MicroSalt PLC, a leading manufacturer of full-flavour natural salt with approximately 50% less sodium, announced its final results for the year ended 31 December 2025. The company reported significant progress in commercializing its low-sodium salt technology across North America, Canada, and Mexico, with recurring purchase orders for bulk products and investments in R&D. Key highlights include
**Revenue Growth**Revenue increased to US$2.1 million in FY25 from US$0.75 million in FY24, primarily driven by higher B2B sales volumes.
**Net Loss Reduction**Net loss decreased to US$3.2 million from US$5.8 million, due to increased revenue, operational efficiencies, and reduced administrative expenses.
**Strategic Partnerships**Secured recurring revenue streams with a major international snack brand and a global food and beverage company.
**Customer Growth**Received repeat purchase orders totaling US$1.16 million from a leading beverage and snack food companyโs Mexican division, with additional orders from its Canadian and US units.
**Product Expansion**Selected for inclusion in two new frozen pizza products, marking entry into a new category.
**R&D Innovations**Continued development of new carriers and formulations to broaden product applications.
**Health Impact**Contributed to 830 million servings of healthier food, reinforcing commitment to reducing sodium consumption.
**Post-Period Highlights**Sales through April 2026 reached US$1.0 million, with continued expansion into new markets like the UK and the launch of MicroSalt Fibre to address fibre deficiency in GLP1 diets.
**Financial Strengthening**Raised US$5.6 million through equity fundraises, supporting inventory build and R&D.
**Future Outlook**Updated FY2026 sales guidance to US$4.5 million, with expectations of continued growth in 2027 and beyond.
MicroSalt remains well-positioned to capitalize on global demand for healthier food solutions, driven by regulatory focus and consumer preferences for lower-sodium products.
### Explanation:
1. **Revenue**: Increased significantly from US$750,000 in 2024 to US$2,069,000 in 2025, primarily due to higher B2B sales volumes.
2. **Net Loss**: Reduced from US$5,800,000 in 2024 to US$3,200,000 in 2025, attributed to increased revenue, improved operational efficiencies, and reduced administrative expenses.
3. **Inventories**: Decreased by US$123,000, mainly due to a reduction in finished goods as a result of B2B orders received in late 2025.
4. **Trade and Other Receivables**: Increased slightly by US$66,000, primarily composed of trade receivables.
5. **Trade and Other Payables**: Decreased by US$172,000, due to delayed payments in the prior year as part of cash management.
6. **Borrowings**: Increased by US$125,000, mainly due to interest accrued on convertible loan notes, offset by a repayment of US$150,000 in June 2025.