Contact us Find us Register
Back to previous section

ITM Power lifts FY revenue guidance, cites strong project progress.

ITM Power lifted its full-year revenue guidance on Tuesday by more than 10%, citing strong project progress.

  • ITM Power
  • 17 February 2026 10:32:55
ITM Power Hydrogen Station, Cobham

Source: Sharecast

In a brief statement, the company said it now expects FY26 revenue of between £40m and £43m, up 11% at the midpoint versus previous guidance of £35m to £40m.

"This increase is due to strong project progress," it said. "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."

Guidance for adjusted earnings before interest, tax, depreciation and amortisation and cash was unchanged.

Chief executive Dennis Schulz 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."

At 1020 GMT, the shares were up 1.2% at 65.04p.

FTSE AIM All-Share ( AXX )

ISIN: N/A
Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: 12.23 ( 1.53 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.