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Gelion PLC (GB:GELN)
LSE:GELN

Gelion PLC (GELN) AI Stock Analysis

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GB:GELN

Gelion PLC

(LSE:GELN)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
18.00p
▼(-2.70% Downside)
The score is held down primarily by weak financial performance (persistent losses and cash burn) and bearish technicals (below key moving averages with negative momentum). The earnings call provides a partial offset via improved cost discipline, first revenue, a growing pipeline, and strengthened funding, but valuation remains constrained by losses and no dividend.

Gelion PLC (GELN) vs. iShares MSCI United Kingdom ETF (EWC)

Gelion PLC Business Overview & Revenue Model

Company DescriptionGelion plc engages in the research and development, design, manufacture, and sale of battery systems in the United Kingdom and internationally. The company offers zinc-bromide batteries under the Endure name. Its products are used in various applications, which include industrial light towers, solar and wind farms, desalination plants, mining pumps, passenger and heavy vehicles, electric buses and trains, and irrigation systems and other agricultural applications, as well as used by commercial and industrial enterprises and grid operators. The company was incorporated in 2015 and is headquartered in Eveleigh, Australia.
How the Company Makes Money

Gelion PLC Earnings Call Summary

Earnings Call Date:Nov 27, 2025
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Mar 12, 2026
Earnings Call Sentiment Positive
Gelion plc demonstrated strong progress in commercial collaborations, financial performance, and technological innovation. The company's successful capital raise and partnerships with major industry players highlight its potential. However, challenges include a long sales cycle and unexplained share price decline.
Q4-2025 Updates
Positive Updates
Successful Commercial Collaborations
Gelion established significant commercial collaborations with TDK Corporation and QinetiQ, enhancing the company's credibility and market potential.
First Revenue and Growing Pipeline
Gelion recognized its first revenue of GBP 910,000 in FY '25, with a growing pipeline of approximately GBP 17.5 million.
Significant Financial Improvements
The company achieved a 33% increase in total income between FY '23 and FY '25, while reducing OpEx by 22.9% and decreasing cash burn significantly.
Successful Capital Raise
An oversubscribed capital raise of GBP 10.5 million was completed, reflecting strong investor confidence.
Innovative Sulfur Battery Technology
Gelion's sulfur battery technology shows potential to disrupt the battery market with lower cost and high performance, validated by collaboration with TDK.
Negative Updates
Long Sales Cycle
Gelion's integration solutions business faces a long sales cycle of 9 to 20 months, posing challenges for quick revenue generation.
Share Price Decline
Despite strong progress, the company's share price has been dropping, which remains unexplained by management.
Company Guidance
In the investor presentation for Gelion plc, CEO John Wood highlighted several key metrics indicating the company's progress and future goals. The company reported its first revenue of GBP 910,000 in fiscal year 2025, with a growing pipeline valued at approximately GBP 17.5 million. The company's cash position was GBP 4.1 million as of June 30, and it recently completed an oversubscribed capital raise of GBP 10.5 million. Gelion's financial discipline was evident in their 22.9% decrease in operating expenses over three years, and they achieved an adjusted EBITDA reduction to GBP 4.1 million. The company aims to lead in sulfur battery technology, targeting a $132 billion cathode market by 2032, with plans to commercialize its sulfur cathode active material and develop lithium and sodium sulfur battery solutions. Gelion's collaboration with industry leaders like TDK Corporation and its strategic partnerships in the U.K. and Australia further underscore its commercial potential. The presentation emphasized Gelion's ambition to achieve Tier 1 battery innovator status, with anticipated growth in shareholder value through continued technological advancements and strategic partnerships.

Gelion PLC Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue912.00K0.000.001.75M351.49K
Gross Profit241.00K-700.00K-463.00K-308.00K351.49K
EBITDA-5.38M-8.86M-8.99M-10.49M-1.53M
Net Income-5.98M-7.95M-7.41M-13.81M-1.80M
Balance Sheet
Total Assets11.36M13.59M13.69M20.61M4.03M
Cash, Cash Equivalents and Short-Term Investments2.66M3.79M7.27M17.04M1.91M
Total Debt27.00K8.00K26.00K56.00K122.02K
Total Liabilities1.39M1.63M1.08M12.08M442.18K
Stockholders Equity9.97M11.97M12.60M19.72M3.59M
Cash Flow
Free Cash Flow-4.94M-5.96M-10.47M-5.31M-1.66M
Operating Cash Flow-4.46M-4.53M-6.03M-4.53M-1.27M
Investing Cash Flow-435.00K-2.63M-2.09M-1.80M-379.33K
Financing Cash Flow3.95M3.71M-28.00K20.55M-125.88K

