REG - ITM Power PLC - FY26 revenue guidance raised

ITM PowerAnnouncement

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RNS Number : 2316T  ITM Power PLC  17 February 2026

17 February 2026

 

ITM Power plc

 

FY26 revenue guidance raised by over 10%

 

ITM Power is delighted to announce that revenue for FY26 is now expected to be
between £40m and £43m, an 11% midpoint increase compared to the previous
guidance range of £35m to £40m.

This increase is due to strong project progress. Following our adoption of the
percentage-of-completion (PoC) method, which enables revenue to be recognised
progressively over the life of the contract, the increased guidance also
reflects contributions from recently announced contracts.

Adjusted EBITDA and cash guidance remain unchanged.

Dennis Schulz, CEO, said, "ITM continues to deliver strong revenue performance
while increasing our firm contract backlog, and we remain well-positioned with
a healthy level of sales activity."

 

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

 ITM Power plc
 Justin Scarborough, Head of Investor Relations  +44 (0)114 551 1080

 Berenberg
 Ciaran Walsh, Harry Nicholas                    +44 (0)20 3207 7800

 J.P. Morgan Cazenove
 Richard Perelman, Charles Oakes                 +44 (0)20 7742 4000

 

About ITM Power plc:

ITM Power was founded in 2000 and ITM Power plc was admitted to the AIM of the
London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power
designs and manufactures electrolysers based on proton exchange membrane (PEM)
technology to produce green hydrogen, the only net zero energy gas, using
renewable electricity and water.

 

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