ITM Power shares rise as improves annual bottom-line guidance

ITM Power PLC on Thursday said it expects narrower loss than previously forecast for its financial year.

For the 12 months that ended April 30, it expected to report an adjusted loss before interest, tax, depreciation and amortisation between £20.0 million and £21.0 million.

Its previous guidance was for a loss between £27.0 million to £29.0 million. In financial, its Ebitda loss was £33.0 million.

Shares in the green hydrogen electrolyser designer and manufacturer rose 3.3% to 92.57 pence each on Thursday morning in London.

ITM said revenue and cash targets remained unchanged.

In February, the Sheffield, England-based company upgraded its revenue outlook to between £40 million and £43 million from a previous range of £35 million to £40 million.

ITM expects net cash to be between £170 million and £175 million, according to its interim results.

The company said it will publish preliminary annual results for financial 2026 on October 19.

Copyright 2026 Alliance News Ltd. All Rights Reserved.