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LONDON - Yü Group PLC (AIM:YU), an independent supplier of gas and electricity to UK businesses, reported revenue of approximately £341 million for the first half of 2025, representing a 9% increase from the same period last year, according to a trading update released Tuesday.
The energy supplier saw its meter points increase by 48% year-over-year to 107,000, continuing its strategy of sustainable growth through its Digital by Default platform. However, average monthly bookings declined 12% to £41.4 million compared to the first half of 2024, which the company attributed to normalizing wholesale commodity markets.
Yü Group’s smart meter division showed significant expansion, with meters owned increasing 179% compared to the first half of 2024, reaching 36,500 units. This growth is expected to generate £1.8 million in annualized annuity income, a 200% increase from the previous year.
The company reported a strong cash position of £109.9 million as of June 30, up from £86.8 million in the comparable period, after paying £6.9 million in dividends and investing £2 million in metering assets.
"I’m pleased with our continued delivery for the first 6 months providing confidence management are in-line with expectations for the year," said Bobby Kalar, Chief Executive Officer, in the press release.
Yü Group stated it remains on target to deliver EBITDA and earnings per share for the full year 2025 in line with current market expectations, despite what it described as a more competitive pricing environment due to normalizing energy wholesale prices.
The company will release its interim results on September 23, 2025.
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