Earnz ends first full listed year as expected

12th Jan 2026 13:12

(Sharecast News) - Earnz said in an update on Monday that trading for its first full year as a listed company was in line with expectations, marking a successful period of expansion following its admission to AIM in August 2024.

The group reported that the year ended 31 December capped a strong 18 months since its inception in 2024, during which it executed a buy-and-build strategy focused on energy efficiency, retrofit and renewable services.

Initial acquisitions of Cosgrove & Drew and South West Heating Services in August 2024 outperformed the group's consolidated forecasts in 2025 following completion.

In July last year, Earnz acquired A&D Carbon Solutions, which subsequently secured a significant contract to deliver insulation, ventilation upgrades and renewable energy solutions to homes in the Bradford Metropolitan Borough, working alongside the group's newly formed Leeds-based subsidiary, Warm Low Living.

A&D had also expanded into commercial solar installations through a UK-wide partner and has continued to build its order book.

During 2025, the group said it further broadened its portfolio with the launch of National Retrofit Solutions, which secured retrofit insulation work within the insurance sector.

Earnz also highlighted recent public-sector contract awards in Dorset and Leeds, which it said provide opportunities for long-term profitable growth.

The board said capital allocation had been managed carefully since listing, despite the costs associated with acquiring three businesses and establishing two new subsidiaries over the 18 months to the end of 2025.

Earnz said it remained focused on building long-term partnerships with public and private sector clients responsible for residential and non-residential property portfolios, positioning the group as a preferred provider of quality, value-for-money services as it continues to scale its operations.

At 1101 GMT, shares in Earnz were down 2.18% at 4.94p.

Reporting by Josh White for Sharecast.com.