EnergyPathways plc

EPP · AIM · Energy · mcap £19m · 7.4p

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Financials · LTM to 30 Jun 26

Source: results 29 Sep 26 ↗

Going-concern uncertainty

Revenue: –
Operating profit: –
Net income: –
Free cash flow: −£3.5m
Net debt: £118k
Market cap: £18.6m
EV / EBIT: –
FCF yield: −18.6%
Price / book: 7.1×

Latest half-year · H1 26 vs H1 25 results 29 Sep 26 ↗

Net income: −£2.0m
Cash from operations: −£999k

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 26 (six months to 30 Jun 26), published 29 Sep 26 · read the results ↗

The income statement could not be read from the annual results announcements – see Key figures.

	30 Jun 26 source	31 Dec 25 source
Non-current assets
Intangible assets	-	-
Property, plant and equipment	4,475,045	3,079,697
Total non-current assets	4,475,045	3,079,697
Current assets
Trade and other receivables	396,305	293,558
Cash and cash equivalents	840,508	1,092,759
Total current assets	1,236,813	1,386,317
Total assets	5,711,858	4,466,014
Current liabilities
Trade and other payables	(1,781,610)	(1,979,383)
Borrowings	(958,962)	-
Total current liabilities	(2,740,572)	(1,979,383)
Non-current liabilities
Financial liabilities - warrants	(352,657)	-
Total liabilities	(3,093,229)	(1,979,383)
Net assets	2,618,629	2,486,631
Equity
Ordinary share capital	2,508,252	2,241,923
Share premium	7,951,344	6,808,918
Share based payments reserve	1,193,000	517,000
Retained earnings	(9,033,967)	(7,081,210)
Total equity	2,618,629	2,486,631

	30 Jun 26 source	31 Dec 25 source	30 Jun 25 source
Non-current assets
Intangible assets	-	-	-
Property, plant and equipment	4,475,045	3,079,697	2,175,460
Total non-current assets	4,475,045	3,079,697	2,175,460
Current assets
Trade and other receivables	396,305	293,558	150,883
Cash and cash equivalents	840,508	1,092,759	695,335
Total current assets	1,236,813	1,386,317	846,218
Total assets	5,711,858	4,466,014	3,021,678
Current liabilities
Trade and other payables	(1,781,610)	(1,979,383)	(1,345,939)
Borrowings	(958,962)	-	(105,514)
Total current liabilities	(2,740,572)	(1,979,383)	(1,451,453)
Non-current liabilities
Financial liabilities - warrants	(352,657)	-	-
Total liabilities	(3,093,229)	(1,979,383)	(1,451,453)
Net assets	2,618,629	2,486,631	1,570,225
Equity
Ordinary share capital	2,508,252	2,241,923	1,860,286
Share premium	7,951,344	6,808,918	5,525,849
Share based payments reserve	1,193,000	517,000	270,000
Retained earnings	(9,033,967)	(7,081,210)	(6,085,910)
Total equity	2,618,629	2,486,631	1,570,225

	FY 25 source
Cash flows from operating activities
Loss before tax for the period	(1,659,501)
Adjustments for
Depreciation	3,413
Share based payments	9,000
Compensation settled in shares	81,037
Movement on fair value revaluations	-
Interest income	(125)
Interest expense	5,514
Total adjustments for	(1,560,662)
Changes in non-cash working capital accounts
(Increase) / decrease in trade and other receivables	(187,138)
Increase / (decrease) in trade and other payables	437,972
Cash used in / (generated by) operating activities	(1,309,828)
Income taxes paid	-
Net cash flows from operating activities	(1,309,828)
Investing activities
Purchase of property, plant and equipment	(1,038,187)
Interest income	125
Net cash used in investing activities	(1,038,062)
Financing activities
Proceeds from issue of ordinary share capital	2,639,592
Share issue costs	(56,593)
Interest paid	-
Proceeds from loans and borrowings	-
Net cash provided by financing activities	2,582,999
Net (decrease)/increase in cash and cash equivalents	235,109
Cash and cash equivalents at beginning of period	857,650
Cash and cash equivalents at end of period	1,092,759

