Powerhouse Energy Group plc
Powerhouse Energy Group plc is an AIM-listed UK waste-to-energy technology company that has developed a proprietary Distributed Modular Generation (DMG) pyrolysis/gasification platform to convert non-recyclable waste (plastics, tyres, other feedstocks) into syngas, hydrogen, electricity, heat and other industrial products. It plans to monetise the technology through licensing fees, royalties, engineering design and project fees, and consolidates an engineering subsidiary, Engsolve Limited, which currently generates all of the Group's reported revenue from third-party engineering services.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 26 Jun 2026 · 76 pages · Companies House
Powerhouse Energy Group plc is developing technology to turn non-recyclable waste into hydrogen, electricity and other products. For now, all its revenue comes from its engineering business, Engsolve. Revenue rose to £1.2m from £499k, and the loss after tax narrowed to £2.9m from £4.7m.
The smaller loss mainly reflects a one-off £2,300,000 write-down in the value of a past acquisition, which was charged in the previous year. Leaving that aside, the operating loss widened to £3.2m from £2.5m. Reasons included higher charges for share awards to staff, and pilot-plant building work, which earns lower margins than consulting. The company earned no licence income from its own technology.
Cash fell to £704k from £1.3m, even after £1.4m was raised from shareholders. There were no borrowings and no dividend. After the year end, it raised more money by selling new shares. Management is aiming for "a breakthrough year commercially in 2026". The report warns that the business relies on outside funding, and the chief executive is stepping down. The auditor gave a clean opinion.
Third-party engineering services via Engsolve Limited
Revenue for 2025 was £1,232,766 (2024: £499,414), derived from Engsolve providing Engineering Services to third party customers
page 8Mix of pilot-plant construction vs consulting work at Engsolve
2025 highlights include building a first-of-a-kind aluminium recycling pilot plant; whilst the building of pilot process plants brings good revenue, the profit margin is lower than for consulting
page 7We are aiming for a breakthrough year commercially in 2026 as we continue to implement our Group strategy.
page 4The Group has not paid a dividend during the year ended 31 December 2025 (2024: £nil) and the Directors do not recommend the payment of a dividend at 31 December 2025 (2024: £nil)
page 1811 years on one page · FY2015–FY2025
| Line | FY2015locked | FY2016locked | FY2017locked | FY2018locked | FY2019locked | FY2020locked | FY2021locked | FY2022locked | FY202312/23 | FY202412/24 | FY202512/25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Operating profit | |||||||||||
| Profit for the year | |||||||||||
| Basic EPS | |||||||||||
| Dividend per share | — | — | |||||||||
| Free cash flow | |||||||||||
| Net debt (negative = net cash) | |||||||||||
| Shares in issue | |||||||||||
| Operating margin | |||||||||||
| Return on capital employed |
GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. 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.
Nothing restated
Every figure is read again from the following year’s report: 293 confirmed, 15 differ.
No figure has been restated: every figure a later report printed again, it printed the same.