Invinity Energy Systems

IES · AIM · Industrial Goods and Services · mcap £111m · 19.5p

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Financials · LTM to 30 Jun 26

Source: results 21 Sep 26 ↗

Revenue: –
Operating profit: –
Net income: −£25.6m
Free cash flow: −£20.2m
Net cash: £10.5m
Market cap: £111m
EV / EBIT: –
FCF yield: −18.2%
Price / book: 2.0×

Latest half-year · H1 26 vs H1 25 results 21 Sep 26 ↗

Net income: −£12.1m
Cash from operations: −£12.9m

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 21 Sep 26 · read the results ↗

	FY 25£000 source	FY 24£000 source
Loss for the Year Other Comprehensive Expense Items that may be Reclassified Subsequently to Profit or Loss	(24,094)	(22,797)
Exchange differences on the translation of foreign operations	(96)	(355)
Total Comprehensive Loss for the Year	(24,190)	(23,152)
1Refer to note 1
Consolidated Statement of Financial Position
As at 31 December 2025
2024 (Unaudited) 1	2025	–
Note	£000	£000
Non-Current Assets
Goodwill and other intangible assets	23,948	23,959
Property, plant and equipment	10,360	2,346
Right-of-use assets	1,640	1,526
Contract assets	225	-
Other non-current assets	191	-
Total Non-Current Assets	36,364	27,831
Current Assets
Inventory	2,636	5,753
Contract assets	978	1,149
Trade receivables	3,260	827
Other current assets	9,019	7,648
Cash and cash equivalents	28,789	32,352
Total Current Assets	44,682	47,729
Total Assets	81,046	75,560
Current Liabilities
Trade and other payables	(7,539)	(4,525)
Derivative financial instruments	(135)	(271)
Contract liabilities	(649)	(1,392)
Lease liabilities	(643)	(550)
Provisions	(946)	(381)
Other liabilities	(1,812)	-
Total Current Liabilities	(11,724)	(7,119)
Net Current Assets	32,958	40,610
Non-Current Liabilities
Lease liabilities	(1,352)	(1,145)
Provisions	(1,493)	(1,627)
Other liabilities	(43)	-
Total Non-Current Liabilities	(2,888)	(2,772)
Total Liabilities	(14,612)	(9,891)
Net Assets	66,434	65,669
Equity
Called up share capital	5,688	53,473
Share premium	22,872	215,121
Share-based payment reserve	8,129	7,328
Merger reserve	264,188	-
Accumulated losses	(232,164)	(208,070)
Currency translation reserve	(2,318)	(2,222)
Other reserves	39	39
Total Equity	66,434	65,669

