Current Share Price

24.25 | 0.00

As at 30.Jul.2010 17:59

media

Helius Energy plc

Results for the Year to 30th September 2009

Helius Energy plc, which was established to install and operate biomass fired renewable electricity generation plants, today is pleased to announce its financial statements for the year to 30 September 2009.

Key highlights:

Agreed and signed an option for lease in respect of an 18 acre site at Avonmouth for a 100MWe power plant
Submitted an application for Section 36 consent and deemed planning permission for the 100MWe project at Avonmouth
Secured planning consent for a biomass plant in Rothes. Morayshire, Scotland
Entered into a joint venture with The Combination of Rothes Distillers for the development of the Rothes plant
Made progress in negotiating sites for future large projects
Reorganised and strengthened the Board with a focus on project delivery, utility experience and project financing
Appointed Keith Henry as non-executive Chairman
Appointed Adrian Bowles as Chief Executive Officer

Key financial highlights:

Loss before tax £3.97m (2008: profit before tax £30.67m)
Helius Energy Alpha decrease in fair value £2.17m (2008: profit on sale £33.59m)
Operating loss £4.64m (2008:profit £31.34m)
Net finance income £0.67 (2008: expense £0.67m)
Cash investment of £2.8 million into current projects
Net cash balance of £14.73m
Corporate overheads and development in line with budget

Commenting on the results, Helius Energy Chief Executive, Adrian Bowles, said:
“Over the period since our admission to AIM, Helius has demonstrated the ability to identify, develop and implement multiple biomass energy projects. Helius’ strategy remains one of focusing on delivering projects to financial closure, and managing their implementation and operation.”

A full copy of the Helius Energy plc 2008/2009 annual report and accounts are available on the Helius Energy website www.heliusenergy.com

For more information please contact:


Helius Energy plc	Tel: +44 (0)20 7723 6272
Adrian Bowles, Chief Executive Officer
Alan Lyons, Chief Financial Officer

Matrix Corporate Capital LLP	Tel: +44 (0)20 3206 7000
Louis Castro
Anu Tayal

Kreab Gavin Anderson	Tel: +44 (0)20 7074 1800
Robert Speed
Kate Hill
Ken Cronin

Notes to Editors:

Helius was established to develop biomass fuelled renewable generation plants to address the increasing importance that has been given to climate change. Helius’ projects mitigate climate change by cutting greenhouse gas emissions using sustainable biomass fuel.

Our strategy is to identify, develop, own and operate biomass projects. The Helius team has extensive knowledge of the UK renewable energy market, biomass energy technologies and their related economics. We use this knowledge to identify sites that offer attractive returns, readily available feedstocks, good transportation logistics and related infrastructure.