5 Year Financial Summary

 View our revenue, cash balance and more for the past five years, with specific highlights from the most recent financial year.

FY 2020 Highlights

  • Revenue increased by 5.1% to £130.6m, driven by growth in Business supply and FIT customers, more than offsetting a decline in Domestic supply customers.
  • Gross profit of £29.6m decreased 6.6% with a gross profit margin of 22.6% (FY 2019: 25.5%) in line with the strategic shift toward longer term, lower gross margin Business supply and selling back excess contracted power and higher network reconciliation costs
  • Strong operating cashflow of £8.1m leading to a gross cash balance of £18.3m (2019: 13.7m), funding investment across the business, and providing increased capital flexibility
  • On a fully comparable basis, normalised profit before tax of is £2.4m (FY 2019: £2.1m).Underlying profit before tax of £0.4m and reported loss before tax £0.1m, included non-underlying costs of £0.5m associated with restructuring costs, increased non-cash costs of £1.7m, driven by additional depreciation on the revalued generation portfolio and the write down in value of the small Creathorne solar site, and an additional £0.8m expected credit loss provision reflecting the Group's best estimate of the impact of the COVID-19 pandemic on the Group's customer and client base.
Find out more in the investor presentation.
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