ITM Power Plc achieved record revenue in the first half of financial year '26, driven by increased demand for innovative hydrogen solutions, while maintaining a robust financial position.

• Achieved highest 6-month revenue performance, reflecting strong commercial activity and contract wins, including a significant order from RWE for 150 MW of NEPTUNE V capacity.
• Continued operational improvements resulted in a growing firm contracted order backlog with an increasing proportion of profitable contracts.
• Launch of the ALPHA 50 product shows promising early interest, alongside ongoing success with NEPTUNE V, fueling confidence in future sales growth.
• New Hydropulse business model positioned to generate stable recurring income through long-term hydrogen supply contracts, enhancing shareholder value.
• Recent project successes in Germany and the UK indicate strong momentum in key regions despite macroeconomic challenges.