Getech saw its shares jump 12.8% after releasing interim results showing revenue growth and a return to adjusted EBITDA profit.
For the six months ended June 30, 2026, the subsurface resources company generated revenue of 2.4m, up from 2.1m in the same period a year earlier - a 15% increase. Adjusted EBITDA turned positive at 0.2m, compared with an adjusted EBITDA loss of 0.1m in the first half of fiscal 2025.
Management attributed the top-line improvement to a mix of new engagements and retained business. The company also pointed to cost reduction measures put in place during 2025, which it says reduced the cost base by approximately 20%.
Working-capital indicators showed improvement. Cash at bank was 0.6m on June 30, 2026, up from 0.2m at the end of fiscal 2025.
On the demand side, the orderbook stood at 4.0m on June 30, 2026, compared with 3.8m at the end of fiscal 2025. The company expects 1.6m of that orderbook to convert to revenue in the second half of fiscal 2026. Annual recurring revenue remained unchanged at 2.8m.
Getech highlighted a strategic reorientation over the past 18 months toward its traditional markets, which management says has broadened the new-business pipeline. The company also noted that increased exploration activity in its core Oil & Gas, Mining and Natural Hydrogen sectors is expected to underpin future performance.
In its statement the company said it remains in line with market expectations for fiscal 2026, pointing to positive trading momentum and a healthy pipeline. The group also serves four of the worlds six oil and gas supermajors as Globe subscribers.
Analytical perspective
From an operations and working-capital standpoint, the interim results show a modest conversion of cost savings and a small improvement in cash, while orderbook growth is incremental. The 1.6m of expected H2 conversion will be an important driver for second-half revenue recognition and will be watched closely by investors assessing backlog conversion into cash and profit.