Gelion PLC Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
£137.64M24.6915.77%-5.73%
51
Neutral
£130.06M-5.01-86.37%732.03%12.60%
51
Neutral
£486.74M-13.70-23.26%12.58%12.39%
51
Neutral
£66.91M-10.48-31.45%265.67%-16.50%
46
Neutral
£50.47M-5.39
38
Underperform
£18.59M-4.36-36.75%20.98%17.29%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:GELN
Gelion PLC
22.00
6.00
37.50%
GB:AFC
AFC Energy
11.48
2.48
27.56%
GB:EAAS
eEnergy Group
4.80
0.70
17.07%
GB:CWR
Ceres Power Holdings
250.00
84.90
51.42%
GB:DIA
Dialight
344.00
246.75
253.73%
GB:IKA
Ilika plc
37.00
17.00
85.00%

Gelion PLC Corporate Events

Regulatory Filings and Compliance
Gelion Updates Total Voting Rights After December Option Exercises
Neutral
Dec 31, 2025

Gelion PLC has confirmed that, following the exercise of employee share options in December 2025, its issued share capital now comprises 229,421,456 ordinary shares of 0.1 pence each, all carrying equal voting rights and with no shares held in treasury. The updated share count establishes the new total voting rights in the company, providing the reference figure shareholders must use to assess whether they are required to disclose holdings or changes in their interests under the UK Disclosure Guidance and Transparency Rules.

Other
Gelion CFO Increases Stake with Purchase of 50,000 Shares
Positive
Dec 24, 2025

Gelion plc disclosed that its chief financial officer, Amit Gupta, purchased 50,000 ordinary shares in the company on 23 December 2025 at 19 pence per share on the London Stock Exchange’s AIM market. Following this transaction, Gupta’s holding increased to 193,810 ordinary shares, representing approximately 0.084% of the company’s total voting rights, signalling increased insider ownership and potential confidence in Gelion’s prospects.

Business Operations and StrategyShareholder Meetings
Gelion Secures Shareholder Backing as All AGM Resolutions Pass
Positive
Dec 22, 2025

Gelion announced that all resolutions put to shareholders at its latest Annual General Meeting were duly passed, confirming continued investor backing for the company’s strategic direction and governance. The outcome reinforces management’s mandate to advance its portfolio of sulfur-based and zinc hybrid battery technologies and commercial energy storage projects, supporting its positioning as a specialist player in sustainable energy storage solutions.

Business Operations and StrategyProduct-Related Announcements
Gelion Rebrands UK Subsidiary to Strengthen Global Presence
Positive
Dec 11, 2025

Gelion PLC has announced the rebranding of its wholly-owned UK subsidiary, OXLiD Ltd, to Gelion Europe Ltd. This change marks the completion of the post-acquisition integration process and aims to consolidate the Gelion brand for global partners and stakeholders. The rebranding also signifies the successful incorporation of lithium-sulfur technology into Gelion’s energy storage portfolio and represents the company’s expanding European operations. The change is expected to enhance engagement with supply chains and commercial partners, reflecting Gelion’s commitment to advancing sulfur battery technologies globally.

Business Operations and StrategyExecutive/Board Changes
Gelion PLC Awards Share Options to CFO Amit Gupta
Positive
Dec 10, 2025

Gelion PLC has announced the grant of 284,015 share options to Amit Gupta, the Chief Financial Officer, as part of the company’s Share Option Plan. This move is in recognition of his contributions during the fiscal year 2025 and aligns with the company’s strategy to incentivize key executives. The options, which have a nominal exercise price, are set to vest in three equal tranches by August 2028, contingent upon continued employment. This grant reflects Gelion’s commitment to rewarding its leadership and could potentially impact the company’s market positioning by retaining key talent.

