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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 | £21.68M | -1.13 | -68.06% | ― | -60.76% | -230.39% | |
47 Neutral | £23.85M | -0.87 | -113.32% | ― | ― | ― | |
45 Neutral | £112.33M | -4.55 | -32.53% | ― | -58.85% | 55.03% | |
44 Neutral | £2.28M | -9.45 | ― | ― | ― | ― | |
42 Neutral | £6.35M | -0.30 | -40.41% | ― | ― | ― | |
41 Neutral | £20.57M | -3.54 | -87.07% | ― | 3.87% | -160.00% |
Mast Energy Developments PLC Corporate Events
Quantum Data Energy has reported record monthly electricity generation and revenue from its fully owned 8.1 MW Pyebridge flexible generation asset in January 2026, driven by strong demand for flexible capacity amid intermittent renewable supply. Pyebridge produced about 1.8 GWh in the month and 11.6 GWh over the past 12 months, achieving average revenues of roughly £290,000 per MW per year and an average electricity sales price significantly above wholesale market levels, underscoring the robustness of its operating model. In parallel, the company is advancing its third flexible generation project, the 5 MW Bordersley site, toward financial close with co-funding from Power Balancing Services, targeting construction start immediately after close and first revenues in the fourth quarter of 2026, while also modestly increasing its issued share capital through warrant exercises, bringing total voting shares to 176.5 million and signalling continued balance sheet support for its expansion to a 300 MW portfolio.
The most recent analyst rating on (GB:MAST) stock is a Hold with a £3.50 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 has issued a Q1 2026 business update outlining its strategic evolution from a UK-focused flexible generation operator into a modular, data-integrated power platform serving rapidly growing digital and data-led infrastructure demand. Following its recent rebrand to Quantum Data Energy, the company is aligning its identity and messaging with a longer-term focus on power solutions for data-intensive use cases, underpinned by a portfolio of UK flexible generation assets totalling around 23 MW and an additional development pipeline of roughly 25 MW. Management is pursuing multiple growth channels, including AI-datacentre power supply, holiday park power deployments, brownfield acquisitions and greenfield projects, and is working on non-dilutive, project-level funding to support up to about 40 MW of next-stage developments along with a proposed 10 MW CHP project at a major UK holiday park. With global and UK datacentre electricity demand rising and grid connection constraints emerging as a key bottleneck, the company sees an opportunity to provide reliable, flexible power in capacity-constrained locations and is targeting a flexible generation platform of more than 300 MW over time, positioning itself to benefit from structural growth in digital infrastructure while emphasizing capital discipline and execution.
The most recent analyst rating on (GB:MAST) stock is a Sell with a £3.00 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 reported that its fully funded 7.5 MW Hindlip flexible generation project, developed in partnership with Powertree, has largely completed civil and structural works and is now progressing through the electrical installation phase, with pre-commissioning slated for early April and commercial operations and revenue generation expected in the second quarter of 2026. Separately, the company is strengthening its balance sheet by settling part of a legacy creditor balance at subsidiary Sloane Developments Ltd through the issue of 5,143,417 new ordinary shares, bringing total issued share capital to 171,529,152 shares, a move that regularises historic liabilities and slightly dilutes existing shareholders while clarifying the company’s capital base for regulatory reporting and investor transparency.
The most recent analyst rating on (GB:MAST) stock is a Sell with a £5.00 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 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.