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 2021 Highlights

  • Revenue increased 11.8% to £146.0m (FY 20: £130.6m) driven by increased supply volume (10% growth) and significant price rises throughout the year in response to rising wholesale costs. 
  • Gross profit decreased by 8.6% to £27.0m (FY 2020: £29.6m) with a gross profit margin of 18.5% (FY 2020: 22.6%). This was driven by an unprecedented energy crisis and quadrupling of the wholesale market price. Cash generated from operations reduced 66% to £3.9m 
  • Underlying profit before tax of £2.6m (FY 2020: profit £0.5m). Reported profit before tax of £1.8m included non-underlying income of £0.8m associated with generation debt restructuring. 
  • Reported loss for the period of £4.1m includes a £5.7m reduction in relation to discontinued activities and the sale of the generation assets. Driven by accounting treatment as a result of the disposal of generation portfolio assets in January 2022.  
  • There was a net decrease in cash of £9.7m, which includes the repayment of 70% of Good Energy Bonds II totalling £11.9m. The resulting cash balance of £8.9m (£6.7m continuing operations, £2.2m discontinued operations) (2020: £18.3m) enables continued strategic investments including participation in the Zap-Map funding round.
  • Substantially debt free with a strong cash position of £19.6m as at the end of February 2022. 
  • Going forwards, the Company will shift its capital allocation towards growth and investment, whilst maintaining a strong balance sheet as a buffer to volatile wholesale energy markets. 
Find out more in the investor presentation.
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