Business Operations and StrategyProduct-Related Announcements
Gelion Achieves Key Milestone in Sulfur Battery Technology
Positive
Dec 4, 2025

Gelion PLC has achieved a significant technical milestone by reaching the 4Q areal capacity in the development of its sulfur battery technology. This breakthrough demonstrates the potential of Gelion’s proprietary cathode active material (CAM) to produce high-energy-density, low-cost sulfur-based batteries suitable for various applications, including e-aviation and electric mobility. The achievement marks a critical step towards scaling sulfur-based technology for commercial-grade battery systems, enhancing Gelion’s competitiveness against conventional lithium-ion technology. The milestone supports Gelion’s energy-density and cost objectives, strengthening its roadmap for future high-energy-density battery targets.

Shareholder Meetings
Gelion PLC Announces Upcoming Annual General Meeting
Neutral
Nov 27, 2025

Gelion PLC has announced its Annual General Meeting (AGM) scheduled for 22 December 2025, which will be held at the company’s registered office in London. Shareholders can attend the meeting remotely by registering in advance. This announcement highlights Gelion’s ongoing commitment to engaging with its stakeholders and maintaining transparency in its operations, which is crucial for its positioning in the competitive energy storage industry.

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Gelion PLC Achieves Breakthrough Year with Strategic Partnerships and Technological Advances
Positive
Nov 27, 2025

Gelion PLC has reported its final results for the year ending June 30, 2025, marking a significant transition into a commercial revenue phase with a 36% increase in total income to £2.7 million. The company has made substantial progress in financial discipline and operational efficiency, reducing its adjusted EBITDA loss by 15% and narrowing its operating loss by 25.7%. Strategic collaborations with institutions like the Max Planck Institute and TDK Corporation have enhanced Gelion’s technological capabilities, particularly in sulfur and lithium recycling technologies. The company has achieved breakthroughs in its Sodium-Sulfur and Lithium-Sulfur battery technologies, delivering industry-leading performance. Post-period, Gelion has strengthened its balance sheet with a £10.5 million capital raise and signed a full collaboration agreement with TDK to develop commercial pouch cell prototypes, positioning itself for future growth and innovation in the energy storage sector.

Business Operations and StrategyFinancial Disclosures
Gelion PLC to Announce Full-Year Results and Host Investor Presentation
Positive
Nov 25, 2025

Gelion PLC announced that it will release its full-year financial results for the year ending June 30, 2025, on November 27, 2025. The announcement will be accompanied by an investor presentation hosted by the company’s CEO, CFO, and CTO. This event highlights Gelion’s commitment to transparency and engagement with stakeholders, potentially impacting its market positioning positively by showcasing its financial health and strategic direction.

Delistings and Listing ChangesPrivate Placements and FinancingShareholder Meetings
Gelion PLC Expands Share Capital Following General Meeting
Neutral
Nov 5, 2025

Gelion PLC announced the successful passing of all proposed resolutions at its recent General Meeting, leading to the issuance of 1,150,000 new shares subscribed by directors and PDMRs at 20 pence per share. The new shares will be admitted to trading on AIM, increasing the company’s total voting rights to 229,351,783, which may impact shareholder notifications under FCA rules.

Private Placements and FinancingShareholder Meetings
Gelion PLC Announces General Meeting to Discuss Fundraising Initiative
Positive
Oct 29, 2025

Gelion PLC has announced a General Meeting scheduled for November 5, 2025, to discuss a recent fundraising initiative. This meeting, which will take place at Allenby Capital Limited in London, is significant for stakeholders as it relates to the company’s efforts to enhance its financial position and support its innovative energy storage projects. The meeting underscores Gelion’s commitment to advancing its market position in the energy storage industry by leveraging new financial resources.

Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Gelion PLC Raises £10.5 Million Through Oversubscribed WRAP Retail Offer
Positive
Oct 21, 2025

Gelion PLC has successfully completed an oversubscribed WRAP Retail Offer, raising approximately £10.5 million through the issuance of new Ordinary Shares. This fundraising effort, which includes a Placing, Subscription, and WRAP Retail Offer, is contingent upon shareholder approval at an upcoming General Meeting. The funds raised are expected to support Gelion’s strategic initiatives and strengthen its market position in the energy storage industry.

Business Operations and StrategyProduct-Related Announcements
Gelion Partners with TDK to Advance Sulfur Battery Technology
Positive
Oct 21, 2025

Gelion PLC has announced a full collaboration agreement with TDK Corporation to advance Sulfur battery technology, which is expected to be transformative for the industry. This partnership will focus on developing large format commercial pouch cell prototypes and integrating them into TDK’s production lines, aiming to bring Gelion’s Sulfur battery platform to commercial readiness for mobility, aviation, and energy storage markets. The collaboration is set to enhance Gelion’s strategic positioning in the battery industry and contribute to sustainable innovation, with production commencing at TDK’s Nagano plant.

