Getech Group returns to full-year revenue growth
By Josh White
Date: Tuesday 20 Jan 2026
(Sharecast News) - Getech Group reported a return to revenue growth and its first positive EBITDA result since 2019 on Tuesday, as a turnaround programme led by a new management team delivered cost reductions, sharper strategic focus and improved sales momentum in 2025.
The AIM-traded subsurface resources specialist said unaudited revenue for the year ended 31 December was expected to rise 6% to £5m, compared with £4.7m in 2024, while adjusted EBITDA was forecast at £0.5m, reversing a £0.6m loss in the prior year and coming in ahead of market expectations.
It said the improvement reflected the successful execution of a reset strategy over the past 11 months.
Getech said it had refocused the business on its traditional core markets of oil and gas and mining, while maintaining selective exposure to natural hydrogen opportunities.
As part of the reset, the group reduced its cost base by around 20%, equivalent to approximately £1m on an annualised basis, and expanded and reorganised its global sales team under a new sales director, leading to an improved quality and scale of sales pipeline.
The order book stood at £3.8m at the end of December, down slightly from £4.1m a year earlier, reflecting the normal conversion of contracted work into revenue.
Cash at bank was £0.2m at the year end, affected by a delayed £0.4m customer payment linked to the US government shutdown in the fourth quarter, which was received shortly after the period ended.
Receivables totalled £1.5m, while debt stood at £0.15m.
Annual recurring revenue at the end of the year was £2.8m, broadly in line with 2024, and was expected to improve in 2026 as multi-year subscription contracts for the Globe platform convert from the sales pipeline.
Looking ahead, Getech said positive momentum had carried into 2026, supported by a deeper and more visible sales pipeline.
The company added that it had established itself as a market leader in the emerging natural hydrogen market through selective project identification and expects further targeted activity in the year ahead.
"We have achieved the goals we set at the start of the year," said chief executive Chris Jepps, adding that the business had been taken "back to its roots by focusing on the markets we know best - oil and gas, mining and natural hydrogen."
He said the group was now focussed on building momentum by growing revenue lines and increasing predictable subscription income to support future outperformance.
At 1604 GMT, shares in Getech Group were up 4.76% at 2.2p.
Reporting by Josh White for Sharecast.com.
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