Revenue growth, improved profitability and major contract wins support positive outlook for FY26
AIM-listed Getech, a world leading locator of subsurface resources, has announced its unaudited interim results and report for the six months to 30 June 2026 ('H1 2026').
Financial Highlights
- H1 2026 revenue of £2.4 million (H1 2025: £2.1 million), representing a 15% increase compared with the prior period.
- Growing contractually committed order book:
- £4.7 million at 31 August 2026
- £4.0 million at 30 June 2026
- £3.8 million at 31 December 2025
- Growing Annualised Recurring Revenue ("ARR")
- £3.0 million at 31 August 2026
- £2.8 million at 30 June 2026
- £2.8 million at 31 December 2025
- Cost base excluding exceptional items reduced to £2.4 million (H1 2025: £2.5 million).
- Adjusted EBITDA profit of £0.2 million (H1 2025: Adjusted EBITDA loss of £0.1 million), demonstrating the positive impact of revenue growth and improved operating efficiency.
- Net cash generated from operating activities of £0.9 million (H1 2025: £0.3 million outflow).
- Cash balance of £0.6 million at 30 June 2026 (31 December 2025: £0.2 million).
Operational Highlights
- Continued investment in Getech’s proprietary product portfolio, including the release of Globe 2026.1 and Exploration Analyst 3.2, delivering enhanced data, analytical capabilities and more efficient exploration workflows.
- Significant three-year Globe subscription renewal with a major state-backed Asian offshore oil and gas producer, with a total contract value of c. £520k, representing a 28% uplift in renewal value.
- Strong performance from Unconventionals Analyst, achieving 22% revenue growth compared with H1 2025, alongside continued development of Getech’s wider software portfolio.
- Growing demand for expert services, including gravity & magnetics, geoscience interpretation and spatial analytics projects across the energy and natural resources sectors.
- Sales team delivered further improvements in the size and quality of the new business pipeline, including several material opportunities each capable of adding significantly to revenue and ARR.
Post Period End & Outlook
- Signed a new multi-year Globe agreement with a European-headquartered oil & gas supermajor, with total contract value of $660k recognisable over three-years.
- Landmark European Commission contract demonstrates the commercial potential of the emerging natural hydrogen sector, with Getech joining a consortium to deliver the first Europe-wide assessment of subsurface natural hydrogen, with an expected value of €1 million to be recognised by the Company across FY26 and FY27.
- Industry conditions support a strengthening oil & gas exploration outlook, driven by low reserve replacement and an increased focus on energy security.
- Emerging resource opportunities are also being evaluated to support future energy requirements with major energy companies and governments alike seeking to secure long-term solutions.
- Trading momentum remains positive and the Company is well placed to meet market expectations for FY 2026.
Michael Covington, Getech Chairman, commented:
'The first half of 2026 has been an important step forward for Getech. We delivered profitable EBITDA, improved cash generation and strengthened our recurring revenue base, whilst continuing to invest in the proprietary data and technologies that differentiate the Company. Our largely fixed cost base provides the potential for meaningful operational leverage as revenues expand. The calibre of customers and partners choosing to work with Getech reflects the value of our assets and expertise. The Board remains confident that Getech will build on current momentum as it executes its growth strategy.'
Investor Meet Company presentation
The company will hold an investor call on 23 September 2026 at 3 pm to discuss the interim results. Investors can sign up to Investor Meet Company for free and add to meet Getech via: https://www.investormeetcompany.com/companies/getech-group-plc
Source: Getech
