REG - Symphony Environment - AGM Statement

Symphony Environmental TechnologiesAnnouncement

23/07/2025 07:00

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RNS Number : 1129S  Symphony Environmental Tech. PLC  23 July 2025

 

23 July 2025

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony", the "Company" or the "Group")

AGM Statement

 

Symphony Environmental Technologies Plc (AIM:SYM) global specialists in
technologies that make plastic and rubber products "smarter, safer and
sustainable" announces that its Chairman will make the following statement at
today's Annual General Meeting.

"I am very pleased to report that momentum within the business continues, and
our prospects look strong, especially in the short to medium term. We are
seeing a high level of sales prospects nearing completion and expected to
close in the second half of the year or shortly after.

A major highlight this year has been the long-awaited regulatory breakthrough
in the EU. As announced on 8 July 2025, the Environmental Protection Agency
("EPA") of Ireland (an EU Member-State) confirmed that Symphony's d2w
biodegradable plastic technology is compliant with EU Directive (EU) 2019/904
(the "Directive"). Other European markets can be expected to follow.

This confirmation of compliance is the result of a thorough scientific review
by the EPA of Ireland of a large file of independent scientific reports which
confirm that products with d2w technology fully biodegrade without leaving
persistent microplastics or toxic residues: a critical distinction from
oxo-degradable plastics - which are restricted under the Directive.

The EPA of Ireland has also reviewed the Commission Notice (2021/C 216/01) of
7 June 2021, which provides guidelines on the implementation of Directive (EU)
2019/904. They said, "Based on the evidence submitted, we are satisfied that
d2w products are not subject to the restrictions outlined in the Directive or
its accompanying guidelines."

It is important to note that the scientific evidence submitted to the EPA
related to d2w only, and their approval therefore relates only to d2w and to
no other biodegradable plastic.

This development is not only an official validation of our technology but also
a strategic enabler for growth of d2w across Europe and in other global
markets which align with the EU's environmental strategies.

Indeed, it marks a significant turning point in our commercial trajectory and
strengthens our leadership in the market for sustainable plastic solutions
that have little or no on-cost and are non-disruptive to supply-chains.

Our d2p range of products, as reported in our preliminary results on 12 June
continues to progress in the following main areas. Antimicrobial for bread and
other food applications, flame retardants, fragrance scents for use in
refrigerators, and anti-insect applications for water pipe and some food
packing protection.

Our balance sheet was  strengthened by the equity capital-raise announced on
10 June of £2.25 million at 20 pence per share.

Revenues for the first half of 2025 were approximately £2.9 million (H1 2024:
£3.4 million). While Q2 2025 was particularly light, this was due to order
timing in key markets and is not indicative of underlying trading conditions.
We expect a stronger performance in the second half as expected orders are
received, and our opportunities commercialise further.

Our gross margins have continued to strengthen and are expected to be
approximately 5 percentage points higher than H1-2024. Costs have continued to
reduce.

Symphony remains well positioned globally, operating a capital-light,
operationally- geared business model. We continue to work closely with a
global network of experienced distributors and manufacturing partners in key
territories."

 

Enquiries:

 Symphony Environmental Technologies Plc
 Michael Laurier, CEO                                                  Tel: +44 (0) 20 8207 5900
 Ian Bristow, CFO
 www.symphonyenvironmental.com (http://www.symphonyenvironmental.com)

 Zeus (Nominated Adviser and Broker)
 David Foreman, Emma Burn (Investment Banking)                         Tel: +44 (0) 203 829 5000
 Dominic King (Sales)                                                  Tel: +44 (0) 203 829 5000

NOTES TO EDITORS

 

About Symphony Environmental

 

 

Symphony's d2w masterbatch technology is added to polyethylene (PE) and
polypropylene (PP) products at the manufacturing stage at little or no extra
cost, and ensures that if they get into the environment at the end of their
useful life they will not create microplastics and lie or float around for
decades.  Instead they will safely biodegrade, leaving no microplastics or
toxicity. If they get collected during their useful life they can be recycled
with ordinary PE and PP without separation See
 https://www.biodeg.org/subjects-of-interest/recycling-2/
(https://www.biodeg.org/subjects-of-interest/recycling-2/)

 

Symphony also supplies a range of plastic technologies under its d2p (designed
to protect) brand www.d2p.net (http://www.d2p.net) to provide protection
against insects, viruses, bacteria, fungi, rodents, odours, and fire.  It has
also introduced a new product under its NbR brand
https://www.symphonyenvironmental.com/natural-biodegradable-resin/
(https://www.symphonyenvironmental.com/natural-biodegradable-resin/) to reduce
the amount of fossil-derived material in plastic products.

 

Symphony has a diverse and growing customer-base and has established itself as
an international business with over 70 distributors around the world. Products
made with Symphony's plastic technologies are now available in nearly 100
countries and in many different product applications. Symphony itself is
certified according to ISO9001 and ISO14001.

 

Symphony actively participates in the Committee work of the British Standards
Institute (BSI), the American Standards Organisation (ASTM), the European
Standards Organisation (CEN), and the International Standards Organisation
(ISO).

 

Further information on the Group can be found at
www.symphonyenvironmental.com  and twitter @SymphonyEnv

 

See also Symphony on Instagram and Linkedin.

 

 

 

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