Yu Group (YU) H1 2026 earnings summary

Executive summary

• Revenue grew 19% year-over-year to £405m, with adjusted EBITDA up 4% to £24m and adjusted diluted EPS up 7% to 103p.

• Meter points supplied increased 43% to 153,000, and aggregate contracted revenue rose 42% to £1.7bn.

• Interim dividend increased 9% to 24p per share, covered 4.3x by adjusted earnings.

• Strong cash position of £129m, up 9% year-over-year, supporting ongoing investment and dividend growth.

Financial highlights

• Revenue: £405m (+19% YoY); Adjusted EBITDA: £24m (+4% YoY); Profit before tax: £22m (-4% YoY).

• Gross margin declined to 12.6% (from 13.6%); net customer contribution margin at 9.9%.

• Operating cash inflow: £38m; closing cash: £129m.

• Adjusted diluted EPS: 103p (+7% YoY); statutory basic EPS: 93p (-5% YoY).

• Interim dividend: 24p per share (+9% YoY).

Outlook and guidance

• On track to deliver FY26 revenue, adjusted EBITDA, and EPS in line with market expectations.

• Forward contract book expected to exceed £2bn by end of 2026.

• Strong cash generation and disciplined balance sheet support opportunistic inorganic growth and progressive dividend policy.