REG - GETECH Group plc - Trading Statement

GetechAnnouncement

20/01/2026 07:00

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RNS Number : 4980P  GETECH Group plc  20 January 2026

20(th) January 2026

 

 

 

Getech Group plc

("Getech" or the "Company")

Trading Update

 

Return to Growth with EBITDA Performance Ahead of Market Expectations

 

Getech (AIM: GTC), a world-leading locator of subsurface resources, is pleased
to provide the following trading update (unaudited) for the financial year
ended 31 December 2025.

 

2025 Highlights:

·    Turnaround plan successfully delivered by new management team over
the last 11 months.

·    Resulting in improved trading with the Company expecting 6% revenue
growth to £5.0m (2024: £4.7m), and adjusted EBITDA of £0.5m (2024: loss of
£0.6m) - the first positive EBITDA figure for the Company since 2019.

·    Introduced new sustainable business strategy - refocusing the Group
on its traditional markets of Oil & Gas and Mining whilst also maintaining
a focus on selective Natural Hydrogen projects.

·    Re-set the Company's financial base, reducing costs by c. 20% - a c.
£1.0m annualised reduction.

·    Expanded and re-organised global sales team under new sales Director,
leading to improved size and quality of new business pipeline.

·    The Group orderbook stood at £3.8m at 31 December 2025 (2024:
£4.1m), reflecting the natural conversion of contracted orderbook into
revenue.

·    Cash at bank of £0.2m at 31 December 2025, held back by a delayed
£0.4m payment caused by the US government shutdown in Q4 FY25 which was
received after the period end. Receivables at 31 December 2025 totalled
£1.5m, with debt of £0.15m.

·    Annual recurring revenue ("ARR") at end FY25 was £2.8m (2024:
£2.9m), expected to improve in 2026 backed by a pipeline of prospective
clients looking to utilise the Globe platform under multi-year contracts.

 

2026 Outlook:

·    In 2025 Getech established itself as a market leader in the nascent
but potentially vast Natural Hydrogen market via selective project
identification and anticipates further focused activity in the current year.

·    Positive momentum has carried into 2026, supported by a deeper sales
pipeline that offers greater visibility of increased future revenues and
activity.

 

Chris Jepps, CEO of Getech, said:

 

"We have achieved the goals we set at the start of the year. We did this by
resetting the Company cost base without restricting our ability to deliver
projects and grow revenues, and by taking the business back to its roots by
focusing on the markets we know best: Oil & Gas, Mining and Natural
Hydrogen.

 

The trading performance has been very satisfying. Our objective now is to
build momentum by continuing to grow our revenue lines and in particular
focusing on materially adding to ARR via our subscription products, both with
new clients and by expanding existing contracts.

 

Ultimately, we are looking to achieve a better balance across the business
with a higher level of retained, predictable income that better covers the
base costs of the business while allowing us to successfully close the harder
to forecast material deals which will drive out-performance.

 

As a new management team we have taken some important strides in the last year
and I believe we now have a solid platform to build upon."

 

This announcement contains inside information as stipulated under the UK
version of the Market Abuse Regulation No 596/2014 which is part of English
Law by virtue of the European (Withdrawal) Act 2018, as amended. On
publication of this announcement via a Regulatory Information Service, this
information is considered to be in the public domain.

 

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 is a leading locator of subsurface resources essential for the world's
energy security and sustainable transition. The Company combines unique
geoscience expertise, AI-driven analytics, and extensive geospatial insight to
identify new energy and mineral resources and streamline exploration
processes. Serving clients across corporates, government and regulators in a
wide range of industries, Getech is committed to enabling energy and mineral
security while supporting a shift towards low carbon sources.

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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