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Eneraqua Technologies PLC on Monday said it expects to post a rise in revenue during its most recent financial year, but warns of ‘significant strain’ on its balance sheet in the year ahead.
The London-based energy and water efficiency solutions company said it expects to report revenue of £63 million for the year that ended January 31, and adjusted pretax profit in line with market expectations.
This would be a 17% growth in revenue from £53.8 million the year before. The firm recorded an adjusted pretax loss of £6.0 million in financial 2024.
Eneraqua said it secured a £7 million contract within its water division, which was ‘substantially’ completed in January 2025 and recognised in financial 2025 as accrued revenue.
The contract related to the installation of its control flow HL2024 technologies into homes to generate nutrient credits with payment from the counter-party linked to new home construction in the area.
Payments are expected to start ‘shortly’, as an unnamed, ‘well-known’ housebuilder begins development in the area.
Shares in Eneraqua Technologies fell 34% to 19.15 pence in London on Monday afternoon.
During financial 2026, Eneraqua said it has experienced ‘significant delays’ in the receipt of some client payments, and warns of ‘significant strain’ on its balance sheet and supply chain resulting from the deferral of energy projects.
‘The company is accordingly managing working capital closely and actively engaging its finance provider through its invoice discount facility, who have been supportive of the company. The company has also engaged advisers to assist in exploring opportunities for additional interim funding should it be required,’ Eneraqua added.
The firm is nearing the finalisation of a non-core subsidiary disposal, which would carry initial net proceeds of around £1 million, to be applied for general working capital purposes.
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