Year End Trading Update

The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation.

8 July 2025

Sabien Technology Group Plc

("Sabien", the "Company" or the "Group")

Year End Trading Update

Sabien (AIM: SNT), a leading provider of energy reduction technologies, provides a trading update ahead of the release of its audited results for the year ended 30 June 2025 ("FY 2025").

During FY 2025, Sabien continued to focus on expanding its M2G Cloud Connect Solution ("M2G"), a CO2 mitigation technology for gas boilers.

In addition, Sabien remains committed to developing its sales agency opportunities with City Oil Field's ("COF") and advancing b.grn group Ltd ("b.grn"), a Special Purpose Vehicle in which Sabien holds a 33.33% stake. Both of these activities are focused on the CO2 emission-free recycling of waste plastic using renewable energy.

Sabien enters the new financial year ending 30 June 2026 ("FY 2026") with a stronger strategic, sales and cash flow position than 12 months ago ("FY 2024").

M2G Business

The M2G platform enables operators of commercial gas boilers to achieve gas bill savings and CO2 emission reductions of 10% to 30%. This technology, when deployed at scale, significantly contributes to the UK's transition to a net-zero economy. M2G installations are quick, offering immediate savings and comprehensive plant analytics, with a typical payback period of less than 12 months from the date of installation.

For FY 2025, Sabien secured orders totalling £1m (FY 2024: £0.7m) and invoiced £0.8m (FY 2024: £0.6m). M2G orders have grown by 26% in FY 2025 and indirect sales through our partner network have grown by 66% in FY 2025 to £0.6m (FY 2024: £0.4m), demonstrating the effectiveness of our expansion strategy.

Subject to final audit, Sabien expects to recognise revenue of £0.9m for FY 2025 (FY 2024: £0.7m). As of the 30 June 2025, the Company had open orders of £0.1m awaiting installation and invoicing (FY 2024: £0.06m ).

During FY 2025, the board of directors of Sabien (the "Board" or the "Directors") continue to streamline financial performance and manage cash flow. This includes securing full funding for current and future M2G product development, exclusively leveraging the software and security expertise of Parris Group Ltd ("Parris Group") subsidiary, Aretiico Group plc, in exchange for a 5% royalty on future M2G sales. This is in addition to implementing a commercial trade finance arrangement under which Parris Group purchases M2G in bulk and resells it to Sabien as needed to support individual customer installations, thereby eliminating the need for Sabien to tie up its capital in stock. In addition, it was announced in FY 2025 that the Board has collectively agreed to take more than £0.2m of accrued fees in new ordinary shares of 3 pence each in the Company. 

COF / b.grn

Sabien continues to operate its exclusive sales agency agreement with COF which remains valid until 2029, covering the UK and a region of the United States. This agreement includes a sales agency fee of US$1.2m per 24T/day Regenerative Green Oil ("RGO") module sold and allows for non-exclusive sales agency rights in other countries.

COF have now completed their first production RGO module in Korea which is currently undergoing Korean Government regulatory inspection. Subject to this approval, production operations are expected to commence in September 2025. This will be a critical step in enabling Sabien and b.grn to unlock the commercial potential of this advanced and much needed technology in the UK and U.S.

Sabien's associate company, b.grn, is poised to capitalise on this imminent demonstration of COF's RGO platform with an exclusive supply contract valid until 2027. Initial U.S. and UK sites are in advanced discussions.

Richard Parris, Executive Chairman of Sabien, commented:

"Our strategy of diversifying our customer base, from a small number of very large government customers managed directly, to a larger number of more "regular" corporate customers serviced through channel partners such as CBRE and JLL, is delivering as planned. Over the last two years we have eliminated our dependency on one particular government department which accounted for more than 60% of the Group's revenues across the 2022 and 2023 financial years, reducing to 13% last year and 2% this year. This revenue has been replaced by the growth in partner sales which have grown 35% annually over the same period to represent 76% of our £0.9m sales in 2025. Notwithstanding this, we can also report a 26% increase in the value of year-on-year new orders. I consider this a remarkable and continuing achievement by our sales team. Likewise, our progression to a recurring subscription model focused on our cloud service performance dashboard is starting to bear fruit.

While it is too early to predict the future for our COF/b.grn ambitions, it is hugely encouraging that our Korean partners have now completed construction and commissioned their first production RGO plant in Korea in June 2025. This plant is scheduled to start production operations later this year, subject to obtaining Korea government approvals and permits. We expect this progress to drive our previously announced plans in the UK and U.S. recycling markets.

As we continue our business transformation, I remain confident that there is great potential to build Sabien into a significant UK-based business that places the generation of profits from CO2 reduction at the core of its business. To this end Parris Group and the Board continues to provide necessary financial and technology support to facilitate Sabien's growth and environmental agenda."

About Sabien Technology Group plcSabien Technology Group plc provides energy reduction solutions designed to help businesses achieve their sustainability goals, with a particular focus on reducing energy consumption and carbon emissions.

The Sabien Technology Group plc holds the Green Economy Mark from the London Stock Exchange, recognising companies generating over 50% of their revenues from sustainable products and services.

Website: www.sabien.com