ITM Power Sets October 19 Results Date After Trimming Annual Loss Guidance by 27%

ITM Power expects an adjusted EBITDA loss of £20m-£21m for FY ended April 30, 2026, a 27% improvement, with full-year results due October 19.

ITM Power has narrowed its loss expectations for the fiscal year ended April 30, 2026, telling investors to expect an adjusted EBITDA loss of £20m to £21m — a 27% improvement on its previous forecast. Revenue and cash targets were left untouched, a combination the company presented as evidence that cost discipline is gaining traction without any retreat from its top-line ambitions.

The update lands with the hydrogen specialist still working through a broader financial consolidation. Even with the operating shortfall set to shrink by more than a third year on year, getting the balance sheet into shape remains the defining task.

A Date for the Books

Preliminary full-year figures will be published on October 19, 2026. That release will be the first hard look at how the trimmed loss guidance translates into the actual accounts, and it is shaping up to be the main reference point for investors over the coming weeks.

The annual general meeting follows on October 30, 2026 — but with an unusual twist. The annual report and financial statements will not be put before shareholders at that gathering. Formal presentation of those documents has been pushed to a separate meeting to be held later. The split arrangement puts a governance quirk at the center of an otherwise routine corporate calendar.

A Custodian Sale, Not a Management Call

One administrative item also drew attention. Amy Grey, the company's finance chief, saw a small number of shares sold from her holding by her custodian bank to settle account administration fees. The disposal covered 111 ordinary shares at £1.0053 apiece on October 1, executed without Grey's instruction or prior knowledge. ITM Power flagged the transaction as an exceptional circumstance under UK market abuse rules — an administrative step by the depositary rather than any strategic decision by management to reduce exposure.

Deliveries Land, the Stock Slips

Operational news has been steady, if not always rewarded. Roughly three weeks ago ITM Power shipped electrolyser stacks, and the shares have since given up 9.1%. A little over a month ago came word of first green hydrogen production at Lingen, followed by a 9.8% decline. Around the same period, the company confirmed a grant approval while executives added to their holdings — announcements that nonetheless coincided with further double-digit percentage losses.

Where the Shares Stand

The stock closed at €1.09 on Thursday, up 2.5%, with the guidance revision credited as the trigger. By Friday it had edged higher to €1.11, a gain of 1.7% on the day, helped according to press reports by a broadly friendlier mood across the sector. Since the start of the year, ITM Power is up 53% — a rally that has weathered the recent pullbacks and leaves the October 19 accounts as the next real test of whether the improved loss trajectory holds up in the final numbers.