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ITM Power GAAP EPS of 4.70p, revenue of £15.53M; reaffirms FY outlook

  • ITM Power Plc press release (OTCPK:ITMPF): 1H GAAP EPS of 4.70p.
  • Revenue of £15.53M (+74.9% Y/Y).
  • Adjusted EBITDA loss of £16.8m (H124: £18.1m).
  • Cash at the end of H125 of £203.1m (H124: £253.7m).
  • Record contract backlog to date of £135.3m, up from £43.7m two years ago.
  • Reiteration of full-year revenue guidance, improved adjusted EBITDA losses versus original guidance, and a further improvement to cash:

    o  Revenue between £18m and £22m.

    o  Adjusted EBITDA loss between £32m and £36m.

    o  Cash between £185m and £195m, substantially improved against original FY guidance of £160-175m and previously improved guidance of £170-180m.


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