Energypathways plc AIM:EPP
- Incorporated
- United Kingdom
- Chief executive
- Benedict (Ben) Clube
- Employees
- 5
- Reports in
- GBP
- Companies House
- 13201653
Read straight from the annual reports
No price history · 5 reported years, 2022–2025
No daily prices have been collected for this company.
| Line |
|---|
| Nothing read for this statement. |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
No figures have been read for this company yet.
— annual report
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
None currently - no revenue-generating activity
The Consolidated Statement of Comprehensive Loss has no revenue line; the Group is stated to be 'not revenue-generating' and 'has not yet commenced revenue-generating activities from its LDES or gas storage projects'.
page 50Future MESH revenue (LDES, gas storage, hydrogen) - not yet contracted
Management describes MESH as expected to supply natural gas, green hydrogen and compressed air energy for the UK market for over 20 years from operations commencing 2031; the Group has yet to enter into contracts for the delivery of power or gas.
page 16Administrative expense growth - consultants and advisors rose to £561,980 (2024: £230,640) and professional fees to £167,374 (2024: £10,626)
Administrative expenses increased to £1,415,172 from £1,072,289; wages and salaries fell to £374,685 (2024: £437,654).
page 64Write-off of licence-related assets and pre-acquisition licence expenses
Impairment of property, plant and equipment £167,591 (P2490 licence lapsed early 2025) and pre-acquisition licence expenses £71,349 (2024: £123,562).
page 50£168k charge: Impairment of property, plant and equipment (P2490 licence costs written off after licence lapsed)
page 50We are now working towards a Final Investment Decision (FID), planned for 2028 for the first phase of the MESH storage project, with operations commencing in 2031.
page 85 Feb 2026: 965,883 shares issued at 4.85p in settlement of consultancy fees to MESH project management team members.
page 81The Directors do not recommend the payment of a dividend (2024: £nil). No dividend policy is otherwise stated.
page 37Unmodified opinion (financial statements give a true and fair view under UK-adopted IFRS), with a separate 'Material uncertainty relating to going concern' paragraph referring to Note 2.3; the opinion is not modified for this matter. Going concern is a key audit matter (also in 2024). The Directors conclude the Group has sufficient resources for at least 12 months, but state a material uncertainty exists because MESH development depends on raising further funds. 2025 KAM: classification and carrying value of tangible asset under development (reassessed from exploration assets after a prior-period reclassification). Auditor RPG Crouch Chapman LLP; no non-audit work.
page 41- Funding: MESH Phase 2 requires substantial capital expenditure that is not contractually committed; financing, equity and debt options are being investigated.p.19
- Going concern: material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern if it cannot raise funds for further MESH development.p.41
- Government policy: continuity of UK energy and emissions policy, laws and regulations and their interpretation cannot be assured.p.19
- Pre-revenue with no contracts: has not commenced revenue-generating activities and has yet to enter contracts for delivery of power or gas.p.20
Read from C000425-AR-2025-ch.
0 annual reports read
Sources: Companies House (4)
No filings have been read for this company yet.