Loan Agreement

eEnergy Group PLC

23 February 2026

 

23 February 2026

eEnergy Group plc

("eEnergy", "the Company" or "the Group")

Loan Agreement

eEnergy (AIM: EAAS), an Energy-as-a-Service provider funding and delivering energy infrastructure upgrades across multi-site portfolios with zero upfront cost for its customers, announces it has secured funding of £1 million by way of a loan ("Loan") from Harwood Holdco Limited ("Harwood").

Details of the Loan

·     £1.0 million as principal ("Loan")

·     The Loan is secured with a floating charge over the Group's assets

·     Repayable on, or before, 31 July 2026

·     Interest accrues at a rate of 1 per cent. per month, payable on repayment of the Loan

·     An arrangement fee of £20,000 for the Loan will be incurred on draw down

Background to the Loan

In September 2025, eEnergy commenced work on a UK Government backed solar PV and battery installation contract managed by Mace for 47 schools initially. This has since expanded to up to 73 schools and extended to include LED and EV installations at many of those schools with a slight delay in the start of the work whilst the relevant approvals are sought to proceed. Installations under the Programme commenced in November 2025 and we now expect this to be completed by 30 June 2026.

The Mace work is carrying on at pace and the Company has secured the Loan to provide additional net working capital, inter alia, in support of Mace as well as its growing pipeline of large-scale tenders. Cash at 31 December 2025 of £0.9m (2024: £2.3m), is still expected to increase significantly by the end of H1-26.

As eEnergy continues to transition towards larger, longer-duration contracts, the associated working capital requirements are materially greater than under its traditional direct sales model. The Loan strengthens the Company's balance sheet and enhances financial flexibility, ensuring it is well positioned to manage near term peak net working capital demands as these contracts mobilise and scale.

The funding provides the necessary liquidity to support delivery of Mace and other significant tender opportunities, without constraining ongoing operations. It also underpins eEnergy's strategic objective of expanding its presence in higher-value contract markets, while maintaining prudent financial discipline.

The Company remains on track to deliver H1-26 Revenue of approximately £20.0m (H1-25: Revenue £10.1m).

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

For further information, please visit www.eenergy.com or contact:

eEnergy Group plc	Tel: [phone]
Harvey Sinclair, Chief Executive Officer John Gahan, Chief Financial Officer	[e-mail]
Strand Hanson Limited (Nominated Adviser)	Tel: [phone]
Richard Johnson, James Harris, David Asquith
Canaccord Genuity Limited (Broker)	Tel: [phone]
Max Hartley, Harry Pardoe (Corporate Broking)
Tavistock	Tel: [phone]
Jos Simson, Nick Dibden, Katie Hopkins	[e-mail]

About eEnergy Group plc

eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding and delivering energy-saving and energy-generating solutions across multi-site public sector and commercial portfolios-helping customers cut energy waste, reduce operating costs, and improve building resilience with zero upfront cost.

eEnergy delivers four core solutions:

·      Reduce: LED lighting and controls

·      Generate: Solar PV (rooftop, ground mount, and carport)

·      Store: Battery storage (store onsite generation and reduce peak-time import costs)

·      Charge: EV charging infrastructure and management

Projects are funded through dedicated facilities, including up to £100m of project funding via eEnergy's partnership with Redaptive, and a £40m NatWest facility supporting public sector deployments.

eEnergy's routes to market include direct sales, public sector frameworks, tenders, and strategic partnerships. The Group holds positions on five major procurement frameworks-CCS (Crown Commercial Service), LASER, Lexica/NHS London, NHS Commercial Solutions Framework, and Proactis (YPO)-and is an Office for Zero Emission Vehicles (OZEV) approved EV charge point installer.

The Group has delivered over 1,200 projects and has installed c590,000 LEDs, improving learning environments for c520,000 students.

eEnergy is a market leader in the education sector and has been awarded the London Stock Exchange's Green Economy Mark. The Company is also recognised in the 2025 UK Fast Growth 50 Index within the Fastest Growing Green Firms 2025 list, and holds an EcoVadis Bronze Medal with a score of 61/100, placing it in the top third of more than 130,000 organisations assessed globally.

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