## Gelion PLC Final Results Summary (FY 2025)
**Key Highlights**
* **Breakthrough Year** Gelion PLC, a global energy storage innovator, reports a transformative year marked by significant technological advancements and strategic partnerships.
* **First Revenue** Achieved first commercial revenue of £0.9 million from its Integration Solutions business, marking a 36% increase in total income to £2.7 million.
* **Financial Discipline** Adjusted EBITDA loss reduced by 15% to £4.1 million, exceeding market expectations, demonstrating improved financial discipline and operational efficiency.
* **Strategic Collaborations** Expanded global partnerships with leading institutions like Max Planck Institute, TDK Corporation, University of Nottingham, and UKRI, strengthening technological capabilities and market reach.
* **Technological Breakthroughs**
* **Sulfur Battery Technology** Made significant progress in sulfur-based battery technology, including successful integration of MPIs advanced materials into Li-S and Na-S coin cells, achieving industry-leading performance in terms of battery life, energy retention, and power.
* **Lithium Recycling** Advanced lithium-ion recycling capabilities through Battery Minerals Ltd, securing grants and achieving >80% lithium extraction from customer black masses.
* **Post-Period Highlights**
* **TDK Collaboration** Signed a full collaboration agreement with TDK Corporation for commercial pouch cell prototype development and manufacturing qualification within 12 months.
* **UK Government Grant** Secured £0.5 million grant from the UK Governments DRIVE35 programme for scaling up and validating Li-S technology with QinetiQ.
* **Successful Capital Raise** Raised £10.5 million in an oversubscribed capital raise, strengthening the balance sheet for future growth.
* **Future Focus**
* **Commercialization** Focus on commercializing sulfur battery technology through partnerships and prototype development.
* **Supply Chain Integration** Establish Gelion as a key player in the global battery supply chain.
* **Sustainability** Contribute to a more sustainable future by promoting the use of abundant and accessible materials in battery production.
**Financial Performance**
* **Revenue** £0.9 million from Integration Solutions, marking a significant milestone.
* **Total Income:** £2.7 milliona 36% increase YoY.
* **Adjusted EBITDA Loss** £4.1 million, a 15% reduction YoY, exceeding market expectations.
* **Operating Loss:** £6.0 milliona 25.7% narrowing YoY.
* **Balance Sheet** Strengthened through successful capital raise.
**Strategic Partnerships**
* **Max Planck Institute (MPI)** Collaboration on sulfur battery technology, leading to breakthroughs in Li-S and Na-S performance.
* **TDK Corporation** Full collaboration agreement for commercial pouch cell development and manufacturing.
* **QinetiQ** Partnership for scaling up and validating Li-S technology under the DRIVE35 programme.
**Looking Ahead**
Gelion PLC is well-positioned for future growth with its strong technological advancements, strategic partnerships, and strengthened financial position. The company aims to become a leading player in the global energy storage market by commercializing its innovative sulfur battery technology and contributing to a more sustainable future.
| Financial Metric | 2024 (£'000) | 2025 (£'000) | Change (£'000) | Change (%) |
|---|---|---|---|---|
| Total Income | 1,988 | 2,711 | 723 | 36.4% |
| Revenue from contracts with customers | 0 | 912 | 912 | N/A |
| Adjusted EBITDA Loss | (4,820) | (4,095) | 725 | 15.0% |
| Operating Loss | (8,105) | (6,023) | 2,082 | 25.7% |
| Cash and Cash Equivalents | 3,792 | 2,661 | (1,131) | (29.8%) |
| Total Debt (Lease Liabilities) | 8 | 45 | 37 | 462.5% |
Notes:
- Total Income increased by 36.4% due to the recognition of first revenue and continued reduction in Adjusted EBITDA losses.
- Revenue from contracts with customers is a new metric in 2025, reflecting the company's transition into a commercial revenue phase.
- Adjusted EBITDA Loss improved by 15.0% due to financial discipline and operational efficiency.
- Operating Loss narrowed by 25.7% due to continued progress in cost management and efficient execution of development programs.
- Cash and Cash Equivalents decreased by 29.8% due to continued support of operational activities.
- Total Debt increased significantly due to higher lease liabilities, but overall debt levels remain low.