**Summary of Metir PLC Half-Year Report (H1 2025)**
Metir PLC, a global provider of fast-response water and environmental testing technology, reported significant growth and operational progress in its unaudited interim results for the six months ended 30 June 2025. Key highlights include
**Financial Performance**
**Revenue Surge** Revenue increased by 828% to £919,000 (H1 2024: £111,000), driven by strong sales of Microtox® LX instruments (£368,000), reagent sales (£117,000), and the flagship Qatar Continuous Toxicity Monitors (CTM) project (£386,000).
**Gross Profit Margin** Remained stable at 38.3%, with reagents delivering the highest margin (>70%) and LX instruments the lowest (18%).
**Loss Reduction** Adjusted EBITDA loss improved by 54% to £(261,000), and the net loss halved to £(304,000), reflecting higher revenues and cost control.
**Cash Position** Cash balance stood at £585,000, supported by a successful £780,000 fundraise in June 2025.
**Operational Highlights**
**Strategic Reset Completion** The 2024 reset positioned Metir for growth, with a rebranded identity aligning Modern Water and Microsaic Systems technologies.
**Product Launches** Introduced SRB kits in June 2025 and advanced the PFAS mobile testing platform in partnership with Swansea University.
**Qatar Project Success** Completed installation of 27 CTMs in Qatar, with final approval from Kahramaa activating a £198,000 payment.
**Partnerships** Signed a collaboration with Aptamer Group to develop real-time pathogen detection technology for drinking water.
**Outlook**
**Market Positioning** Metir is well-placed to capitalize on tightening environmental regulations and growing demand for real-time testing solutions.
**Growth Strategy** Focus on accelerating sales, improving gross margins (targeting 60%), and expanding into new markets with LX, FX, and CTM instruments.
**Innovation Pipeline** Progress in PFAS testing and pathogen detection technologies opens new market opportunities.
**Governance and Investment** Strengthened governance with a senior finance leader appointment and plans to invest in infrastructure and product development to drive long-term growth.
**Management Commentary**
Executive Chairman and CEO Bob Moore highlighted the pivotal period for Metir, emphasizing the return to growth, strategic milestones, and the companys readiness to address global water quality challenges. The focus remains on commercialization, margin improvement, and sustainable value creation for shareholders.
**Conclusion**
Metir PLC demonstrated robust financial and operational progress in H1 2025, positioning itself as a leader in environmental testing technology. With a clear growth strategy and innovative product pipeline, the company is poised to capitalize on emerging market opportunities while maintaining financial discipline.