STRIP TINNING HOLDINGS PLC (STG) — Final Results for the year ended 31st December 2025

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the STRIP TINNING HOLDINGS PLC twenty twenty five Annual Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Just simply type in your questions and press send. Before we begin, I would like to submit the following poll and I would now like to hand you over to CEO Mark Perrens. Good morning. Good morning. Thank you and welcome everybody to the twenty twenty five annual results presentation for STGPTINNING. I'm Mark Perrens, CEO and I'm joined here with Kevin Edwards, our CFO. Right. Right. I will take you through the slides, give you an update on on where we're at. So just some highlights to start, in terms of revenue. You'll see we came in at 8,600,000, which is 5% down on last year. That was anticipated as we switched the portfolio from the old traditional lower margin products into the higher tech areas that we're now focused. And with this year being the year where our volume really starts to ramp up to 13,200,000. You'll see with the next bubble layer that adjusted EBITDA's improved 75% on 2024, coming in at a 500,000. That's a reflection of the good work we've been doing on efficiency improvements throughout last year. Again, reflected in the gross margin being 22% better than the previous year at 40%. And you can see in the graph on the bottom left, steady progress that we've made since 2022 year, improving year on year our gross margin. We were able to finish the year with slightly more cash than we did in 2024 at $600,000 and we generated $1,600,000 in cash. We did that really through catching back on some of our R and D tax credit claims, red...