Getech Group (AIM:GTC) reported revenue of £2.4 million for the six months to 30 June, up 15% from £2.1 million a year earlier.
The AIM-listed group, which supplies subsurface data and software used to locate oil, gas and mineral resources, swung to an adjusted EBITDA profit of £0.2 million, compared with a £0.1 million loss in the same period last year.
Net cash generated from operating activities was £0.9 million, against an outflow of £0.3 million in H1 2025, lifting the cash balance to £0.6 million at period end from £0.2 million at the start of the year.
The contractually committed order book grew to £4.7 million at the end of August, up from £4.0 million at 30 June and £3.8 million at the end of December, while annualised recurring revenue rose to £3.0 million from £2.8 million over the same window.
A three-year Globe subscription renewal with a state-backed Asian offshore oil and gas producer, worth around £520,000, delivered a 28% uplift versus its previous term, and Unconventionals Analyst revenue grew 22% year-on-year.
"The Board remains confident that Getech will build on current momentum as it executes its growth strategy", said chairman Michael Covington.
Since the period ended, Getech signed a new multi-year Globe agreement with a European oil and gas supermajor worth $660,000 over three years, and joined a consortium delivering the European Commission's first Europe-wide assessment of natural hydrogen potential, worth more than €1 million to the company across FY26 and FY27.
The company said trading momentum remains positive and it is well placed to meet market expectations for FY26.
News Intelligence what this means for the company
Getech swung to adjusted EBITDA profitability in H1 2026 on 15% revenue growth to £2.4m, while annualised recurring revenue rose to £3.0m and the order book expanded to £4.7m by end-August. The company has since secured a €1m+ European Commission natural hydrogen contract and a $660k three-year Globe deal with a European supermajor, positioning it to meet full-year guidance with positive trading momentum.
Getech has moved from loss-making to EBITDA-positive on modest revenue scale, backed by order-book coverage of 1.7x H1 revenue and a shift toward recurring revenue (now £3.0m annualised). The new supermajor contract and hydrogen consortium work extend the growth runway, though the £0.6m cash balance remains tight relative to operating needs and leaves little room for execution missteps.
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