eEnergy Group PLC, a specialist provider in the Energy-as-a-Service market, revealed its financial results for the year ended December 31, 2025, highlighting a significant improvement in profitability alongside a modest contraction in revenues. The company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose impressively by 183%, reaching £1.7 million, demonstrating enhanced operational efficiencies and cost management amid challenging market conditions.
During this period, eEnergy experienced a slight revenue decrease, with total sales amounting to £23.0 million, down from £25.1 million the previous year. Despite this drop, the company emphasized robustness in its pipeline, with the forward order book expanding substantially to £14.0 million, double the £7.0 million recorded at the start of the year. Notably, around £4.0 million in expected FY25 revenues have been deferred into the first half of 2026, impacting the topline figures.
The firm’s gross margin also showed incremental progress, rising to 35.3% from 34.7% in the prior fiscal year. This improvement is attributed to more accurate customer quotation strategies, enhanced terms negotiated with suppliers, and strengthened operational controls that collectively supported a more favorable margin profile.
Financial leverage saw positive movement as well, with net debt including IFRS16 liabilities reduced to £1.6 million compared to £2.4 million in the 2024 financial year. This deleveraging followed the acquisition of a £1.5 million unsecured loan from Harwood Holdco Limited in November 2025, improving the company's balance sheet position.
FY25 was marked by the securing of significant contracts, including a government-backed solar photovoltaic (PV) and battery installation project in the UK managed by Mace, which contributed £5.1 million in revenue. Additionally, eEnergy secured multiple NHS trust contracts valued collectively at £1.7 million, supported by funding from the NHS National Energy Efficiency Fund, broadening its presence in the healthcare energy solutions sector.
Expanding its funding capabilities, the company entered a strategic facility agreement in May 2025 with Redaptive, establishing access to up to £100 million in off-balance sheet funding for customers. Since this collaboration commenced, eEnergy has drawn down £13.0 million to finance more than 175 solar PV and LED projects across 179 sites encompassing 51 customers, enabling accelerated project deployment and customer expansion.
Looking ahead, the board anticipates revenues to rise by 13.3% to £34.0 million in fiscal 2026, alongside a targeted adjusted EBITDA of £4.5 million. The management expects considerable cash inflows in FY26 as the net working capital built up in the latter half of 2025 is converted into positive cash flow, indicating improving liquidity and operational cash generation.
Commenting on the results, CEO Harvey Sinclair stated that the company's strategic repositioning—from a direct sales and education model to a multi-channel framework encompassing partner collaboration—has yielded substantial traction. This approach targets key sectors including education, where eEnergy claims market leadership, healthcare, and commercial and industrial domains.
To reinforce its governance, eEnergy appointed Nicholas Mills as a Non-Executive Director effective January 19, 2026, an addition aimed at strengthening board oversight and strategic guidance moving forward.