	H1 26 source	H2 25£000 calc.	H1 25 source
Loss for the period	(24,094)	–	–
Other comprehensive income/(expense)
Exchange differences on the translation of foreign operations	(96)	–	–
Total comprehensive loss for the period	(24,190)	–	–
Unaudited Consolidated Statement of Financial Position
As at 30 June 2026
Note	£000	–	–
Non-current assets
Goodwill and other intangible assets	23,948	–	–
Property, plant and equipment	10,360	–	–
Right-of-use assets	1,640	–	–
Contract assets	225	–	–
Other non-current assets	191	–	–
Total non-current assets	36,364	–	–
Current assets
Inventory	2,636	–	–
Other current assets	9,019	–	–
Contract assets	978	–	–
Trade receivables	3,260	–	–
Cash and cash equivalents	28,789	–	–
Total current assets	44,682	–	–
Total assets	81,046	–	–
Current liabilities
Trade and other payables	(7,539)	–	–
Derivative financial instruments	(135)	–	–
Contract liabilities	(649)	–	–
Lease liabilities	(643)	–	–
Provisions	(946)	–	–
Other current liabilities	(1,812)	–	–
Total current liabilities	(11,724)	–	–
Net current assets	32,958	–	–
Non-current liabilities
Lease liabilities	(1,352)	–	–
Provisions	(1,493)	–	–
Other non-current liabilities	(43)	–	–
Total non-current liabilities	(2,888)	–	–
Total liabilities	(14,612)	–	–
Net assets	66,434	–	–
Equity
Called up share capital	5,688	–	–
Share premium	22,872	–	–
Share based payment reserve	8,129	–	–
Merger reserve	264,188	–	–
Accumulated losses	(232,164)	–	–
Currency translation reserve	(2,318)	–	–
Other reserves	39	–	–
Total equity	66,434	–	–
See note 26 for details of the restatement.
Unaudited Consolidated Statement of Changes in Equity
As at 30 June 2026
Total as at 30 June 2026	£000	–	£000
At 1 January 2026	264,188	–	39
Loss for the period	-	–	-
Other comprehensive gain/(loss)
Foreign currency translation differences	-	–	-
Total comprehensive loss for the period	-	–	-
Transactions with owners in their capacity as owners
Share-based payments	-	–	-
Exercise of share options	-	–	-
Total contributions by owners	-	–	-
At 30 June 2026	264,188	–	39
As at 30 June 2025 (Restated)
Total as at 30 June 2025 (Restated)	£000	–	£000
At 1 January 2025	-	–	39
Loss for the period	-	–	-
Other comprehensive gain/(loss)
Foreign currency translation differences	-	–	-
Total comprehensive loss for the period	-	–	-
Transactions with owners in their capacity as owners
Group reorganisation adjustment	268,594	–	-
Shares issued on redomiciliation	(61,679)	–	-
Reduction of share capital	57,273	–	-
Share-based payments	-	–	-
Total contributions by owners	264,188	–	-
At 30 June 2025	264,188	–	39
See note 26 for details of the restatement.
Unaudited Consolidated Statement of Changes in Equity
For the year ended 31 December 2025
Total for the year ended 31 December 2025	£000	–	£000
At 1 January 2025	-	–	39
Loss for the year	-	–	-
Other Comprehensive Income
Foreign currency translation differences	-	–	-
Total Comprehensive Loss for the Year	-	(24,190)	-
Transactions with Owners in their Capacity as Owners
Group reorganisation adjustment	268,594	–	-
Shares issued on redomiciliation	-	–	–
Reduction of share capital	-	–	–
Investment funding arrangement, net of transaction costs	-	–	-
Share-based payments	-	–	-

