New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (UK£3.0m net loss in 3 years). Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (€24.9m market cap, or US$29.4m). Announcement • Jan 19
Ampeak Energy Limited Receives Section 36 Consent for the Company's Mey BESS Battery Storage Project in the North of Scotland Ampeak Energy announced that it has received notification from the Energy Consents Unit that Scottish Ministers have granted Section 36 consent for the Company's Mey BESS battery storage project in the North of Scotland (the "Mey BESS Project"). The Consent permits the development of a battery energy storage facility with an installed capacity of up to 300MW/1,200MWh, comprising containerised battery units and ancillary infrastructure. The Consent is subject to standard conditions and is accompanied by deemed planning permission under Section 57(2) of the Town and Country Planning (Scotland) Act 1997. Ampeak Energy is working towards achieving financial close on the Mey BESS Project in 2027/2028, with an operational date targeted for end of 2029, in line with the current grid connection programme. The Company will leverage its expertise, learnings and relationships gained from financially closing and building the 240MWh AW1 project at Uskmouth into delivering the Mey BESS Project. The Mey BESS Project, along with Ampeak Energy's battery projects at Uskmouth, Wales, represents a portfolio of 2.93 GWh of consented battery storage projects. Board Change • Oct 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 26
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: UK£19m Forecast net loss in 3 years: UK£3.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£3.0m net loss in 3 years). Market cap is less than US$100m (€18.2m market cap, or US$21.3m). Board Change • Sep 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 30
SIMEC Atlantis Energy Limited, Annual General Meeting, Jul 31, 2025 SIMEC Atlantis Energy Limited, Annual General Meeting, Jul 31, 2025. Board Change • May 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shares are highly illiquid. Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€19.7m market cap, or US$22.4m). Board Change • Apr 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 79% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 79% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (€16.2m market cap, or US$17.4m). Reported Earnings • Jun 27
Full year 2023 earnings released: EPS: UK£0.035 (vs UK£0.013 loss in FY 2022) Full year 2023 results: EPS: UK£0.035 (up from UK£0.013 loss in FY 2022). Revenue: UK£43.5m (up UK£37.4m from FY 2022). Net income: UK£25.4m (up UK£35.0m from FY 2022). Profit margin: 58% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Jun 26
SIMEC Atlantis Energy Limited, Annual General Meeting, Jul 18, 2024 SIMEC Atlantis Energy Limited, Annual General Meeting, Jul 18, 2024. Location: the offices of ashurst llp, london fruit and wool exchange, 1 duval square, e1 6pw, london United Kingdom Board Change • May 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (€7.61m market cap, or US$8.10m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Board Change • Feb 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.28m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (€9.28m market cap, or US$9.97m). Minor Risk Large one-off items impacting financial results. Board Change • Dec 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 26
SIMEC Atlantis Energy Limited, Annual General Meeting, Aug 11, 2023 SIMEC Atlantis Energy Limited, Annual General Meeting, Aug 11, 2023, at 10:00 Coordinated Universal Time. Announcement • Jul 06
SIMEC Atlantis Energy Limited Announces the Successful Deployment of 'Turbine 2' At the MeyGen Site SIMEC Atlantis Energy Limited announced the successful deployment of 'Turbine 2' at the MeyGen site. The turbine has undergone significant upgrades to improve performance and reliability. One of the major steps was to convert the turbine to use a wet-mate connection system. This dramatically reduces costs and time for future maintenance work. This innovation has been a key development in ensuring the next phase of turbines deployed at the MeyGen site are the most advanced and deliver the best performance in the industry. This innovation wouldn't have been possible without the support of the EU-funded, Tidal Stream Industry Energiser Project, known as TIGER. As a demonstrator project, the lessons learnt, improvements and inovations are key to unlocking commercial and scalable projects. With this in mind, SAE has made the decision to bring forward the reshoring of 'Turbine 4' to allow for preventative maintenance and upgrade work. This will also continue to allow SAE to drive the improvements, learning and data needed to unlock the next phase of turbines at the MeyGen site. Board Change • Jun 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Group CFO & Executive Director Simon Hirst was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
