Infinis Energy said its revenue was down this year to £102.7million compared with 2014.
The renewables company said its EBITDA was also lower at £56.5million compared with £58.3million the year previously.
Infinis said its revenue had also been adversely affected by a £3.1million reduction in the company’s estimate of ROC recycle income previously accrued in the last financial year.
Billionaire investor Guy Hands is set to take Infinis private in a deal that values the windfarm developer at £555million.
Infinis chairman Ian Marchant, who occupies the same post at Wood Group, agreed to the deal citing a “challenging regulatory and political environment” that has “adversely affected both the cash generation and the growth prospects” of the firm.
Hands’s buyout firm Terra Firma Capital Partners already owns 68.5% of Infinis and will pay 185p in cash for each outstanding share − a 40% premium on yesterday’s close.
