**Summary of Getech Group plc Half-Year Report (H1 2025)**
**Overview**
Getech Group plc, a leading locator of subsurface resources, released its unaudited interim results for the six months ending 30 June 2025. The report highlights significant operational and financial restructuring, strategic focus on core markets, and progress in emerging areas like Natural Hydrogen.
**Operational Highlights**
**Restructuring**Achieved £1m in cost savings (20% annualised reduction) through staff and administrative streamlining.
**Sales Growth**54 signed contracts, with 57% from new customers, and strengthened sales leadership.
**Key Renewals**Secured major contract renewals with super-major clients for the Globe platform.
**Product Enhancements**Released new versions of Globe (v2025.1, v2025.2) and Unconventionals Analyst (v3.3).
**Natural Hydrogen**Emerging as an industry leader, with significant demand growth and strategic partnerships (e.g., Sound Energy joint venture).
**New Service**Launched a seismic-focused exploration service in partnership with STRYDE.
**Financial Highlights**
**Revenues**: £2.1m (H1 2024: £2.2m)broadly flat due to FX impacts.
**Orderbook**Increased to £4.2m (31 August 2025) from £3.8m, with £1.6m to be released in H2 2025.
**Cost Reduction**12% decrease in H1 2025 cost base to £2.5m, on track for 20% annualised reduction.
**Cash & Debt**Cash balance of £0.4m (30 June 2025), debt-free after repaying borrowings from Nicholson House sale.
**EBITDA**£0.1m loss (H1 2024: £0.3m loss), on track for EBITDA break-even in 2025.
**Post-Period Developments**
**Board Strengthening**Chris Jepps confirmed as CEO, Simon Brown appointed CFO, and Max Brouwers as Executive Director.
**Outlook**Improved sales pipeline supports mid-to-high single-digit organic revenue growth and EBITDA positivity in 2025.
**Strategic Focus**
**Core Markets**Re-focused on Oil & Gas and Mining, leveraging long-term client relationships.
**Natural Hydrogen**Progressing joint ventures (e.g., HyMaroc Limited) and exploration projects.
**Technology**Enhanced AI and machine learning capabilities for resource exploration.
**Chairman’s Statement**
Michael Covington emphasized the success of restructuring efforts, improved commercial focus, and optimism for the traditionally stronger H2 2025, targeting revenue growth and EBITDA positivity.
**CEO’s Statement**
Chris Jepps highlighted cost reduction, debt elimination, and strategic realignment. Noted growth in sales pipeline and progress in Natural Hydrogen, with confidence in achieving 2025 targets.
**Financial Review**
**Revenue**: Flat at £2.1mimpacted by FX and late renewals.
**ARR**Decreased to £2.6m (H1 2024: £2.9m) due to FX and churn, but post-period increased to £2.7m.
**Profitability**Adjusted EBITDA loss improved to £0.1m, on track for break-even.
**Cash Flow**Net cash outflow of £0.5m, including £0.3m exceptional costs.
**Outlook**
Getech is well-positioned in Oil & Gas, Mining, and Natural Hydrogen sectors, leveraging global demand and strategic partnerships. Focused on delivering revenue growth and EBITDA positivity in H2 2025.
**Conclusion**
Getech’s H1 2025 results reflect successful restructuring, strategic realignment, and progress in emerging markets. The company is poised for growth in H2 2025, with a strengthened board and improved financial position.