Afc Energy

AFC Energy was incorporated in January 2006 to purchase certain intellectual property and assets relating to alkaline fuel cell technology from Eneco Limited. AFC Energy raised £2.4 million to fund its initial working capital requirements and, in April 2007, completed its IPO and admission to AIM, raising c. £3 million from ordinary shares.

AFC Energy is now the world’s leading developer of low-cost alkaline fuel cell technology. Focused on large-scale industrial applications, the technology is fully scalable to provide clean electricity on-demand. The fuel cell has the potential to be the catalyst, which transforms the way in which industries of today produce energy for tomorrow.

Surrey, GB
Size (employees)
44 (est)
Afc Energy was founded in 2006 and is headquartered in Surrey, GB

Key People at Afc Energy

Adam Bond

Adam Bond

Mitchell Field

Mitchell Field

Non-Executive Director
Tim Yeo

Tim Yeo

Non-Executive Chairman

Afc Energy Office Locations

Afc Energy has an office in Surrey
Surrey, GB (HQ)
Stovolds Hill

Afc Energy Data and Metrics

Afc Energy Financial Metrics

Afc Energy's revenue was reported to be £967.6 k in FY, 2016 which is a 57% decrease from the previous period.

Revenue (FY, 2016)

967.6 k

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

(916 k)

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(5.7 m)

Market capitalization (05-Jul-2017)

236.5 m

Closing share price (05-Jul-2017)


Cash (31-Oct-2016)

3 m
Afc Energy's current market capitalization is $236.5 m.
GBPFY, 2013FY, 2014FY, 2015FY, 2016


759.4 k782.2 k2.3 m967.6 k

Revenue growth, %


Cost of goods sold

542.9 k1 m4.8 m1.9 m

Gross profit

216.5 k(247.2 k)(2.6 m)(916 k)

Gross profit Margin, %


Operating expense total

4.8 m5.7 m6.1 m5.4 m

Pre tax profit

(4.5 m)(5.9 m)(5.4 m)(6.5 m)

Net Income

(4.1 m)(5.4 m)(4.8 m)(5.7 m)
GBPFY, 2013FY, 2014FY, 2015FY, 2016


7 m4.9 m1.8 m3 m

Accounts Receivable

419.2 k2.5 m

Current Assets

8.9 m9.3 m6.8 m5.8 m


911.3 k1.1 m116.3 k89.4 k


180.7 k279.1 k338.2 k344.5 k

Total Assets

9.9 m10.7 m7.3 m6.2 m

Accounts Payable

569.2 k543.9 k1.1 m357.1 k

Current Liabilities

1 m1.1 m1.7 m1.3 m

Total Liabilities

1 m1.1 m1.7 m1.3 m

Retained Earnings

(4.1 m)(5.4 m)(4.8 m)(5.7 m)

Total Equity

8.9 m9.6 m5.6 m4.9 m

Financial Leverage

1.1 x1.1 x1.3 x1.3 x
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Cash From Operating Activities

(3.8 m)(5.9 m)(6.5 m)(3.5 m)

Cash From Financing Activities

350.8 k4 m3.5 m4.7 m

Income Taxes Paid

365.9 k421.3 k569.7 k822.8 k
Y, 2016

Financial Leverage

1.3 x

Afc Energy Market Value History

Traffic Overview of Afc Energy

Afc Energy Online and Social Media Presence

Afc Energy Company Life and Culture

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