EARNZ plc (LSE:EARN) has reported that its first full-year results for the period to 31 December 2025 are in line with market expectations, marking a solid performance around 18 months after the company’s formation in 2024 and the rollout of its buy-and-build strategy. Over the period, the group successfully integrated its 2024 acquisitions of Cosgrove & Drew and South West Heating Services, both of which exceeded consolidated forecasts during 2025.
The 2025 acquisition of A&D Carbon Solutions has also contributed positively, supporting delivery of a major retrofit and renewables contract in Bradford while extending the group’s footprint into commercial solar projects. In parallel, EARNZ launched National Retrofit Solutions to target insurance-led insulation work, alongside Warm Low Living, which is focused on regional public-sector retrofit programmes. More recently, the group has secured additional public-sector contract awards in Dorset and Leeds, which management expects to support sustainable, long-term growth, despite the significant capital investment made into acquisitions and new subsidiaries since listing in August 2024.
From an investment perspective, the company’s outlook remains weighed down by weak financial performance and challenging valuation metrics, reflecting ongoing pressure on profitability and cash flow management. Technical indicators also point to bearish sentiment. While recent corporate progress and contract wins provide some encouragement, they are currently insufficient to fully counterbalance the underlying financial and technical headwinds.
More about EARNZ plc
EARNZ plc is a UK-listed group operating in the energy efficiency and retrofit market. The company provides insulation and ventilation upgrades, renewable energy solutions and commercial solar installations, serving residential and non-residential property portfolios across public sector, private sector and insurance-backed markets.
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