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AFC Energy PLC (GB:AFC)
LSE:AFC
Earnings Data
Report Date
Jul 23, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear strategic progress (product launches LC30/Hy-5, key partnerships with Volex, ICL, and an S&P 500 partner, reduced cash burn, successful fundraise and an improved cash runway) against continued near-term commercial and accounting challenges (widened reported loss, negligible current sales, one-off write-offs/provisions, certification and supply risks, and the need to build a firm order book by 2027). The tone was constructive and execution-focused, but the company still needs to convert pipeline interest into contracted orders and navigate certification/supply constraints to realize revenue growth.Company Guidance
Successful Fundraise and Strong Cash Position
Raised gross GBP 27.5m (net GBP 25.8m) during the year and finished with GBP 25.3m cash on the balance sheet, providing runway to deliver strategic initiatives for the next 18 months.
Material Reduction in Cash Burn
Quarterly cash burn reduced from ~GBP 7.0m to ~GBP 3.0m (a ~57% reduction). Full-year cash consumed before financing fell to GBP 15.4m from GBP 26.6m in prior year (reduction of GBP 11.2m).
Product Launches and Near-Term Commercialisation
Launched LC30 30kW generator in January and Hy-5 portable cracker (priced at GBP 10/kg Fuel-as-a-Service). LC30 CE marking expected in August with initial customer deliveries targeted from September; company currently committing to deliver 15 LC30 units by Oct 2026.
Accelerated Revenue Opportunity from Dunsfold Permit
Received approval to sell hydrogen from Dunsfold pilot site, enabling AFC-only hydrogen sales to begin in April and accelerating expected revenue generation versus prior plan for Port Clarence.
Strategic Partnerships and Validation
Entered/advanced several partnerships: manufacturing partnership with Volex for LC30, JV with ICL for Port Clarence (50/50 hydrogen revenue split for JV-produced hydrogen), JDA with an S&P 500 company moving toward larger cracker designs (10–15 t/day), and an engineering project with Komatsu (~USD 2m+) validating cracker integration with large mining trucks.
Operational Validation and Demonstrations
200kW liquid-cooled fuel cell demonstrated in harsh conditions (TAMGO/Extreme E/H) producing 17 megawatts of power across the event with 100% uptime; LC30 built ahead of schedule; pilot cracker at Dunsfold validated (theoretical 400 kg/day) and Hy-5 target is 500 kg/day.
R&D Investment and Tax Benefit
R&D spend increased to GBP 11.7m (from GBP 9.5m, an increase of ~23%) with GBP 5.2m capitalized. Company expects approximately GBP 3.3m in R&D tax credits in FY26 (an increase of ~GBP 1.4m vs previous year).
Large Potential Manufacturing Scale
Fuel-cell supply constraint set an upper limit of ~500 units/month (6,000 units/year). At an approximate unit price of GBP 100k, full capacity equates to c. GBP 600m revenue potential, showing substantial addressable scale if supply/demand align.
GB:AFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:AFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | 13.14p | 12.50p | -4.87% |
Jul 16, 2025 | 14.94p | 13.56p | -9.24% |
Mar 19, 2025 | 6.70p | 6.24p | -6.87% |
Jul 23, 2024 | 16.78p | 15.60p | -7.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does AFC Energy PLC (GB:AFC) report earnings?
AFC Energy PLC (GB:AFC) is schdueled to report earning on Jul 23, 2026, TBA (Confirmed).
What is AFC Energy PLC (GB:AFC) earnings time?
AFC Energy PLC (GB:AFC) earnings time is at Jul 23, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of AFC Energy PLC stock?
The P/E ratio of AFC Energy is N/A.
What is GB:AFC EPS forecast?
Currently, no data Available