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eEnergy Group PLC shares sunk on Monday as it made a significant cut to its full-year revenue and profit guidance. Shares in eEnergy were down 40% at 3.07 pence on Monday morning in London. Ahead of its annual general meeting on Thursday, the London-based net zero energy services provider said following a ‘detailed’ review and significant reduction in pipeline revneue, it now expects 2026 revenue of around £32.0 million, down from previous guidance of £38.0 million. The company reported revenue of £19.0 million for 2025. It now sees 2026 adjusted earnings before interest, tax, depreciation and amortisation of £1.7 million, cut from the previous forecast of £4.5 million. It would also be lower than adjusted Ebitda of £2.2 million for 2025. eEnergy said it has conducted a review of the pipeline of potential sales opportunities. ‘Consequently, the board now believes that investment grade opportunities equivalent to £66 million more fairly reflect the level of live opportunities that the business could potentially convert into revenue in the short to medium term,’ said Chair Andrew Lawley. John Gahan was appointed as the interim chief executive officer in May and started a restructuring and cost saving exercise. The firm said this is expected to reduce annual operating costs by almost a third, with around £2.0 million of annualised total savings in 2026, from operating costs of £6.3 million in 2025. It expects this to improve adjusted Ebitda in the second half by around £1.0 million, while the first half figure will include an exceptional restructuring charge of around £500,000. eEnergy now expects first half revenue of around £22.0 million, more than doubled from £10.1 million a year prior. It forecasts first half adjusted Ebitda of £1.2 million, up from £500,000 a year ago. eEnergy expects to announce its interim results on or around July 30. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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