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ITM Power plc announced on 17 February 2026 that it has raised its revenue guidance for FY26. The company now expects FY26 revenue to be between £40m and £43m, an 11% midpoint increase compared to its previous guidance range of £35m to £40m. This increase is attributed to strong project progress, the adoption of the percentage-of-completion method, and contributions from recently announced contracts, with Adjusted EBITDA and cash guidance remaining unchanged.
| Date | 17 Feb 2026 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 2316T |
17 February 2026
ITM Power plc
FY26 revenue guidance raised by over 10%
ITM Power is delighted to announce that revenue for FY26 is now expected to be between £40m and £43m, an 11% midpoint increase compared to the previous guidance range of £35m to £40m.
This increase is due to strong project progress. Following our adoption of the percentage-of-completion (PoC) method, which enables revenue to be recognised progressively over the life of the contract, the increased guidance also reflects contributions from recently announced contracts.
Adjusted EBITDA and cash guidance remain unchanged.
Dennis Schulz, CEO, said, "ITM continues to deliver strong revenue performance while increasing our firm contract backlog, and we remain well-positioned with a healthy level of sales activity."
For further information, please visit www.itm-power.com or contact:
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ITM Power plc |
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Justin Scarborough, Head of Investor Relations
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+44 (0)114 551 1080 |
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Berenberg |
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Ciaran Walsh, Harry Nicholas
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+44 (0)20 3207 7800 |
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J.P. Morgan Cazenove |
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Richard Perelman, Charles Oakes |
+44 (0)20 7742 4000 |
About ITM Power plc:
ITM Power was founded in 2000 and ITM Power plc was admitted to the AIM of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.