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.

• Annual Recurring Revenue (ARR) at January 2025 reached $54.9M, up 18% from January 2024, with 53 net new installs in the last 12 months.

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

• Enhanced cybersecurity, risk management, and innovation in batteries, AI, and automated trading, including a 24/7 Security Operations Centre.

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

Financial highlights

• Revenue increased 14% year-over-year to $28.8M, with recurring revenue (ARR) up 18% and other income included.

• EBITDA rose to $7.4M, up 48%–126% year-over-year; Cash EBITDA up 60%–61% to $4.5M.

• Net profit before tax was $3.5M, up from a $0.5M loss; NPBT surged 175%.

• Net debt reduced by over $8M year-over-year, aided by capital raise and strong cash earnings.

• Software gross margins around 80% when isolated; overall gross margin stable at 63%, cash gross margin at 69%.

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, with cost growth to be restricted to half the rate of revenue growth and cash-EBITDA margins near 30% by FY27.

• Pipeline value increased 16% during the year; further uplift expected and second half of FY25 expected to be stronger.

• Continued investment in cybersecurity, with 24/7 SOC live and ISO 27001 certification targeted for 2025.

• No formal FY27 guidance provided; stated targets are aspirational and based on current growth trajectory.