Can Advanced Innergy Holdings Sustain Momentum After ASX Listing and Acquisitions?

Strong Financial Performance in FY25

Advanced Innergy Holdings Ltd (AIH), a global leader in advanced materials science for energy and industrial sectors, has reported a robust set of audited financial results for the year ended 30 September 2025. The Group achieved revenue of £150.5 million, representing a 10% increase over the prior year. This growth was driven by strong performances in both the Thermal and Subsea segments, supported by disciplined project cost control and an improved product mix that lifted gross margins to 36.3% from 31.6% in FY24.

Adjusted EBITDA rose sharply by 41% to £27.6 million, reflecting operational leverage and stable overheads despite the revenue growth. The Group’s profit after tax climbed to £10.6 million, more than doubling the previous year’s figure, underscoring improved profitability and effective cost management.

Strategic Acquisitions Bolster Market Position

During FY25, AIH completed two key acquisitions – Ovun AS and Advanced Innergy Testing Ltd. The acquisition of Ovun AS, finalized in September 2025, significantly enhanced the Group’s marine capacity and is expected to unlock cross-selling opportunities and cost synergies. Advanced Innergy Testing Ltd, acquired in April 2025, further diversified the Group’s product and service offerings.

These acquisitions contributed to an expanded order book, which grew to £106.4 million by year-end, reflecting increased demand and the Group’s strengthened market footprint across 13 countries. The integration of these businesses is progressing well, positioning AIH for continued growth in core and emerging markets.

Outlook and ASX Listing

AIH reconfirmed its FY26 guidance, targeting underlying revenue of £387.9 million and EBITDA of £62.3 million. The Company anticipates revenue to be weighted towards the second half of the financial year due to contract phasing. Ongoing investments in research and development remain a strategic priority, supporting innovation in energy transition technologies and new product development for renewable energy and automotive sectors.

Following a corporate restructure, AIH successfully listed on the Australian Securities Exchange (ASX) on 31 October 2025. This milestone provides the Group with enhanced access to capital markets to support its acquisition strategy and growth ambitions. The listing also reflects AIH’s commitment to strong corporate governance and stakeholder engagement, as highlighted in its strategic report.

Sustainability and Governance

Environmental reporting disclosed a modest increase in total carbon emissions, but the Group continues to implement energy-saving initiatives and develop a comprehensive carbon reduction strategy. Directors emphasized the importance of balancing long-term value creation with social responsibility, maintaining high standards of business conduct, and fostering strong relationships with employees, customers, and suppliers.

The audited financial statements received an unqualified opinion from Grant Thornton UK LLP, with no material uncertainties regarding the Group’s ability to continue as a going concern. Strong working capital controls and increased cash reserves underpin the Group’s financial stability.