Business
Cost Base Update
Forgent plc has successfully implemented its cost optimisation programme, achieving an annualised reduction of over 50% in the Group's recurring operating cost base compared to the full financial year ending 31 December 2024. This significant reduction, achieved through streamlining operations across multiple countries and workforce rationalisation, establishes a leaner and more scalable operating structure. The company believes this improved cost base provides a strong foundation for executing its strategy, enabling targeted capital allocation towards exploration activities and key gasification projects, while maintaining strict cost control. Disclaimer*
About this update from Forgent Plc
25 March 2026 Forgent plc ("Forgent" or the "Company") Cost Base Update Forgent plc (AIM: FORG), the technology-led energy transition company, is pleased to announce an update on its previously announced cost optimisation programme. Further to the actions outlined in the Company's announcement of 24 October 2025, the Board confirms that these measures have now been fully implemented and extended, resulting in an annualised reduction of over 50% in the Group's recurring operating cost base compared to the full financial year to 31 December 2024 . As previously disclosed, the programme included the streamlining of operations across Spain, the UK and France, as well as Croatia and Ireland, delivering reductions in rent and associated establishment costs, together with a rationalisation of the workforce. These actions, combined with continued financial discipline and prioritisation of core activities, have enabled the Company to transition to a materially leaner and more scalable operating structure. The Board believes this materially reduced cost base provides a strong foundation for the execution of Forgent's strategy, supporting targeted capital allocation towards near-term exploration activities and the delivery of key gasification projects. The Company remains focused on maintaining strict cost control as it progresses towards its operational milestones. For further information on Forgent plc, visit the Company's website www.eqtec.com or contact: ENQUIRIES FORGENT plc James Parsons [email protected] Strand Hanson - Nomad & Financial Adviser James Harris / Richard Johnson +44 20 7409 3494 Global Investment Strategy UK Ltd - Broker Christopher Kipling Samantha Esqulant +44 20 7048 9045