Yü Group PLC Reports Solid FY25 Trading Update with Revenue Growth and Positive Outlook

Yü Group FY25 trading update: revenue growth, EBITDA in line, and a confident outlook

Yü Group has delivered a steady, no-drama trading update for the year ended 31 December 2025. Revenues are up, customer meter points have surged, and guidance is intact. This is the kind of update that signals operational control in a normalising market, rather than fireworks.

The headline: revenue is expected to be around £700 million for FY25, up from £646 million in FY24, with EBITDA in line with expectations. Cash generation remains strong and the dividend policy is supported. Management is also flagging a step up in investment for FY26 aimed at grabbing more market share, backed by what they call a very strong forward contract book.

Key numbers from Yü Group’s FY25 trading update

Metric	FY25 (guidance/statement)	FY24 (for comparison)
Revenue	c.£700m	£646m
Meter points supplied	c.48% YoY growth	Not disclosed
EBITDA	In line with expectations	Not disclosed
Market consensus EBITDA	£50.3m	Not applicable
Cash generation	Strong, broadly in line with outlook	Not disclosed
Dividend policy	Progressive policy supported	Not disclosed
Annual report publication	Tuesday 17 March 2026	–

What’s driving growth: customers up, prices normalised

The standout operational stat is meter points supplied up around 48% year on year, with continued progress in the equivalent volume of energy supplied. In plain English, Yü has grown its customer footprint significantly, which should be the foundation for more predictable revenue over time.

Revenue growth to c.£700 million comes despite wholesale energy prices having normalised. That matters. When prices fall back, suppliers can see top-line pressure unless they are adding customers or selling more services. Yü’s ability to grow revenue in that environment points to genuine organic progress rather than just riding high energy prices.

Profitability and cash: EBITDA on track, dividends supported

EBITDA is expected to be in line with market expectations. The RNS cites market consensus of £50.3 million. EBITDA is a shorthand measure of operating profitability before interest, tax, depreciation and amortisation. In-line guidance means no profit warning and no upgrade, which in the current market is solid.

Strong cash generation is highlighted as broadly in line with the outlook, and management reiterates support for a progressive dividend policy. We do not get a cash balance or free cash flow figure in this update, but the tone suggests working capital and credit risk remain under control.

FY26 strategy: stepping up investment to win market share

Yü plans to increase investment in FY26 to underpin growth and lift market share over the next three years. Further detail will come with the FY25 results in March. The CEO reiterates a medium term ambition of 6% market share.

Importantly, management says the forward contract book is very strong. A forward contract book is the pipeline of contracted energy supply with prices and volumes locked in ahead of delivery. That provides visibility on revenues and margins and should help manage risk in a normalised pricing environment.

Why this update matters for investors

• Customer momentum is real: c.48% growth in meter points is a robust indicator of organic expansion in the SME and corporate segment.
• Revenue resilience in a normal market: growing to c.£700 million with normalised wholesale prices suggests the top line is underpinned by volume gains, not just price.
• No surprises on profit: EBITDA in line with expectations avoids the two extremes investors dislike – downgrades or overpromising.
• Dividend underpinned by cash: strong cash generation and a reiterated progressive dividend policy signal balance sheet confidence.
• Clear growth plan: stepped-up investment in FY26, a strong forward book, and a 6% market share ambition provide a coherent story for the next phase.

What’s not disclosed (and worth watching)

• Margins and unit economics: no gross margin or EBITDA margin disclosed.
• Cash and debt detail: strong cash generation is stated, but no net cash or working capital figures.
• FY26 numbers: the strategy is outlined, but there is no quantitative FY26 guidance yet.
• Profit impact of investment: higher investment can temporarily weigh on margins, though management remains confident in meeting key KPIs in FY26.

Context: market positioning and hedging discipline

Yü positions itself as a leading energy supplier to UK SMEs and corporates, blending digital tools with personalised service. The company highlights a £50 billion plus addressable market and a robust hedging policy. Hedging refers to locking in prices to reduce exposure to volatile wholesale energy markets.

Over the last four years, Yü reports a compound annual growth rate of over 60% and significantly improved margins and profitability performance. It also launched Yü Smart in 2023 to capitalise on smart metering installation – a useful adjacency that likely supports the sharp uptick in meter points.

CEO tone: confident in normalised conditions

CEO Bobby Kalar describes Yü as delivering market leading growth in normalised market conditions and reiterates confidence in reaching a 6% market share. The tone is upbeat but measured, with thanks to the team and a promise to update shareholders in due course.

Dates to note: full FY25 results

Mark your diary for Tuesday 17 March 2026 for the FY25 annual report. That is when we should get the full financial statements, cash flow detail, and the more granular FY26 investment plan.

My take: steady execution with sensible ambition

This is a tidy update. Customer growth is strong, revenue has risen despite price normalisation, and EBITDA is on script. The cash and dividend signals are reassuring. The decision to invest harder in FY26 to win share feels sensible given a strong forward contract book, though we will need detail on spend, payback, and any near-term margin effects.

Overall, it reads as controlled execution with an eye on a bigger prize. If management can convert meter point growth into durable margins while keeping credit and hedging discipline tight, Yü’s medium term trajectory looks promising.