Cash flow Ceres Power Holdings plc

Equities

CWR

GB00BG5KQW09

Renewable Energy Equipment & Services

Delayed London S.E. Other stock markets 15:04:09 16/01/2026 GMT			5-day change	1st Jan Change
302.40 ^GBp	+0.73%		+11,980.00%	+14,091.73%

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Published financial data: CERES POWER HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	21.12M	30.78M	22.13M	22.32M	51.89M
Total Revenues	21.12M	30.78M	22.13M	22.32M	51.89M
Cost of Goods Sold, Total	6.9M	10.43M	9.08M	8.77M	11.73M
Gross Profit	14.22M	20.35M	13.05M	13.55M	40.16M
Selling General & Admin Expenses, Total	8.3M	13.41M	17.56M	22.59M	25.8M
R&D Expenses	18.55M	31.29M	48.35M	54.03M	48.53M
Other Operating Expenses	-870K	-924K	-1.33M	-3.66M	-2.85M
Other Operating Expenses, Total	25.97M	43.78M	64.57M	72.96M	71.48M
Operating Income	-11.76M	-23.43M	-51.52M	-59.4M	-31.32M
Interest Expense, Total	-443K	-316K	-212K	-347K	-243K
Interest And Investment Income	659K	438K	2.66M	7.08M	5.81M
Net Interest Expenses	217K	122K	2.44M	6.73M	5.56M
Currency Exchange Gains (Loss)	-	-	173K	-805K	-79K
Other Non Operating Income (Expenses)	-	-64K	-92K	-135K	-40K
EBT, Excl. Unusual Items	-11.54M	-23.37M	-49M	-53.61M	-25.87M
EBT, Incl. Unusual Items	-11.54M	-23.37M	-49M	-53.61M	-25.87M
Income Tax Expense	-1.66M	-1.97M	-3.87M	399K	2.43M
Earnings From Continuing Operations	-9.88M	-21.4M	-45.12M	-54.01M	-28.3M
Net Income to Company	-9.88M	-21.4M	-45.12M	-54.01M	-28.3M
Net Income - (IS)	-9.88M	-21.4M	-45.12M	-54.01M	-28.3M
Net Income to Common Incl Extra Items	-9.88M	-21.4M	-45.12M	-54.01M	-28.3M
Net Income to Common Excl. Extra Items	-9.88M	-21.4M	-45.12M	-54.01M	-28.3M
Per Share Items
Net EPS - Basic	-0.06	-0.12	-0.24	-0.28	-0.15
Basic EPS - Continuing Operations	-0.06	-0.12	-0.24	-0.28	-0.15
Basic Weighted Average Shares Outstanding	162M	186M	191M	193M	193M
Net EPS - Diluted	-0.06	-0.12	-0.24	-0.28	-0.15
Diluted EPS - Continuing Operations	-0.06	-0.12	-0.24	-0.28	-0.15
Diluted Weighted Average Shares Outstanding	162M	186M	191M	193M	193M
Normalized Basic EPS	-0.04	-0.08	-0.16	-0.17	-0.08
Normalized Diluted EPS	-0.04	-0.08	-0.16	-0.17	-0.08
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	-9.21M	-19.22M	-45.96M	-51.86M	-23.7M
EBITA	-11.76M	-23.43M	-51.44M	-59.32M	-31.17M
EBIT	-11.76M	-23.43M	-51.52M	-59.4M	-31.32M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	14.4	8.43	7.9	-0.74	-9.4
Normalized Net Income	-7.21M	-14.61M	-30.62M	-33.51M	-16.17M
Interest on Long-Term Debt	664K	316K	217K	248K	243K
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.59M	2.17M	2.39M	4.9M	7.78M
General and Administrative Expenses	6.71M	11.24M	15.16M	17.68M	18.01M
Research And Development Expense From Footnotes	18.55M	31.29M	48.35M	54.03M	48.53M
Net Rental Expense, Total	-	-	-	-	-
Maintenance & Repair Expenses, Total	558K	589K	1.04M	1.03M	841K
Stock-Based Comp., Other (Total)	919K	2.62M	997K	67K	964K
Total Stock-Based Compensation	919K	2.62M	997K	67K	964K

