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The Derry-based electricity supplier Click Energy has reported a pre-tax profit of £6.3 million for the last financial year, with its directors describing strong growth in demand.
The company, which is the north’s fourth largest domestic supplier, saw a 33% uplift in turnover to £74.4m for the year ending March 31 2025.
In a report accompanying its latest annual accounts, published by Companies House, the directors of Click Energy said: “The company experienced strong growth in demand of 45% during the reporting period, across an increasingly diverse portfolio.”
Despite the £19m annual surge in revenue, the accounts reveal business costs also rose sharply last year, eating into profits.
As a result, pre-tax profit slipped 8% (£555,000) year-on-year.
Click Energy, which is officially registered as Project Plug Limited, was founded by four local businessmen in 2015.
Just three shareholders remain following the exit of Frazer Evans in August 2025.
They are Michael Moreland, along with the father and son team behind the Lagan Specialist Contracting Group - Kevin Anthony Lagan and Michael Lagan.
Mr Evans was a co-founder of Abbey Insurance Brokers and later a shareholder and director of Lowe Refrigeration.
The accounts for the electricity supplier reveal that on the same date of his resignation from the company, Project Plug repurchased and subsequently cancelled 3,000 ordinary shares for £5.427m cash.
Based at Timberquay on the Strand Road in Derry city, Click Energy had 33 staff on its books in the 2024-25 financial year, up from 27 in the previous year.
Ten years after Click Energy launched in October 2015, the latest analysis from the Utility Regulator show it had 36,052 customers as of the third quarter of 2025, including 33,300 domestic customers, the equivalent of a 2.4% electric market share by connections.
Some 68% of its domestic customers use prepayment meters.
