Trading Statement

GETECH Group plc

14 July 2026

 

14^th July 2026

Getech Group plc

("Getech" or the "Company")

Trading Update

Strong First Half Performance with Continued Momentum for the Full Year

Getech (AIM: GTC), a leading locator of subsurface resources, is pleased to provide the following trading update (unaudited) for the six months to 30 June 2026 ("H1 FY26").

H1 FY26 Highlights:

·    18 months on, the strategic plan to re-focus the business on its traditional markets is delivering improvements across key financial and operational metrics, further backed by a much-improved new business pipeline.

·    Trading strengthened over the course of the six-month period leading to the Company expecting revenue growth of 15% to £2.4m (H1 FY25: £2.1m) driven by a positive mix of new and retained business.

·    This increased sales level and actions taken to reduce the cost base by c. 20% in 2025 have led to adjusted EBITDA improving to £0.2m versus a loss in the comparable period last year (H1 FY25: loss of £0.1m).

·   Developed by the re-organised sales team under a new sales Director, the new business pipeline has expanded significantly underpinning the Company's growth prospects in H2 FY26 and beyond.

·    The Group orderbook on 30 June 2026 stood at £4.0m (FY25: £3.8m), with £1.6 million expected to unwind into revenue in H2 FY26.

·     Cash at bank on 30 June 2026 of £0.6m (FY25: £0.2m).

·    Annual recurring revenue ("ARR") at 30 June 2026 was £2.8m (FY25: £2.8m), reflecting continued strong customer retention across the Group's subscription products. Growing ARR remains a key strategic priority, and the quality of the Group's subscription customer base provides a solid foundation for future growth, supported by a pipeline of material recurring revenue opportunities.

FY26 Outlook:

·     Instability in the Middle East has reinforced the importance of secure global energy supply, further driving renewed demand for high quality exploration.

·   All energy sources are being evaluated to support future requirements with major energy companies and governments alike seeking to secure long-term solutions.

·   Getech's core markets, the Oil & Gas, Mining and Natural Hydrogen sectors, have seen increased exploration activity. This combination is expected to be reflected in the Company's future performance given Getech's proven credentials in identifying and de-risking new exploration projects.

·   As a result, trading momentum remains positive and the Company is well placed to build on its H1 FY26 performance.

Chris Jepps, CEO of Getech, said:

"We are pleased with the progress made during the first half of 2026. Revenue growth, improved profitability and a stronger new business pipeline demonstrate that the actions taken over the past 18 months are delivering results.

Demand across our core energy and natural resource markets remains encouraging and Getech is well positioned to support customers seeking high-quality subsurface intelligence and exploration insights with an excellent reference client list, including four of the world's six recognised oil and gas supermajors as Globe subscribers.

We remain focused on growing ARR, converting our pipeline into contracted revenue and maintaining disciplined cost control. With positive trading momentum and a healthy pipeline, we remain comfortably in line with market expectations for FY26."

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

For further information, please contact:

Getech Group plc Chris Jepps, CEO	Tel:  [phone]
Cavendish Capital Markets Limited Neil McDonald / Pete Lynch / Hanna Leijonmarck (Corporate Finance) Jasper Berry / Dale Bellis (Sales)	Tel:  [phone]
Novella Communications	Tel: [phone]
Tim Robertson / Oliver Norton
[e-mail]

Notes to editors:

About Getech

Getech is a leading locator of subsurface resources essential for the world's energy security and sustainable transition. The Company combines unique geoscience expertise, AI-driven analytics, and extensive geospatial insight to identify new energy and mineral resources and streamline exploration processes. Serving clients across corporates, government and regulators in a wide range of industries, Getech is committed to enabling energy and mineral security while supporting a shift towards low carbon sources.

Founded in 1994 Getech is listed on the Alternative Investment Market of the London Stock Exchange ("AIM"), with ticker symbol GTC.

For further information, please visit www.getech.com.

 

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