Trading Update and notice of results

In brief · summary, not quotable

Yü Group PLC reported a trading update for the six months ended 30 June 2026, showing revenue growth of 19% to approximately £405 million, driven by a 43% increase in meter points to 153,000 and a contract book expansion to £1.7 billion. Gross cash increased by 9% to £129 million, and smart meter installations rose 27% to 12,000, with owned meters growing 37% to approximately 55,000, contributing to a 2.5x growth in forward annualised annuity income to £3.0 million. Despite warmer weather impacting consumption, the company is on target to meet FY26 EBITDA and EPS expectations, supported by an extended Shell Trading Agreement and a strong contract pipeline.

Full announcement

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Yü Group PLC (AIM; YU.), the independent supplier of gas and electricity, and meter asset owner and installer of smart meters, to the UK corporate sector, is pleased confirm trading is in line with expectations and provides an update on trading for the six months ended 30 June 2026.

Financial and Operational highlights

Acceleration in revenue; delivering 19% revenue growth (H125: 9%) resulting in revenues of approximately £405m (H125 £341m), in line with management expectations. The Group continues to gain market share despite a warmer than expected winter period reducing consumption.
Gross cash of £129m, up 9% (H125 £118m) after investment in people, systems and change as part of 3-year plan outline in the FY25 results to reach 7-9% UK market share.
Strong meter point growth in line with the strategy to gain market share. The Group delivered 43% increase in meter points (H126: 153,000; H125: 107,000) and confirms the seventh consecutive period of meter point growth.
Contract Book to £1.7bn, up 45% (H125 £1.2bn), and ahead of management expectations; with c£0.7bn revenue already booked for 2027.
Yü Smart continues to scale and produce operational efficiencies, with meter installs up 27% to 12,000 (H125 9,000) and strong momentum going into H226. Meters owned grew to c.55,000, a 37% growth YoY (H125 37,000), providing 2.5x growth in forward annualised, indexed annuity income (H126: £3.0m; H125: £1.8m).
Extension to the Shell Trading Agreement announced in May 2026, with the Hedging Facility now running to 2032 underpinning the Groups ambitious growth plans.
Fourth consecutive year in The Sunday Times '100 Best Places to Work' list combined with being named 85th on the TIME Growth Leaders 2026 list, as our people remain core to the ongoing strength and growth of the business

Outlook

The Group is on target to deliver EBITDA, EPS and operational meter metrics for FY26 in-line with current market expectations in spite of short-term impact of Iran war and reduced consumption as a result of warmer weather, as the Group maintains tight operational leverage through continued investment in Digital by Default.
Meter growth remains on plan with our aspirations to secure a 7-9% market share by 2028. We remain optimistic with a strong contract book running into 2027 underpinning our growth ambitions.

Bobby Kalar, Chief Executive Officer, said:

"Our plan is working and I'm pleased with our progress across the business. Whilst we still remain cautious of the unknown, the business is delivering predictable profitable outcomes and I'm confident this trend will continue. I'm very pleased with the initiatives the business is delivering and my team remains committed in delivering our medium-term plan."

Notice of results

The Group will issue interim results on Tuesday 22 September 2026.

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