Symphony Environmental Technologies (AIM:SYM), which develops additives and resins designed to make plastic products biodegradable and more functional, posted a pre-tax loss of £2.50 million for the year ended 31 December 2025, compared with a loss of £1.34 million a year earlier.
Revenue fell 13% to £5.73 million from £6.59 million, with the company attributing the decline to disruption in Middle East operations that have since been restructured under a Symphony-led sales team working alongside a Saudi manufacturing partner.
The wider loss reflected a £0.47 million impairment of development costs, one-off strategic and legal costs of £0.50 million, and higher administrative expenses of £4.31 million against £3.84 million in 2024.
The one offsetting improvement was gross margin, which widened to 51% from 46%, as management shifted focus toward higher-quality revenue streams and tighter sourcing discipline.
The post-period update carries the more consequential signal: Symphony said it achieved a net profit in the first five months of 2026, against a loss in the same period last year, with revenues running approximately 10% ahead.
"The combination of an improved operating model, strengthened margins, enhanced regulatory positioning and a maturing technology pipeline places the Group on a materially stronger footing than in prior periods," said chairman's statement.
The convertible loan repayment deadline has been extended to 31 January 2027, with net borrowings (excluding convertible loans and lease liabilities) standing at £0.86 million at year end.
