Financial reports

Un-audited Preliminary Results for the 12 months ended 31 December 2015

Rising customer demand and investment in 2015 supports outlook for growth

“Good Energy has seen significant growth during the last 12 months. It has continued to deliver against its strategic business plan – investing in systems and assets, and driving growth across all sectors of its customer base.

“At the same time, the company has demonstrated high levels of flexibility and nimbleness in adapting its business approach to reflect the changes in Government energy policy, successfully delivering growth against this challenging backdrop.

“I’m confident that Good Energy is well placed to continue to deliver on its growth plans, through responding to the needs of the market and adapting to the changes in the energy policy landscape.”

Juliet Davenport OBE, Chief Executive

Good Energy, the AIM listed renewable electricity supplier and generator, announces its unaudited preliminary results for the 12 months ended 31 December 2015.

KEY HIGHLIGHTS:

Financial summary

Year ended 31 December

2015

2014

Change

Revenue

£64.3m

£57.6m

12%

Gross profit

£21.3m

£18.8m

13%

EBITDA

£7.3m

£5.7m

28%

Profit before tax

£0.1m

£1.3m

-92%

Cash balance

£4.8m

£13.7m

-65%

Net debt

£54.0m

£32.6m

66%

Basic (loss)/earnings per share (p.)

(1.4p)

12.6p

-

Final dividend per share (p.)

2.3p

2.3p

0%

Full year dividend per share (p.)

3.3p

3.3p

0%

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