Our investment case is built on three pillars, which combine to create long-term value for shareholders. Our best-in-class technology enables us to execute a licensing model.
Overview
Financial highlights, full year 2024
£51.9m
Revenue
(2023: £22.3m)
77%
Gross margin
(2023: 61%)
£102.5m
Cash, cash equivalents and short‑term investments
(2023: £140.0m)
£(37.5)m
Cash outflow
(2023: £(42.4)m)
£48.5m
Research and development investment
(2023: £54.0m)
£(22.3)m
Adjusted EBITDA loss
(2023: £(50.3)m)
With our extensive intellectual property portfolio in power generation and green hydrogen production technologies, Ceres is well positioned to play an integral role in enabling the energy transition.
Latest documents
I see a wealth of opportunities as the high-efficiency power generation and hydrogen markets around the world continue to evolve. As we build on our commercial success and technology innovation, Ceres aims to expand its partnerships globally to deploy its technology at scale and pace. I remain confident that Ceres can establish its technology as the solid oxide industry standard.
