Ethtry (LSE:ETHY), an Aquis-listed developer and investor in UK renewable energy assets, reported a loss for the year ended 31 December 2025, as administrative expenses and investment impairments weighed on a business that generated no income from its investment activities during the period.
The company, which trades under the ticker ETHY, entered 2025 focused on battery energy storage and life sciences before exiting the year under a new name and a restructured board, having pivoted to solar energy development and a complementary treasury policy of holding Ethereum.
Its battery storage partner GEM Energia was disrupted by grid reforms introduced in December 2024 by the National Energy System Operator, forcing GEM to refocus on renewable energy; separately, negotiations with HGV electric vehicle charging manufacturers were abandoned over concerns about deployment speed.
The Ethereum Treasury Policy, formally adopted during the period, held no ETH at 31 December 2025, with purchasing beginning after the year end; the company has since accumulated 1,000 ETH, fully staked through FINMA-regulated Swiss digital asset bank AMINA Bank AG.
Two board members appointed during 2025 subsequently stepped down after the year end, with Steve Winfield and Mike Murphy, the company's founder, appointed as executive directors.
