Getech (LSE:GTC) delivered a stronger first half for fiscal 2026 as its renewed emphasis on core subsurface markets continued to gain traction. The company reported a 15% increase in revenue to £2.4 million and returned to an adjusted EBITDA profit of £0.2 million following earlier cost-saving measures. Its order book expanded to £4 million, cash balances improved to £0.6 million, and annual recurring revenue remained stable at £2.8 million, supported by high customer subscription retention and a significantly larger sales pipeline.
Management said business momentum continues to build, driven by growing global concerns over energy security and increased exploration activity across the oil and gas, mining and natural hydrogen industries. With £1.6 million of contracted work scheduled to be recognised as revenue during the second half of the year, alongside continued emphasis on recurring revenue growth and disciplined cost management, the company remains confident of meeting full-year market expectations.
Despite the improved trading performance, the outlook is still tempered by ongoing losses and negative operating and free cash flow, although both have shown meaningful improvement compared with 2025. Investor sentiment is also affected by weak technical indicators, with the shares continuing to trade below key moving averages. In addition, the company’s valuation remains under pressure due to its negative price-to-earnings ratio, reflecting the absence of consistent long-term profitability.
About Getech Group plc
Getech Group plc is an AIM-listed geoscience and technology company focused on identifying subsurface resources that support global energy security and the energy transition. By combining geoscience expertise with AI-powered analytics and geospatial data, the business helps governments, regulators and corporate clients locate energy and mineral resources while improving exploration efficiency across the oil and gas, mining and emerging natural hydrogen sectors.
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