ITM Power PLC (OTCPK:ITMPF)

Half Year 2026 ITM Power PLC Earnings Call Transcript

Jan 28, 2026 / 09:00 AM GMT

Release Date Price: $0.8822 (-5.24%)

Transcript

Key Points

Positve

ITM Power PLC (ITMPF) reported its highest half-year revenue in history, driven by strong equipment sales and engineering contracts.
The company has a strong balance sheet with a cash position of £197.8 million, reflecting disciplined cash management.
ITM Power PLC (ITMPF) has a growing order backlog of £152 million, with 71% of contracts being profitable.
The introduction of the Alpha 50 product has been well-received, filling a market gap for larger, full-scope hydrogen systems.
The company is making significant strides in factory automation with the Auto Stacker, increasing production capacity and efficiency.

Negative

Despite record revenues, ITM Power PLC (ITMPF) reported a gross loss of £6.5 million, although this is an improvement from the previous year.
The company faces challenges with legacy contracts that do not contribute to margins, comprising 29% of the order backlog.
There is uncertainty around the timing of customer investment decisions, which affects contract signings and revenue recognition.
The transition to recognizing revenue over time for certain projects is still in progress, with 85% of the order book under the completed contracts method.
Inflationary pressures are expected to increase costs in the second half of the year, impacting overall financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ITM.L - ITM Power PLC
Half Year 2026 ITM Power PLC Earnings Call
Jan 29, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the ITM Power PLC investor presentation. Throughout this recorded meeting, investors will be in listen-only mode. Questions can be submitted at any time by the Q&A tab situated in the right hand corner of your screen, just simply type in your question and press send. Company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll.

I'd now like to hand you over to the team at ITM Power PLC. Good morning.

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