Cash flow AFC Energy plc

Equities

AFC

GB00B18S7B29

Renewable Energy Equipment & Services

Market Closed - London S.E. Other stock markets 11:35:21 2026-01-21 am EST			5-day change	1st Jan Change
12.66 ^GBX	+4.63%		+0.48%	+24.12%

11:05am	Foxtons and Cloudbreak complete aquisitions	AN
04:02am	AFC Energy Completes First Build of LC30 Fuel Cell Generator	MT

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Published financial data: AFC ENERGY PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Revenues	-	593K	582K	227K	4M
Total Revenues	-	593K	582K	227K	4M
Cost of Goods Sold, Total	-	577K	467K	294K	5.87M
Gross Profit	-	15.97K	115K	-67K	-1.87M
Selling General & Admin Expenses, Total	4.64M	9.38M	8.9M	9.84M	15.57M
R&D Expenses	-	-	9M	8.49M	-
Depreciation & Amortization - (IS)	-	684K	1.16M	1.49M	2.48M
Amortization of Goodwill and Intangible Assets - (IS)	-	110K	474K	110K	81K
Other Operating Expenses	-32.89K	252K	193K	25K	-429K
Other Operating Expenses, Total	4.61M	10.42M	19.73M	19.95M	17.7M
Operating Income	-4.61M	-10.41M	-19.61M	-20.02M	-19.57M
Interest Expense, Total	-12.07K	-37.32K	-38K	-69K	-41K
Interest And Investment Income	6.17K	18.69K	143K	512K	316K
Net Interest Expenses	-5.9K	-18.63K	105K	443K	275K
Currency Exchange Gains (Loss)	-	-1.68K	21K	22K	-
Other Non Operating Income (Expenses)	-173K	-12.69K	-2K	-6K	-14K
EBT, Excl. Unusual Items	-4.78M	-10.44M	-19.49M	-19.56M	-19.31M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
EBT, Incl. Unusual Items	-4.78M	-10.44M	-19.49M	-19.56M	-19.31M
Income Tax Expense	-560K	-1.06M	-3.04M	-2.09M	-1.89M
Earnings From Continuing Operations	-4.22M	-9.38M	-16.45M	-17.48M	-17.42M
Net Income to Company	-4.22M	-9.38M	-16.45M	-17.48M	-17.42M
Net Income - (IS)	-4.22M	-9.38M	-16.45M	-17.48M	-17.42M
Net Income to Common Incl Extra Items	-4.22M	-9.38M	-16.45M	-17.48M	-17.42M
Net Income to Common Excl. Extra Items	-4.22M	-9.38M	-16.45M	-17.48M	-17.42M
Per Share Items
Net EPS - Basic	-0.01	-0.01	-0.02	-0.02	-0.02
Basic EPS - Continuing Operations	-0.01	-0.01	-0.02	-0.02	-0.02
Basic Weighted Average Shares Outstanding	529M	706M	735M	741M	785M
Net EPS - Diluted	-0.01	-0.01	-0.02	-0.02	-0.02
Diluted EPS - Continuing Operations	-0.01	-0.01	-0.02	-0.02	-0.02
Diluted Weighted Average Shares Outstanding	529M	706M	735M	741M	785M
Normalized Basic EPS	-0.01	-0.01	-0.02	-0.02	-0.02
Normalized Diluted EPS	-0.01	-0.01	-0.02	-0.02	-0.02
Supplemental Items
EBITDA	-4.35M	-9.86M	-18.18M	-18.81M	-17.45M
EBITA	-4.53M	-10.34M	-19.17M	-19.91M	-19.49M
EBIT	-4.61M	-10.41M	-19.61M	-20.02M	-19.57M
EBITDAR	-	-8.9M	-17.41M	-18.14M	-16.98M
Effective Tax Rate - (Ratio)	11.7	10.18	15.61	10.66	9.79
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-518K	-1.03M	-3.05M	-2.09M	-1.29M
Normalized Net Income	-2.99M	-6.53M	-12.18M	-12.23M	-12.07M
Interest on Long-Term Debt	12.07K	37.32K	38K	69K	41K
Supplemental Operating Expense Items
General and Administrative Expenses	4.64M	1.12M	3.95M	3.92M	4.35M
Research And Development Expense From Footnotes	1.58M	3.15M	9.05M	8.49M	9.51M
Net Rental Expense, Total	-	967K	772K	670K	461K
Imputed Operating Lease Interest Expense	-	495K	247K	349K	169K
Imputed Operating Lease Depreciation	-	472K	525K	321K	292K
Stock-Based Comp., SG&A Exp. (Total)	-	1.15M	1.68M	778K	1.46M
Stock-Based Comp., Other (Total)	136K	1.15M	-	-	-
Total Stock-Based Compensation	136K	2.3M	1.68M	778K	1.46M

