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LONDON - Sabien Technology Group Plc (AIM:SNT), a provider of energy reduction technologies, reported a 26% increase in orders to £1 million for the fiscal year ended June 30, 2025, according to a trading update released Tuesday.
The company, which specializes in M2G Cloud Connect Solution for gas boilers, said it invoiced £0.8 million during the fiscal year, up from £0.6 million in the previous year. Subject to final audit, Sabien expects to recognize revenue of £0.9 million for fiscal 2025, compared to £0.7 million in fiscal 2024.
Indirect sales through the company’s partner network grew 66% to £0.6 million, representing 76% of total sales, reducing the company’s previous dependence on government contracts.
Sabien has implemented measures to improve cash flow, including securing funding for product development through an arrangement with Parris Group Ltd subsidiary Aretiico Group plc in exchange for a 5% royalty on future M2G sales. The board has also agreed to take more than £0.2 million of accrued fees in new ordinary shares.
The company continues to operate its sales agency agreement with City Oil Field (COF), which has completed its first production Regenerative Green Oil module in Korea. The module is undergoing regulatory inspection, with production operations expected to commence in September 2025.
Sabien holds a 33.33% stake in b.grn group Ltd, which has an exclusive supply contract with COF valid until 2027 for technology focused on CO2 emission-free recycling of waste plastic.
Richard Parris, Executive Chairman of Sabien, said the company’s strategy of diversifying its customer base is "delivering as planned" and that the progression to a recurring subscription model is "starting to bear fruit."
The information was provided in a company press release.
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