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An announcement from Plexus Holdings ( (GB:POS) ) is now available.
Plexus Holdings Plc reported a decrease in revenue for the six months ending December 2024, primarily due to the absence of a one-off licensing deal from the previous year. Despite this, the company has made strategic progress with new leadership appointments and significant contract wins, including a £3.5 million fundraising initiative to expand its rental fleet. The company is focusing on high-margin wellhead rentals and special projects, aiming to leverage its proprietary technology to capture growing international opportunities. With a strong safety record and a commitment to innovation, Plexus is well-positioned for sustainable growth in the evolving energy sector.
More about Plexus Holdings
Plexus Holdings Plc is an AIM-quoted company specializing in oil and gas engineering services. It is known for its proprietary POS-GRIP® method of wellhead engineering, focusing on providing advanced wellhead solutions for various applications, including Plug & Abandonment, gas and carbon capture storage wells, and traditional oil and gas exploration.
YTD Price Performance: -6.54%
Average Trading Volume: 478,819
Technical Sentiment Signal: Buy
Current Market Cap: £10.1M
For a thorough assessment of POS stock, go to TipRanks’ Stock Analysis page.