32816-Lucy-Group-AR-2025 web ready spreads_FINAL

Our Solutions

BUSINESS OVERVIEW

Our solutions include: | secondary power distribution equipment; | switchgear for connection and control of renewable power; | distribution equipment for temporary installations; | fixed and portable site lighting; | power transformers; | electrical protection products; | distribution substations and feeder pillars for EV charging networks; | fuses for safe energy delivery; and | smart grid monitoring and control.

Our opportunity Our core low- and medium-voltage switchgear market is forecast to grow at around 7.3% CAGR to 2029. Near-term activity may remain sluggish, but longer term demand is supported by structural drivers such as EV infrastructure expansion, with the UK targeting 300,000 public chargepoints by 2030.

Energy distribution Overview

Our switchgear and EV charging products enable the efficient distribution of electricity, with features such as remote switching and monitoring. Our BSI-certified, low-voltage fuses provide electrical safety and protection. Why is it important to us? By connecting renewables to the grid – including solar, wind, hydro and geothermal power – we can help reduce the planet’s carbon footprint and mitigate the impacts of climate change. A diversified energy mix also increases resilience to supply disruptions and price fluctuations. Our business units Lucy Electric, Lucy Controls.

Read more about Market Overview on pages 16 to 19 .

Our solutions include: | smart city management and control; | street lighting infrastructure; | open systems for urban management; | big data capture and digitalisation; and | electrical safety and protection.

Our opportunity The global smart street lighting market is projected to grow at a CAGR of 18.5% to 2030, although adoption is expected to occur gradually as cash-strapped municipalities implement upgrades over multi-year investment cycles. The installed base of individually controlled street lights is forecast to rise from 33 million in 2024 to 85 million by 2029.

Smart cities Overview

Our intelligent street lighting and smart city management systems help deliver information to users, achieve operational efficiencies, and gain energy savings. Why is it important to us? Smart cities provide a framework for integrating sustainable practices into urban environments. Smart technologies and AI – including predictive modelling – enable more efficient monitoring and management of energy consumption, thereby minimising energy waste, cost and carbon emissions. Our business units Lucy Controls.

Read more about Market Overview on pages 16 to 19 .

Our solutions include: | property development: ecological and energy-efficient homes; and | property rental: rental homes with Energy Performance Certificate (EPC) ratings between A and C.

Our opportunity The new-build housing sector is expected to stabilise before returning to growth. Market conditions are likely to remain subdued in the short term, but forecasts suggest a gradual recovery, with momentum shifting back towards new construction over the medium term as economic conditions improve.

Sustainable living Overview

Our residential property development, investment, and lettings and management business focuses on the Oxford area, which was named as England’s greenest city in the ENDS Report in 2023. Our properties incorporate multiple features that support sustainable living. Why is it important to us? Housing accounts for around a fifth of the UK’s total carbon emissions. To preserve the environment, every household needs to play its part. Our developments include the use of solar power, heat pumps, EV chargers, biodiversity features and ecological materials. Our business units Lucy Real Estate.

Read more about Market Overview on pages 16 to 19 .

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Lucy Group Ltd Annual Report & Accounts 2025

LUCYGROUP.COM

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