15 December 2025

eEnergy Group plc

("eEnergy", "the Company" or "the Group")

FY Trading Update

eEnergy (AIM: EAAS), an Energy-as-a-Service provider funding and delivering energy infrastructure upgrades across multi-site portfolios with zero upfront cost, provides a trading update for the five months ended 30 November 2025 (the "Period"), ahead of the financial year ending 31 December 2025. In addition, it provides an operational update on the rollout and mobilisation of its significant solar PV agreement announced on 1 September 2025.

As announced at the Half Year Results, the Company continues to see strong demand for its services and has developed an investment grade pipeline of c.£127m net revenue across 996 active projects created in FY2025. The Group was also pleased to announce several record new contracts in the Period, particularly for its Solar PV business. During the Period, the Group also began the installations as part of an enlarged program of work with Mace which now encompasses solar PV, LED, EV charging and battery installation across what is now circa 74 schools mainly in the Midlands and partly in the London area. This work is expected to be completed by end of Q12026.

During the Period, the Group was awarded a £1.5m solar PV installation contract by the bakery Brioche Pasquier, with the project now live. This carport project is one of the UK's largest carport systems, and positions eEnergy well to meet the strong growth in demand expected for car port solar PV products in 2026.

The Company is now appointed on five frameworks which are already yielding results with contracts being awarded, notably the £0.5m contract with University Hospitals Plymouth NHS Trust, won through the NHS Commercial Solutions framework. These frameworks broaden the Group's channels to market alongside its direct sales.

Since entering the £100m funding partnership with Redaptive Inc in May 2025, eEnergy has drawn down USD$17.4m of the fund covering over 175 solar and LED projects across 179 locations and 51 customers.

FY2025 and Outlook

The business is now benefiting from additional sector exposure, an expanded technology offering and a reduced reliance on direct sales with significant revenue derived from tenders. The Company has increased its participation in major frameworks and is seeing access to a growing number of larger contract opportunities, which is all consistent with the Group's strategy to pursue larger contract awards and diversifying.

Despite significant progress made during the year, with substantial pipeline growth, the securing of several major contracts and gross margins continuing to show improvement year on year, the Group now expects approximately £3m-£4m of previously anticipated FY2025 revenue to be recognised in H12026. This is as a result of delays in the installation phases of existing signed contracts together with a number of anticipated significant investment grade contract signings being pushed in to early 2026, which will now result in the revenue not being recognised until FY2026. These revenues will now be incremental to FY26 and, alongside the currently secured record contracted FY26 order book of £10.5m (January 2025: £7.0m) and the Group's growing investment grade pipeline of opportunities created in FY2025, the Group expects a record FY2026 as outlined below.

The Company remains in final stage discussions with several NHS trusts awaiting decisions on NHS Energy Efficiency Fund (NEEF), which it expects decisions on by year end, with delivery on these contracts commencing in January 2026.

As a result of the factors outlined above, the Board now anticipates revenue for FY2025 will be between £23m-£24m (FY24: £25.1m) depending on the value of contracts awarded and signed in the last two weeks of December this year. In addition, the Board now expects adjusted EBITDA to show material increase over the prior year (FY2024: £0.6m) with a current range for FY2025 of between £1.5m-£1.9m, subject to the outcome of new sales awards in the remainder of the year.

With the expected increased run rate of new sales converting into revenue and the circa £3m-4m of expected H22025 revenue now expected in H12026, the Board expects a corresponding uplift in revenue growth and adjusted EBITDA for FY2026. Given the significant quantum of contract revenues underpinning the improved FY2026 revenue and profit performance, the Board estimates H12026 revenue in the region of c.£20m, double the previous year. The Board also revises guidance for FY2026 revenues and adjusted EBITDA, upgrading both by c.13% to £34m and £4.5m respectively.

Harvey Sinclair, CEO of eEnergy, commented: 

"eEnergy continues to see strong demand for its services and we are pleased to have secured several record contracts in H2 2025. Despite the continued growth in our new sales pipeline, contract signings have been delayed and we are now expecting the majority of the Mace installation and new sales awards to be recognised in H12026. Whilst this shift in revenues beyond the year end is frustrating, the underlying contract economics and gross value are unchanged. This portion of revenue is now concentrated into early FY2026 which, alongside our strong pipeline, significantly increases the Board's confidence in an improved financial outturn in FY2026. The slippage experienced was timing-related only, and consequently we have upgraded FY2026 guidance for revenue by c.13% from £30m to £34m, and adjusted EBITDA by c.12.5% from £4m to £4.5m.

"We remain focused on enabling organisations to achieve sustainable energy savings, protect themselves against future energy price volatility, and accelerate progress toward net zero. We have continued to deliver on our strategy, focusing on participating in more public sector framework deals. These bring the benefit of assured scale and long-term value but, as we have witnessed recently, it brings associated risk of unpredictability around formalisation and installation of the work due to the nature of multi-party procurement structures. Furthermore, we have rationalised our cost base, improved our operating efficiencies and maintain a strong pipeline and growth trajectory. I look forward to 2026 with continued confidence."

For further information, please visit www.eenergy.com or contact:

About eEnergy Group plc

eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding and delivering energy-saving and energy-generating solutions across multi-site public sector and commercial portfolios-helping customers cut energy waste, reduce operating costs, and improve building resilience with zero upfront cost.

eEnergy delivers four core solutions:

·      Reduce: LED lighting and controls

·      Generate: Solar PV (rooftop, ground mount, and carport)

·      Store: Battery storage (store onsite generation and reduce peak-time import costs)

·      Charge: EV charging infrastructure and management

Projects are funded through dedicated facilities, including up to £100m of project funding via eEnergy's partnership with Redaptive, and a £40m NatWest facility supporting public sector deployments.

eEnergy's routes to market include direct sales, public sector frameworks, tenders and strategic partnerships. The Group holds positions on five major procurement frameworks-CCS (Crown Commercial Service), LASER, Lexica/NHS London, NHS Commercial Solutions Framework, and Proactis (YPO)-and is an Office for Zero Emission Vehicles (OZEV) approved EV charge point installer.

The Group has delivered over 1,200 projects and has installed c.590,000 LEDs, improving learning environments for c.520,000 students.

eEnergy is a market leader in the education sector and has been awarded the London Stock Exchange's Green Economy Mark. The Company is also recognised in the 2025 UK Fast Growth 50 Index within the Fastest Growing Green Firms 2025 list, and holds an EcoVadis Bronze Medal with a score of 61/100, placing it in the top third of more than 130,000 organisations assessed globally.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

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