tiprankstipranks
Ceres Power Holdings (GB:CWR)
LSE:CWR
UK Market
CWR
Ceres Power Holdings
RESEARCH TOOLSreports

Ceres Power Holdings (CWR) Earnings Dates, Call Summary & Reports

433 Followers

Earnings Data

Report Date
Sep 24, 2026
Before Open (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
-0.1
Last Year’s EPS
-0.1
Same Quarter Last Year
Analyst Consensus
Strong Buy
Based on 4 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Mar 26, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call emphasized multiple concrete commercial progress points (first royalties, new MLAs, strong cash, large addressable market, technology launch and a global partner ecosystem) and clear cost‑reduction actions (targeting ~20% cost savings for 2026). At the same time, management was candid about timing risks: near‑term royalties are modest, the business remains dependent on signing MLAs on a steady cadence to reach breakeven, and hydrogen demand and product development face headwinds and multi‑year timelines. On balance the positives (cash strength, partnerships, product launch, cost optimization and a sizable market opportunity) outweigh the near‑term revenue and timing challenges.
Company Guidance
Management’s guidance focused on commercialization and cash discipline: after a business transformation they expect c.20% cost savings in 2026 versus the 2025 cost base, finished FY25 with cash >£83m (cash burn ~<£20m in the year) and report ~£45m of contracted revenue for 2026; they reiterate a target cadence of roughly one new MLA every 12 months (management says hitting that cadence would bring the business close to breakeven/cash‑flow neutral) and a typical license‑to‑royalty horizon of under three years (Doosan delivered the first royalties at end‑2025 but near‑term royalties will be modest); market metrics cited include an addressable SOFC power opportunity of ~22 GW by 2030 (≈50% data centers; ~25% U.S.; just under 20% Europe; ~50% Asia), current SOFC system pricing of about $3,500/kW with further declines expected as partners scale, and key near‑term milestones of a single‑stack platform launch and Capital Markets Day on 15 April.
Strong cash position and controlled cash burn
Cash balance over GBP 83 million at year end; cash burn for the year was just under GBP 20 million; company reports around GBP 45 million of contracted revenue for 2026.
First royalties and manufacturing momentum
Doosan factory reached first production and fulfilled initial capacity orders, generating the company's first royalty revenues late in 2025; Delta producing prototype products and scaling; new manufacturing license agreement signed with Weichai (China) in 2025 and progressing rapidly.
Expanded global partner ecosystem
Broad partner network across regions including Doosan (Korea), Delta (Taiwan), Weichai (China), DENSO (Japan), Shell and Thermax (hydrogen), and a strategic commercial/advisory partnership with Centrica (U.K.) focused on data centers, commercial and industrial customers (multi‑gigawatt opportunity).
Technology leadership and product launch
Single‑stack SOFC platform commercially launched (Capital Markets Day April 15); single cell/stack platform supports both power generation (SOFC) and green hydrogen (SOEC) use cases, providing dual‑use advantage to licensees.
Cost optimization and margin resilience
Completed business restructuring and realignment to an optimized cost base; management expects ~20% cost savings in 2026 versus the 2025 cost base while retaining an asset‑light model and industry‑leading gross margins.
Hydrogen program technical progress and funding
Megawatt‑scale electrolysis with Shell exceeded performance expectations; DENSO produced first hydrogen with JERA and unlocked government funding (~JPY 35 billion, approx. GBP 165 million) to advance SOEC technology; development underway for pressurized systems with Shell and Thermax to improve hydrogen economics.
Large addressable power market
Management estimates a ~22 GW opportunity for SOFC power generation by 2030, split roughly 50% data centers and 50% industrial/commercial; geographic split cited ~25% U.S., ~20% Europe, ~50% Asia; current comparable SOFC unit price referenced around $3,500/kW (market context).

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
Press Release
Slides
Play Transcript
Sep 24, 2026
2026 (Q2)
-0.10 / -
-0.101―――
Mar 26, 2026
2025 (Q4)
-0.09 / -0.15
-0.081-91.36% (-0.07)――
Sep 26, 2025
2025 (Q2)
-0.06 / -0.10
-0.065-55.38% (-0.04)――
Mar 21, 2025
2024 (Q4)
-0.07 / -0.08
-0.14242.96% (+0.06)――
Sep 27, 2024
2024 (Q2)
-0.02 / -0.07
-0.13752.55% (+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)
-0.05 / -0.08
――――
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
Mar 26, 2026
308.80 p329.40 p+6.67%
Sep 26, 2025
141.40 p129.00 p-8.77%
Mar 21, 2025
71.55 p65.85 p-7.97%
Sep 27, 2024
200.20 p253.40 p+26.57%
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 Sep 24, 2026, Before Open (Confirmed).
    What is Ceres Power Holdings (GB:CWR) earnings time?
    Ceres Power Holdings (GB:CWR) earnings time is at Sep 24, 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 2026 (Q2) is -0.1.