Record Revenue Growth
Sales reached $4.8 million, a 73% increase from H1 2024, marking a record half for the business.
Improved Financial Performance
Gross profit increased to $1.7 million, maintaining a gross profit margin of 35%. EBITDA losses improved from $800,000 in H1 2024 to $200,000 in H1 2025.
Strong Performance in North America
Sales in North America were $3.3 million, comprising 68% of total sales, driven by the recovery in the North American detergent market.
SPARX Formulation Solutions Growth
Revenue from SPARX formulation solutions grew to $1.5 million, a 156% increase from H1 2024.
Path to Profitability
Company is one major revenue step away from reaching profitability, with a focus on expanding existing customers and new opportunities.