Business
Q3 Trading Update: Year-to-date sales up 161%
Sulnox Group PLC reported a strong Q3 trading update, with year-to-date revenue reaching £1,693.8k, a 160.6% increase from the prior year, and Q3 sales of £491.8k, up 134.7%. The company's product volume sold year-to-date surged by 265.3%, and its cash balance stood at £1,121.9k as of December 31, 2025. Key developments include expanding engagement with 85 shipping companies, a significant supply arrangement with Spring Marine, and a global distribution agreement with Drew Marine USA, Inc. Sulnox is also strengthening its commercial team for land-based applications, targeting a £40bn total addressable market, and has secured new patents in Europe, Australia, South Korea, and Vietnam for its fuel oil reclamation and core products. Disclaimer*
About this update from Sulnox Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310\n \n \n \n \n2 February 2026\nSulnox Group Plc\n(the \"Company\" or \"Sulnox\")\n \nQ3 Trading Update: Year-to-date sales up 161%\n \n(Aquis Stock Exchange: SNOX)\n \nSulnox, the greentech company delivering lower fuel costs and emissions with zero capex, is pleased to announce its trading update for Q3 (1 October to 31 December 2025).\n \nKey Metrics for Q3 (unaudited):\n \n· Year-to-date revenue of £1,693.8k up 160.6% against the same period in the prior year (£650.0k)\n· Q3 sales of £491.8k up 134.7% against the same quarter in the prior year (£209.6k)\n· Year-to-date volume of product sold up 265.3% against the same period prior year.\n· Unaudited cash balance as at 31 December 2025 of £1,121.9k (Q2: £1,362.8k).\n· Trading has remained strong into Q4, with £335.4k of sales already secured - alongside a robust level of committed orders to be fulfilled during the quarter.\n \nOther Highlights\n \nShipping update\n \nToday the Company is now engaged with 85 shipping companies, double the number in the same quarter last year and up from 75 in the previous quarter. The fleets engaged now comprises not only ship owners, but also fleet managers and charterers all seeking to reduce fuel costs and emissions, to mitigate increasing regulatory costs.\nDuring Q3, Spring Marine, a leading Greek ship management company, expanded its use of Sulnox EcoTM across its 28-strong fleet of Tankers and Bulk Carriers following two years of proven fuel savings and additional operational benefits for its vessels. Spring Marine is also extending use of Sulnox Eco to a number of vessels under charter. The fleet-wide rollout represents another major supply arrangement and further validation for Sulnox Eco, generating significant repeat revenue for the Company from a key customer in the influential Greek shipping sector. Based on current plans, Sulnox estimates annual Spring Marine product use could reach around 80,000 litres per annum as t...