Business
Operational Update and Loan Facility
Plexus Holdings PLC anticipates its financial performance for the year ending June 30, 2026, will align with market expectations, supported by the delivery of four new Exact™ EX rental wellhead systems by the end of 2025 and an additional four in 2026. The company has secured a £2 million loan facility from OFM Holdings Limited to bolster working capital and fund strategic growth, while also establishing a permanent presence in the Middle East to capitalize on international opportunities. Despite some uncertainty in the UK sector regarding decommissioning projects, Plexus remains confident in its long-term outlook due to growing overseas demand and anticipated market recovery. Disclaimer*
About this update from Plexus Holdings
[{"type":"text","content":"\n\nThis announcement contains inside information\n \n11th December 2025\nPlexus Holdings PLC\n(\"Plexus\", the \"Company\" or the \"Group\")\n \nOperational Update and Loan Facility\n \nPlexus Holdings PLC (AIM: POS), the AIM quoted wellhead services business, is pleased to provide an update on operations and trading for the year to 30 June 2026 (\"FY26\") and confirms that it has entered into an agreement for a loan facility of up to £2 million (\"Loan Facility\") with OFM Holdings Limited (\"OFM\" or the \"Lender\").\n \nHIGHLIGHTS\n· Financial performance for FY26 expected to be in line with market expectations.\n· First four new Exact™ EX rental wellhead systems purchased from the Company's fundraising in March 2025 due for delivery by end of 2025, with the remaining four sets to be completed in 2026.\n· £2 million Loan Facility secured to provide financial flexibility and support operations and strategic growth initiatives.\n· International footprint strengthened with a permanent presence established in the Middle East.\n· Confident in long-term outlook amid growing overseas opportunities and anticipated market recovery.\n \nOperations and Trading Update\nPlexus is pleased to confirm that it is completing manufacture of four new Exact™ EX rental wellhead systems on schedule, to increase the Company's rental fleet to 12 sets. The four new wellhead systems are planned for deployment in early 2026, and will be required to meet current enquiry levels, with a further four sets to be ordered for delivery during Q4 2026.\n \nIn addition to the key strategic market sector of rental wellheads, the Company continues to pursue opportunities in sold production wellhead equipment and special projects, which are also expected to have some impact in 2026.\n \nPlexus continues to strengthen its position in key international markets, including the Middle East, where a senior sales manager has relocated to establish a permanent presence and where partnership with its local representative, Peak Energy Solutions, has been further expanded. The Company is currently preparing wellhead rental equipment for an exploration well in the UAE, and a permanent presence in this region will enable Plexus to capitalise on more...