23rd Jun 2026 13:02
(Alliance News) - Symphony Environmental Technologies PLC on Tuesday said performance has materially improved in the current year after one-off costs and an impairment charge hit the bottom line in 2025.
The Hertfordshire, England-based biodegradable plastic technology developer reported a pretax loss of GBP2.5 million in 2025, stretched from GBP1.3 million the year prior.
Losses included GBP468,000 impairment of development costs compared to nil the year before, and higher administrative costs of GBP4.3 million, up from GBP3.8 million, including one off strategic costs of GBP500,000.
Basic and diluted losses per share totalled 1.08 pence compared to 0.63p a year prior.
Revenue declined 13% to GBP5.7 million from GBP6.6 million.
In response, shares in the firm fell 9.7% to 8.13 pence each in London on Tuesday.
Symphony Environmental Technologies said financial performance has materially improved in 2026 with the group achieving a net profit for the first five months versus a loss in the comparative period last year, supported by a 10% increase in revenues, stronger gross margins and improved operating leverage.
"While further progress is required, 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," the company said.
By Jeremy Cutler, Alliance News reporter
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