H-Power plc

HPOW · AIM · Energy · mcap £107m · 9.9p

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Financials · LTM to 30 Apr 26

Source: results 10 Jun 26 ↗

Revenue: £361k
Operating profit: −£21.6m
Net income: −£17.9m
Free cash flow: −£15.0m
Net cash: £8.2m
Market cap: £112m
EV / EBIT: –
FCF yield: −13.4%
Price / book: 3.5×

Latest half-year · H1 Apr 26 vs H1 Apr 25 results 10 Jun 26 ↗

Revenue: £253k
Operating profit: −£7.7m
Net income: −£5.8m
Cash from operations: −£4.0m

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

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 Apr 26 (six months to 30 Apr 26), published 10 Jun 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Apr 26	FY Oct 25
Revenue	0.4	0.1
Gross profit	(0.1)	(0.1)
Operating profit	(21.6)	(25.6)
Depreciation (owned assets)	2.1	2.7
Depreciation (right-of-use)	0.5	0.5
Amortisation	1.7	1.0
Share-based payments	2.5	2.6
Finance costs	(0.1)	(0.1)
Profit before tax	(21.1)	(25.5)
Tax	3.3	3.3
Net income (owners)	(17.9)	(22.2)
EPS basic	(1.7p)	(2.4p)
EPS diluted	(1.7p)	(2.4p)

	H1 Apr 26	vs H1 Apr 25	H2 Oct 25	H1 Apr 25
Revenue	0.3	n/m	0.1	0.0
Gross profit	(0.1)	n/m	(0.1)	(0.1)
Operating profit	(7.7)	n/m	(13.9)	(11.7)
Depreciation (owned assets)	0.7	−48%	1.4	1.3
Depreciation (right-of-use)	0.2	−4%	0.2	0.2
Amortisation	1.1	+151%	0.6	0.4
Share-based payments	1.0	−6%	1.5	1.1
Finance costs	(0.1)	n/m	(0.0)	(0.0)
Profit before tax	(7.3)	n/m	(13.8)	(11.6)
Tax	1.5	0%	1.8	1.5
Net income (owners)	(5.8)	n/m	(12.0)	(10.1)
EPS basic	(0.5p)	–	(1.2p)	(1.2p)
EPS diluted	(0.5p)	–	(1.2p)	(1.2p)

	LTM Apr 26	FY Oct 25
Cash from operations	(8.0)	(11.6)
Capex (PP&E)	(0.4)	(0.7)
Capex (intangibles)	(6.0)	(5.2)
Lease principal paid	(0.5)	(0.5)
Lease interest paid	(0.1)	(0.0)
Shares issued	27.5	27.5

	H1 Apr 26	vs H1 Apr 25	H2 Oct 25	H1 Apr 25
Cash from operations	(4.0)	n/m	(4.1)	(7.5)
Capex (PP&E)	(0.2)	−67%	(0.2)	(0.5)
Capex (intangibles)	(4.0)	+27%	(2.0)	(3.2)
Lease principal paid	(0.3)	+20%	(0.2)	(0.2)
Lease interest paid	(0.0)	n/m	(0.0)	(0.0)
Shares issued	0.0	n/m	27.5	0.0

	Latest Apr 26	FY Oct 25
Other intangibles	11.6	8.7
Property, plant & equipment	2.0	2.5
Associates & JVs	0.6	0.6
Inventories	0.0	0.0
Trade receivables	1.6	1.9
Cash	8.2	14.3
Current assets	23.7	30.4
Total assets	39.2	42.4
Trade payables	6.1	5.6
Lease liabilities, current	0.5	0.5
Borrowings, non-current	0.0	0.1
Lease liabilities, non-current	0.8	0.0
Total liabilities	7.6	5.4
Total equity	31.6	36.4

	H1 Apr 26	H2 Oct 25	H1 Apr 25
Other intangibles	11.6	8.7	7.3
Property, plant & equipment	2.0	2.5	3.8
Associates & JVs	0.6	0.6	0.6
Inventories	0.0	0.0	1.1
Trade receivables	1.6	1.9	6.7
Cash	8.2	14.3	4.3
Current assets	23.7	30.4	15.5
Total assets	39.2	42.4	27.7
Trade payables	6.1	5.6	5.1
Lease liabilities, current	0.5	0.5	0.4
Borrowings, non-current	0.0	0.1	0.2
Lease liabilities, non-current	0.8	0.0	0.0
Total liabilities	7.6	5.4	6.4
Total equity	31.6	36.4	21.3

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.