ITM Power (LON: ITM) shares rose today after the company upgraded its guidance for the financial year ended 30 April 2026. The improvement is in the size of the expected loss, not in sales or cash.
In a statement to the market today, the company said it now expects an adjusted EBITDA loss for FY26 of between £20m and £21m.
ITM Power is delighted to upgrade its FY26 guidance
ITM Power, in its statement
The new range is a 27% improvement on the previous guidance and a 38% improvement year-on-year, so the loss is expected to be smaller than both the company’s own earlier forecast and last year’s outcome.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Not everything has moved. ITM Power said its revenue and cash guidance remain unchanged, which means the upgrade rests on a lower loss rather than on higher sales or a stronger cash position.
That distinction is what the full numbers will test. The company will announce its preliminary results, meaning its full-year results for the year to 30 April 2026, on the 19th of October.
Chief executive Dennis Schulz, chief financial officer Amy Grey and chief technology officer Simon Bourne will present to analysts and investors at 9:00am that day.
The presentation is open to all existing and potential shareholders through Investor Meet Company, and sign-up is free. Questions can be submitted in advance via the dashboard until 9:00am on the 19th of October, or at any point during the presentation.
