Business
Trading Update and Growth Plan
Metir plc provided a trading update ahead of its financial year end, reporting increasing demand for its Microtox® LX instruments and reagents, with sales in line with expectations, though production is nearing capacity. The company is discussing increased manufacturing rates for 2026 to reduce delivery times and build stock, alongside plans to upgrade LX and FX units to improve margins. Robust sales of Sulphate Reducing Bacteria (SRB) kits are also noted, with a key component upgrade planned for Q4 to maximize high-margin sales in January 2026. Following the Qatar project's final commissioning of 27 CTM units, a deferred payment of £198k is due by Q1 2026, with a potential £50k performance payment. Metir is also targeting the Saudi Arabian market, a significant opportunity for water-safety technologies. As of December 1, 2025, the Group's cash balance was £147k, with current receivables at £317k, and the company expresses confidence in sufficient projected revenue and cash resources for the foreseeable future, though EBITDA profitability is expected to be deferred into 2026 due to planned investments. Disclaimer*
About this update from Metir Plc
[{"type":"text","content":"\n\n2 December 2025\n \nMetir plc\n \n(\"Metir\", the \"Group\" or the \"Company\")\n \nTrading Update and Growth Plan\n \nMetir plc (AIM: MET), the leading global provider of fast response mobile and point-of-use water and environmental testing technology, today provides a trading update ahead of its financial year ended 31 December 2025.\n \nTrading and order book\n \nThe Group has continued to build on the significant progress reported in its Interim Results on 30 September 2025. Demand is increasing, driven by growing international demand for Microtox® LX instruments, reagents and SRB sales.\n \nCustomer demand for LX instruments has been encouraging, and sales are in line with management expectations as reported in September 2025. Although production rates of instruments have increased during the second half of the year, the Group is nearing the limits of its current outsourced manufacturing capacity. \n \nMetir believes that it can secure materially higher sales volumes of instruments if it can increase the build and supply rate. The Group is in discussions with its manufacturing partner to increase production rates in 2026. This will both reduce delivery times for larger batches made to order for specific customers and simultaneously create a stock of instruments which can be us...