Yu Group (YU) H1 2026 TU earnings summary

Financial and operational performance

• Revenue grew 19% to approximately £405m, with market share gains despite reduced consumption due to a warmer winter.

• Gross cash increased 9% to £129m after investments aligned with a 3-year plan targeting 7-9% UK market share.

• Meter points rose 43% to 153,000, marking the seventh consecutive period of growth.

• Contract book expanded 45% to £1.7bn, with £0.7bn revenue already secured for 2027.

• Yü Smart delivered a 27% increase in meter installs and 37% growth in meters owned, boosting forward annualised annuity income by 2.5x.

Strategic developments and outlook

• Extension of the Shell Trading Agreement and hedging facility to 2032 supports ambitious growth plans.

• On track to meet FY26 EBITDA, EPS, and operational meter targets, maintaining tight operational leverage.

• Meter growth aligns with the goal of achieving 7-9% market share by 2028.

• Strong contract book underpins optimism for continued growth into 2027.

Recognition and workforce

• Named for the fourth consecutive year in The Sunday Times' 100 Best Places to Work.

• Ranked 85th on the TIME Growth Leaders 2026 list, highlighting ongoing business strength.

• Continued investment in people and digital transformation supports operational resilience.