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Getech Group plc ( (GB:GTC) ) has issued an update.
Getech Group plc announced its final results for the year ending December 2024, highlighting a 16% increase in revenue to £4.7 million and a significant reduction in EBITDA loss. The company has made strategic advancements in its services, including enhancing its Globe exploration platform and expanding AI capabilities. Notably, Getech has entered into strategic agreements for natural hydrogen exploration and established new partnerships, positioning itself strongly in the subsurface resource exploration industry. The appointment of Chris Jepps as CEO and a new sustainable business strategy have set a path towards being EBITDA positive by the end of 2025, with a focus on core Oil & Gas and Mining sectors while exploring opportunities in Natural Hydrogen.
More about Getech Group plc
Getech Group plc is a leading company specializing in locating subsurface resources essential for global energy security and sustainable transition. The company utilizes unique geoscience expertise, AI-driven analytics, and extensive geospatial insight to identify new energy and mineral resources, serving a wide range of clients including corporates, governments, and regulators.
YTD Price Performance: -23.26%
Average Trading Volume: 151,497
Technical Sentiment Signal: Buy
Current Market Cap: £2.52M
For an in-depth examination of GTC stock, go to TipRanks’ Stock Analysis page.