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	31.3M	55.38M	40.22M	27.37M	15.37M
Total Cash And Short Term Investments	31.3M	55.38M	40.22M	27.37M	15.37M
Accounts Receivable, Total	-	299K	142K	107K	249K
Other Receivables	889K	1.96M	4.78M	2.69M	5.95M
Total Receivables	889K	2.26M	4.92M	2.8M	6.2M
Inventory	249K	661K	43K	178K	1.95M
Prepaid Expenses	155K	333K	314K	524K	2.05M
Restricted Cash	270K	612K	612K	258K	433K
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	32.86M	59.24M	46.11M	31.12M	26.01M
Gross Property Plant And Equipment	3.02M	5.99M	8.72M	10.4M	10.54M
Accumulated Depreciation	-1.84M	-2.84M	-4.46M	-5.54M	-5.57M
Net Property Plant And Equipment	1.19M	3.15M	4.26M	4.85M	4.96M
Long-term Investments	-	-	-	-	625K
Other Intangibles, Total	568K	591K	311K	264K	223K
Deferred Charges Long-Term	201K	155K	0	-	4.4M
Other Long-Term Assets, Total	-	-	-	-	348K
Total Assets	34.82M	63.14M	50.68M	36.24M	36.57M
Liabilities
Accounts Payable, Total	347K	353K	445K	931K	1.83M
Accrued Expenses, Total	540K	985K	1.25M	958K	857K
Current Portion of Leases	113K	322K	298K	477K	505K
Unearned Revenue Current, Total	-	-	1.6M	1.42M	1.8M
Other Current Liabilities	349K	358K	349K	416K	685K
Total Current Liabilities	1.35M	2.02M	3.94M	4.2M	5.68M
Long-Term Leases	146K	584K	698K	647K	159K
Other Non Current Liabilities	301K	654K	301K	301K	468K
Total Liabilities	1.8M	3.26M	4.94M	5.15M	6.3M
Common Stock, Total	676K	734K	735K	746K	854K
Additional Paid In Capital	81.42M	116M	116M	119M	134M
Retained Earnings	-50.58M	-59.75M	-75.56M	-91.96M	-109M
Comprehensive Income and Other	1.51M	2.46M	4.07M	3.78M	4.63M
Total Common Equity	33.02M	59.89M	45.74M	31.08M	30.27M
Total Equity	33.02M	59.89M	45.74M	31.08M	30.27M
Total Liabilities And Equity	34.82M	63.14M	50.68M	36.24M	36.57M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	676M	734M	735M	747M	854M
ECS Total Common Shares Outstanding	676M	734M	735M	747M	854M
Book Value / Share	0.05	0.08	0.06	0.04	0.04
Tangible Book Value	32.46M	59.3M	45.43M	30.82M	30.04M
Tangible Book Value Per Share	0.05	0.08	0.06	0.04	0.04
Total Debt	260K	906K	996K	1.12M	664K
Net Debt	-31.04M	-54.47M	-39.22M	-26.24M	-14.71M
Debt Equivalent Oper. Leases	-	7.74M	6.18M	5.36M	3.69M
Equity Method Investments, Total	-	-	-	-	625K
Account Code - Inventory Valuation	3	5	5	6	6
Inventories - Raw Materials, Total	-	453K	173K	185K	1.78M
Inventories - Work In Process, Total	-	208K	-	405K	615K
Inventories - Others	-	-	-	-	-
Machinery, Total	1.83M	2.18M	2.42M	3.87M	3.38M
Full Time Employees	30	40	115	120	136
Order Backlog	1.1M	-	-	26.6M	-

