REG - eEnergy Group PLC - FY Trading Update

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RNS Number : 5486L  eEnergy Group PLC  15 December 2025

 

15 December 2025

 

eEnergy Group plc

("eEnergy", "the Company" or "the Group")

 

FY Trading Update

 

eEnergy (AIM: EAAS), an Energy-as-a-Service provider funding and delivering
energy infrastructure upgrades across multi-site portfolios with zero upfront
cost, provides a trading update for the five months ended 30 November 2025
(the "Period"), ahead of the financial year ending 31 December 2025. In
addition, it provides an operational update on the rollout and mobilisation of
its significant solar PV agreement announced on 1 September 2025.

 

As announced at the Half Year Results, the Company continues to see strong
demand for its services and has developed an investment grade pipeline of
c.£127m net revenue across 996 active projects created in FY2025. The Group
was also pleased to announce several record new contracts in the Period,
particularly for its Solar PV business. During the Period, the Group also
began the installations as part of an enlarged program of work with Mace which
now encompasses solar PV, LED, EV charging and battery installation across
what is now circa 74 schools mainly in the Midlands and partly in the London
area. This work is expected to be completed by end of Q12026.

 

During the Period, the Group was awarded a £1.5m solar PV installation
contract by the bakery Brioche Pasquier, with the project now live. This
carport project is one of the UK's largest carport systems, and positions
eEnergy well to meet the strong growth in demand expected for car port solar
PV products in 2026.

 

The Company is now appointed on five frameworks which are already yielding
results with contracts being awarded, notably the £0.5m contract with
University Hospitals Plymouth NHS Trust, won through the NHS Commercial
Solutions framework. These frameworks broaden the Group's channels to market
alongside its direct sales.

 

Since entering the £100m funding partnership with Redaptive Inc in May 2025,
eEnergy has drawn down USD$17.4m of the fund covering over 175 solar and LED
projects across 179 locations and 51 customers.

 

FY2025 and Outlook

The business is now benefiting from additional sector exposure, an expanded
technology offering and a reduced reliance on direct sales with significant
revenue derived from tenders. The Company has increased its participation in
major frameworks and is seeing access to a growing number of larger contract
opportunities, which is all consistent with the Group's strategy to pursue
larger contract awards and diversifying.

 

Despite significant progress made during the year, with substantial pipeline
growth, the securing of several major contracts and gross margins continuing
to show improvement year on year, the Group now expects approximately
£3m-£4m of previously anticipated FY2025 revenue to be recognised in H12026.
This is as a result of delays in the installation phases of existing signed
contracts together with a number of anticipated significant investment grade
contract signings being pushed in to early 2026, which will now result in the
revenue not being recognised until FY2026. These revenues will now be
incremental to FY26 and, alongside the currently secured record contracted
FY26 order book of £10.5m (January 2025: £7.0m) and the Group's growing
investment grade pipeline of opportunities created in FY2025, the Group
expects a record FY2026 as outlined below.

 

The Company remains in final stage discussions with several NHS trusts
awaiting decisions on NHS Energy Efficiency Fund (NEEF), which it expects
decisions on by year end, with delivery on these contracts commencing in
January 2026.

 

As a result of the factors outlined above, the Board now anticipates revenue
for FY2025 will be between £23m-£24m (FY24: £25.1m) depending on the value
of contracts awarded and signed in the last two weeks of December this year.
In addition, the Board now expects adjusted EBITDA to show material increase
over the prior year (FY2024: £0.6m) with a current range for FY2025 of
between £1.5m-£1.9m, subject to the outcome of new sales awards in the
remainder of the year.

 

With the expected increased run rate of new sales converting into revenue and
the circa £3m-4m of expected H22025 revenue now expected in H12026, the Board
expects a corresponding uplift in revenue growth and adjusted EBITDA for
FY2026. Given the significant quantum of contract revenues underpinning the
improved FY2026 revenue and profit performance, the Board estimates H12026
revenue in the region of c.£20m, double the previous year. The Board also
revises guidance for FY2026 revenues and adjusted EBITDA, upgrading both by
c.13% to £34m and £4.5m respectively.

