The earnings call highlighted substantial progress in production and partnerships, along with sound financial management and strategic initiatives to capitalize on market opportunities. However, challenges in revenue recognition and ongoing losses, along with a decline in order intake, present significant hurdles. The transformation initiative is a strategic move to optimize operations and address these challenges.

Company Guidance

In the recent call, Ceres Power provided a comprehensive update on its strategic progress and financial performance for the first half of 2025. The company highlighted several key milestones, including the commencement of production with Doosan in South Korea, which marks a significant shift from R&D to commercialization. Ceres also reported a strong balance sheet with positive cash flow and managed to preserve over GBP 100 million in cash. Revenue for the period was just over GBP 20 million, driven by high gross margins thanks to its licensing model. Despite still being a loss-making company, Ceres achieved a 17% cost savings in OpEx and CapEx, surpassing their initial 15% target. Looking forward, the company plans a business transformation initiative aimed at reducing operating expenses by around 20% to better position itself for future growth. This initiative is part of their strategy to enhance their focus on the power market, which is projected to reach 22 gigawatts by 2030, and to capitalize on opportunities in both the power and hydrogen markets.

Start of Production with Doosan in South Korea

Achieved a major milestone with the beginning of production in collaboration with Doosan, which validates the business model and R&D innovation, transitioning from R&D to mass production.

Significant Investments and Partnerships

Delta Electronics committed GBP 170 million into manufacturing facilities in Taiwan. Partnerships with Shell and Thermax in India are progressing, including the opening of the HydroGenx Hub.

Positive Cash Flow and Strong Balance Sheet

The company maintains a strong balance sheet and reported positive cash flow for the period, preserving over GBP 100 million in cash.

Reduction in Operating Expenses

Achieved a 17% reduction in operating expenses, surpassing the target of 15%.

High Gross Margins

Reported industry-leading high gross margins, providing flexibility for future investments.

Business Transformation Initiative

Announced a business transformation initiative aiming for a 20% reduction in operating expenses to focus on commercialization opportunities.

Ceres Power Holdings (GB:CWR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:CWR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 20, 2026	2025 (Q4)	-0.09 / -	-0.081	―	―	―
Sep 26, 2025	2025 (Q2)	-0.06 / -0.10	-0.065	-55.38% (-0.04)	―	―
Mar 21, 2025	2024 (Q4)	-0.07 / -0.08	-0.142	42.96% (+0.06)	―	―
Sep 27, 2024	2024 (Q2)	-0.02 / -0.07	-0.137	52.55% (+0.07)	―	―
Apr 15, 2024	2023 (Q4)	-0.05 / -0.14	-0.114	-24.56% (-0.03)	―	―
Sep 28, 2023	2023 (Q2)	-0.04 / -0.14	-0.122	-12.30% (-0.02)	―	―
Mar 24, 2023	2022 (Q4)	-0.13 / -0.11	-0.079	-44.30% (-0.04)	―	―
Sep 22, 2022	2022 (Q2)	-0.10 / -0.12	-0.036	-238.89% (-0.09)	―	―
Mar 17, 2022	2021 (Q4)	-0.06 / -0.08	―	―	―	―
Sep 30, 2021	2021 (Q2)	- / -0.04	-0.037	2.70% (<+0.01)	―	―

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:CWR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 26, 2025	141.40p	129.00p	-8.77%
Mar 21, 2025	71.55p	65.85p	-7.97%
Sep 27, 2024	200.20p	253.40p	+26.57%
Apr 15, 2024	139.00p	137.40p	-1.15%

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 Ceres Power Holdings (GB:CWR) report earnings?

Ceres Power Holdings (GB:CWR) is schdueled to report earning on Mar 20, 2026, Before Open (Confirmed).

What is Ceres Power Holdings (GB:CWR) earnings time?

Ceres Power Holdings (GB:CWR) earnings time is at Mar 20, 2026, Before Open (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 Ceres Power Holdings stock?

The P/E ratio of Ceres Power Holdings is N/A.

What is GB:CWR EPS forecast?

GB:CWR EPS forecast for the fiscal quarter 2025 (Q4) is -0.09.

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