REG - Yu Group PLC - Trading Update

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Tue 07:02

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RNS Number : 9216R  Yu Group PLC  22 July 2025

22 July 2025

 

Yü Group PLC

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

 

Trading Update and notice of results

 

Yü Group (AIM: YU.), the independent supplier of gas and electricity, meter
asset owner, and installer of smart meters to the UK SME & corporate
sector, is pleased to provide an update on trading for the six months ended 30
June 2025.

 

Financial and Operational highlights

 

·    Continued strong organic growth in-line with management expectations.
The Group delivered H125 revenue of approximately £341m, up c.9.0% (H124:
£313m), in line with Group strategy of gaining market share.

 

·    Average monthly bookings at £41.4m, down 12% on H124 (H124: £46.9m,
FY24: £42.6m) reflecting the wholesale commodity market normalising, as
expected.

 

·     Very strong meter point growth for the fifth consecutive period in
line with the Group's strategy to scale sustainably using its Digital by
Default platform. The Group delivered a c48% increase in meter points versus
the prior year, to close at 107,000 (H124: 72,300; FY24: 88,000). The Group
continues to grow volumetric consumption and leverages off the successful
implementation of the five-year commodity hedging agreement with Shell Energy
enabling continued scaling.

 

·     Yü Smart delivered value and volume as scale becomes material, with
meter's owned in the period up 179% on the same period in 2024 (H125: 36,500;
H124: 13,100), providing 200% increase in forward annualised, indexed annuity
income (H125: £1.8m; H124: £0.6m).

 

·    £109.9m of net cash at 30 June (H124: £86.8m) demonstrating
continued strong operational cash inflow and tight controls on bad debt after
£6.9m of dividend payments, £2.0m of capex in metering assets.

 

·     Strong trading partnership with Shell Energy and alignment of scale
opportunities has seen the Group add additional energy products to attract a
wider market.

 

·      Third consecutive year in The Sunday Times '100 Best Places to
Work' list demonstrates the continued investment in our values. Our people
remain the heartbeat of our business and central to our growth.

 

 

Outlook

·    The Group is on target to deliver EBITDA and EPS for FY25 in-line
with current market expectations against a backdrop of normalising energy
wholesale prices that have created a more competitive pricing environment. We
continue to see scale and profitability in FY25 and beyond.

 

·     We continue to see strong growth in both meter points supplied by
Yü Energy and meters owned by Yü Smart, despite the normal challenges of
starting up a new division within an established business. Meters installed by
Yü Smart are delivering positive outcomes in customer usage habits and cost
controls, which is set to grow as we replace outsourced support with Yü
Smart's growing operational capabilities.

 

·    Our strong cash generation and disciplined approach to our balance
sheet continues to provide the Group with confidence and credibility when
looking at opportunistic inorganic growth and value opportunities whilst
underpinning our progressive dividend policy to enable increased distributions
to shareholders.

 

Bobby Kalar, Chief Executive Officer, said:

"I'm pleased with our continued delivery for the first 6 months providing
confidence management are in-line with expectations for the year. Our forward
contract book remains strong and continues to grow despite the recent drop in
wholesale energy prices.  While I'm personally disappointed investor appetite
remains restrictive, prolonged cash outflows from the UK continue to severely
hinder our valuation. I would like to thank all my team for their continued
support and effort. We will remain focussed on our growth strategy to deliver
continued shareholder value and returns."

 

Notice of results

The Group will issue interim results on Tuesday 23(rd) September 2025.

 

For further information, please contact:

 Yü Group PLC       +44 (0) 115 975 8258

 Bobby Kalar         

 Paul Rawson

 Andy Simpson

 Panmure Liberum    +44 (0) 20 3100 2000

 Bidhi Bhoma

 Edward Mansfield

 Satbir Kler

 Gaya Bhatt

 

Notes to Editors

Information on the Group

Yü Group PLC is a leading supplier of gas and electricity focused on
servicing the corporate sector throughout the UK. We drive innovation through
a combination of user-friendly digital solutions and personalised, high
quality customer service. The Group plays a key role supporting businesses in
their transition to lower carbon technologies with a commitment to providing
sustainable energy solutions.

Yü Group has a clear strategy to deliver sustainable profitable growth (in a
£50bn+ addressable market) and value for all of our stakeholders, built on
strong foundations and with a robust hedging policy. The Group has achieved a
compound annual growth rate of over 60% over the last four years and has
consistently improved margin and profitability performance. In 2023 the Group
launched Yü Smart and Yü Charge to support growth through new opportunities
in smart metering installation.

 

 

 

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