INVESTORS
Outperforming expectations by accelerating growth
INVESTMENT CASE
The Group has a clear strategy to deliver sustainable profitable growth and value for all of our stakeholders. Our Investment Case is summarised below.
RESULTS CENTRE
View our Interim and Annual results.
ANALYST RESEARCH
View the latest analyst research notes.
2024 HIGHLIGHTS
Bigger
- Strong revenue growth, up 40% on 2023
- Up 2 places to rank 11th largest supplier of business electricity meters (Cornwall Insight Market Share Report, Oct24)
- 65% growth in meter points supplied versus 2023
- 78% increase in Equivalent volume of energy supplied (“EQVS”)
BETTER
- Another fantastic year for the Group, with further growth to come
- Adjusted EBITDA increased to £48.8m (FY23: £43.9m)
- Earnings per share, adjusted and fully diluted, increased to 210p
- Net cash of £80.2m, up £48.1m on 2023
FASTER
- ‘Digital by Default’ driving efficiency and providing enhanced customer service
- Scalable technology platform differentiates us from competitors
- Yü Smart continues to scale providing operational benefits alongside a growing high margin annuity income
STRONGER
- Five-year commodity trading agreement with Shell Energy Europe Limited (“Shell”) continues to work well and provides significant benefits
- Yü Energy once again recognised in The Sunday Times Top 100 Places to Work list