Slide 1: 2025 Interim Results
2025 Interim Results Privileged and confidential. © 2025 Invinity Energy Systems.
Slide 2: H1 2025 Summary
H1 2025 Summary £2.0m H1 Revenue and Project Grant Income – +25% YoY (H1 2024: £1.6m) Driven by LoDES project funding, VFB deliveries and supporting services to customers +193% increase in new customer orders – 11.7 MWh – signed in Period (H1 2024: 4 MWh) Further 4 MWh order in Europe signed Sep
Slide 3: H1 2025 Profit and Loss Statement
H1 2025 Profit and Loss Statement Profit & Loss (£’000) HY 2025 HY 2024 Highlights Revenue 256 1,637 Total Revenue & Project Grant income of £2.0m Cost of Sales (2,186) (2,750) including £1.7m of LoDES grant funding. FY25 Gross Loss (1,930) (1,113) revenue recognition expected to be heavily H2 wei
Slide 4: H1 2025 Balance Sheet & Cashflows
H1 2025 Balance Sheet & Cashflows Highlights Balance Sheet (£’000) HY 2025 FY 2024 HY 2024 Total inventory 10,236 5,753 4,437 Inventory build-up required to deliver LoDES, HITT, STS Total pre-paid inventory 3,889 2,469 1,960 before year end 2025. Total Inventory and Prepaid Inventory 14,125 8,222
Slide 5: FY25 Outlook
FY25 Outlook FY25 Revenue and Project Grant Income • Order Book means signed contracts expected to generate revenue in the relevant year that have either been delivered, are in the fulfilment phase or are awaiting Notice to Proceed (“NTP”). Invinity has higher confidence in assessing the timing of d
Slide 6: Global LDES Procurement Programmes
Global LDES Procurement Programmes Programme Size Award COD BC Call for Power 600 MW UK 7.7 GW 2026 2029 – Ofgem 2030 Cap and Floor California 1.0 GW 2026 2028 – CEC / CPUC 2031 LDES New York 1.0 GW 2026+ 2028 – NYSERDA 2030 ISCRFP-1 Ontario 1.6 GW 2026+ 2028 – IESO 2030 LT2-C, LTTR British Columbia
Slide 7: 2025 Trading & Outlook
2025 TRADING & OUTLOOK INVINITY ENERGY SYSTEMS
Slide 8: The world is facing an energy crisis
The world is facing an energy crisis 63% The “Age of Electricity” requires Long Global electricity demand is growing at a Duration Energy Storage capacity to rapid and accelerating rate. bolster existing network infrastructure and reduce wasted electricity. Global electricity networks are unable to
Slide 9: Batteries are one of the key solutions
Batteries are one of the key solutions Invinity is a global leader in Vanadium Flow Battery (VFB) technology. The Next Frontier of Energy Storage Why Choose VFB? Short duration Li-ion has dominated to date Better Economics LDES now considered a leading solution to enabling 24/7 renewables 30+
Slide 10: The right product, at the right time, for the right market
The right product, at the right time, for the right market Current Invinity product range Endurium Endurium Enterprise 2024 2025 Cost engineered evolution Based on Endurium of VS3 product product platform Invinity VS3 “Six-pack” Optimised for large grid- Optimised for Commercial 2020 s
Slide 11: Business Strategy
Business Strategy Short-Term Medium-Term Long-Term - Secure a leading position within - Position VFB as the foremost - Implement revolutionary design Vanadium Flow Battery sub-sector LDES technology globally innovations to achieve long term and increase market share vs. cost target other LDES techno
Slide 12: Cost-down Programme
Cost-down Programme Reducing upfront product costs is core to ENDURIUM Cost Roadmap: Aug 2024 vs Sep 2025 Invinity’s product development pathway Endurium is now 43% lower production cost than VS3 36% cost reduction achieved since Endurium launch – ahead of management expectations Longer term,
Slide 13: Best Cost Region Manufacturing Strategy
Best Cost Region Manufacturing Strategy China India Largest market for flow batteries globally, expected to expand 21% 2024-2029 Aggressive renewable deployment targets (500 GW by 2030) creates urgent need to modernise grid network and enhance energy security Significant government support for
Slide 14: UK LDES Cap & Floor Scheme Progress
UK LDES Cap & Floor Scheme Progress Projects representing 16.7 GWh of Endurium now confirmed eligible for Cap & Floor Technology type Count of Sum of No of No of of asset projects Discharge Track 1 Track 2 21 Projects capacity projects projects 20 deliverable 2028-30 (Track 1) (GW) Vanadium Flow
Slide 15: The Need for LDES
The Need for LDES UK Electricity Prices Share of gas in wholesale pricing UK Energy Bills 42% higher today than in 2022. The country decommissioned coal before being able to balance its grid. Increasing renewable penetration is driving the need for Long Duration Storage (LDES). Global BESS deplo
Slide 16: Delivery against 12 month plan
Delivery against 12 month plan Goal 1 – Recognise FY24 revenue in line with analyst forecasts Goal 2 – Launch Endurium before 2024 year-end Goal 3 – Close deals from commercial pipeline to support volume ramp- up Goal 4 – Further advance cost-reduction programme for Endurium and incrementally improv
Slide 17: Invinity's business is at a key inflection point
Invinity’s business is at a key inflection point Stable, Proven Technology Leading Market Position An Exciting, High-Growth Key Strategic Relationships Market Segment National Wealth Fund (UK) Nearly 2,000 battery Large-scale, high-profile modules manufactured and projects use Invinity The L
Slide 18: We Deliver Energy Storage Beyond Lithium
We Deliver Energy Storage Beyond Lithium