Business
Financial Results for the 6 Months to 30 Sep 2025
Sulnox Group Plc reported a significant increase in revenue for the six months ending September 30, 2025, reaching £1.2 million, a 173% rise year-over-year, driven by a 262% volume increase and expanded adoption across industries, including a fleet-wide commitment from Spring Marine and conversion of land-based clients like Colas Rail UK. The company also secured a major global partnership with Drew Marine, enhancing its commercial reach. Despite a reported operating loss of £3,725,788 for the period, the company raised £1.0 million through new share issuance, positioning it for continued strategic growth. Disclaimer*
About this update from Sulnox Group Plc
[{"type":"text","content":"\n\n29 December 2025\n \nSulnox Group Plc\n(the \"Company\" or \"Sulnox\")\n \nFinancial Results for the Six Months to 30 September 2025\n \n \n(Aquis Stock Exchange: SNOX)\nThe board of the directors of the Company (the \"Board\") is pleased to announce its financial results for the six months to 30 September 2025. A copy of these results has been published on the Company's website.\n \n \nChairman's Statement\n \nThe first half of 2025 marked an excellent start to the year, building on the significant momentum of 2024 with two further consecutive record quarters, accelerated adoption across multiple industries, and a strengthened foundation for the Company's next step change in scale.\n \nFor the six months to 30 September 2025, revenue increased by 173% compared to the same period in the prior year to £1.2 million, exceeding the total sales for 2024, with volume up by 262% during the same period from the prior year. This growth is being driven by repeat demand, broader use among existing marine customers and a rising number of new clients entering evaluation.\n \nOur market position continues to expand. Approximately 75 shipping companies - representing fleets of around 6,000 vessels - are now engaged with Sulnox, and this confidence in the product's effectiveness is translating into meaningful adoption. Spring Marine has moved to fleet-wide use across 28 vessels, while land-based opportunities are also converting, such as Colas Rail UK. These decisions highlight both the broadening appeal of our solution and the consistency of real-world performance across very different operating environments.\n \nThe scale of this emerging adoption sits within a much larger global opportunity. Investors' Chronicle recently highlighted that Sulnox operates within an estimated £40bn addressable market, with Sulnox Eco applicable to over 70% of global oil usage - a theoretical total demand of around 17 million litres per day, compared with current sales of under 1,000 litres per day. This external analysis reinforces both the strategic potential ahead and the early traction being seen across our customer base.\n \nAs this opportunity expands, so too does our commercial reach. We added new distribution partners and recently agreed to a major long-term global partnership with Drew Marine, o...