- Yu Group
- 22 July 2025 13:17:18
Source: Sharecast
Revenue for the six months ended 30 June rose 9% to £341m, up from £313m a year earlier.
The AIM-traded firm said the growth reflected the group’s ongoing strategy to expand market share in the UK SME and corporate energy supply market, despite a 12% drop in average monthly bookings to £41.4m amid softening wholesale energy prices.
It said its customer base continued to scale, with meter points rising 48% year-on-year to 107,000.
Yu Smart, its smart metering division, expanded significantly, with meters owned during the period jumping 179% to 36,500.
That resulted in a 200% increase in forward annualised indexed annuity income to £1.8m.
Net cash rose to £109.9m at 30 June, up from £86.8m a year earlier, even after dividend payments of £6.9m and £2m in capital expenditure.
Yu cited strong operational cash flow and ongoing control of bad debt as key contributors.
“I'm pleased with our continued delivery for the first six months providing confidence management is in-line with expectations for the year,” said chief executive Bobby Kalar.
“Our forward contract book remains strong and continues to grow despite the recent drop in wholesale energy prices.
“While I'm personally disappointed investor appetite remains restrictive, prolonged cash outflows from the UK continue to severely hinder our valuation.”
The company said it expected to deliver full-year EBITDA and earnings per share in line with current market forecasts.
Management continued to focus on scaling Yu Smart and exploring inorganic growth opportunities, supported by a strong balance sheet and a progressive dividend policy.
The group’s partnership with Shell Energy remained a strategic driver, enabling expanded product offerings and broader market reach.
Yu also noted that it was also recognised for a third consecutive year in the Sunday Times 100 Best Places to Work list.
At 1225 BST, shares in Yu Group were down 0.64% at 1,555p.
Reporting by Josh White for Sharecast.com.