	30 Jun 26£000 source	31 Dec 25£000 source	31 Dec 24£000 source
Non-current assets
Goodwill and other intangible assets	23,948	23,948	23,959
Property, plant and equipment	10,360	10,360	2,346
Right-of-use assets	1,640	1,640	1,526
Contract assets	225	225	-
Other non-current assets	191	191	-
Total non-current assets	36,364	36,364	27,831
Current assets
Inventory	2,636	2,636	5,753
Other current assets	9,019	9,019	7,648
Contract assets	978	978	1,149
Trade receivables	3,260	3,260	827
Cash and cash equivalents	28,789	28,789	32,352
Total current assets	44,682	44,682	47,729
Total assets	81,046	81,046	75,560
Current liabilities
Trade and other payables	(7,539)	(7,539)	(4,525)
Derivative financial instruments	(135)	(135)	(271)
Contract liabilities	(649)	(649)	(1,392)
Lease liabilities	(643)	(643)	(550)
Provisions	(946)	(946)	(381)
Other liabilities	–	(1,812)	-
Other current liabilities	(1,812)	–	–
Total current liabilities	(11,724)	(11,724)	(7,119)
Net current assets	32,958	32,958	40,610
Non-current liabilities
Lease liabilities	(1,352)	(1,352)	(1,145)
Provisions	(1,493)	(1,493)	(1,627)
Other liabilities	–	(43)	-
Other non-current liabilities	(43)	–	–
Total non-current liabilities	(2,888)	(2,888)	(2,772)
Total liabilities	(14,612)	(14,612)	(9,891)
Net assets	66,434	66,434	65,669
Equity
Called up share capital	5,688	5,688	53,473
Share premium	22,872	22,872	215,121
Share based payment reserve	8,129	8,129	7,328
Merger reserve	264,188	264,188	-
Accumulated losses	(232,164)	(232,164)	(208,070)
Currency translation reserve	(2,318)	(2,318)	(2,222)
Other reserves	39	39	39
Total equity	66,434	66,434	65,669
See note 26 for details of the restatement.
Unaudited Consolidated Statement of Changes in Equity
As at 30 June 2026
Total as at 30 June 2026	£000	–	–
At 1 January 2026	264,188	–	–
Loss for the period	-	–	–
Other comprehensive gain/(loss)
Foreign currency translation differences	-	–	–
Total comprehensive loss for the period	-	–	–
Transactions with owners in their capacity as owners
Share-based payments	-	–	–
Exercise of share options	-	–	–
Total contributions by owners	-	–	–
At 30 June 2026	264,188	–	–
As at 30 June 2025 (Restated)
Total as at 30 June 2025 (Restated)	£000	–	–
At 1 January 2025	-	–	–
Loss for the period	-	–	–
Other comprehensive gain/(loss)
Foreign currency translation differences	-	–	–
Total comprehensive loss for the period	-	–	–
Transactions with owners in their capacity as owners
Group reorganisation adjustment	268,594	–	–
Shares issued on redomiciliation	(61,679)	–	–
Reduction of share capital	57,273	–	–
Share-based payments	-	–	–
Total contributions by owners	264,188	–	–
At 30 June 2025	264,188	–	–
See note 26 for details of the restatement.
Unaudited Consolidated Statement of Changes in Equity
For the year ended 31 December 2025
Total for the year ended 31 December 2025	£000	–	–
At 1 January 2025	-	–	–
Loss for the year	-	–	–
Other Comprehensive Income
Foreign currency translation differences	-	–	–
Total Comprehensive Loss for the Year	-	–	–
Transactions with Owners in their Capacity as Owners
Group reorganisation adjustment	268,594	–	–
Shares issued on redomiciliation	-	–	–
Reduction of share capital	-	–	–
Investment funding arrangement, net of transaction costs	-	–	–
Share-based payments	-	–	–
Total Contributions by Owners	264,188	–	–
At 31 December 2025	264,188	–	–

