REG - MicroSalt PLC Tekcapital plc - Q1 2025 Business Update

MicroSaltAnnouncement

24/04/2025 07:02

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RNS Number : 9407F  MicroSalt PLC  24 April 2025

The information contained withing this announcement is deemed by the Company
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 as incorporated into the laws of England and
Wales by virtue of the European Union (Withdrawal) Act 2018 (as amended) and
certain other enacting measures ("UK MAR"). With the publication of this
announcement via a Regulatory Information service ("RIS"), this inside
information is now considered to be in the public domain.

 

24 April 2025

 

MicroSalt plc

("MicroSalt" or the "Company")

 

Q1 2025 Business Update

 

MicroSalt plc (AIM: SALT), a leading manufacturer of full-flavor natural salt
with approximately 50% less sodium, is pleased to announce noteworthy
advancement in its B2B bulk business during Q1 2025. Total bulk sales in Q1
2025 reached 98mT (216,190 lbs.) setting a new Company record and establishing
three consecutive quarters of sales growth. Importantly, bulk revenue in Q1
2025 represents 142% of the total bulk revenue for all of 2024. This includes
shipments to existing markets of Canada, Mexico, United States and newly
opened markets in Great Britain and Belgium.

 

Bulk sales in Q1 2025 were dominated by different entities and geographies of
what we have historically described as Customer 3, one of the world's largest
food, soft drink and snack manufacturers.

·    Customer 1 (Mexican division of Customer 3) purchased in excess of
66mT (146,483 lbs.) for use in 3 mainstream items with 2 more planned to begin
in Q3 2025.

·    Customer 2 (North American division of Customer 3…Canada, US)
purchased 22mT (40,148 lbs.) for 1 full brand (multiple items) with two more
planned for Q4 2025.

·    Customer 3 (HQ International division…GB, Belgium), both new
locations for 2025, has begun work with approximately 6mT (12,434 lbs.) as
initial orders ahead of commencement of commercial production in Q3 2025.

 

The launch of our Microsalt Premium product line in January targeting the
quick service and fast service restaurant (QSR/FSR) market with a focus on
French fries, has been very well received and is already in final
consideration for rollout with a top international brand Q3 of this year. This
further demonstrates the expanding footprint of MicroSalt's functionality
beyond just topical applications and into new markets such as cheese, peanut
butter, chicken breading and coatings.

 

The pipeline of pending new bulk business is robust and expected to have a
significant impact in Q4 and into 2026. The sales team has been expanded with
the addition of US-based foodservice sales specialist in QSR/FSR/foodservice
channels to focus on Microsalt Premium. All told, revenue for 2025 without any
QSR/FSR contribution is anticipated to exceed $2,500,000 (USD) with a
continuing acceleration through 2026. We further expect a customer specific
press release in tandem with a major new line item sometime this year.

 

Rick Guiney, CEO of MicroSalt, said: "We are very excited about the growth of
our MicroSalt products and its ever-widening acceptance within the food
manufacturing community. Our growth story is now evidenced by growing sales
volume, number of topical applications, and countries served. Continued
regulatory support for lower sodium food products acts as a catalyst to our
growth both in the US and across the globe in short and long term."

 

MicroSalt will provide further updates in due course.

 

 

For more information, please visit www.microsaltinc.co
(http://www.microsaltinc.co) , follow on X @microSaltPLC or contact:

 

 MicroSalt plc                                                 Via Flagstaff PR
 Rick Guiney, CEO

 Zeus (Nominated adviser and broker)                           +44 (0)20 3829 5000
 David Foreman, James Edis (Investment Banking)

 Flagstaff PR (Financial PR)                                   +44 (0)20 7129 1474
 Tim Thompson / Alison Allfrey / Anna Probert

 microsalt@flagstaffcomms.com

( )

About MicroSalt®

 

MicroSalt® produces a patented full-flavour, low-sodium salt for food
manufacturers and consumers.

 

MicroSalt is a major potential disruptor in the food market, thanks to its
micron sized particles which deliver the same sense of saltiness to a wide
range of foods but with approximately 50% less sodium. Excess sodium
consumption is a significant contributor to cardiovascular disease and
MicroSalt's solution meets the rising demand for healthier alternatives to
traditional salt. The WHO has set a target for reducing global sodium intake
by 30% by 2025, which it estimates will save 7 million lives by 2030.

 

Each year, cardiovascular disease costs the UK £19 billion - if the average
salt intake was reduced by one gram per day, it has been estimated that 4,147
lives and £288 million would be saved each year in the UK. As a nation, the
UK consumes 183 million kilograms of salt each year, and 70 per cent. of the
typical person's sodium intake is hidden in processed foods.

 

Operational since 2018, MicroSalt uses patent-protected technology which helps
create high barriers to entry within the reduced-sodium salt market. The group
has a US patent and 14 patent applications pending in other jurisdictions
globally.

 

The Directors believe that MicroSalt is well positioned to capture growth in
the low sodium market, which is expected to grow exponentially, and that there
is also potential to enter the larger salt market.

 

 

ENDS

( )

 

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