 

Harvey Sinclair, CEO of eEnergy, commented:

 

"eEnergy continues to see strong demand for its services and we are pleased to
have secured several record contracts in H2 2025. Despite the continued growth
in our new sales pipeline, contract signings have been delayed and we are now
expecting the majority of the Mace installation and new sales awards to be
recognised in H12026. Whilst this shift in revenues beyond the year end is
frustrating, the underlying contract economics and gross value are unchanged.
This portion of revenue is now concentrated into early FY2026 which, alongside
our strong pipeline, significantly increases the Board's confidence in an
improved financial outturn in FY2026. The slippage experienced was
timing-related only, and consequently we have upgraded FY2026 guidance for
revenue by c.13% from £30m to £34m, and adjusted EBITDA by c.12.5% from £4m
to £4.5m.

 

"We remain focused on enabling organisations to achieve sustainable energy
savings, protect themselves against future energy price volatility, and
accelerate progress toward net zero. We have continued to deliver on our
strategy, focusing on participating in more public sector framework deals.
These bring the benefit of assured scale and long-term value but, as we have
witnessed recently, it brings associated risk of unpredictability around
formalisation and installation of the work due to the nature of multi-party
procurement structures. Furthermore, we have rationalised our cost base,
improved our operating efficiencies and maintain a strong pipeline and growth
trajectory. I look forward to 2026 with continued confidence."

 

For further information, please visit www.eenergy.com (http://www.eenergy.com)
or contact:

 

 

 eEnergy Group plc                              Tel: +44 20 3813 1550
 Harvey Sinclair, Chief Executive Officer       info@eenergy.com (mailto:info@eenergy.com)

 John Gahan, Chief Financial Officer

 Strand Hanson Limited (Nominated Adviser)      Tel: +44 20 7409 3494
 Richard Johnson, James Harris

 Canaccord Genuity Limited (Broker)             Tel: +44 20 7523 8000
 Max Hartley, Harry Pardoe (Corporate Broking)

 Tavistock                                      Tel: +44 20 7920 3150
 Jos Simson, Nick Dibden, Katie Hopkins         eEnergy@tavistock.co.uk (mailto:eEnergy@tavistock.co.uk)

 

 

About eEnergy Group plc

 

eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding
and delivering energy-saving and energy-generating solutions across multi-site
public sector and commercial portfolios-helping customers cut energy waste,
reduce operating costs, and improve building resilience with zero upfront
cost.

 

eEnergy delivers four core solutions:

·      Reduce: LED lighting and controls

·      Generate: Solar PV (rooftop, ground mount, and carport)

·      Store: Battery storage (store onsite generation and reduce
peak-time import costs)

·      Charge: EV charging infrastructure and management

 

Projects are funded through dedicated facilities, including up to £100m of
project funding via eEnergy's partnership with Redaptive, and a £40m NatWest
facility supporting public sector deployments.

 

eEnergy's routes to market include direct sales, public sector frameworks,
tenders and strategic partnerships. The Group holds positions on five major
procurement frameworks-CCS (Crown Commercial Service), LASER, Lexica/NHS
London, NHS Commercial Solutions Framework, and Proactis (YPO)-and is an
Office for Zero Emission Vehicles (OZEV) approved EV charge point installer.

 

The Group has delivered over 1,200 projects and has installed c.590,000 LEDs,
improving learning environments for c.520,000 students.

 

eEnergy is a market leader in the education sector and has been awarded the
London Stock Exchange's Green Economy Mark. The Company is also recognised in
the 2025 UK Fast Growth 50 Index within the Fastest Growing Green Firms 2025
list, and holds an EcoVadis Bronze Medal with a score of 61/100, placing it in
the top third of more than 130,000 organisations assessed globally.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part
of UK domestic law by virtue of the European Union (Withdrawal) Act 2018,
as amended.

 

-ends-

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