Energys Group Secures New Energy Efficient Lighting Contracts Upon Successful Completion of Initial Phase

Rhea-AI Summary

Energys Group (NASDAQ: ENGS) has secured additional LED lighting contracts from Ark Multi-Academy Trust following successful completion of Phase I. The company completed initial projects worth £1.2 million and secured new contracts valued at £1.1 million for immediate start, plus £1.2 million for August 2025. An additional £2.0 million in contracts is expected later in 2025, bringing the total program value to £5.5 million. The LED lighting upgrades will deliver annual savings of £1.4 million and reduce carbon emissions by 900 tonnes per year. The projects involve installing modern LED lighting systems with intelligent controls across Ark's educational facilities.

Positive

• Secured £2.3 million in new contracts with potential for additional £2.0 million
• Projects expected to generate £1.4 million in annual savings for clients
• Environmental impact includes 900 tonnes annual carbon emission reduction
• Successful completion of Phase I demonstrates strong execution capability

Negative

• None.

News Market Reaction

-7.07%

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-7.07% News Effect

On the day this news was published, ENGS declined 7.07%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BILLINGSHURST, UK, June 3, 2025 /PRNewswire/ -- Energys Group Limited (NASDAQ: ENGS) ("Energys Group" or the "Company", together with its subsidiaries, the "Group"), a vertically integrated energy efficiency and decarbonisation solutions provider for the built environment, is pleased to announce the award of the second tranche of LED lighting projects from Ark Multi-Academy Trust ("Ark"), an education charity based in London, United Kingdom.

The LED lighting projects involve upgrading existing infrastructure with the latest generation of LED lighting systems and intelligent controls. Upon completion, the projects are expected to deliver annual savings of approximately £1.4 million and reduce carbon emissions by over 900 tonnes annually. To date, the Company has completed Phase I of the projects, valued at £1.2 million. Riding on the successful completion and its proven track record, the Company has secured an additional £1.1 million in contracts which will commence immediately, along with £1.2 million for works scheduled for August 2025. A further £2.0 million later in 2025 is anticipated to finalise the programme, bringing the total value of works to £5.5 million.

Kevin Cox, Chief Executive Officer of Energys Group Limited, commented, "It is a privilege to work with Ark Multi-Academy Trust, which has demonstrated its strong commitment towards education accessibility and sustainability since 2002. We are proud to be part of this transformative programme. The new contracts also highlight our strong relationship with our clients, along with our growing brand profile and track record. Looking ahead, our team will remain committed to advancing the decarbonisation initiatives, with the aim of fostering a greener, more sustainable environment for all."

About Energys Group
Founded in 1998 as an energy conservation consultancy, Energys Group Limited (NASDAQ: ENGS) has since transitioned into a vertically integrated energy efficiency and decarbonisation solutions provider for the built environment. Serving organisations from both the private and public sectors, including schools, universities, hospitals, and offices primarily in the UK, the Company's vision is to deliver innovative solutions that reduce carbon emissions, lower costs, and support the Net Zero agenda – alongside improving the wellbeing of building users within the built environment.
For more information: www.energysgroup.com 

About Ark Multi-Academy Trust
Ark is an education charity that exists to make sure that all children, regardless of their background, have access to a great education and real choices in life. There are approximately 30,000 students across the network of 39 schools within the Trust.
For more information: www.arkonline.org

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.

For more information, please contact:
DLK Advisory
Phone: +852-2857-7101
Email: ir@dlkadvisory.com

View original content:https://www.prnewswire.com/news-releases/energys-group-secures-new-energy-efficient-lighting-contracts-upon-successful-completion-of-initial-phase-302471849.html

SOURCE Energys Group Limited

FAQ

What is the total value of Energys Group's (ENGS) LED lighting contracts with Ark Multi-Academy Trust?

The total value of the LED lighting contracts is £5.5 million, including completed Phase I (£1.2M), new immediate contracts (£1.1M), August 2025 works (£1.2M), and anticipated future contracts (£2.0M).

How much will Ark Multi-Academy Trust save annually from ENGS's LED lighting upgrades?

The LED lighting projects are expected to deliver annual savings of approximately £1.4 million for Ark Multi-Academy Trust.

What environmental impact will ENGS's LED lighting projects have?

The LED lighting projects will reduce carbon emissions by over 900 tonnes annually.

When will Energys Group (ENGS) complete the next phase of LED lighting installations?

The next phase of installations will commence immediately with £1.1 million in contracts, followed by £1.2 million in works scheduled for August 2025.

What services is Energys Group (ENGS) providing to Ark Multi-Academy Trust?

Energys Group is providing LED lighting system upgrades and intelligent controls installation services to modernize existing lighting infrastructure.