Business
Final Results for the year ended 31 December 2025
Earnz PLC reported a significant revenue increase to £11.8 million for the year ended December 31, 2025, up from £2.6 million in the prior year, largely due to the full-year impact of acquisitions and new business integration. The company achieved a positive adjusted EBITDA of £0.1 million, a substantial improvement from a £1.0 million loss in 2024, despite increased central support costs. The reported loss before tax narrowed to £1.7 million from £3.6 million in the previous year. Net debt stood at £1.2 million, with net debt excluding IFRS16 lease liabilities at £0.7 million. The company also highlighted operational progress, including a further acquisition post-year-end and significant contract wins, expressing confidence in its FY26 outlook. Disclaimer*
About this update from Earnz Plc
[{"type":"text","content":"\n\n26 May 2026\nEARNZ plc (\"EARNZ\", the \"Company\", or the \"Group\")\nFinal Results for the year ended 31 December 2025 and Notice of AGM\nPivotal stage in the Group's evolution reached, with positive adjusted EBITDA in FY25\n \nEARNZ plc (\"EARNZ\" or the \"Company\") (AIM: EARN), an energy services company whose objective is to capitalise on the drive for global decarbonisation, is pleased to announce its audited results for the year ended 31 December 2025 (the \"Full Year\").\n \nFinancial Highlights\n \n· Revenue increased to £11.8m (FY25: £2.6m)\no Full year impact from the acquisitions of Cosgrove & Drew Ltd (\"C&D\") and South West Heating Services (\"SWH\") in September 2024\n· EBITDA[1] of £0.1m (FY25: (£1.0m loss))\no Achieved despite significant increase in central support costs to support business growth.\n· Loss before tax of £1.7m (FY24: £3.6m)\n· Net debt of £1.2m (net cash FY24: £0.3m), excluding IFRS16 lease liabilities net debt was £0.7m (net cash FY24: £0.6m)\n \nOperational Highlights\n· The Group is benefitting from significant opportunities for growth, following the first phase of the buy and build strategy.\n· In July 2025 the Group acquired A&D Carbon Solutions Limited (\"A&D\"), which has been integrated into the Group and has provided the platform for two new startup businesses, Warm Low Living (\"WLL\") and National Retrofit Solutions Limited (\"NRS\").\n· Significant contract wins with Equans announced in FY25, and post year end further contract wins with Fortem, working on behalf of Sanctuary Housing announced in February and May 2026.\n· During the year the Board was strengthened with the appointment of Peter Smith as CEO.\n· Post year end, the business acquired Zero Carbon Group Limited (\"ZCG\"), which enhances the Group's scale and activities in the North of England.\n \nThe Group has had a successful first full year at the start of its journey to build a significant group in the energy services sector focussing on delivering for the key objectives of energy efficiency, reducing fuel poverty and building energy security across the UK through decarbonisation. The strengthened centr...