	30 Jun 26£000 source	31 Dec 25£000 source	30 Jun 25£000 source	31 Dec 24£000 source
Non-current assets
Goodwill and other intangible assets	23,948	23,948	–	23,959
Property, plant and equipment	10,360	10,360	–	2,346
Right-of-use assets	1,640	1,640	–	1,526
Contract assets	225	225	–	-
Other non-current assets	191	191	–	-
Total non-current assets	36,364	36,364	–	27,831
Current assets
Inventory	2,636	2,636	–	5,753
Other current assets	9,019	9,019	–	7,648
Contract assets	978	978	–	1,149
Trade receivables	3,260	3,260	–	827
Cash and cash equivalents	28,789	28,789	–	32,352
Total current assets	44,682	44,682	–	47,729
Total assets	81,046	81,046	–	75,560
Current liabilities
Trade and other payables	(7,539)	(7,539)	–	(4,525)
Derivative financial instruments	(135)	(135)	–	(271)
Contract liabilities	(649)	(649)	–	(1,392)
Lease liabilities	(643)	(643)	–	(550)
Provisions	(946)	(946)	–	(381)
Other liabilities	–	(1,812)	–	-
Other current liabilities	(1,812)	–	–	–
Total current liabilities	(11,724)	(11,724)	–	(7,119)
Net current assets	32,958	32,958	–	40,610
Non-current liabilities
Lease liabilities	(1,352)	(1,352)	–	(1,145)
Provisions	(1,493)	(1,493)	–	(1,627)
Other liabilities	–	(43)	–	-
Other non-current liabilities	(43)	–	–	–
Total non-current liabilities	(2,888)	(2,888)	–	(2,772)
Total liabilities	(14,612)	(14,612)	–	(9,891)
Net assets	66,434	66,434	–	65,669
Equity
Called up share capital	5,688	5,688	–	53,473
Share premium	22,872	22,872	–	215,121
Share based payment reserve	8,129	8,129	–	7,328
Merger reserve	264,188	264,188	–	-
Accumulated losses	(232,164)	(232,164)	–	(208,070)
Currency translation reserve	(2,318)	(2,318)	–	(2,222)
Other reserves	39	39	–	39
Total equity	66,434	66,434	–	65,669
See note 26 for details of the restatement.
Unaudited Consolidated Statement of Changes in Equity
As at 30 June 2026
Total as at 30 June 2026	£000	–	£000	–
At 1 January 2026	264,188	–	39	–
Loss for the period	-	–	-	–
Other comprehensive gain/(loss)
Foreign currency translation differences	-	–	-	–
Total comprehensive loss for the period	-	–	-	–
Transactions with owners in their capacity as owners
Share-based payments	-	–	-	–
Exercise of share options	-	–	-	–
Total contributions by owners	-	–	-	–
At 30 June 2026	264,188	–	39	–
As at 30 June 2025 (Restated)
Total as at 30 June 2025 (Restated)	£000	–	£000	–
At 1 January 2025	-	–	39	–
Loss for the period	-	–	-	–
Other comprehensive gain/(loss)
Foreign currency translation differences	-	–	-	–
Total comprehensive loss for the period	-	–	-	–
Transactions with owners in their capacity as owners
Group reorganisation adjustment	268,594	–	-	–
Shares issued on redomiciliation	(61,679)	–	-	–
Reduction of share capital	57,273	–	-	–
Share-based payments	-	–	-	–
Total contributions by owners	264,188	–	-	–
At 30 June 2025	264,188	–	39	–
See note 26 for details of the restatement.
Unaudited Consolidated Statement of Changes in Equity
For the year ended 31 December 2025
Total for the year ended 31 December 2025	£000	–	£000	–
At 1 January 2025	-	–	39	–
Loss for the year	-	–	-	–
Other Comprehensive Income
Foreign currency translation differences	-	–	-	–
Total Comprehensive Loss for the Year	-	–	-	–
Transactions with Owners in their Capacity as Owners
Group reorganisation adjustment	268,594	–	-	–
Shares issued on redomiciliation	-	–	–	–
Reduction of share capital	-	–	–	–
Investment funding arrangement, net of transaction costs	-	–	-	–
Share-based payments	-	–	-	–
Total Contributions by Owners	264,188	–	-	–
At 31 December 2025	264,188	–	39	–

	FY 25£000 source	FY 24£000 source
Cash Flows from Operating Activities
Cash used in operations	(17,682)	(26,147)
Interest received	475	1,222
Interest paid	(1)	(13)
Net Cash Outflow from Operating Activities	(17,208)	(24,938)
Cash Flows from Investing Activities
Acquisition of property, plant and equipment	(1,507)	(1,294)
Acquisition of property, plant and equipment for battery project under construction	(13,938)	-
Prepayments of property, plant and equipment for battery project under construction	(1,558)	–
Grant income received against capital projects	7,499	-
Deposit on right-of use assets	-	(7)
Net Cash Outflows from Investing Activities	(9,504)	(1,301)
Cash Flows from Financing Activities
Payment of lease liabilities	(870)	(768)
Sublease deposit received	43	-
Sublease payments received	94	44
Proceeds from the issue of share capital	25,000	57,383
Proceeds from the exercise of share options and warrants	-	4
Payment of transaction costs for the issue of share capital	(846)	(3,001)
Net Cash Inflow from Financing Activities	23,421	53,662
Net increase/(decrease) in cash and cash equivalents	(3,291)	27,423
Cash and cash equivalents at the beginning of the year	32,352	5,014
Effects of exchange rate changes on cash and cash equivalents	(272)	(85)
Cash and Cash Equivalents at the End of the Year	28,789	32,352

