Financial Performance2H24 revenues increased by 113% year-over-year to GBP30.2m, with gross profit up 160% to GBP17.3m, resulting in a margin of 74%.
Market PositionCeres is well positioned to benefit in a yet to be seen acceleration of green hydrogen adoption.
ValuationValuation has corrected notably with Ceres’s shares down 45% over the last three months, underperforming both the European market and the broader clean technology space, providing an attractive entry point.