Energy One (EOL) H1 2025 earnings summary

Executive summary

• Achieved record half-year financial performance with revenue of $28.8M, up 14% year-over-year, and net profit after tax of $2.5M, reversing a prior year loss.

• EBITDA rose 126% to $7.4M, with margin improvement to 26% from 20% in the prior period.

• Annual Recurring Revenue (ARR) at January 2025 reached $54.9M, up 18% from January 2024.

• Enhanced cybersecurity, risk management, and innovation in batteries, AI, and automated trading, with a global matrix structure and staff engagement initiatives.

• Recognized as a key player in energy markets across Australia and Europe, with a one-stop-shop positioning.

Financial highlights

• Revenue and other income increased to $28.8M from $25.2M year-over-year; recurring revenue up 18%.

• EBITDA rose to $7.4M from $3.3M, and net profit before tax was $3.5M, up from a $0.5M loss.

• Cash-EBITDA increased 61% to $4.5M, and revenue per employee rose 11% to $306K.

• Net debt reduced by over AUD 8 million year-over-year, supported by capital raise and strong cash earnings.

• No one-off adjustments required in H1 FY25; prior year included acquisition and cyber incident costs.

Outlook and guidance

• Targeting organic recurring revenue growth of 15–20%+ per year, with aspirations to exceed 20% as market opportunities expand.

• Margin expansion remains a focus, aiming for cash-EBITDA margins near 30% by FY27, with ongoing investment in innovation and growth.

• Pipeline value increased 16% during the year; robust pipeline and lead generation support positive outlook.

• Second half of FY25 expected to be stronger than the first.

• No specific FY27 guidance provided; targets are aspirational and based on current trajectory.