Revenue is up at Yü Group, the independent supplier of gas and electricity, meter asset owner, and installer of smart meters to the UK SME & corporate sector.
In a trading update for the six months ended 30 June 2025, the Nottingham business highlighted continued strong organic growth in line with management expectations. The firm delivered first half revenue of approximately £341m, up 9% on the same period of the prior year and in line with group strategy of gaining market share.
Average monthly bookings, however, at £41.4m, were down 12%, reflecting the wholesale commodity market normalising.
Yü Group further noted strong meter point growth for the fifth consecutive period. The company delivered a 48% increase in meter points versus the prior year, to close at 107,000. The group added that it continues to grow volumetric consumption and leverages off the implementation of the five-year commodity hedging agreement with Shell Energy enabling continued scaling.
Yü Smart, meanwhile, delivered value and volume, with meters owned in the period up 179% on the same period in 2024, providing 200% increase in forward annualised, indexed annuity income.
Bobby Kalar, CEO, said: “I’m pleased with our continued delivery for the first 6 months providing confidence management are in-line with expectations for the year. Our forward contract book remains strong and continues to grow despite the recent drop in wholesale energy prices.
“While I’m personally disappointed investor appetite remains restrictive, prolonged cash outflows from the UK continue to severely hinder our valuation. I would like to thank all my team for their continued support and effort. We will remain focussed on our growth strategy to deliver continued shareholder value and returns.”
