Report
Mahaut Arnaud ...
  • Paul de Froment
  • Thomas Mordelle

ITM Power: H1 prelims, FY25 guidance upgrade

Yesterday, ITM Power revealed preliminary H1 2025 numbers with revenue growing by >70% YoY to GBP15.2m (vs FY25 cons. at GBP21.4m, and BGe at GBP21.6m) and an improving adj. EBITDA loss at GBP17.1m from -GBP21m in H1 2024 (vs cons. at -GBP35.9m and BGe at -GBP37.3m). Measures taken to de-bottlen
Underlying
ITM Power PLC

ITM Power designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. Co.'s subsidiaries include: ITM Power (Research) Limited, which is engaged in the research and development of scientific and engineering projects; ITM Power (Trading) Limited, which develops and manufactures prototype products; ITM Energy Ltd, ITM Fuel Ltd, and Orkney Hydrogen Trading Ltd, which sell hydrogen; ITM Motive, is engaged in the production of drivetrains for use with hydrogen; and ITM Power GmbH, ITM Power Inc, and ITM Power ApS, which sell electrolysis equipment and hydrogen storage solutions.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Mahaut Arnaud

Paul de Froment

Thomas Mordelle

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