Business
Interim Results 2025
Interim Results 2025.
About this update from Xeros Technology Group Plc
[{"type":"text","content":"\n\n30 September 2025\nXeros Technology Group Plc\n \n(\"Xeros\" or the \"Company\" or the \"Group\")\n \nInterim Results 2025\n \nFirst fruits from commercialisation and significant new agreements\n \nXeros Technology Group plc (AIM:XSG), the creator of technologies that reduce the impact of clothing on the planet, announces its unaudited interim results for the six months ended 30 June 2025. The results show the first sales from denim processing partner Yilmak, and significant new agreements as the benefits of Xeros' technology for businesses, and the planet, continue to gain traction.\n \nHighlights\n \n\n\n\n\n·\n\n\nLaunch plans agreed with a leading European consumer electronics retailer, as well as a major global appliance company, to market and sell the external microfibre filtration unit (XF3), into all major European markets\n \n\n\n\n\n·\n\n\nYilmak has secured its first denim manufacturing partnership for its denim processing machines with a prominent Pakistan-based manufacturer, Ambition Apparel, which produces over nine million pairs of jeans a year\n \n\n\n\n\n·\n\n\nLetter of Intent (\"LOI\") signed with Guangdong Welly Electrical Appliance Co. Ltd (\"Welly\"), a key supplier to the fast-moving Chinese appliance industry, to develop a washing machine with Xeros' integrated microfibre filter (XF1), and to develop a module version for the global supply chain\n \n\n\n\n\n·\n\n\nOne of four leading global OEMs currently in technical verification for Laundry Care (XC1) anticipated to move to a paid for agreement imminently\n \n\n\n\n\n·\n\n\nRussell Hobbs plans to distribute the XF3 external filter into UK retailers through Product Care Group (\"PCG\") before the year end\n \n\n\n\n\n·\n\n\nAdvisory Board strengthened to help support and progress new commercial developments\n \n\n\n\n\n·\n\n\nDelays with IFB's launch of its 9kg domestic washing machine have pushed anticipated royalty revenue out of the current year\n \n\n\n\n\nFinancial Summary\n \n\n\n\n\n·\n\n\nRevenue of £65k (H1 23: £79k) for the period to 30 June 2025 as delays pushed some income into the second half\n \n\n\n\n\n·\n\n\nAdjusted EBITDA loss fell to £1.6m (H1 24: £2.4m) reflecting lower ongoing costs\n \n\n\n\n\n·\n\n\nLower administrative expenses at £1.8m (H1 24: £2.6...