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	32.96M	151M	63.31M	49.71M	47.49M
Short Term Investments	69.23M	93.13M	119M	90.25M	54.97M
Total Cash And Short Term Investments	102M	245M	182M	140M	102M
Accounts Receivable, Total	4.16M	9.62M	15.13M	5M	17.2M
Other Receivables	5.72M	6.24M	12.81M	7.22M	8.01M
Total Receivables	9.88M	15.87M	27.95M	12.22M	25.22M
Inventory	2.11M	3.14M	5.71M	2.82M	2.76M
Prepaid Expenses	648K	673K	869K	1.19M	1.43M
Other Current Assets, Total	86K	1.39M	54K	8K	883K
Total Current Assets	115M	266M	217M	156M	133M
Gross Property Plant And Equipment	35.18M	41.55M	46.49M	53.69M	58.02M
Accumulated Depreciation	-16.23M	-20.97M	-17.88M	-25.67M	-32.6M
Net Property Plant And Equipment	18.95M	20.58M	28.61M	28.02M	25.42M
Long-term Investments	8M	5.5M	2.46M	2.35M	2.22M
Other Intangibles, Total	4.91M	8.48M	13.28M	19.05M	19.97M
Other Long-Term Assets, Total	741K	741K	741K	741K	741K
Total Assets	148M	301M	262M	206M	181M
Liabilities
Accounts Payable, Total	1.75M	2.42M	4.8M	3.62M	2.01M
Accrued Expenses, Total	1.46M	4.8M	6.52M	5.93M	6.58M
Current Portion of Leases	823K	754K	610K	694K	731K
Current Income Taxes Payable	713K	-	-	-	-
Unearned Revenue Current, Total	8.72M	5.3M	7.16M	7.84M	10.93M
Other Current Liabilities	7.3M	1.94M	1.07M	2.1M	1.97M
Total Current Liabilities	20.77M	15.22M	20.14M	20.19M	22.22M
Long-Term Leases	3.62M	2.28M	2.51M	1.9M	1.49M
Unearned Revenue Non Current	-	-	-	1.36M	1.22M
Other Non Current Liabilities	1.61M	1.83M	1.93M	2.28M	2.34M
Total Liabilities	26M	19.34M	24.59M	25.74M	27.27M
Common Stock, Total	17.22M	19.07M	19.21M	19.3M	19.37M
Additional Paid In Capital	228M	405M	405M	406M	407M
Retained Earnings	-134M	-153M	-198M	-256M	-283M
Comprehensive Income and Other	10.91M	10.91M	10.91M	10.91M	10.91M
Total Common Equity	122M	282M	237M	181M	154M
Total Equity	122M	282M	237M	181M	154M
Total Liabilities And Equity	148M	301M	262M	206M	181M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	173M	191M	192M	193M	194M
ECS Total Common Shares Outstanding	172M	191M	192M	193M	194M
Book Value / Share	0.71	1.48	1.24	0.94	0.79
Tangible Book Value	117M	273M	224M	162M	134M
Tangible Book Value Per Share	0.68	1.43	1.17	0.84	0.69
Total Debt	4.44M	3.04M	3.12M	2.6M	2.22M
Net Debt	-97.74M	-242M	-179M	-137M	-100M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	-	500K	2.46M	2.35M	2.22M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	1.85M	1.3M	1.57M	1.65M	1.62M
Inventories - Work In Process, Total	-	969K	1.48M	787K	759K
Inventories - Finished Goods, Total	253K	877K	2.67M	390K	376K
Machinery, Total	23.8M	28.42M	27.1M	33.75M	37.95M
Full Time Employees	325	489	570	591	478
Order Backlog	54.3M	37.4M	67.8M	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-9.88M	-21.4M	-45.12M	-54.01M	-28.3M
Depreciation & Amortization - CF	3.06M	4.76M	6.11M	8.1M	8.18M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	77K	77K	148K
Depreciation & Amortization, Total	3.06M	4.76M	6.18M	8.18M	8.33M
Amortization of Deferred Charges, Total - (CF)	139K	1M	955K	947K	1.23M
(Gain) Loss on Sale of Investments - (CF)	-36.67K	-1.06M	1.02M	143K	-99K
Stock-Based Compensation (CF)	919K	2.62M	997K	67K	964K
Other Operating Activities, Total	-146K	487K	-7.47M	1.29M	-3.95M
Change In Accounts Receivable	-1.65M	-6.44M	-8.67M	5.18M	-15.39M
Change In Inventories	-469K	-1.04M	-2.57M	2.89M	69K
Change In Accounts Payable	501K	2.83M	2.66M	1.85M	-1.81M
Change in Unearned Revenues	2.96M	-3.22M	1.14M	106K	3.21M
Change in Other Net Operating Assets	715K	1.12M	-637K	-536K	-188K
Cash from Operations	-3.88M	-20.34M	-51.52M	-33.9M	-35.94M
Capital Expenditure	-6.17M	-7.38M	-12.35M	-7.92M	-4.45M
Sale of Property, Plant, and Equipment	-	-	-	225K	-
Sale (Purchase) of Intangible assets	-2.53M	-4.57M	-5.83M	-6.8M	-2.29M
Investment in Marketable and Equity Securities, Total	-9.02M	-20.9M	-20.67M	21.17M	32.54M
Other Investing Activities, Total	749K	438K	1.44M	5.62M	8.47M
Cash from Investing	-16.97M	-32.41M	-37.4M	12.29M	34.26M
Long-Term Debt Repaid, Total	-523K	-405K	-744K	-658K	-774K
Total Debt Repaid	-349K	-405K	-744K	-658K	-774K
Issuance of Common Stock	33.9M	181M	873K	809K	539K
Other Financing Activities, Total	4.32M	-10.38M	-212K	-393K	-243K
Cash from Financing	37.87M	171M	-83K	-242K	-478K
Foreign Exchange Rate Adjustments	-92.67K	563K	863K	-223K	-57K
Net Change in Cash	16.93M	118M	-88.15M	-22.08M	-2.21M
Supplemental Items
Cash Interest Paid	443K	316K	212K	393K	243K
Cash Income Tax Paid (Refund)	-1.64M	-3.08M	380K	-6.91M	1.02M
Levered Free Cash Flow	-	-32.25M	-51.79M	-27.45M	-28M
Unlevered Free Cash Flow	-	-32.05M	-51.65M	-27.23M	-27.85M
Change In Net Working Capital	-	13.83M	9.41M	-15.42M	12.05M
Net Debt Issued / Repaid	-349K	-405K	-744K	-658K	-774K

