What cash burn8 Aug 2025 09:04
ITM Power is delighted to announce two positive changes to its FY25 guidance:
Revenue is now expected to be between £25.5m and £26.5m, a 30% increase compared to the midpoint of the previously announced range of £18m to £22m. This increase is due to additional contractual obligations (not hand shakes) having been fulfilled and associated revenue now recognised.
In addition, ITM has been net cash generative in the second half of FY25, and we now expect cash at the end of the financial year to be between £204m and £205m, an increase compared to our half-year cash balance, which stood at £203m.