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Kromek Group PLC - Detection technology supplier - Receives first $25.0 million payment under its enablement agreement with Siemens Medical Solutions US Inc. This follows Kromek satisfying the first milestone under the deal. As a result, Kromek confirms that it will become profitable in the current financial year. Chief Executive Arnab Basu says: ‘These funds will be used to support the delivery of various milestones under the agreement, significantly reduce our debt and strengthen our balance sheet, ultimately enhancing our operational capabilities. It also enables us to become profitable in the current financial year - which is a significant milestone.’ Current stock price: 7.10 pence, up 0.1% in London on Monday 12-month change: down 2.0% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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