**Summary of Xeros Technology Group Plc Interim Results 2025**
Xeros Technology Group Plc, a developer of sustainable technologies for the clothing industry, announced its unaudited interim results for the six months ended 30 June 2025. The company highlighted significant progress in commercializing its technologies, particularly in microfibre filtration and garment finishing.
**Key Highlights**
1. **Commercial Agreements**
Secured launch plans with a leading European consumer electronics retailer and a major global appliance company for the XF3 external microfibre filtration unit.
Signed a Letter of Intent (LOI) with Guangdong Welly Electrical Appliance Co. Ltd to develop a washing machine with Xeros integrated microfibre filter (XF1) and a module version for the global supply chain.
Russell Hobbs plans to distribute the XF3 filter into UK retailers through Product Care Group before year-end.
2. **Partnerships and Sales**
Yilmak secured its first denim manufacturing partnership with Ambition Apparel in Pakistan, producing over 9 million pairs of jeans annually.
One of four leading global OEMs in technical verification for Laundry Care (XC1) is close to signing a paid agreement.
3. **Financial Performance**
Revenue of £65k (H1 2023£79k), with delays pushing some income into the second half.
Adjusted EBITDA loss reduced to £1.6m (H1 2024: £2.4m) due to lower ongoing costs.
Administrative expenses decreased to £1.8m (H1 2024: £2.6m).
Net cash outflow from operations fell to £1.6m (H1 2024: £2.6m), with cash at £0.8m as of 30 September 2025.
4. **Strategic Developments**
Strengthened Advisory Board with appointments of Dr. Tim Moore and Stuart Sawyer to support commercial growth.
Delays in IFBs washing machine launch pushed anticipated royalty revenue into 2026.
5. **Outlook**
Despite lower revenue in 2025, the company is confident in its progress, with commercial agreements across all three technologies poised to deliver meaningful revenue.
Anticipates further agreements and revenue growth in 2026, supported by global partnerships and increasing demand for sustainable solutions.
**CEO Statement**
Neil Austin, CEO, expressed excitement about the companys progress, emphasizing the potential of Xeros technologies to revolutionize the laundry and fashion industries. He highlighted the focus on scaling technology through global partnerships and addressing consumer and legislative demands for sustainability.
**Financial Review**
The company reported a 32.6% reduction in operating loss to £1.7m, driven by cost control measures. Cash utilization remains in line with expectations, and the company expects to remain cash positive for 2025.
**Conclusion**
Xeros Technology Group Plc is making significant strides in commercializing its sustainable technologies, with partnerships and agreements across key markets. Despite short-term revenue delays, the company is well-positioned for long-term growth, supported by its innovative solutions and global industry trends toward sustainability.