Symphony Environmental Technologies (AIM:SYM), the AIM-listed maker of additives that enhance the environmental performance of plastics, reported revenue of £3.61 million for the six months to 30 June, up 23% from £2.93 million a year earlier.
The group swung to a net profit after tax of £55,000, reversing a £503,000 loss in H1-2025.
Gross margin improved to 59% from 51%, while gross profit rose 43% to £2.1 million.
Operating profit reached £180,000, against an operating loss of £370,000 in the prior period, and cash used in operations fell 87% to £90,000 from £660,000.
Growth was led by d2w® masterbatch sales, up 20% to £3.03 million, following the shift to a Symphony-led Middle East sales model backed by a new UAE subsidiary and regional manufacturing partner.
d2p® masterbatch sales rose 21% to £290,000, supported by repeat orders for its AI insecticidal technology used in drip-irrigation products.
The company received four full container orders for its NbR™ biodegradable resin during the period, including an initial delivery to Jordan.
Net borrowings, excluding convertible loans and lease liabilities, stood at £810,000 at period end, up from £540,000 at 31 December 2025.
In India, a new biodegradability standard introduced by the Bureau of Indian Standards has clarified the certification pathway required before Symphony can market its d2w® products there, with certification targeted for the second half of 2026.
"The Board believes the Group now has a stronger platform from which to build," said chairman Nicolas Clavel.
News Intelligence what this means for the company
Symphony Environmental swung to a £55,000 net profit in H1 2026 on 23% revenue growth to £3.61 million, with gross margin expanding to 59% from 51% and operating cash burn collapsing 87% to £90,000. The turnaround was driven by a shift to a Symphony-led Middle East sales model for its core d2w® masterbatch product (up 20% to £3.03 million), validating the operational model the company had been building through 2025.
The company has moved from loss-making to profitable operations while sharply reducing cash consumption, suggesting the business model is beginning to scale. However, net borrowings (excluding convertible loans) rose to £810,000 from £540,000 at year-end, and £1.5m of convertible loans extend to 31 January 2027, so near-term funding and dilution risk remain material to monitor.
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