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	-4.22M	-9.38M	-16.45M	-17.48M	-17.42M
Depreciation & Amortization - CF	289K	782K	1.37M	1.55M	2.51M
Amortization of Goodwill and Intangible Assets - (CF)	79.88K	64.6K	439K	110K	81K
Depreciation & Amortization, Total	369K	846K	1.81M	1.66M	2.59M
Amortization of Deferred Charges, Total - (CF)	28.14K	45.81K	34K	-	-
(Gain) Loss From Sale Of Asset	-	3.69K	126K	35K	-
(Gain) Loss on Sale of Investments - (CF)	-80K	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	549K	-	-
Stock-Based Compensation (CF)	136K	1.15M	1.68M	778K	1.46M
Other Operating Activities, Total	78.73K	-1.04M	-3.15M	-2.44M	-2.39M
Change In Accounts Receivable	23.22K	-489K	-145K	-109K	-5.51M
Change In Inventories	-154K	-411K	618K	-135K	-1.77M
Change In Accounts Payable	569K	459K	1.95M	121K	1.23M
Change in Other Net Operating Assets	-10.96K	10.76K	193K	4.43M	2.89M
Cash from Operations	-3.27M	-8.81M	-12.78M	-13.14M	-18.91M
Capital Expenditure	-718K	-1.81M	-2.39M	-1.61M	-2.95M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Intangible assets	-171K	-86.79K	-334K	-63K	-4.44M
Investment in Marketable and Equity Securities, Total	80K	-	-	-	-625K
Other Investing Activities, Total	6.17K	18.69K	151K	428K	316K
Cash from Investing	-803K	-1.88M	-2.57M	-1.24M	-7.7M
Long-Term Debt Repaid, Total	-113K	-292K	-381K	-449K	-520K
Total Debt Repaid	-113K	-292K	-381K	-449K	-520K
Issuance of Common Stock	35.79M	36.44M	616K	2.04M	16.02M
Other Financing Activities, Total	-1.63M	-1.39M	-38K	-69K	-877K
Cash from Financing	34.04M	34.76M	197K	1.53M	14.62M
Net Change in Cash	29.97M	24.07M	-15.16M	-12.85M	-11.99M
Supplemental Items
Cash Interest Paid	-	37.32K	38K	69K	-
Cash Income Tax Paid (Refund)	-645K	-	-546K	-4.07M	-2.68M
Levered Free Cash Flow	-2.73M	-7.08M	-11.55M	-9.56M	-21.03M
Unlevered Free Cash Flow	-2.72M	-7.05M	-11.53M	-9.52M	-21.01M
Change In Net Working Capital	-512K	1.85M	74K	-2.22M	5.44M
Net Debt Issued / Repaid	-113K	-292K	-381K	-449K	-520K