SAE Appoints Mark Evans as Project Development Director SAE announced the appointment of Mr. Mark Evans as Project Development Director. Mark brings over 20 years of renewable energy development and delivery experience, including the development of over 1 GW of wind projects. Mark brings to the team a proven track record of successfully delivering major renewable projects as well as a passion for tidal energy. Announcement • Oct 22
The business’ own management team agreed to acquire an unknown majority stake in Advanced Tidal Engineering and Services (ATES) division from SIMEC Atlantis Energy Limited (AIM:SAE). The business’ own management team agreed to acquire an unknown majority stake in Advanced Tidal Engineering and Services (ATES) division from SIMEC Atlantis Energy Limited (AIM:SAE) on October 21, 2022. Atlantis is keeping a minority stake in the business, which will be known as Proteus Marine Renewables following the transaction. Reported Earnings • Sep 30
First half 2022 earnings released: UK£0.01 loss per share (vs UK£0.021 loss in 1H 2021) First half 2022 results: UK£0.01 loss per share (improved from UK£0.021 loss in 1H 2021). Net loss: UK£7.86m (loss narrowed 28% from 1H 2021). Announcement • Aug 30
SIMEC Atlantis Energy Limited Achieves Milestone in BESS Project Delivery SIMEC ATLANTIS ENERGY LIMITED is to announced that it has secured the necessary grid variations for the 230MW /460MWh battery energy storage system at the Uskmouth site and has completed the novation of the grid connection agreement. With excellent progress being made, the project is on track to be operational by 2024. SAE announced on 24 May 2022 that it had entered into an agreement with Energy Optimisation Solutions and Quinbrook Infrastructure Partners via their portfolio company Uskmouth Energy Storage Limited to deliver a 230MW /460MWh battery energy storage system at the Uskmouth site. The announcement further noted that the project was expected to deliver approximately £40 million in revenue to the Company over 30-years, of which approximately £11 million was expected to be paid within 18 months, subject to the achievement of certain milestones, the first of which was the novation of the grid connection agreement which has now been completed. SAE is also to announce, following the novation of the grid connection agreement to EOS, that it has received an initial £6m payment from UES, which is in the form of a loan. The loan is interest-free over the period of the option agreement and will be repaid from the £6m development premium that is payable on the award of planning. Planning is well progressed with the planning application for the project having now been submitted. Planning permission is expected to be awarded in Fourth Quarter 2022. A further £4 million development premium will be received on financial close of the project and entry to the lease. The financial close is scheduled for First Quarter 2023. As part of this transaction, a £2 million convertible loan from SIMEC Group, an approximately 29.7% shareholder in the Company, has been repaid. SAE now has no loans outstanding with any SIMEC Group company. SAE announced on 22nd March 2022 entry into a Heads of Terms with the SIMEC Group which committed SAE to establish a new company owned 85% by SAE and 15% by the SIMEC Group to hold the land and assets required to progress sustainable energy projects at the Uskmouth site. SAE announced the entry into the necessary Shareholder Agreement and land agreements required to fulfil the Heads of Terms and which will be utilised to share the revenues from the BESS project in proportion to the SPV shareholding. It should be noted that the £2m convertible loan being repaid to Simec Group is netted off their 15% revenue share. SAE continues to focus on its three core objectives: delivering maximum value from the Uskmouth site; delivering the next phases of the MeyGen project; and developing international opportunities for its coal-fired power station fuel pellet conversion business. Todays' announcement is a key next step in delivering value from the Uskmouth site. SAE has further land and infrastructure available at the Uskmouth site and is progressing further BESS projects and exploring other energy projects to deliver maximum value from the Uskmouth site for stakeholders. SAE will continue to update the market as these initiatives progress. Securing Government support through the recently awarded Contract for Difference for a further 28 MW of tidal stream power at the MeyGen site was a significant milestone for the Company. SAE confirms MeyGen entered the CFD with the Low Carbon Contracts Company on 28th July 2022. Within 20 business days of entering the CFD, MeyGen was required to satisfy a number of Conditions Precedent to ratify the agreement with the LCCC. SAE can now confirm this first contractual milestone has been fulfilled. MeyGen is already the home of the larger tidal stream array, the world's most powerful tidal stream turbines, and the larger consented tidal stream site. At the