PROGRESSIVE: Earnz- ‘Step change’ deal announced

3 days ago

Research on EARNZ PLC (EARN:LON) from Progressive Equity Research

EARNZ yesterday evening announced H1 results to 30 June 2026, showing a 79% increase in revenue to £8.4m and a small EBITDA loss of £0.4m. The ‘buy and build’ energy services group also announced the conditional acquisition of certain assets of profitable London-based GEM Environmental Services for a maximum consideration of £23.6m over two years. EARNZ expects it to be earnings accretive in the first full year of ownership and a ‘step change’ in building a ‘c.£130m turnover business with a double digit EBITDA margin’.

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