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	-14.76	-13.28	-21.54	-28.79	-33.6
Return on Total Capital	-15.77	-13.83	-22.8	-31.7	-38.74
Return On Equity %	-23.55	-20.19	-31.14	-45.49	-56.78
Return on Common Equity	-23.55	-20.19	-31.14	-45.49	-56.78
Margin Analysis
Gross Profit Margin %	-	2.69	19.76	-29.52	-46.63
SG&A Margin	-	1.58K	1.53K	4.34K	388.98
EBITDA Margin %	-	-1.66K	-3.12K	-8.29K	-435.93
EBITA Margin %	-	-1.74K	-3.29K	-8.77K	-486.98
EBIT Margin %	-	-1.76K	-3.37K	-8.82K	-489.01
Income From Continuing Operations Margin %	-	-1.58K	-2.83K	-7.7K	-435.26
Net Income Margin %	-	-1.58K	-2.83K	-7.7K	-435.26
Net Avail. For Common Margin %	-	-1.58K	-2.83K	-7.7K	-435.26
Normalized Net Income Margin	-	-1.1K	-2.09K	-5.39K	-301.55
Levered Free Cash Flow Margin	-	-1.19K	-1.98K	-4.21K	-525.61
Unlevered Free Cash Flow Margin	-	-1.19K	-1.98K	-4.19K	-524.97
Asset Turnover
Asset Turnover	-	0.01	0.01	0.01	0.11
Fixed Assets Turnover	-	0.27	0.16	0.05	0.82
Receivables Turnover (Average Receivables)	-	-	2.64	1.82	22.48
Inventory Turnover (Average Inventory)	-	1.27	1.33	2.66	5.52
Short Term Liquidity
Current Ratio	24.34	29.36	11.7	7.4	4.58
Quick Ratio	23.84	28.56	11.45	7.17	3.8
Operating Cash Flow to Current Liabilities	-2.42	-4.36	-3.24	-3.12	-3.33
Days Sales Outstanding (Average Receivables)	-	-	138.29	200.19	16.28
Days Outstanding Inventory (Average Inventory)	-	287.92	275.12	137.19	66.3
Average Days Payable Outstanding	-	129.39	-964.47	585.36	66.06
Cash Conversion Cycle (Average Days)	-	-	1.38K	-247.99	16.52
Long Term Solvency
Total Debt/Equity	0.79	1.51	2.18	3.62	2.19
Total Debt / Total Capital	0.78	1.49	2.13	3.49	2.15
LT Debt/Equity	0.44	0.98	1.53	2.08	0.53
Long-Term Debt / Total Capital	0.44	0.96	1.49	2.01	0.51
Total Liabilities / Total Assets	5.16	5.16	9.75	14.22	17.24
EBIT / Interest Expense	-381.56	-278.89	-516.11	-290.14	-477.32
EBITDA / Interest Expense	-350.98	-256.21	-468.42	-266.03	-414.05
(EBITDA - Capex) / Interest Expense	-410.49	-304.75	-531.26	-289.32	-486.05
Total Debt / EBITDA	-0.06	-0.09	-0.06	-0.06	-0.04
Net Debt / EBITDA	7.33	5.7	2.2	1.43	0.87
Total Debt / (EBITDA - Capex)	-0.05	-0.08	-0.05	-0.06	-0.03
Net Debt / (EBITDA - Capex)	6.26	4.79	1.94	1.31	0.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-1.69	-61	1.66K
Gross Profit, 1 Yr. Growth %	-	-	666.67	-158.26	2.69K
EBITDA, 1 Yr. Growth %	27.57	126.7	84.24	3.48	-7.26
EBITA, 1 Yr. Growth %	28.18	128.53	85.32	3.84	-2.11
EBIT, 1 Yr. Growth %	29.15	125.97	88.4	2.08	-2.25
Earnings From Cont. Operations, 1 Yr. Growth %	48.2	121.97	75.37	6.26	-0.32
Net Income, 1 Yr. Growth %	48.2	121.97	75.37	6.26	-0.32
Normalized Net Income, 1 Yr. Growth %	32.19	118.23	86.65	0.37	-1.29
Diluted EPS Before Extra, 1 Yr. Growth %	17.3	66.26	68.42	5.36	-5.94
Accounts Receivable, 1 Yr. Growth %	-	-	-52.51	-24.65	132.71
Inventory, 1 Yr. Growth %	161.33	164.94	-93.49	313.95	994.38
Net Property, Plant and Equip., 1 Yr. Growth %	56.55	165.44	35.05	13.97	2.29
Total Assets, 1 Yr. Growth %	729.26	81.33	-19.74	-28.5	0.92
Tangible Book Value, 1 Yr. Growth %	1.25K	82.7	-23.39	-32.15	-2.52
Common Equity, 1 Yr. Growth %	1.06K	81.34	-23.62	-32.04	-2.63
Cash From Operations, 1 Yr. Growth %	33.86	170.61	45.12	2.8	43.93
Capital Expenditures, 1 Yr. Growth %	220.36	152.18	31.79	-32.71	83.7
Levered Free Cash Flow, 1 Yr. Growth %	12.15	172.7	40.32	-17.18	119.92
Unlevered Free Cash Flow, 1 Yr. Growth %	12.33	172.59	40.42	-17.39	120.65
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	-38.08	162.23
