Advanced Innergy Reports £150.5m Revenue and £27.6m EBITDA in FY25

Corporate Restructure and ASX Listing

Advanced Innergy Holdings Ltd, trading as AIS, has marked a significant milestone by completing a corporate restructure and listing on the Australian Securities Exchange (ASX) on 31 October 2025. This restructure positioned Advanced Innergy Holdings Ltd as the ultimate holding company of the AIS Group, a global leader in advanced materials science technology serving critical infrastructure sectors.

Financial Performance Highlights

For the fiscal year ended 30 September 2025, the AIS Group reported a 10% increase in revenue, reaching £150.5 million, up from £136.8 million in 2024. This growth was driven by strong performances in both the Thermal and Subsea segments. The group also improved its gross margin to 36.3%, a notable rise from 31.6% the previous year, reflecting effective project cost control, better purchasing terms, and a favourable product mix.

Adjusted EBITDA climbed to £27.6 million, a substantial increase from £19.6 million in 2024, representing an EBITDA margin of 18.3%. Operating profit nearly doubled to £18.1 million, underscoring the group's enhanced operational efficiency despite revenue growth. Earnings per share improved to £0.52 basic and diluted, although the company cautions that EPS figures may not be directly comparable to prior periods due to capital structure changes associated with the listing.

Strategic Acquisitions and Expansion

During the year, AIS expanded its capabilities through the acquisition of Ovun AS, a move that significantly increased its marine sector capacity. The integration of Ovun AS has progressed well, with management anticipating further cross-selling opportunities and cost synergies in the coming year. Additionally, the acquisition of Advanced Innergy Testing Ltd added complementary capabilities, although its financial impact was less material.

The group's forward order book grew to £106.4 million, reflecting strong demand and confidence in AIS’s offerings across key markets. This robust pipeline, combined with emerging opportunities in electric vehicle battery protection products, positions the group well for continued growth.

Financial Position and Outlook

To support its acquisition strategy and operational expansion, AIS increased its long-term borrowings to £44.3 million. The group also enhanced its revolving credit facility to bolster working capital, resulting in a healthy cash balance of £17.8 million at year-end. Working capital management and improved contracting terms contributed to this positive cash flow.

Despite reporting a statutory loss of $151,596 for the pre-listing dormant period, the proforma financials reflect a strong underlying business. The company did not declare any dividends during the period, with future dividend policy yet to be determined.

Looking ahead, AIS’s listing on the ASX is expected to provide greater access to capital, supporting its acquisition-led growth strategy and reinforcing its position as a leader in advanced materials for critical infrastructure.