'First year of profitability': Octopus triples group revenues to £13bn

Stuart Stone
clock • 3 min read
Credit: Octopus Energy
Image:

Credit: Octopus Energy

Firm delivered £203m in net profit, extended its software platform to 32 million accounts, and tripled non-UK energy revenues as part of a landmark financial year

Octopus Energy has today revealed its revenues tripled to £13bn during the last financial year, as it returned its first ever full-year profit of £203m. According to the global energy and technology...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Stuart Stone
Author spotlight

Stuart Stone

View profile
More from Stuart Stone

Global Briefing: African countries losing $6bn a year from climate-linked water challenges

How Octopus' Energy Equality Internship is busting myths around working in the low carbon economy

More on Energy

'A huge opportunity for Britain': Octopus Energy inks landmark deal to enter Chinese market
Energy

'A huge opportunity for Britain': Octopus Energy inks landmark deal to enter Chinese market

UK's largest energy supplier announces major new joint venture during Prime Minister Keir Starmer's visit to China, as BYD, Omoda, and Jaecoo all commit to strengthening presence in UK market

Stuart Stone
Stuart Stone
clock 30 January 2026 • 8 min read
European PPA market slows, as flexibility services market surges
Energy

European PPA market slows, as flexibility services market surges

New analysis of corporate power purchase agreement market reveals how growing dominance of renewables and price volatility is reshaping market

James Murray
James Murray
clock 29 January 2026 • 3 min read
'A turning point': North Sea Future Board convened in support of 'clean energy powerhouse' plans
Energy

'A turning point': North Sea Future Board convened in support of 'clean energy powerhouse' plans

Board tasked with boosting investment in North Sea transition and helping oil and gas workers enter low-carbon economy

Stuart Stone
Stuart Stone
clock 29 January 2026 • 4 min read