{"id":2137827,"date":"2025-04-22T07:48:58","date_gmt":"2025-04-22T06:48:58","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/yorkshire\/?p=2137827"},"modified":"2025-04-23T07:42:48","modified_gmt":"2025-04-23T06:42:48","slug":"itm-upgrades-revenue-forecast","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/yorkshire\/news\/2137827-itm-upgrades-revenue-forecast","title":{"rendered":"ITM upgrades revenue forecast"},"content":{"rendered":"<p style=\"font-weight: 400\">Sheffield-based electrolyser manufacture ITM Power upgraded its revenue forecast by 30% today after fulfilling additional contract obligations.<\/p>\n<p style=\"font-weight: 400\">Revenue for FY25 is now expected to be between \u00a325.5m and \u00a326.5m, however the adjusted EBITDA loss guidance of \u00a332m to \u00a336m remains unchanged.<\/p>\n<p style=\"font-weight: 400\">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 \u00a3204m and \u00a3205m.<\/p>\n<p style=\"font-weight: 400\">Dennis Schulz, CEO, said: \u201cITM is continuing to achieve a strong revenue performance while tightly managing costs and capital expenditures. Our strong balance sheet is an important differentiator in the competitive landscape, and our contract backlog and sales pipeline have continued to grow. We remain well-positioned as customer FIDs accelerate through FY26.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sheffield-based electrolyser manufacture said predicted revenue will be up 30% after it fulfilled additional contract obligations.<\/p>\n","protected":false},"author":271992,"featured_media":2119630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,50204],"coauthors":[137100],"class_list":["post-2137827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","category-technology","tag-featured-story","tag-yorkshire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ITM upgrades revenue forecast | TheBusinessDesk.com<\/title>\n<meta name=\"description\" content=\"Sheffield-based electrolyser manufacture said predicted revenue will be up 30% 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