Business Operations and StrategyPrivate Placements and Financing
Gelion PLC Raises £10 Million to Boost Energy Storage Innovations
Positive
Oct 17, 2025

Gelion PLC has successfully raised £10 million through a Placing and Subscription, issuing 50 million new shares. The fundraising includes a Retail Offer to raise an additional £0.5 million, with the results to be announced on 24 October 2025. The funds will support Gelion’s strategic initiatives and strengthen its market position in the energy storage industry. Directors of the company have participated in the fundraising, which is considered a related party transaction but deemed fair by the independent director. The new shares are expected to be admitted to trading on AIM by 7 November 2025.

Business Operations and StrategyPrivate Placements and Financing
Gelion PLC Launches £500,000 Retail Share Offer
Neutral
Oct 16, 2025

Gelion PLC has announced a retail offer to raise up to £500,000 through the issuance of new ordinary shares via the Winterflood Retail Access Platform. This initiative is part of a broader fundraising effort, which includes a placing and subscription to raise approximately £10 million. The funds raised will support the company’s strategic initiatives, with the retail offer providing an opportunity for both new and existing UK retail shareholders to participate. The offer is contingent on shareholder approval and the admission of new shares to the AIM market of the London Stock Exchange.

Business Operations and StrategyPrivate Placements and Financing
Gelion PLC Announces £10.5 Million Fundraising to Advance Sulfur Battery Technology
Positive
Oct 16, 2025

Gelion PLC has announced an equity fundraising of up to £10.5 million through a Placing, Subscription, and Retail Offer, with the proceeds aimed at advancing their sulfur battery technology and supporting growth initiatives. This fundraising is expected to strengthen Gelion’s market position by enabling the development of commercial prototypes and enhancing collaborations with major industry players, potentially derisking the commercialization pathway and expanding their influence in the energy storage sector.

Business Operations and StrategyProduct-Related Announcements
Gelion’s Sulfur CAM Revolutionizes Battery Manufacturing
Positive
Oct 16, 2025

Gelion PLC has announced the successful integration of its Sulfur Cathode Active Material (CAM) into coin cells using standard lithium-ion and sodium-ion battery components. This breakthrough demonstrates the potential of Gelion’s CAM as a drop-in solution for existing battery manufacturing infrastructure, overcoming previous incompatibilities with conventional sulfur cathodes. This development could revolutionize battery manufacturing by allowing the use of mature, cost-efficient electrolytes, enhancing Gelion’s market positioning and fostering relationships with significant industrial players.

Business Operations and StrategyProduct-Related Announcements
Gelion Secures Multi-Year Collaboration with Leading Battery Manufacturer
Positive
Oct 16, 2025

Gelion PLC has transitioned its Materials Testing Agreement with a Tier-One battery manufacturer into a multi-year Collaboration Agreement, following successful validation of its advanced Cathode Active Material. This partnership with a leading global electronics and battery manufacturer will accelerate Gelion’s commercialization of its sulfur battery platform, targeting applications in next-generation mobility, aviation, and energy storage. The agreement includes joint development of pouch cell prototypes and scaling up CAM production, while ensuring protection of Gelion’s intellectual property. This collaboration marks a significant milestone for Gelion, enhancing its industry positioning and reducing development risks.

Business Operations and StrategyProduct-Related Announcements
Gelion PLC Strengthens Lithium-Sulfur Patent Portfolio in the U.S.
Positive
Oct 16, 2025

Gelion PLC has strengthened its Lithium-Sulfur intellectual property portfolio with two new patents and one application accepted by the United States Patent and Trademark Office. This advancement enhances Gelion’s IP strategy, providing protection for its core Li-S technology and supporting the deployment of safer, high-performance batteries. The new patents cover improvements in cycling performance, manufacturing processes, and thermal management, which are crucial for the commercialization of Gelion’s battery technologies. With over 200 patents and applications, Gelion is positioning itself as a leader in the global battery marketplace, aiming to deliver safer, lighter, and longer-lasting batteries.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 04, 2026