FY26 revenue guidance raised
FY26 revenue guidance raised to £40m-£43m, up 11% midpoint on strong project progress.
vs expectations: ahead
- FY26 revenue guidance £40m-£43m (prior £35m-£40m)
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ITM Power is delighted to announce that revenue for FY26 is now expected to be between £40m and £43m, an 11% midpoint increase compared to the previous guidance range of £35m to £40m.
This increase is due to strong project progress. Following our adoption of the percentage-of-completion (PoC) method, which enables revenue to be recognised progressively over the life of the contract, the increased guidance also reflects contributions from recently announced contracts.
Adjusted EBITDA and cash guidance remain unchanged.
Dennis Schulz, CEO, said, "ITM continues to deliver strong revenue performance while increasing our firm contract backlog, and we remain well-positioned with a healthy level of sales activity."
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