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LONDON - Time To ACT plc (AQSE:TTA), an engineering-led group focused on energy transition technology, reported a 21% increase in annual revenue to £2.28 million for the fiscal year ended March 31, 2025, according to a press release statement issued Thursday.
The company, which listed on the Aquis Stock Exchange in May 2024, achieved a compound annual growth rate of 39% in underlying turnover from 2022 to 2025. Gross profit margin improved to 47% from 43% in the previous year.
Cash holdings at year-end stood at £964,555, down from £1.89 million a year earlier. The company reported an adjusted EBITDA loss of £618,741, an improvement from the £888,374 loss recorded in the previous fiscal year.
"With these results, the Time To ACT group has continued to prove its resilience against a challenging world backdrop," said Chris Heminway, Executive Chairman of Time To ACT. "Large project activity has been delayed globally and yet we have grown sales as promised at the time of the IPO in May 2024."
The company’s growth was partly driven by a Large Parts contract for the hydrogen sector executed by its Diffusion Alloys unit in the first half of the year. Hydrogen sector revenues represent a growing percentage of the company’s turnover.
In May 2025, after the fiscal year end, Time To ACT raised £274,000 through the issuance of 685,000 new ordinary shares at 40p per share, including £200,000 from Puma AIM VCT plc. The company also converted £60,619 of existing convertible loans into 151,546 new ordinary shares.
The company maintained its sales target of £3.5 million for the current financial year, stating it has found replacement revenues to offset certain Large Parts project delays.
Time To ACT operates two principal businesses: Diffusion Alloys, which supplies coatings for components used in hydrogen and nuclear energy generation, and GreenSpur, which develops generator designs that eliminate the need for rare earth magnets.
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