ITM upgrades revenue forecast

Sheffield-based electrolyser manufacture ITM Power upgraded its revenue forecast by 30% today after fulfilling additional contract obligations.

Revenue for FY25 is now expected to be between £25.5m and £26.5m, however the adjusted EBITDA loss guidance of £32m to £36m remains unchanged.

In addition, ITM has been net cash generative in the second half of FY25, and the company expects cash at the end of the financial year to be between £204... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...