Business
Results for the half year ended 30 June 2025
EnergyPathways PLC announced its unaudited results for the six months ended June 30, 2025, reporting a loss for the period of £607,201, compared to a loss of £550,159 for the same period in 2024. The company's cash at year-end was £695,335, down from £857,650 at the end of 2024. During the period, EnergyPathways raised £743,692 through a subscription by existing shareholders and Directors. Subsequent to the period end, the company raised £400,000 through a placing and subscription with warrants. Intangible assets increased to £2,168,906. Borrowings totaled £105,514 as of June 30, 2025. The company issued shares for services, placing and subscription agreements, and the exercise of warrants and options, increasing ordinary share capital to £1,860,286 and share premium to £5,525,849. Disclaimer*
About this update from Energypathways Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.\n26 September 2025\n \n\n \nEnergyPathways plc\n(\"EnergyPathways\" or the \"Company\")\n \nResults for the half year ended 30 June 2025\n \nEnergyPathways (AIM: EPP), an integrated energy transition company, is pleased to announce its unaudited results for the six months ended 30 June 2025.\n \nPeriod Highlights:\n· Marram Energy Storage Hub (\"MESH\") development design selected following pre-FEED activities in conjunction with strategic partners\n· Progress on MESH hybrid compressed-air energy storage project\n· Zenith Energy Ltd. (\"Zenith\") engaged as the well engineering department for EnergyPathways\n· Preparation for application to the Marine Management Organisation (\"MMO\") for compressed air storage licence\n· Subscription by existing shareholders and Directors raising £743,692\n· Loss for the period £607,201 (30 June 2024: loss £550,159; 31 December 2024: loss £1,203,671). Cash at year end of £695,335 (31 December 2024: £857,650)\n \nPost period-end:\n· MOU for strategic engagement with Hazer Group Ltd (\"Hazer\") for use of proprietary hydrogen production technology licensed with KBR Inc (\"KBR\").\n· Siemens Energy Limited (\"Siemens\") engaged to carry out feasibility assessment of MESH\n· Costain Group PLC (\"Costain\") engaged to assess onshore facility options for the MESH integrated energy system\n· Application submitted for direction under Section 35 Planning Act 2008\n· Requirement to submit new gas storage licence application\n· Placing and subscription with warrants to raise £400,000\n \nBen Clube, EnergyPathways' CEO, commented:\n \n\"We have made strong operational progress on MESH in the year to date, having signed strategic agreements with a number of world class contractors to support EnergyPathways through the FEE...