Gross Profit, 2 Yr. CAGR %	-	2.38K	-	111.34	302.82
EBITDA, 2 Yr. CAGR %	-4.89	70.06	104.4	38.07	-2.04
EBITA, 2 Yr. CAGR %	-4.17	71.15	105.81	38.72	0.82
EBIT, 2 Yr. CAGR %	-3.63	70.83	106.34	38.68	-0.11
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.16	81.37	97.3	36.51	2.92
Net Income, 2 Yr. CAGR %	-1.16	81.37	97.3	36.51	2.92
Normalized Net Income, 2 Yr. CAGR %	-1.78	69.85	101.82	36.88	-0.46
Diluted EPS Before Extra, 2 Yr. CAGR %	-14.91	39.65	67.34	33.21	-0.45
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-40.18	32.42
Inventory, 2 Yr. CAGR %	23.42	163.13	-58.47	-48.11	573.07
Net Property, Plant and Equip., 2 Yr. CAGR %	101.34	103.85	89.34	24.06	7.97
Total Assets, 2 Yr. CAGR %	157.25	287.77	20.64	-24.24	-15.05
Tangible Book Value, 2 Yr. CAGR %	189.35	397.02	18.31	-27.9	-18.67
Common Equity, 2 Yr. CAGR %	176.51	357.84	17.69	-27.95	-18.65
Cash From Operations, 2 Yr. CAGR %	-9.16	89.98	98.19	22.14	21.64
Capital Expenditures, 2 Yr. CAGR %	172.63	184.23	82.32	-5.83	11.18
Levered Free Cash Flow, 2 Yr. CAGR %	-3.01	70.48	110.95	7.8	34.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	-3.12	70.57	111.04	7.71	35.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	1.05K	-	-	89.08
Gross Profit, 3 Yr. CAGR %	-	-17.66	1.54K	-	399.2
EBITDA, 3 Yr. CAGR %	-6.3	27.05	74.68	62.9	20.92
EBITA, 3 Yr. CAGR %	-6.19	28.03	75.76	63.85	23.5
EBIT, 3 Yr. CAGR %	-5.8	28.03	76.51	63.19	23.42
Earnings From Cont. Operations, 3 Yr. CAGR %	-4.98	29.43	79.35	60.52	22.92
Net Income, 3 Yr. CAGR %	-4.98	29.43	79.35	60.52	22.92
Normalized Net Income, 3 Yr. CAGR %	-4.6	28.17	75.27	59.9	22.75
Diluted EPS Before Extra, 3 Yr. CAGR %	-16.21	6.38	48.65	43.43	18.62
Accounts Receivable, 3 Yr. CAGR %	-	41.02	-	-	-5.92
Inventory, 3 Yr. CAGR %	15.23	59.21	-23.33	-10.63	43.37
Net Property, Plant and Equip., 3 Yr. CAGR %	55.6	120.77	77.71	59.87	16.33
Total Assets, 3 Yr. CAGR %	55.53	128.94	129.38	1.34	-16.64
Tangible Book Value, 3 Yr. CAGR %	59.3	148.24	166.49	-1.71	-20.28
Common Equity, 3 Yr. CAGR %	57.76	140.24	152.03	-2	-20.34
Cash From Operations, 3 Yr. CAGR %	-4.08	30.55	73.67	59.24	29.01
Capital Expenditures, 3 Yr. CAGR %	81.52	165.64	120	30.78	17.67
Levered Free Cash Flow, 3 Yr. CAGR %	4.15	34.59	68.01	54.46	36.72
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.09	34.46	68.14	54.38	36.79
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-9.33	20.34	257.82	-
Gross Profit, 5 Yr. CAGR %	-	-55.51	-7.13	18.56	835.81
EBITDA, 5 Yr. CAGR %	-12.26	9.88	28	31.36	38.6
EBITA, 5 Yr. CAGR %	-12.06	10.54	28.45	32.21	40.73
EBIT, 5 Yr. CAGR %	-11.83	10.46	28.91	32.19	40.56
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.45	10.64	27.27	32.22	43.62
Net Income, 5 Yr. CAGR %	-2.45	10.64	27.27	32.22	43.62
Normalized Net Income, 5 Yr. CAGR %	-11.15	10.53	28.74	31.58	39.77
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.59	-6.49	10.5	16.39	26.63
Accounts Receivable, 5 Yr. CAGR %	-	-26.66	-27.82	0.07	-
Inventory, 5 Yr. CAGR %	2.59	34.35	-23.39	1.69	82.8
Net Property, Plant and Equip., 5 Yr. CAGR %	59.15	103.93	68.31	75.32	45.6
Total Assets, 5 Yr. CAGR %	36.72	59.05	40.5	47.1	54.17
Tangible Book Value, 5 Yr. CAGR %	43.81	67.06	41.43	51.39	65.77
Common Equity, 5 Yr. CAGR %	42.53	64.96	40.31	48.4	60.33
Cash From Operations, 5 Yr. CAGR %	-12.8	20.36	28.13	27.12	50.62
Capital Expenditures, 5 Yr. CAGR %	81.13	85.98	81.84	75.45	67.45
Levered Free Cash Flow, 5 Yr. CAGR %	-10.8	56.31	36.73	26.93	53.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	-10.85	56.26	36.7	26.83	54.01