13th Jan 2026 14:26
Metir PLC - York, England-based company focused on water testing services - Says trading in 2025 was in line with its own expectations, boosted by increased international demand for Microtox LX instruments, Microtox reagents and sulphate reducing bacteria kits. Metir expects to report revenue of GBP1.5 million for 2025, up sharply from GBP232,000 in 2024. Further, its cash balance as at December 31 is expected at just above GBP1.0 million, following a GBP1.0 million fundraise it completed in December. Executive Chair Bob Moore says that the firm's underlying momentum in the business "is encouraging for sales growth throughout 2026." He adds: "With enhanced funding in place, a growing installed base of instruments and an expanding international pipeline, we enter this year with increased confidence. The board believes the actions taken during 2025, including further product development, provide a solid foundation for accelerating production of the group's instrumentation and reagents, driving revenue growth and progressing towards sustainable profitability."
Current stock price: 0.90 pence each, down 0.1% on Tuesday afternoon in London
12-month change: up 15%
By Tom Budszus, Alliance News slot editor
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