Business
2025 Audited Results & Upcoming Board Changes
Powerhouse Energy Group plc reported a revenue of £1.23 million for the year ended 31 December 2025, an increase from £499k in 2024, primarily from Engsolve activities, while the group incurred an operating loss of £3.21 million, an improvement from £4.71 million in the prior year. The company also announced that CEO Paul Emmitt will step down at the conclusion of the AGM on September 3rd, 2026, with David Hitchcock assuming an interim Executive Chair role. Post-period, the company completed fundraises totaling £1.3 million and secured a contract with a Welsh battery developer, generating its first waste-to-energy revenues in January 2026. Disclaimer*
About this update from Powerhouse Energy Group Plc
[{"type":"text","content":"\n\n \n\n\n\n\n\n\n\n\n\n\n\n \n \n\n\n29 June 2026\nPowerhouse Energy Group plc\n(\"Powerhouse\" or the \"Company\")\n \n2025 Audited Results & Upcoming Board Changes\n \nPowerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, is pleased to announce its audited results for the year ended 31 December 2025.\n \nPowerhouse also announces that Paul Emmitt, Chief Executive Officer, has confirmed that due to a change in family circumstances he will not be standing for re-election at the Company's Annual General Meeting expected to be held on Thursday 3rd September 2026 at 14.00pm. Accordingly, Mr Emmitt will step down from the Board and as CEO at the conclusion of the AGM, at which point his employment will terminate in accordance with his service agreement. It is intended Paul will continue to work with Engsolve on a technical consultancy basis, with the details to be confirmed. David Hitchcock will assume an Executive Chair role at conclusion of the AGM until a replacement CEO is identified.\n \nSummary of 2025 Financial Results and post period events:\n \nCorporate:\n· Strategy focused on the goals of delivering first projects and creating a qualified pipeline of opportunities - excellent progress has been made during the period\n· During the period the Company prioritised and, more importantly, validated projects to be progressed, both where Powerhouse would act as developer and those where it would licence its DMG technology\nCommercial development:\n· Completion of Powerhouse Technology Centre in Bridgend, with the 2.5 tonne per day kiln for the Feedstock Testing Unit (FTU)\n· Following completion of the FTU, significant interest has been seen from a number of global stakeholders and companies, leading to a significant pipeline of opportunities on which the Company continues to follow up\n· Considerable progress made with National Hydrogen, Australia (\"NH2\"), with FEED being completed in June 2025. NH2 has now established the project SPV \"National Waste to Energy\", in which Powerhouse will hold a minimum of 5% equity stake\n· ...
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