors, alongside the potential for capital growth. This is achieved through investments in operational, under-construction, or shovel-ready projects, and it may also extend development finance to pipeline projects. The company is headquartered in London, United Kingdom, and its shares are listed on the London Stock Exchange .
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage