REG - GETECH Group plc - Major Globe Platform Subscription Renewal

GetechAnnouncement

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RNS Number : 6672Y  GETECH Group plc  31 March 2026

31(st) March 2026

 

 

 

Getech Group plc

("Getech" or the "Company")

Major Globe Platform Subscription Renewal

 

Multi-year extension to Getech's subsurface intelligence platform

 

Getech (AIM: GTC), a world-leading locator of subsurface resources, is pleased
to announce that it has successfully closed a significant Globe platform
subscription renewal with a major state-backed Asian offshore oil and gas
producer. The renewal contract has a total value of c. £520k to be recognised
over three years.

 

Globe enhances resource exploration activities by providing a 'digital twin' -
or computer model - of Earth's geologic development. Its users leverage this
unique model to help locate potential zones for new resource discovery.

 

Completion of this renewal underscores continued demand for Getech's
subsurface intelligence solutions and the value Globe provides to customers'
exploration programmes.

 

Chris Jepps, CEO of Getech, commented:

 

"We are pleased that a key Globe customer has renewed its subscription for a
further three years, extending its engagement with the platform to over six
years, reflecting the customer's continued investment in exploration as part
of the future global energy mix, and reinforcing the relevance of our products
and services to this sector.

 

The contract adds to our order book and strengthens Annual Recurring Revenue
(ARR), with a 28% renewal value uplift reflecting inflationary adjustments and
enhanced product capability, in line with our ARR growth strategy."

 

For further information, please contact:

 

 Getech Group plc

 Chris Jepps, CEO                                 Tel:  0113 322 2200

 Cavendish Capital Markets Limited

 Neil McDonald / Pete Lynch (Corporate Finance)   Tel:  020 7908 6000

 Jasper Berry / Dale Bellis (Sales)

 Novella Communications                           Tel: 020 3151 7008
 Tim Robertson / Aeliya Bilgrami
 getech@novella-comms.com

 

Notes to editors:

About Getech

Getech provides trusted subsurface and geospatial insight to organisations
across the global natural resources sector. We help corporates, governments,
and regulators find and manage the subsurface resources essential to the
evolving energy and minerals landscape by combining unique global
earth‑science data, leading geospatial expertise and advanced analytics. Our
solutions reduce risk, accelerate opportunities and enhance project value
throughout the resource lifecycle, supporting activity across oil and gas,
critical minerals, geothermal, natural hydrogen and other emerging resource
domains.

Founded in 1994 Getech is listed on the Alternative Investment Market of the
London Stock Exchange ("AIM"), with ticker symbol GTC.

For further information, please visit www.getech.com (http://www.getech.com/)
.

 

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