Nottingham energy supplier Yü Group reported higher revenues and profits for the first half of the year, reflecting continued meter growth despite a stabilising commodity market.
Revenue reached £341 million, up 9%, while profit before tax climbed 14% to £22.6 million. The company maintained strong cash flow, supporting dividend increases and sustaining earnings coverage. Forward contract positions expanded, providing financial stability for the remainder of the year.
The firm also appointed Andy Simpson as chief financial officer, succeeding Paul Rawson, signalling a refreshed leadership structure as Yü continues its market expansion.
