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ITM Power
(LSE:ITM)
ITM Power (ITM) vs. iShares MSCI United Kingdom ETF (EWC)
ITM Power Business Overview & Revenue Model
ITM Power Earnings Call Summary
ITM Power Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.04M | 26.04M | 16.51M | 5.23M | 5.63M | 4.28M |
| Gross Profit | -27.55M | -23.69M | -16.66M | -83.01M | -34.32M | -14.74M |
| EBITDA | -42.49M | -37.00M | -31.68M | -96.05M | -42.93M | -24.85M |
| Net Income | -45.52M | -45.52M | -27.22M | -101.20M | -46.69M | -27.70M |
Balance Sheet | ||||||
| Total Assets | 341.96M | 341.96M | 381.78M | 402.32M | 458.17M | 229.07M |
| Cash, Cash Equivalents and Short-Term Investments | 207.04M | 207.04M | 230.35M | 283.33M | 366.18M | 176.08M |
| Total Debt | 12.33M | 12.33M | 12.70M | 7.81M | 7.15M | 6.49M |
| Total Liabilities | 117.71M | 117.71M | 113.06M | 106.81M | 63.21M | 31.62M |
| Stockholders Equity | 224.25M | 224.25M | 268.72M | 295.51M | 394.95M | 197.45M |
Cash Flow | ||||||
| Free Cash Flow | -23.91M | -32.94M | -65.08M | -83.11M | -49.01M | -32.01M |
| Operating Cash Flow | -15.36M | -20.02M | -50.58M | -67.99M | -37.85M | -20.06M |
| Investing Cash Flow | -12.79M | -2.65M | -795.00K | -10.90M | -15.38M | -12.49M |
| Financing Cash Flow | -667.00K | -667.00K | -891.00K | -95.00K | 243.13M | 168.72M |
ITM Power Technical Analysis
ITM Power Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £7.42B | 24.23 | 17.68% | 1.25% | -1.97% | 40.55% | |
73 Outperform | £1.48B | 60.06 | 18.87% | 1.03% | 14.88% | 45.73% | |
69 Neutral | £1.07B | 38.73 | 4.10% | 2.40% | -6.95% | -52.08% | |
67 Neutral | £559.38M | 20.35 | 8.04% | 4.94% | -7.30% | -59.71% | |
66 Neutral | £2.80B | 28.71 | 16.97% | 1.94% | 1.93% | -15.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
46 Neutral | £474.76M | -10.43 | -18.47% | ― | 57.73% | -67.12% |
ITM Power Corporate Events
ITM Power has reported a record revenue of £18.0 million for the first half of 2025, despite an adjusted EBITDA loss of £11.9 million, and maintains a robust cash position of £197 million. The company is experiencing strong demand for its NEPTUNE V and ALPHA 50 hydrogen plants, and has made significant progress on major projects like the 100 MW PEM plant for RWE in Lingen. With a solid sales pipeline and continued advancements in product development, ITM Power is positioned as a reliable partner in the evolving hydrogen market, particularly in Europe where infrastructure investments are accelerating.
ITM Power has been selected by Stablegrid Group as the technology partner for two significant energy infrastructure projects in Germany, totaling 710 MW of electrolyser capacity. These projects aim to enhance grid stability and reduce redispatch costs by using hydrogen storage to balance electricity supply and consumption. The first project, ‘Netzbrücke 410’, involves a 30 MW green hydrogen plant, while the second project will see the installation of 680 MW of electrolyser capacity. This collaboration underscores ITM Power’s prominent role in the energy transition within Europe’s largest economy.
ITM Power has announced the participation of its Executive Directors in the company’s Buy as You Earn (BAYE) Share Incentive Plan. Under this scheme, employees can purchase up to £150 of ordinary shares monthly, with the company matching these purchases on a one-for-one basis. This initiative reflects ITM Power’s commitment to aligning the interests of its management with those of its shareholders, potentially enhancing stakeholder confidence and reinforcing its market position in the renewable energy sector.
ITM Power has launched ALPHA 50, a 50MW green hydrogen plant designed to set a new global standard in scalable and cost-effective hydrogen production. This new flagship product is compact, easily configurable for larger plants, and can be deployed globally. With superior energy efficiency and competitive pricing, ALPHA 50 aims to transform the industry by offering unmatched value and setting a new standard for large-scale hydrogen projects.
ITM Power has announced the purchase and awarding of shares to its Executive Directors under the Buy as You Earn (BAYE) Share Incentive Plan. This initiative allows employees to purchase shares with the company matching these purchases on a one-for-one basis, reflecting ITM Power’s commitment to employee investment and engagement. The recent transactions involve the purchase and matching of 354 shares each for Simon Bourne, Chief Technology Officer, and Dennis Schulz, Chief Executive Officer, at a price of £0.84514 per share. This move is likely to strengthen the company’s internal stakeholder alignment and enhance its market positioning by demonstrating confidence in its growth and sustainability strategies.
ITM Power announced the successful passing of all resolutions at its Annual General Meeting, including the appointment of BDO LLP as the new auditor, effective immediately, replacing Grant Thornton LLP. The meeting also confirmed changes in the board with Sir Warren East and John Howarth joining as Non-Executive Directors, indicating a strategic shift in governance and oversight, potentially impacting the company’s future operations and stakeholder relations.
ITM Power has signed a Front-End Engineering Design (FEED) contract for the NEPTUNE V project, which is part of the UK’s Hydrogen Allocation Round 2 (HAR2). The project involves multiple 5MW containerised green hydrogen plants and is expected to be operational by 2028, pending a Final Investment Decision. This contract highlights the NEPTUNE V’s position as a leading solution for mid-scale green hydrogen projects, potentially strengthening ITM Power’s market presence and offering significant implications for stakeholders involved in the green hydrogen sector.
ITM Power has entered into a capacity reservation agreement with RWE for 150MW of its NEPTUNE V units, marking significant repeat business with a major industrial partner. This agreement highlights the growing demand for ITM Power’s containerised green hydrogen solutions and underscores RWE’s confidence in ITM’s technology and delivery capabilities, reinforcing ITM’s strategic position in the green hydrogen industry.
ITM Power plc has announced the latest transactions under its Buy as You Earn (BAYE) Share Incentive Plan, where executive directors Simon Bourne and Dennis Schulz purchased and were awarded shares. This initiative allows employees to purchase shares monthly, with the company matching their purchase on a one-to-one basis. The transactions, conducted on the London Stock Exchange’s AIM, reflect ITM Power’s commitment to employee investment in the company, potentially strengthening internal stakeholder alignment and confidence in its market strategy.