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2025-01-24 16:00 RNS Number : 2762N irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=32154492&company-yuenergy Yu Group PLC 29 September 2021 Yü Group PLC ( the " Group " ) Results for the six months to 30 June 2021 CONTINUED STRONG PERFORMANCE DRIVING PROFITABLE GROWTH AHEAD OF MARKET EXPECTATIONS Yü Group PLC ( AIM ; YU . ) , the independent supplier of gas , electricity and water to the UK corporate sector , announces its unaudited half year results for the six months to 30 June 2021 . Bobby Kalar , Group Chief Executive Officer , said : " I am delighted to report a solid H1 performance with positive momentum continuing into H2 . I'm especially pleased to be delivering profitable growth as promised . With better than expected results for H1 2021 , it is clear our business model is more than delivering and we're on track to exceed market profitability forecasts . The Group's strength , maturity and discipline is now firmly stamped into its fabric and our drive to transform into a data driven , ' digital by default ' , business will further accelerate our growth and profitability . Building on the significant progress made over the past few years , our laser focus remains on gross margin improvement , lowering operational costs and further commercialising the order book . Our hedging strategy is solid and in line with our risk policies . The recent gas price and industry turbulence have had no material impact on the Group to date due to our robust hedging policy . We continue to explore acquisition opportunities that sit in our sweet spot and will further accelerate our growth strategy . I'd like to thank my amazing team and I look forward to the future with excitement and confidence . " Highlights Financial Six months to 30 June 2021 2020 £ ' 000 unless stated Revenue 65,816 45,873 Adjusted EBITDA¹ 478 ( 1,846 ) Profit / ( loss ) for the period 920 ( 1,711 ) Cash 11,473 17,886 Profit / ( loss ) per share : Adjusted 0.5p ( 10 ) p Statutory 6P ( 11 ) p Operational Average monthly bookings Meter points ( # ' 000 ) £ 9.6m 20.8 £ 6.2m 9.8 Revenue growth of 43 % to £ 65.8m ( H1 2020 : £ 45.9m ) driven by strong organic growth and recovery of customer demand . Profit for the period after tax of £ 0.9m , an increase of £ 2.6m year - on - year ( H1 2020 : £ 1.7m loss ) . Underlying profitability continues to see significant improvement , with adjusted EBITDA of £ 0.5m ( H1 2020 : £ 1.8m loss ) : ○ Gross margin increasing by 2.1 % to 7.8 % ( H1 2020 : 5.7 % ) . ○ Strong customer collection performance driving lower provision for bad debt . Ambitious organic growth strategy delivering results : О Average monthly bookings increased by 55 % to £ 9.6m ( H1 2020 : £ 6.2m ) . https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=32154492&company-yuenergy 1/16