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ITM Power FY25 Results: Record Revenue and Backlog

Summary by FuelCellsWorks
ITM Power announces a strong set of results, reflecting continued growth, commercial momentum and disciplined capital management.
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2 Articles

FuelCellsWorksFuelCellsWorks

ITM Power FY25 Results: Record Revenue and Backlog

ITM Power announces a strong set of results, reflecting continued growth, commercial momentum and disciplined capital management.

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H2 Energy GroupH2 Energy Group

H2-View News: ITM posts record revenue and backlog as focus shifts to profitable hydrogen projects

For FY2025, revenue rose 50% year-on-year to £26m ($35.3m), more than quadrupling over the past two years and falling within upgraded guidance. The company ended the year with a contracted order backlog of £145.1m ($197m), up from £79.7m ($108.5m), with 60% comprising profitable contracts compared to a majority of loss-making legacy projects a year ago.

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H2 Energy Group broke the news in on Thursday, August 14, 2025.
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