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). Market cap is less than US$100m (UK£21.7m 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. Reported Earnings • Sep 29
First half 2025 earnings released: UK£0.006 loss per share (vs UK£0.007 loss in 1H 2024) First half 2025 results: UK£0.006 loss per share (improved from UK£0.007 loss in 1H 2024). Net loss: UK£4.56m (loss narrowed 16% from 1H 2024). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 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 Share price has been highly volatile over the past 3 months (41% average weekly change). 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 (UK£15.9m market cap, or US$21.3m). Major Estimate Revision • Aug 28
Consensus revenue estimates increase by 66% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from UK£9.18m to UK£15.2m. EPS estimate unchanged from -UK£0.013 at last update. Electrical industry in the United Kingdom expected to see average net income growth of 22% next year. Consensus price target up from UK£0.023 to UK£0.035. Share price rose 2.4% to UK£0.026 over the past week. New Risk • Jul 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (UK£17.0m market cap, or US$22.9m). Reported Earnings • Jun 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: UK£0.03 loss per share (down from UK£0.035 profit in FY 2023). Revenue: UK£15.1m (down 1.1% from FY 2023). Net loss: UK£20.1m (down 179% from profit in FY 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 83%. Revenue is expected to decline by 6.3% p.a. on average during the next 3 years, while revenues in the Electrical industry in the United Kingdom are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
SIMEC Atlantis Energy Limited, Annual General Meeting, Jul 31, 2025 SIMEC Atlantis Energy Limited, Annual General Meeting, Jul 31, 2025. 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). 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). Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (UK£17.0m market cap, or US$22.2m). Major Estimate Revision • Oct 03
Consensus EPS estimates fall by 145% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from UK£16.2m to UK£14.8m. Losses expected to increase from UK£0.0068 per share to UK£0.017. Electrical industry in the United Kingdom expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at UK£0.019. Share price fell 9.3% to UK£0.019 over the past week. Reported Earnings • Sep 27
First half 2024 earnings released: UK£0.007 loss per share (vs UK£0.007 profit in 1H 2023) First half 2024 results: UK£0.007 loss per share (down from UK£0.007 profit in 1H 2023). Revenue: UK£12.1m (down 6.6% from 1H 2023). Net loss: UK£5.42m (down 204% from profit in 1H 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 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). Share price has been highly volatile over the past 3 months (36% average weekly change). 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 (UK£15.5m market cap, or US$19.7m). 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 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). Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (UK£6.51m 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. New Risk • Feb 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.95m (US$10.00m) 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). Share price has been highly volatile over the past 3 months (15% average weekly change). Market cap is less than US$10m (UK£7.95m market cap, or US$10.00m). Minor Risk Large one-off items impacting financial results. New Risk • Dec 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (UK£8.31m market cap, or US$10.6m). Reported Earnings • Sep 29
First half 2023 earnings released: EPS: UK£0.007 (vs UK£0.011 loss in 1H 2022) First half 2023 results: EPS: UK£0.007 (up from UK£0.011 loss in 1H 2022). Revenue: UK£12.9m (up 277% from 1H 2022). Net income: UK£5.23m (up UK£13.1m from 1H 2022). Profit margin: 40% (up from net loss in 1H 2022). New Risk • Jul 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£5.5m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£8.49m market cap, or US$10.9m). 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. Board Change • Jul 26
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 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. New Risk • Jun 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (UK£7.41m market cap, or US$9.48m). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Share price has been volatile over the past 3 months (7.2% average weekly change). Board Change • Nov 16
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. 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). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. 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). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. 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. Reported Earnings • Oct 01
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). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. 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 02
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). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Dec 23
Atlantis Announces Joint Venture Agreement with N+P Group Atlantis announced it has now formally entered into a joint venture agreement with the Netherlands based N+P Group. This follows the announcement on 7 August 2020 of the signing of Heads of Terms. Atlantis owns 50% of the new company, NPA Fuels Limited (NPA). NPA will produce, market, and deliver waste derived fuel products to converted coal fired power station operators throughout the UK, and the Uskmouth project. NPA will produce Subcoal®, a high-quality waste derived fuel product for sale to Atlantis owned assets as well as to other converted UK coal fired power stations. As per the operational update on 9 December 2020, NPA is now driving forward planning, permitting and consenting for multiple fuel production plants ("FPPs") in the UK. The Company is currently negotiating land and rail rights at several different locations across the UK, including both greenfield and existing facilities. Atlantis will update the market on progress when appropriate. Announcement • Oct 14
SIMEC Atlantis Energy Limited Announces Management Changes SIMEC Atlantis Energy Limited announce the appointment of Duncan Black as a Non-Executive Director, with immediate effect, and the appointment of Stephen Hodges as Special Adviser to the Atlantis Board of Directors. The Company confirms that, further to the announcement on 27 July 2020, Ian Wakelin has now stepped down from his non-executive Board position. Duncan brings a wealth of experience in leading investment groups, advisory firms and power companies within the UK, Asia and Australia. Duncan has formerly held the positions of Co-Head, Infrastructure Investment, at Eastspring Investments (part of Prudential plc), Asia Head of Acquisitions at Deutsche Asset Management, CFO of CLP Holdings' Australian electricity and gas utility business, EnergyAustralia, and Head of Finance and Development at InterGen in Asia Pacific. Having previously held the position of CFO of Atlantis, and a NED of the Board up until 2018, Duncan has a deep understanding of the Company, while his contacts and knowledge of the Asian power and infrastructure markets will allow Atlantis to pursue expansion opportunities presented by our project partners in Japan and South Korea. Duncan will also take up the position of chair of the Audit Committee, a committee on which he served previously, and a member of the Nomination Committee, where he will bring significant experience and expertise. Stephen is a waste sector specialist who most recently held the position of Director of Engineering at Viridor Waste Management Ltd. His knowledge of the UK waste and waste to energy sector will be very valuable to both the Board of Directors in his role as Special Advisor as well as to the Executive Management Team as a member of the Technical Committee. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of UK£29.3m, with losses widening by 16% from the prior year. Total revenue was UK£12.8m over the last 12 months, up 219% from the prior year. Announcement • Aug 07
SIMEC Atlantis Energy Limited has completed a Follow-on Equity Offering in the amount of £7.5 million. SIMEC Atlantis Energy Limited has completed a Follow-on Equity Offering in the amount of £7.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 62,499,999
Price\Range: £0.12
Transaction Features: Regulation S; Subsequent Direct Listing 
