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SIMEC Atlantis Energy
(LSE:SAE)
SIMEC Atlantis Energy (SAE) vs. iShares MSCI United Kingdom ETF (EWC)
SIMEC Atlantis Energy Business Overview & Revenue Model
SIMEC Atlantis Energy Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.37M | 15.28M | 3.90M | 7.51M | 12.23M |
| Gross Profit | 11.72M | 4.41M | -11.02M | -19.70M | -16.71M |
| EBITDA | -4.72M | 30.88M | -3.75M | -59.87M | -5.46M |
| Net Income | -20.12M | 25.39M | -9.65M | -67.62M | -19.08M |
Balance Sheet | |||||
| Total Assets | 115.01M | 128.94M | 84.67M | 87.87M | 158.66M |
| Cash, Cash Equivalents and Short-Term Investments | 5.96M | 4.19M | 3.70M | 3.77M | 5.81M |
| Total Debt | 60.33M | 56.53M | 59.08M | 49.58M | 50.21M |
| Total Liabilities | 97.81M | 82.57M | 78.99M | 71.18M | 76.88M |
| Stockholders Equity | 22.16M | 44.22M | 5.35M | 14.95M | 76.07M |
Cash Flow | |||||
| Free Cash Flow | 4.61M | 8.02M | -6.73M | -9.32M | -12.06M |
| Operating Cash Flow | 4.61M | 9.34M | -6.73M | -7.75M | -7.03M |
| Investing Cash Flow | -1.05M | -1.32M | 376.00K | 1.29M | -3.86M |
| Financing Cash Flow | -1.60M | -7.48M | 6.22M | 5.00M | 11.74M |
SIMEC Atlantis Energy Technical Analysis
SIMEC Atlantis Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.74B | 18.23 | 8.12% | 3.57% | 7.33% | 12.21% | |
62 Neutral | £148.01M | 35.17 | 5.72% | ― | ― | ||
51 Neutral | £19.15M | 0.62 | -60.63% | ― | -5.94% | -179.20% | |
45 Neutral | £90.32M | ― | -45.83% | ― | -77.21% | 49.54% | |
| ― | £30.41M | ― | -73.07% | ― | ― | ― | |
| ― | €29.37M | ― | -60.06% | ― | ― | ― | |
| ― | £25.23M | ― | -199.63% | ― | ― | ― |
SIMEC Atlantis Energy Corporate Events
SIMEC Atlantis Energy Limited announced that its COO, David Taaffe, exercised and subsequently sold nearly 2 million ordinary shares, impacting the company’s total voting rights. This transaction, conducted on the London Stock Exchange, reflects strategic financial maneuvers within the company, potentially influencing shareholder interests and market dynamics.
SIMEC Atlantis Energy Limited has applied for the block admission of 23,805,797 ordinary shares under its 2023 Long Term Incentive Plan. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives in sustainable energy, potentially impacting its market positioning and stakeholder interests.
SIMEC Atlantis Energy has achieved financial close for its AW1 battery storage project at the Uskmouth Sustainable Energy Park, marking a significant step in the company’s strategy to lead in sustainable energy development. The project, which is expected to generate substantial annual revenue and EBITDA, positions SAE as a key player in the UK’s transition to low-carbon energy and is anticipated to have a positive economic and environmental impact on the Newport area.
SIMEC Atlantis Energy has entered into supply and construction contracts for its AW1 battery storage project at the Uskmouth Sustainable Energy Park. The project, which can expand from 240MWh to 480MWh, aims to be one of the largest battery storage sites in the UK, contributing to economic and environmental revitalization around Newport. The company has partnered with Canadian Solar SES for battery supply and a long-term service agreement, and with EDF Energy for a revenue optimization agreement. Construction has begun, with operations expected to start in early 2027, marking a significant step in SAE’s strategy to become a leading sustainable project developer.
SIMEC Atlantis Energy Limited announced that during its Annual General Meeting, all resolutions were passed except for resolution 9, which was rejected. The company plans to engage with shareholders who opposed resolution 9 to understand their concerns. This outcome highlights the company’s commitment to shareholder engagement and may influence its strategic decisions moving forward.
SIMEC Atlantis Energy Limited has announced the availability of the Notice of its 2025 Annual General Meeting (AGM) and the Form of Proxy for shareholders. The AGM is scheduled for 31 July 2025 in London, indicating the company’s commitment to maintaining transparent communication with its stakeholders.
SIMEC Atlantis Energy Limited announced its audited final results for 2024, highlighting its strategic progress and financial performance. Despite a slight decrease in revenue and a reported loss, the company is on track to achieve financial closure for its flagship battery storage project in Q3 2025. SAE has made significant strides in its operations, including acquiring full ownership of the AW1 Battery Storage Project and submitting a planning application for the Mey BESS Battery Storage project. The company also secured a loan to support its projects and entered a joint venture to co-develop another battery storage project, reinforcing its position in the renewable energy sector.
SIMEC Atlantis Energy Limited has announced a corporate restructuring move involving the voluntary liquidation of certain dormant subsidiaries and a joint venture. This decision is part of an effort to simplify the company’s corporate structure, with the parent company having already written off or impaired the sums due from these entities in previous financial statements. This restructuring is expected to streamline operations and potentially improve financial clarity for stakeholders.
SIMEC Atlantis Energy Limited has entered a joint venture with Econergy International Limited to co-develop the Afon Wysg 2 (AW2) Battery Storage project at the Uskmouth Sustainable Energy Park in the UK. This collaboration combines SAE’s expertise in renewable energy projects and strategic site ownership with Econergy’s proficiency in battery storage construction and financing. The project, designed for a duration of up to 5 hours and a total potential capacity of 1,250 MWh, aims for planning permission within 12 months and financial closure by 2027. This initiative marks a significant step in both companies’ strategies to enhance their positions in the UK energy storage market, contributing to grid stability and sustainable power solutions.