UK's Getech H1 revenue rises 15% on Globe subscription renewal
UK subsurface resource locator Getech reported H1 2026 revenue rose 15% yr/yr to £2.4 million. The company turned adjusted EBITDA positive, reflecting revenue growth and cost control. Major post-period contract wins include a Globe deal with a European supermajor and a €1 million EU hydrogen project.
4 mln. The company said it turned adjusted EBITDA positive, helped by revenue growth and cost control. Getech said major post-period contract wins included a Globe deal with a European supermajor and a €1 mln EU hydrogen project. The company said industry conditions support a strengthening exploration outlook in oil and gas and natural hydrogen, and it expects increased activity in core markets to be reflected in future performance.
Getech said it is well placed to meet market expectations for FY26. It said contract wins, including a significant Globe subscription renewal and new multi-year agreements with major oil and gas companies, supported revenue growth and recurring revenue expansion. The company said investment in its proprietary product portfolio, including new releases of Globe and Exploration Analyst, delivered enhanced data and analytical capabilities. It also said it maintained a reduced cost base following prior restructuring, supporting improved profitability.
2 mln. 25. The stock recently traded at 68 times the next 12-month earnings, versus a P/E of 47 three months ago.