	H1 26£000 source	H2 25£000 calc.	H1 25£000 source
Cash flows from operating activities
Cash used in operations	(13,260)	(5,048)	(12,634)
Interest received	356	151	324
Interest paid	-	(1)	-
Net cash outflow from operating activities	(12,904)	(4,898)	(12,310)
Cash flows from investing activities
Net acquisition of property, plant and equipment and grant income received against capital projects	(4,121)	–	(581)
Capitalised development costs	(918)	–	-
Prepayment of property, plant and equipment for battery project under construction	-	–	-
Net cash outflow from investing activities	(5,039)	–	(581)
Cash flows from financing activities
Payment of lease liabilities	(444)	(426)	(444)
Sublease deposit received	-	43	-
Sublease payments received	39	94	-
Proceeds from the issue of share capital	88	25,000	-
Payment of transaction costs for the issue of share capital	-	(846)	-
Net cash inflow/(outflow) from financing activities	(317)	–	(444)
Net (decrease)/increase in cash and cash equivalents	(18,260)	10,044	(13,335)
Cash and cash equivalents at the start of the period/year	28,789	–	32,352
Effects of exchange rate changes on cash and cash equivalents	(19)	5	(277)
Cash and cash equivalents at the end of the period/year	10,510	–	18,740

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Adjusted EBITDA	–	(20.6)	(19.3)
Share-based payments	–	0.8	–
Operating profit to net income
Net income (owners)	(25.6)	(24.1)	(22.8)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Share-based payments	0.4	–	–	–
Operating profit to net income
Net income (owners)	(12.1)	n/m	(13.5)	(10.6)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(17.8)	(17.2)	(24.9)
Interest paid	–	(0.0)	(0.0)
Investing activities
Capex (PP&E)	–	(1.5)	(1.3)
Financing activities
Lease principal paid	(0.9)	(0.9)	(0.8)
Shares issued	–	25.0	57.4

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(12.9)	n/m	(4.9)	(12.3)
Investing activities
Capex (intangibles)	(0.9)	–	–	–
Financing activities
Lease principal paid	(0.4)	0%	(0.4)	(0.4)
Shares issued	0.1	–	–	–

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Property, plant & equipment	12.2	10.4	2.3
Non-current assets	39.2	36.4	27.8
Current assets
Inventories	8.7	2.6	5.8
Trade receivables	2.5	3.3	–
Cash	10.5	28.8	32.4
Current assets	29.7	44.7	47.7
Total assets	68.9	81.0	75.6
Current liabilities
Trade payables	7.4	7.5	4.5
Lease liabilities, current	0.6	0.6	0.6
Current liabilities	10.6	11.7	7.1
Non-current liabilities
Lease liabilities, non-current	1.5	1.4	1.1
Non-current liabilities	3.5	2.9	2.8
Total liabilities	14.0	14.6	9.9
Equity
Total equity	54.8	66.4	65.7
Net cash and other figures
Net cash / (debt) ex leases	–	28.8	32.4

	30 Jun 26	31 Dec 25	30 Jun 25	31 Dec 24
Non-current assets
Property, plant & equipment	12.2	10.4	3.1	2.3
Non-current assets	39.2	36.4	29.4	27.8
Current assets
Inventories	8.7	2.6	10.2	5.8
Trade receivables	2.5	3.3	0.5	–
Cash	10.5	28.8	18.7	32.4
Current assets	29.7	44.7	38.9	47.7
Total assets	68.9	81.0	68.3	75.6
Current liabilities
Trade payables	7.4	7.5	4.7	4.5
Lease liabilities, current	0.6	0.6	0.7	0.6
Current liabilities	10.6	11.7	9.8	7.1
Non-current liabilities
Lease liabilities, non-current	1.5	1.4	1.8	1.1
Non-current liabilities	3.5	2.9	3.4	2.8
Total liabilities	14.0	14.6	13.2	9.9
Equity
Total equity	54.8	66.4	55.1	65.7
Net cash and other figures
Net cash / (debt) ex leases	–	28.8	–	32.4

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

Company filings. Not investment advice.