AFC Energy Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:QC8 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
07 May 25	Buy€5,580	Gary Bullard	Individual	49,343	€0.11
07 May 25	Buy€36,595	John Wilson	Individual	304,617	€0.12
06 May 25	Buy€24,436	John Wilson	Individual	223,267	€0.11
06 May 25	Buy€18,595	Gary Bullard	Individual	155,657	€0.12
02 May 25	Buy€44,881	John Wilson	Individual	491,395	€0.091
01 May 25	Buy€17,661	Karl Bostock	Individual	193,374	€0.091
27 Mar 25	Buy€6,796	Gary Bullard	Individual	94,343	€0.072
26 Mar 25	Buy€24,193	Gary Bullard	Individual	350,000	€0.07
19 Mar 25	Buy€39,212	John Wilson	Individual	500,000	€0.078
19 Mar 25	Buy€75,474	Gary Bullard	Individual	1,000,000	€0.08
06 Feb 25	Buy€57,366	John Wilson	Individual	525,000	€0.11
06 Feb 25	Buy€27,314	Karl Bostock	Individual	250,000	€0.11
18 Nov 24	Buy€22,356	Gary Bullard	Individual	200,000	€0.11
04 Nov 24	Buy€54,366	Gary Bullard	Individual	500,000	€0.11

Insider Trading Volume

Insider Buying: QC8 insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of QC8?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	7,607,052	0.89%
Individual Insiders	8,146,387	0.954%
Public Companies	20,786,422	2.43%
General Public	107,960,227	12.6%
Institutions	709,857,718	83.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 76.62% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.3%	Hargreaves Lansdown Asset Management Ltd.	122,270,501	€15.4m	0%	0.04%
11.6%	Aberdeen Group Plc	98,848,071	€12.5m	0%	0.01%
6.05%	Janus Henderson Group plc	51,655,005	€6.5m	0%	no data
5.78%	HBOS Investment Fund Managers Limited	49,366,311	€6.2m	0%	0.04%
5.17%	DZ Bank AG, Asset Management Arm	44,189,699	€5.6m	0%	0.05%
4.52%	Barclays Bank PLC, Wealth and Investment Management Division	38,603,300	€4.9m	0%	0.04%
3.14%	ING Groep NV, Insurance and Banking Investments	26,787,121	€3.4m	0%	0.02%
2.67%	Commerzbank AG, Asset Management Arm	22,825,448	€2.9m	0%	0.03%
2.67%	HSBC Global Asset Management (UK) Limited	22,769,002	€2.9m	0%	no data
2.13%	Peel Hunt LLP., Asset Management Arm	18,166,244	€2.3m	0%	0.55%
1.92%	BNP Paribas, Private & Investment Banking Investments	16,401,884	€2.1m	0%	0.01%
1.76%	ABB Ltd	15,038,760	€1.9m	0%	no data
1.69%	M. D. Barnard & Co. Ltd., Asset Management Arm	14,422,360	€1.8m	0%	0.99%
1.68%	AXA Investment Managers S.A.	14,381,007	€1.8m	0%	no data
1.54%	IG Group Holdings Plc, Asset Management Arm	13,160,862	€1.7m	0%	0.13%
1.52%	Trade Republic Bank GmbH, Asset Management Arm	12,960,488	€1.6m	0%	0.72%
1.32%	biw Bank für Investments und Wertpapiere AG, Asset Management Arm	11,241,880	€1.4m	0%	0.57%
1.23%	Fiske Plc, Asset Management Arm	10,516,284	€1.3m	0%	0.44%
1.2%	Chelverton Asset Management Limited	10,273,800	€1.3m	0%	0.11%
1.09%	SIGNAL IDUNA Asset Management GmbH	9,300,000	€1.2m	0%	0.05%
0.86%	Morgan Stanley, Investment Banking and Brokerage Investments	7,362,238	€929.4k	0%	no data
0.83%	Deutsche Bank, Private Banking and Investment Banking Investments	7,075,438	€893.2k	0%	no data
0.71%	Van Eck Associates Corporation	6,051,621	€763.9k	0%	no data
0.64%	Charles Stanley & Co. Ltd, Asset Management Arm	5,506,621	€695.1k	0%	0.01%
0.63%	UBS Asset Management AG	5,405,303	€682.3k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/19 14:42
End of Day Share Price	2025/05/19 00:00
Earnings	2024/10/31
Annual Earnings	2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AFC Energy plc is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tom McColm	Allenby Capital Limited
Adam Forsyth	Cantor Fitzgerald Europe
Paul Singer	Edison Investment Research