Pod Point Group (PODP) investor relations material

Executive summary

• Revenue declined 17% year-over-year to £52.9m, mainly due to weak private EV sales and a challenging market for the Home segment.

• Adjusted EBITDA loss widened to £20.7m from £15.3m, impacted by a £4.4m bad debt charge and restructuring costs.

• Gross margin improved by 150bps to 31.7% due to pricing, operational efficiency, and mix improvements.

• Energy Flex revenues grew 15-fold to £0.6m, establishing a recurring revenue platform.

• EDF, the majority shareholder, has made a firm offer to acquire the remaining shares, and the company drew £15m from a £30m credit facility in Q1 2025.

Financial highlights

• Revenue: £52.9m (down 17% year-over-year); gross profit: £16.8m (down 13%).

• Adjusted EBITDA loss: £20.7m (2023: £15.3m loss); loss before tax: £84.5m (2023: £83.2m loss).

• Closing cash: £5.2m (2023: £48.7m); net cash outflow driven by EBITDA loss, exceptional costs, and capital investment.

• Gross margin: 31.7% (up from 30.2% in 2023).

• Impairment charges of £44.4m on goodwill and intangibles, mainly in Home, Commercial, and Distribution segments.

Outlook and guidance

• The company expects to remain cash flow negative through 2028, with a target to become cash generative in 2029.

• Additional funding will be required in 2025 and beyond, with ongoing discussions for further capital.

• Growth anticipated in Energy Flex and recurring revenues, with a strategic shift to a service-led model.