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
Report incorrect company information

Key People/Management 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
Show all (1)
Report incorrect company information

Afc Energy Financials and Metrics

Afc Energy Financials

Afc Energy's revenue was reported to be £967.61 k in FY, 2016 which is a 57.2% 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)

EBITDA (FY, 2016)

(6 m)

EBIT (FY, 2016)

(6.3 m)

Market capitalization (13-Jun-2018)

207.6 m

Closing share price (13-Jun-2018)


Cash (31-Oct-2016)

3 m
Afc Energy's current market capitalization is $207.6 m.
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


180.6 k35.5 k357.4 k759.4 k782.2 k2.3 m967.6 k

Revenue growth, %


Cost of goods sold

303 k27.5 k27.5 k542.9 k1 m4.8 m1.9 m

Gross profit

8 k329.9 k216.5 k(247.2 k)(2.6 m)(916 k)
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


2.1 m3.6 m1.9 m5.3 m6 m10.9 m7 m4.9 m1.8 m3 m

Accounts Receivable

20.3 k4.6 k391 419.2 k2.5 m


123.7 k123.7 k123.7 k96.2 k127 k174.5 k157 k219.4 k150.9 k

Current Assets

2.6 m4.3 m2.3 m6 m6.8 m11.7 m8.9 m9.3 m6.8 m5.8 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(1.7 m)(2.7 m)(2.1 m)(2.8 m)(4 m)(3.8 m)(4.1 m)(5.4 m)(4.8 m)(5.7 m)

Cash From Operating Activities

1.4 m(2.5 m)(1.5 m)(2 m)(2.7 m)(2.9 m)(3.8 m)(5.9 m)(6.5 m)(3.5 m)

Cash From Financing Activities

3.6 m4.3 m6.1 m3.9 m8.3 m350.8 k4 m3.5 m4.7 m

Net Change in Cash

1.7 m1.5 m(1.7 m)3.5 m622.7 k5 m(4 m)(2.1 m)(3.1 m)1.2 m
GBPY, 2016

Financial Leverage

1.3 x
Show all financial metrics
Report incorrect company information

Afc Energy Online and Social Media Presence

Embed Graph
Report incorrect company information