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Mast Energy Developments PLC
(LSE:MAST)
Mast Energy Developments PLC (MAST) vs. iShares MSCI United Kingdom ETF (EWC)
Mast Energy Developments PLC Business Overview & Revenue Model
Mast Energy Developments PLC Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.26M | 737.16K | 341.21K | 1.04M | 2.60K | 0.00 |
| Gross Profit | 111.71K | 295.62K | 117.37K | 257.94K | -239.25K | 0.00 |
| EBITDA | -519.82K | -774.00K | -3.38M | -2.57M | -1.71M | 110.19K |
| Net Income | -1.16M | -1.10M | -3.54M | -2.73M | -1.05M | -238.00K |
Balance Sheet | ||||||
| Total Assets | 3.62M | 4.04M | 2.60M | 4.62M | 7.63M | 2.90M |
| Cash, Cash Equivalents and Short-Term Investments | 148.23K | 146.45K | 252.00 | 132.18K | 1.81M | 258.00 |
| Total Debt | 4.93M | 4.58M | 2.02M | 2.18M | 2.56M | 2.23M |
| Total Liabilities | 5.42M | 5.28M | 2.99M | 2.50M | 3.78M | 2.24M |
| Stockholders Equity | 2.27M | 2.83M | 3.68M | 6.18M | 7.92M | 775.38K |
Cash Flow | ||||||
| Free Cash Flow | -1.57M | -2.87M | -727.13K | -1.70M | -1.93M | -352.81K |
| Operating Cash Flow | -683.24K | -1.23M | -727.13K | -1.28M | -607.75K | -352.81K |
| Investing Cash Flow | -402.44K | -1.15M | 0.00 | -974.35K | -1.44M | 0.00 |
| Financing Cash Flow | 981.91K | 2.53M | 595.19K | 585.50K | 3.50M | 351.31K |
Mast Energy Developments PLC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
58 Neutral | £20.24M | -1.13 | -68.06% | ― | -60.76% | -230.39% | |
47 Neutral | £26.25M | -4.42 | -238.41% | ― | ― | ― | |
45 Neutral | £118.02M | -4.61 | -32.53% | ― | -58.85% | 55.03% | |
44 Neutral | £2.28M | -9.45 | ― | ― | ― | ― | |
42 Neutral | £8.44M | -0.36 | -40.41% | ― | ― | ― | |
41 Neutral | £19.45M | -3.42 | -87.07% | ― | 3.87% | -160.00% |
Mast Energy Developments PLC Corporate Events
Quantum Data Energy PLC reported record full-year electricity generation and revenues from its 8.1 MW Pyebridge flexible generation asset in 2025, with output rising about 71% year-on-year to roughly 10.8 GWh and revenues climbing around 130% to approximately £1.6 million, supported by premium pricing and strong demand for flexible power amid intermittent renewable supply. The strong operational performance at Pyebridge, alongside an increase in issued share capital to 166.4 million ordinary shares following warrant exercises, reinforces the viability of Quantum’s flexible generation business model and provides further capital as the company moves to expand its asset portfolio toward an initial 300 MW target and strengthen its positioning as an AI-focused energy infrastructure player.
The most recent analyst rating on (GB:MAST) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Mast Energy Developments PLC stock, see the GB:MAST Stock Forecast page.
Quantum Data Energy PLC has released a new interview with CEO Pieter Krügel on Vox Markets, in which he reviews the company’s transformational progress in 2025 and outlines expectations for 2026, offering investors and stakeholders additional insight into its evolving strategy. The company has also published a business video that explains its core business model and highlights key investment benefits, reinforcing its communication efforts as it pursues growth in flexible power generation and AI infrastructure markets.
In 2025, Quantum Data Energy PLC achieved significant milestones, including a successful £5m equity fundraise that improved its financial position and increased its market valuation to approximately £7m. The company also reported record electricity generation from its Pyebridge power asset and secured funding for its Hindlip project without diluting shareholder value. Additionally, Quantum expanded its project portfolio and introduced a new AI datacentre power supply strategy, positioning itself for further growth in 2026.
