Overview
UK green aggregation firm's fiscal H1 revenue rose 51% yr/yr
Net loss after tax narrowed in fiscal H1 due to higher revenue and cost discipline
Gross margin declined to 62% from 67% yr/yr, reflecting change in work mix
Outlook
Company cautions H1 revenue growth rate should not be extrapolated into H2
Sabien says pipeline conversion timing remains uncertain and may impact future results
Company aims to convert M2G sales pipeline and advance COF RGO commercialisation in H2 FY26
Result Drivers
M2G CLOUD CONNECT GROWTH - Revenue growth driven by increased productivity from partner-led channel model in M2G Cloud Connect business
WORK MIX IMPACTS MARGIN - Gross margin decline attributed to change in mix of work undertaken during the period
COST DISCIPLINE - Reduced net loss reflects higher revenue and continued focus on cost discipline
Company press release: ID:nRSe8149Ya
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 504,000
H1 Net Income
-GBP 209,000
H1 Gross Margin
62.00%
H1 EBIT
-GBP 196,000
H1 Gross Profit
GBP 312,000
H1 Pretax Profit
-GBP 209,000
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)