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Sabien Technology Group PLC on Monday said revenue slightly decreased and its loss slightly widened in the latest six-month period. The London-based provider of energy reduction technologies said its pretax loss was £382,000 for the half year ended December 31, against its £371,000 loss the previous year. Revenue decreased 9.5% on-year to £334,000 from £369,000, while sales orders fell 27% to £280,000 from £386,000. ‘Although H1 sales revenues remained broadly in line with last year, our sales pipeline has been significantly strengthened through partner-driven activity and recurring sales,’ Executive Chair Richard Parris commented. ‘This momentum led to a surge in order receipts immediately following the period end, which bodes well for our full-year results in June 2025.’ He also said the company ‘has emerged from the first half of the financial year in a stronger strategic position than a year ago’. Sabien also noted that Parris, through his family office, has provided financial facilities including a £100,000 increase to the existing loan facility; full funding for production development of Sabien’s M2G devices; and a ‘commercial trade finance arrangement under which Parris Group purchases M2G in bulk and resells it to Sabien as needed’. Overall, Parris said he was ‘encouraged by the progress made in both key businesses’. Sabien Technology shares were down 0.1% at 8.74 pence on Monday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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