Forgent Halves Operating Cost Base to Back Gasification Growth

EQTEC plc ( (GB:FORG) ) has issued an announcement.

Forgent plc has completed and extended its previously announced cost optimisation programme, achieving an annualised reduction of more than 50% in its recurring operating cost base compared with the 2024 financial year. The programme involved streamlining operations across multiple European locations, cutting rent and establishment costs, and rationalising the workforce to create a leaner structure.

Management says the materially reduced cost base will provide a stronger foundation for executing Forgent’s strategy and support more targeted investment in near-term exploration and key gasification projects. The company plans to maintain strict cost control as it advances towards its operational milestones, underlining a shift to a more scalable and financially disciplined operating model.

The most recent analyst rating on (GB:FORG) stock is a Sell with a £0.06 price target. To see the full list of analyst forecasts on EQTEC plc stock, see the GB:FORG Stock Forecast page.

Spark’s Take on FORG Stock

According to Spark, TipRanks’ AI Analyst, FORG is a Neutral.

The score is primarily held down by weak financial performance (ongoing losses, leverage, and negative cash flow). Technicals add further pressure due to a persistent downtrend, while valuation provides limited support given the negative P/E and lack of dividend data.

To see Spark’s full report on FORG stock, click here.

More about EQTEC plc

Forgent plc is a technology-led energy transition company focused on developing and delivering gasification projects. The group operates across several European markets, including Spain, the UK, France, Croatia and Ireland, and targets capital allocation towards near-term exploration activities in cleaner energy solutions.

Average Trading Volume: 175,283,829

Technical Sentiment Signal: Strong Sell

Current Market Cap: £2.87M

Learn more about FORG stock on TipRanks’ Stock Analysis page.