H1 2022 Highlights

  • A resilient financial performance, despite ongoing and significant pressures from commodity markets 
  • Revenue increased 57.4% to £107.6m (HY 21: £68.4m) driven by significant price rises throughout the year in response to rising wholesale costs. As price rises lag commodity price increases, this is expected to be a phasing impact in the medium term. 
  • Gross profit decreased by 31.1% to £12.2m (HY 2021: £17.7m) with a gross profit margin of 11.4% (HY 2021: 25.9%). H1 2021 benefited from commodity procurement during COVID. 
  • Underlying loss before tax of £0.7m (HY 2021: profit £4.8m) includes a loss of £0.8m in relation to Zap-Map’s financial performance. Following the recent funding round, Zap-Map will be deconsolidated from full year PBT figures, H1 2022 included a loss of £0.8m for Zap-Map. 
  • The sale of the generation assets completed in January 2022 for a total consideration of £21.2m. The company is now debt free on a net basis. Sale proceeds continue to provide a balance of growth capital and buffer against continued volatile wholesale energy prices. Cash and cash equivalents at the end of August 2022 was £22.2m.
  • The Company will invest across energy services through a clear buy and build strategy. 

Find out more in the investor presentation.

5-year-financials-1
5-year-financials-2
5-year-financials-1
5-year-financials-2
5-year-financials-1

* Total customer numbers includes Good Energy domestic, business and Feed in tariff customers and Zap-Map registered users.

Our Shares

Our Shares

Details about buying and managing Good Energy shares.
Find out more

Find About our Bonds

Our Bonds

Get information on our corporate bond offerings.
Find out more

Contact Us

Contact Us

Any questions? Contact our investor relations team.
Get in touch

Regulatory News

Regulatory News

Our latest market announcements.
Read the news