Business
Half-year Report
Getech Group plc reported broadly flat revenues of £2.1 million for H1 2025, compared to £2.2 million in H1 2024. The company reduced its cost base by 12% to £2.5 million, down from £2.8 million in the prior year, and expects to reduce the annualised cost base by approximately 20%. Getech's contractually committed order book stood at £3.8 million on June 30, 2025, which increased to £4.2 million by August 31, 2025, with £1.6 million scheduled for release in H2 2025. The adjusted EBITDA loss improved to £0.1 million, compared to a £0.3 million loss in H1 2024. The company's cash balance was £0.4 million after incurring £0.3 million in exceptional costs related to a cost reduction program; all borrowings were repaid following the sale of Nicholson House for £725,000 in February. Disclaimer*
About this update from Getech Group Plc
[{"type":"text","content":"\n\n24th September 2025\nGetech Group plc\n(\"Getech\" or \"the Company\")\nInterim Results\nGetech (AIM:GTC), a world leading locator of subsurface resources, announces its unaudited interim results and report for the six months to 30 June 2025 (\"H1 2025\" or \"the Period\").\nOperational Highlights\n· Implemented a significant restructuring of the business to deliver:\n· £1m in cost savings equal to a c. 20% reduction in annualised costs\n· New sales leadership improving both the size and quality of the pipeline of sales opportunities\n· 54 signed contracts of which 31 (57%) were new customers\n· Key Globe contract renewals with super-major clients - reflecting the platform's ongoing importance\n· Product enhancements continuing with the release of new versions of Globe (v2025.1 and v2025.2) and Unconventionals Analyst (v3.3)\n· Natural Hydrogen becoming a key market with:\n· Getech increasingly viewed as an industry leader in locating this potentially transformational energy resource\n· Significant growth in demand for services and new business development opportunities\n· Market-leading transactions such as the Joint Venture with Sound Energy in June 2025\n· Launched a new seismic-focussed high impact targeting and exploration service in partnership with STRYDE to further drive integrated service revenues\nFinancial Highlights\n· H1 2025 revenues of £2.1 million (H1 2024: £2.2 million), broadly flat on 2024\n· Strong contractually committed orderbook value of £3.8 million (31 December 2024: £4.1 million)\n· Orderbook has subsequently increased to £4.2 million (at 31st August 2025), with £1.6m to be released in H2 2025.\n· Cost base for the period reduced by 12% to £2.5 million (H1 2024: £2.8 million), with annualised cost base on track to reduce by c. 20% compared with prior full year\n· Cash balance of £0.4 million on 30 June 2025, after £0.3m of exceptional costs relatin...