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	-6.53	-11.46	-15.94	-10.1
Return on Total Capital	-	-7.13	-12.29	-17.67	-11.54
Return On Equity %	-	-10.62	-17.42	-26.07	-16.93
Return on Common Equity	-	-10.62	-17.42	-26.07	-16.93
Margin Analysis
Gross Profit Margin %	67.32	66.12	58.97	60.71	77.4
SG&A Margin	39.28	43.58	79.34	101.17	49.71
EBITDA Margin %	-43.6	-62.44	-207.68	-232.32	-45.67
EBITA Margin %	-55.66	-76.13	-232.47	-265.74	-60.07
EBIT Margin %	-55.66	-76.13	-232.82	-266.09	-60.35
Income From Continuing Operations Margin %	-46.76	-69.54	-203.9	-241.93	-54.55
Net Income Margin %	-46.76	-69.54	-203.9	-241.93	-54.55
Net Avail. For Common Margin %	-46.76	-69.54	-203.9	-241.93	-54.55
Normalized Net Income Margin	-34.15	-47.46	-138.38	-150.09	-31.16
Levered Free Cash Flow Margin	-	-104.77	-234.01	-122.95	-53.96
Unlevered Free Cash Flow Margin	-	-104.13	-233.41	-121.97	-53.67
Asset Turnover
Asset Turnover	-	0.14	0.08	0.1	0.27
Fixed Assets Turnover	-	1.56	0.9	0.78	1.94
Receivables Turnover (Average Receivables)	-	4.46	1.79	2.59	4.67
Inventory Turnover (Average Inventory)	-	3.97	2.05	2.05	4.2
Short Term Liquidity
Current Ratio	5.53	17.45	10.77	7.74	5.98
Quick Ratio	5.4	17.11	10.44	7.54	5.75
Operating Cash Flow to Current Liabilities	-0.19	-1.34	-2.56	-1.68	-1.62
Days Sales Outstanding (Average Receivables)	-	81.76	204.16	140.79	78.3
Days Outstanding Inventory (Average Inventory)	-	91.92	178.08	177.69	87.09
Average Days Payable Outstanding	-	66.49	113.12	261.26	88.39
Cash Conversion Cycle (Average Days)	-	107.19	269.11	57.22	77
Long Term Solvency
Total Debt/Equity	3.66	1.08	1.32	1.44	1.44
Total Debt / Total Capital	3.53	1.07	1.3	1.42	1.42
LT Debt/Equity	2.98	0.81	1.06	1.05	0.97
Long-Term Debt / Total Capital	2.88	0.8	1.05	1.04	0.96
Total Liabilities / Total Assets	17.63	6.43	9.39	12.47	15.06
EBIT / Interest Expense	-26.56	-74.15	-243.03	-171.18	-128.88
EBITDA / Interest Expense	-19.64	-59.09	-213.86	-147.61	-94.6
(EBITDA - Capex) / Interest Expense	-33.58	-82.44	-272.1	-170.44	-112.91
Total Debt / EBITDA	-0.51	-0.16	-0.07	-0.05	-0.1
Net Debt / EBITDA	11.24	12.93	3.95	2.68	4.36
Total Debt / (EBITDA - Capex)	-0.3	-0.12	-0.05	-0.04	-0.08
Net Debt / (EBITDA - Capex)	6.58	9.27	3.11	2.32	3.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	45.71	-28.09	12.82	132.44
Gross Profit, 1 Yr. Growth %	-	43.12	-31.47	26.57	196.33
EBITDA, 1 Yr. Growth %	-	108.65	139.18	7.28	-54.31
EBITA, 1 Yr. Growth %	-	99.3	119.57	9.99	-47.46
EBIT, 1 Yr. Growth %	-	99.3	119.9	9.98	-47.28
Earnings From Cont. Operations, 1 Yr. Growth %	-	116.68	113.94	13.43	-47.59
Net Income, 1 Yr. Growth %	-	116.68	113.94	13.43	-47.59
Normalized Net Income, 1 Yr. Growth %	-	102.54	109.64	4.12	-51.74
Diluted EPS Before Extra, 1 Yr. Growth %	-	89.59	107.57	12.68	-47.77
Accounts Receivable, 1 Yr. Growth %	-	131.02	57.29	-59.12	244.31
Inventory, 1 Yr. Growth %	-	49.26	81.69	-50.56	-2.44
Net Property, Plant and Equip., 1 Yr. Growth %	-	8.6	39.03	-3.48	-9.3
Total Assets, 1 Yr. Growth %	-	104.02	-12.67	-20.48	-12.24