end of 2021, MeyGen accounted for 75% of the total global tidal stream output, a huge achievement for this landmark project. With the potential to expand up to almost 400 MW of installed capacity, this is a site that can deliver tidal stream at scale, at a cost equivalent to nuclear, and with the only predictable renewable generation available today. SAE is working to achieve the CFD timeline, which will result in the Milestone Delivery Date being achieved in First Quarter 2024 and financial close later in that year. The expertise that the Company gained in the development of the Uskmouth conversion project has significant value and the opportunity to be applied to other coal conversion projects. SAE has a ready-made solution to address the increasing challenges relating to energy security, electricity price, and the continued need to find alternative low carbon solutions to coal. SAE has identified, a number of coal conversion opportunities in Europe to which to apply the expertise it gained at Uskmouth. SAE will continue to explore these opportunities. Announcement • Aug 19
Andrew Dagley Retires from the Board of Directors of SAE SAE announced that Mr. Andrew Dagley has retired his position on the Board of Directors with immediate effect. Announcement • Aug 06
SIMEC Atlantis Energy Limited, Annual General Meeting, Aug 18, 2022 SIMEC Atlantis Energy Limited, Annual General Meeting, Aug 18, 2022, at 10:00 Coordinated Universal Time. Location: Ashurst LLP, London Fruit & Wool Exchange 1 Duval Square London United Kingdom Reported Earnings • Jun 30
Full year 2021 earnings released: UK£0.12 loss per share (vs UK£0.042 loss in FY 2020) Full year 2021 results: UK£0.12 loss per share (down from UK£0.042 loss in FY 2020). Revenue: UK£9.30m (down 29% from FY 2020). Net loss: UK£67.6m (loss widened 254% from FY 2020). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Group CFO & Executive Director Andrew Charters was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 14
Vh Auslandsbeteiligungen Gmbh and Alex Reading agreed to acquire SIMEC Green Highland Renewables for £3 million. Vh Auslandsbeteiligungen Gmbh and Alex Reading agreed to acquire SIMEC Green Highland Renewables for £3 million on December 13, 2021. Vh Auslandsbeteiligungen Gmbh will acquire 90% of interest in GHR and Alex Reading will acquire a 10% interest. GHR's pre-tax profit was £0.8 million in 2020 and its net assets as at 30 June 2021 were £2.3 million. Board Change • Nov 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Chairman Duncan Stuart Black was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 04
First half 2021 earnings released: UK£0.021 loss per share (vs UK£0.014 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: UK£5.90m (down 27% from 1H 2020). Net loss: UK£10.9m (loss widened 86% from 1H 2020). Board Change • Oct 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Chairman Duncan Stuart Black was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 01
SIMEC Atlantis Energy Limited has completed a Follow-on Equity Offering in the amount of £2.6 million. SIMEC Atlantis Energy Limited has completed a Follow-on Equity Offering in the amount of £2.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 104,000,000
Price\Range: £0.025
Transaction Features: Subsequent Direct Listing Executive Departure • Aug 25
Independent Non-Executive Chairman John Neill has left the company On the 18th of August, John Neill's tenure as Independent Non-Executive Chairman ended after 7.7 years in the role. We don't have any record of a personal shareholding under John's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Jul 03
Full year 2020 earnings released: UK£0.04 loss per share (vs UK£0.084 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: UK£12.2m (up 152% from FY 2019). Net loss: UK£19.1m (loss narrowed 45% from FY 2019). Announcement • Feb 16
SIMEC Atlantis Energy Limited Achieves the Installation and Generation of Tidal Turbine in Japan SIMEC Atlantis Energy Limited announced that its Scottish built tidal turbine and generation equipment have been successfully installed in the Goto Island chain in Japan. The tidal turbine clocked its first 10MWh of generation within the first ten days of operation and is now producing clean electricity in Japan. The project included leasing tidal generation equipment and providing offshore construction services to Kyuden Mirai Energy ("KME") for a pilot turbine located in the straits of Naru Island, within the southern Japanese Goto island chain. The SAE designed and manufactured AR500 tidal turbine was assembled at SAE's operations and maintenance base at Nigg Energy Park in Scotland. The turbine was assembled and tested in nine weeks before shipping to Japan. Offshore construction of the tidal generation equipment took just five days to complete, beginning with the laying of the cable, landing of the foundation structure and ballast to the sea floor, connection of the cable, and finally the installation of the turbine to the foundation. 
