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ITM Power
ITM Power (ITM) investor relations material
ITM Power H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary29 Jan, 2026
Executive summary
Achieved record half-year revenue of £18.0m, up from £15.5m year-over-year, driven by strong equipment sales, engineering services, and major project wins.
Adjusted EBITDA loss narrowed to £11.9m from £16.8m, reflecting improved operational discipline.
Cash position remained robust at £197.8m at period end, with a £9.2m outflow during H1 FY26.
Order backlog increased to £152m, with 71% now profitable contracts, up from 60% in April 2025.
Significant operational progress with new product launches (ALPHA 50, NEPTUNE V, Hydropulse BOO), automation (AutoStacker), and major project wins in the UK, Germany, and Asia-Pacific.
Financial highlights
H1 2026 revenue reached £18.0m, up from £15.5m in H1 2025, mainly from equipment sales and service contracts.
Gross loss narrowed to £6.5m from £10.2m year-over-year, reflecting higher production and cost control.
Adjusted EBITDA loss: £11.9m (H1 2025: £16.8m); loss before tax: £14.1m (H1 2025: £28.8m).
Capital expenditure totaled £6.9m, supporting automation and product development.
Cash outflow of £9.2m over 12 months, with cash at £197.8m at period end.
Outlook and guidance
Full-year revenue guidance reiterated at £35m–£40m, representing 400% growth over two years.
Adjusted EBITDA loss expected between £27m and £29m, with improvement of £4m year-on-year.
Year-end net cash forecasted at £170m–£175m, with higher outflows in H2 due to project milestone timing.
CHRONOS integration strategy for products?
Hydropulse scaling factors and timeline?
Revenue recognition impact on P&L visibility?
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Latest events from ITM Power
- Revenue tripled, EBITDA loss narrowed, and contract backlog surged on strong NEPTUNE sales.ITM
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Next ITM Power earnings date
H2 202613 Aug, 2026
ITM Power
Next ITM Power earnings date
H2 202613 Aug, 2026
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