Business
Trading and Middle East operations update
Symphony Environmental Technologies Plc expects Group revenue of approximately £5.4 million for the year ending 31 December 2025, with a comparable adjusted LBITDA to the previous year's £0.9 million, due to a strategic shift in its Middle East operations to Saudi Arabia with a new manufacturing agreement in Jeddah. While this transition will result in nearly 70% lower d2w volumes in the Middle East for the second half of 2025 compared to the prior year, volumes are projected to exceed 2024 levels in 2026. The company is strengthening its direct sales force and is confident this move, aligned with Saudi Vision 2030 and local manufacturing initiatives, positions it to capitalize on anticipated market growth. Disclaimer*
About this update from Symphony Environmental Technologies Plc
[{"type":"text","content":"\n\n \n \nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n17 December 2025\nSymphony Environmental Technologies plc\n(\"Symphony\", the \"Company\" or the \"Group\")\nTrading update and significant transformation of operations in the Middle East\n \n \nSymphony Environmental Technologies Plc (AIM:SYM), global specialists in technologies that make plastic and rubber products \"smarter, safer and sustainable\", announces that as a result of management- driven strategic change in its Middle East operation, Group revenue for the year ending 31 December 2025 is now expected to be approximately £5.4 million, and a comparable adjusted LBITDA to that incurred in the previous year of £0.9 million.\n \nSignificant transformation of operations in the Middle East\n \nThe Board is pleased to announce that it has successfully commenced its new manufacturing agreement with Pure Polymers in Jeddah, Saudi Arabia. This is a key pillar of the Group's strategic expansion in the Middle East to capture increasing share of anticipated growth in Middle East markets driven by regulatory enforcement and general macroeconomic dynamics.\nThis milestone builds on previous positive statements by the Company where we noted the increasing demand for d2w biodegradable plastic masterbatch technology in the region, supported by improved enforcement of SASO 2879 plastic regulations. These regulations mandate the use of oxo-biodegradable products and specifically exclude \"compostable\" and non-biodegradable alternatives. Symphony's d2w masterbatches, now produced locally in Saudi Arabia, are fully compliant and have received approval from SASO (Saudi Arabian Standards, Metrology and Quality Organization), ensuring both regulatory approval and environmental responsibility. Symphony is also strengthening its direct sales force in the region to accelerate progress in this market.\nIn line with this development, manufacturing operations in Dubai have ceased, reflecting the Company's focus on Saudi Arabia, where the ...