Yu Group (YU) H2 2025 earnings summary

Executive summary

• Achieved record revenue of £700m, up 8% year-over-year, with organic meter point growth of 49% to 131k and energy supplied up 14% to 2.5 TWh.

• Adjusted EBITDA rose 4% to £51m, profit before tax increased 9% to £49m, and cash balance reached £106m.

• Market share grew to 3.5% (from 2.7%), with a 40% increase in forward contract book to £1.4bn.

• Final dividend of 45p per share, total 2025 dividend of 67p, up 12% year-over-year.

• Strategic partnerships with HSBC and Shell support growth, risk management, and capital-light trading.

Financial highlights

• Revenue: £700.4m (2024: £645.5m), +8.5% year-over-year.

• Adjusted EBITDA: £50.6m (2024: £48.8m), margin 7.2%.

• Profit before tax: £48.7m (2024: £44.5m), +9%.

• Adjusted diluted EPS: 216p (2024: 210p), +3%.

• Cash: £105.9m (2024: £85.2m), +24%.

• Gross margin: 14.3% (2024: 14.5%).

• Dividend per share: 67p (2024: 60p), +12%.

Outlook and guidance

• 2026 targets: revenue £850m–£875m, over 175k meter points, contract book >£1.75bn.

• Adjusted EBITDA and PBT expected in line with 2025, with overhead investment to support future growth.

• Cash expected to decline marginally due to early ROC payment and sales investment.

• Progressive dividend policy to continue, aiming for 3x cover on adjusted EPS.