Quantum Data Energy PLC announced a significant increase in electricity generation and revenue from its Pyebridge 8.1 MW flexible generation power asset. For the first 11 months of 2025, electricity generation increased by approximately 71% and total revenues surged by about 136% compared to the same period in the previous year. This growth underscores the strong operational performance of Pyebridge and the rising demand for flexible generation capacity amid intermittent renewable supply, highlighting the company’s commitment to delivering reliable energy solutions.
Quantum Data Energy PLC has made significant progress in securing growth funding for its flexible generation power projects and acquisitions of operational flexgen assets. By partnering with Sustainable Investing Solutions, the company plans to achieve its target of a 300+ MW portfolio, leveraging the expertise of industry specialists. This funding strategy, structured at the SPV project level, is non-dilutive to shareholders and positions Quantum Data Energy for rapid scalability and income generation. The collaboration aims to reach financial close with investors by Q1 2026, enhancing the company’s market positioning in the sustainable energy sector.
Quantum Data Energy PLC has made significant progress in its joint venture with Avanti-e Ltd, focusing on developing combined heat and power solutions for the UK’s holiday-park sector. The company submitted a proposal for a 10 MW CHP project to a large holiday park, which includes a long-term private-wire PPA and modular CHP system. This project marks an important step in Quantum’s strategy to establish a 300+ MW portfolio and eventually a 1 GW platform of distributed energy assets. The appointment of Levercor Energy Ltd as the preferred EPC partner enhances the JV’s capability to deliver efficient and integrated on-site generation assets, strengthening Quantum’s position in the market.
Quantum Data Energy PLC announced a record high in electricity generation and sales at its Pyebridge 8.1 MW flexible generation power asset, driven by strong operational performance and market demand. The company also secured a 15-year Capacity Market contract, ensuring long-term revenue stability and enhancing its financial outlook, which underscores the importance of its assets in providing critical power solutions to the UK grid.
Quantum Data Energy PLC has announced a partnership with Navon World to enhance its AI datacentre power strategy, aiming to develop AI datacentre campuses across the UK and globally. This partnership, alongside Carbon Zero Markets, will leverage each company’s strengths to construct and operate these campuses, starting with a focus on Bristol, the UK’s AI capital. Additionally, Quantum is in discussions with a major UK residential property developer to provide power resilience solutions and explore joint ventures for datacentre development, which could significantly impact its market positioning and growth trajectory.
Quantum Data Energy PLC has announced significant progress on its 7.5 MW Hindlip flexible generation power project, which has officially broken ground and is on track for commercial operations by Q2 2026. Additionally, the company is advancing in its acquisition of a 7 MW brownfield flexible generation site, with key milestones such as offer acceptance and due diligence nearing completion, expected to finalize by Q4 2025.
Mast Energy Developments PLC has announced a rebranding to Quantum Data Energy PLC, reflecting its strategic shift towards becoming a modular, data-integrated power platform. This change aligns with the company’s vision to expand its power assets and support the AI datacentre sector, indicating a significant evolution in its market positioning and operational strategy.
Mast Energy Developments PLC has announced significant progress in its initial 25 MW portfolio of flexible generation power projects, marking a crucial step in its strategy to establish a 300+ MW portfolio and ultimately a 1 GW distributed energy platform. The company has achieved key milestones, including planning consent pre-applications and confirmed grid connections, which de-risk the development pathway and demonstrate its capability to advance multiple projects simultaneously. MAST’s strategic expansion plan, in partnership with Green Light Energy, focuses on in-house development to reduce costs and enhance commercial flexibility, positioning the company as a leading player in the flexible generation power market.
Mast Energy Developments PLC announced a significant increase in electricity generation and revenue from its Pyebridge power asset, with a record monthly output in September 2025. The company’s refurbishment program and rising demand for flexible power due to intermittent renewables have driven a 300% revenue increase over the previous year, reinforcing confidence in MAST’s business model and future growth potential.