AIM-listed energy-as-a-service provider eEnergy has reported annual revenue of £23 million (down from £25.1m), with £4m of previously anticipated FY25 revenue now expected to be recognised in H1 2026.

Despite the top-line dip, adjusted EBITDA jumped 183% to £1.7m, supported by an optimised cost base, improved operating efficiencies and a higher gross margin of 35.3%.

The London-based company ended the year with a record £14m contracted and awarded forward order book, double the level at the start of FY25, alongside an “investment grade” pipeline of £127m.

The board has upgraded FY26 expectations to £34m revenue and £4.5m adjusted EBITDA.