{"id":2150360,"date":"2026-02-17T07:32:27","date_gmt":"2026-02-17T07:32:27","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/yorkshire\/?p=2150360"},"modified":"2026-02-17T07:32:53","modified_gmt":"2026-02-17T07:32:53","slug":"itm-power-lifts-revenue-outlook-on-strong-project-delivery","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/yorkshire\/news\/2150360-itm-power-lifts-revenue-outlook-on-strong-project-delivery","title":{"rendered":"ITM Power lifts revenue outlook on strong project delivery"},"content":{"rendered":"<p data-start=\"64\" data-end=\"222\">Sheffield-based <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">ITM Power<\/span><\/span> has upgraded its revenue guidance for FY26 after reporting strong progress across its project portfolio.<\/p>\n<p data-start=\"224\" data-end=\"428\">The AIM-listed hydrogen electrolyser manufacturer now expects revenue for the year to be in the range of \u00a340m to \u00a343m \u2013 an 11% increase at the midpoint compared with its previous guidance of \u00a335m to \u00a340m.<\/p>\n<p data-start=\"430\" data-end=\"756\">The uplift follows continued delivery across its contracts and reflects the impact of the company\u2019s adoption of percentage-of-completion (PoC) accounting. The method allows revenue to be recognised progressively over the life of a contract, rather than at a single point in time, smoothing reported income as projects advance.<\/p>\n<p data-start=\"758\" data-end=\"919\">The revised outlook also includes contributions from recently announced contracts, as ITM continues to build its order book in a competitive clean energy market.<\/p>\n<p data-start=\"921\" data-end=\"1129\">Despite the higher revenue expectation, guidance for adjusted EBITDA and cash remains unchanged, signalling that while top-line performance is strengthening, the group is maintaining its financial discipline.<\/p>\n<p data-start=\"1131\" data-end=\"1358\">Chief executive <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Dennis Schulz<\/span><\/span> said: \u201cITM continues to deliver strong revenue performance while increasing our firm contract backlog, and we remain well-positioned with a healthy level of sales activity.\u201d<\/p>\n<p data-start=\"1360\" data-end=\"1627\" data-is-last-node=\"\" data-is-only-node=\"\">The update suggests growing momentum for the South Yorkshire firm as it seeks to capitalise on rising demand for green hydrogen infrastructure, with investors likely to view the improved revenue forecast as a positive marker of execution as well as pipeline strength.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sheffieldd-based hydrogen electrolyser manufacturer now expects revenue for the year to be in the range of \u00a340m to \u00a343m<\/p>\n","protected":false},"author":271992,"featured_media":2143136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53262,120781],"coauthors":[137100],"class_list":["post-2150360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-markets","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 Power lifts revenue outlook on strong project delivery | TheBusinessDesk.com<\/title>\n<meta name=\"description\" content=\"The Sheffieldd-based hydrogen electrolyser manufacturer now expects revenue for the year to be in the range of \u00a340m to \u00a343m\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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