REG - FORGENT PLC - Cost Base Update

ForgentAnnouncement

25/03/2026 07:00

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RNS Number : 9762X  FORGENT PLC  25 March 2026

25 March 2026
Forgent plc

("Forgent" or the "Company")

Cost Base Update

Forgent plc (AIM: FORG), the technology-led energy transition company, is
pleased to announce an update on its previously announced cost optimisation
programme.

Further to the actions outlined in the Company's announcement of 24 October
2025, the Board confirms that these measures have now been fully implemented
and extended, resulting in an annualised reduction of over 50% in the Group's
recurring operating cost base compared to the full financial year to 31
December 2024.

As previously disclosed, the programme included the streamlining of operations
across Spain, the UK and France, as well as Croatia and Ireland, delivering
reductions in rent and associated establishment costs, together with a
rationalisation of the workforce.

These actions, combined with continued financial discipline and prioritisation
of core activities, have enabled the Company to transition to a materially
leaner and more scalable operating structure.

The Board believes this materially reduced cost base provides a strong
foundation for the execution of Forgent's strategy, supporting targeted
capital allocation towards near-term exploration activities and the delivery
of key gasification projects.

The Company remains focused on maintaining strict cost control as it
progresses towards its operational milestones.

For further information on Forgent plc, visit the Company's website
www.eqtec.com (https://eqtec.com/) or contact:

 

ENQUIRIES 

 

 FORGENT plc                                     investors@forgentplc.com

 James Parsons
 Strand Hanson - Nomad & Financial Adviser       +44 20 7409 3494 

 James Harris / Richard Johnson 
 Global Investment Strategy UK Ltd - Broker      +44 20 7048 9045 

 Christopher Kipling

 Samantha Esqulant 

 

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