Xeros Technology Group (LSE:XSG) reported unaudited revenue of £0.1 million for the six months ended 30 June 2026, an increase of 67.7%, with contributions from each of its three core technology areas.
The company reported an adjusted EBITDA loss of £1.6 million, unchanged from the comparative figure provided, and ended the period debt free with cash of £3.5 million.
Xeros said conditions in the major appliance market have affected programme timelines, with some revenue previously anticipated in the second half of 2026 now likely to move into the first half of 2027.
Microplastic Filter Enters German Retail Market
During the period, Xeros launched its XF3 external microplastic filter for consumers in Germany through MediaMarkt.
A UK retail launch through Russell Hobbs is expected, while the company said additional distribution agreements are being finalised for Nordic and U.S. markets.
The XF3 forms part of Xeros’s microplastic filtration business, one of the group’s three principal technology areas alongside laundry care and denim finishing.
Xeros Progresses Laundry Care Agreements
In laundry care, Xeros advanced a launch agreement with one of the world’s largest washing machine brands. Technical verification work is also continuing with two additional top-10 original equipment manufacturers.
The company has initiated an additional go-to-market strategy that could result in Xeros-designed washing machines reaching the market in 2028.
Xeros estimates that a successful launch under this strategy may represent a revenue opportunity of £25 million. The timing and potential revenue remain dependent on the programme progressing to launch.
Yilmak Places Denim Finishing Machines Across Multiple Markets
In denim finishing, Xeros partner Yilmak has placed machines in manufacturing markets including Turkey, Egypt, Pakistan, Bangladesh, Sri Lanka and India.
The company anticipates multiple follow-on orders, which it said could contribute to growth from 2027.
Xeros said it is seeing interest across its microplastic filtration, laundry care and denim finishing technologies. However, weaker demand for major appliances and increased competition from lower-cost Southeast Asian manufacturers have extended some programme timelines.
More about Xeros Technology Group plc
Xeros Technology Group plc develops patented technologies intended to reduce the environmental impact associated with clothing manufacture and care. Its activities cover microplastic filtration, laundry care systems and denim finishing technologies.
The company generates revenue through licensing, royalties and consumable sales. It estimates its addressable markets at £350 million annually for microplastic filters, £3 billion for laundry care and £132 million for denim finishing.
Its technologies are designed to reduce water, energy and chemical consumption in industrial and domestic laundry processes, as well as fibre damage and the release of microplastics from washing machines.
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