Business
FY26 revenue guidance raised
ITM Power PLC has raised its full-year 2026 revenue guidance by over 10%, now expecting between £40 million and £43 million, an 11% midpoint increase from the previous £35 million to £40 million range. This upward revision is attributed to strong project progress and the adoption of the percentage-of-completion method, which allows for progressive revenue recognition, as well as contributions from recently secured contracts. Adjusted EBITDA and cash guidance remain unchanged. Disclaimer*
About this update from Itm Power Plc
17 February 2026 ITM Power plc FY26 revenue guidance raised by over 10% ITM Power is delighted to announce that revenue for FY26 is now expected to be between £40m and £43m, an 11% midpoint increase compared to the previous guidance range of £35m to £40m. This increase is due to strong project progress. 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. Adjusted EBITDA and cash guidance remain unchanged. Dennis Schulz, CEO, 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." For further information, please visit www.itm-power.com or contact: ITM Power plc Justin Scarborough, Head of Investor Relations +44 (0)114 551 1080 Berenberg Ciaran Walsh, Harry Nicholas +44 (0)20 3207 7800 J.P. Morgan Cazenove Richard Perelman, Charles Oakes +44 (0)20 7742 4000 About ITM Power plc: ITM Power was founded in 2000 and ITM Power plc was admitted to the AIM of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.