Tangible Book Value, 1 Yr. Growth %	-	134.26	-17.66	-26.72	-17.16
Common Equity, 1 Yr. Growth %	-	131.77	-15.41	-22.73	-14.84
Cash From Operations, 1 Yr. Growth %	-	423.92	153.28	-33.31	6.02
Capital Expenditures, 1 Yr. Growth %	-	19.55	67.37	-35.84	-43.84
Levered Free Cash Flow, 1 Yr. Growth %	-	-	65.57	-45.5	2.02
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	66.2	-45.79	2.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	2.36	-14.83	61.94
Gross Profit, 2 Yr. CAGR %	-	-	-4.19	-15.64	93.66
EBITDA, 2 Yr. CAGR %	-	-	123.39	64.29	-29.99
EBITA, 2 Yr. CAGR %	-	-	109.19	59.12	-23.98
EBIT, 2 Yr. CAGR %	-	-	109.35	59.22	-23.86
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	113.74	60.02	-22.9
Net Income, 2 Yr. CAGR %	-	-	113.74	60.02	-22.9
Normalized Net Income, 2 Yr. CAGR %	-	-	106.06	51.45	-29.11
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	96.93	57.1	-23.29
Accounts Receivable, 2 Yr. CAGR %	-	-	90.62	-27.94	18.63
Inventory, 2 Yr. CAGR %	-	-	64.68	-5.22	-30.55
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	22.87	16.69	-6.43
Total Assets, 2 Yr. CAGR %	-	-	33.27	-17.06	-16.46
Tangible Book Value, 2 Yr. CAGR %	-	-	38.64	-22.95	-22.08
Common Equity, 2 Yr. CAGR %	-	-	39.78	-19.77	-18.88
Cash From Operations, 2 Yr. CAGR %	-	-	264.28	29.09	-15.91
Capital Expenditures, 2 Yr. CAGR %	-	-	41.45	3.63	-39.97
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-6.32	-25.44
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-6.4	-25.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	1.86	19.02
Gross Profit, 3 Yr. CAGR %	-	-	-	-1.58	28.24
EBITDA, 3 Yr. CAGR %	-	-	-	77.91	7.24
EBITA, 3 Yr. CAGR %	-	-	-	71.52	9.98
EBIT, 3 Yr. CAGR %	-	-	-	71.6	10.15
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	76.17	10.3
Net Income, 3 Yr. CAGR %	-	-	-	76.17	10.3
Normalized Net Income, 3 Yr. CAGR %	-	-	-	66.86	3.45
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	66.45	8.83
Accounts Receivable, 3 Yr. CAGR %	-	-	-	6.26	21.38
Inventory, 3 Yr. CAGR %	-	-	-	10.27	-4.31
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	13.93	7.29
Total Assets, 3 Yr. CAGR %	-	-	-	11.84	-15.48
Tangible Book Value, 3 Yr. CAGR %	-	-	-	11.49	-21.07
Common Equity, 3 Yr. CAGR %	-	-	-	14.13	-18.16
Cash From Operations, 3 Yr. CAGR %	-	-	-	105.91	20.89
Capital Expenditures, 3 Yr. CAGR %	-	-	-	8.68	-15.51
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-3.62
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-3.59
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	-
Gross Profit, 5 Yr. CAGR %	-	-	-	-	-
EBITDA, 5 Yr. CAGR %	-	-	-	-	-
EBITA, 5 Yr. CAGR %	-	-	-	-	-
EBIT, 5 Yr. CAGR %	-	-	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	-
Net Income, 5 Yr. CAGR %	-	-	-	-	-
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-
Total Assets, 5 Yr. CAGR %	-	-	-	-	-
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	-
Common Equity, 5 Yr. CAGR %	-	-	-	-	-
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	-
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-