	H1 26 source	H2 25 calc.	H1 25 source
Cash flows from operating activities
Loss before tax for the period	(1,952,757)	(1,052,300)	(607,201)
Adjustments for
Depreciation	1,697	1,716	1,697
Share based payments	676,000	9,000	-
Compensation settled in shares	6,667	51,311	29,726
Movement on fair value revaluations	215,509	-	-
Interest income	(148)	(8)	(117)
Interest expense	99,407	-	5,514
Total adjustments for	(953,625)	(990,281)	(570,381)
Changes in non-cash working capital accounts
(Increase) / decrease in trade and other receivables	(92,205)	(147,477)	(39,661)
Increase / (decrease) in trade and other payables	46,836	253,567	184,405
Cash used in / (generated by) operating activities	(998,994)	(884,191)	(425,637)
Income taxes paid	-	-	-
Net cash flows from operating activities	(998,994)	(884,191)	(425,637)
Investing activities
Purchase of property, plant and equipment	(1,145,041)	(435,743)	(602,444)
Interest income	148	8	117
Net cash used in investing activities	(1,144,893)	(435,735)	(602,327)
Financing activities
Proceeds from issue of ordinary share capital	272,897	1,833,000	806,592
Share issue costs	(11,261)	(15,650)	(40,943)
Interest paid	-	-	-
Proceeds from loans and borrowings	1,630,000	(100,000)	100,000
Net cash provided by financing activities	1,891,636	1,717,350	865,649
Net (decrease)/increase in cash and cash equivalents	(252,251)	397,424	(162,315)
Cash and cash equivalents at beginning of period	1,092,759	-	857,650
Cash and cash equivalents at end of period	840,508	397,424	695,335

	LTM Jun 26	FY 25
Revenue to operating profit
Depreciation (owned assets)	0.0	0.0
Share-based payments	–	0.0
Operating profit to net income
Finance costs	(0.1)	(0.0)
Profit before tax	(3.0)	(1.7)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Depreciation (owned assets)	0.0	n/m	0.0	0.0
Share-based payments	0.7	–	–	–
Operating profit to net income
Finance costs	(0.1)	n/m	0.0	(0.0)
Profit before tax	(2.0)	n/m	(1.1)	(0.6)
Net income (owners)	(2.0)	–	–	–

	LTM Jun 26	FY 25
Operating activities
Cash from operations	(1.9)	(1.3)
Investing activities
Capex (PP&E)	(1.6)	(1.0)
Financing activities
Shares issued	2.1	2.6

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(1.0)	n/m	(0.9)	(0.4)
Investing activities
Capex (PP&E)	(1.1)	+90%	(0.4)	(0.6)
Financing activities
Shares issued	0.3	−66%	1.8	0.8

	30 Jun 26	31 Dec 25
Non-current assets
Property, plant & equipment	4.5	3.1
Non-current assets	4.5	3.1
Current assets
Trade receivables	0.4	0.3
Cash	0.8	1.1
Current assets	1.2	1.4
Total assets	5.7	4.5
Current liabilities
Trade payables	1.8	2.0
Borrowings, current	1.0	–
Current liabilities	2.7	2.0
Non-current liabilities
Non-current liabilities	0.4	0.0
Total liabilities	3.1	2.0
Equity
Total equity	2.6	2.5

	30 Jun 26	31 Dec 25	30 Jun 25
Non-current assets
Property, plant & equipment	4.5	3.1	2.2
Non-current assets	4.5	3.1	2.2
Current assets
Trade receivables	0.4	0.3	0.2
Cash	0.8	1.1	0.7
Current assets	1.2	1.4	0.8
Total assets	5.7	4.5	3.0
Current liabilities
Trade payables	1.8	2.0	1.3
Borrowings, current	1.0	–	0.1
Current liabilities	2.7	2.0	1.5
Non-current liabilities
Non-current liabilities	0.4	0.0	0.0
Total liabilities	3.1	2.0	1.5
Equity
Total equity	2.6	2.5	1.6

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.