Getech Group Reports Revenue Growth and Strategic Progress in 2024

 

Getech Group plc (LSE:GTC) has announced strong financial results for the year ending December 2024, with revenue increasing by 16% to £4.7 million and a notable reduction in its EBITDA loss. The company has made significant strides in enhancing its service offerings, including upgrades to its Globe exploration platform and the expansion of its artificial intelligence (AI) capabilities. Additionally, Getech has secured key strategic partnerships for natural hydrogen exploration and strengthened its position in the subsurface resource exploration sector.

The appointment of Chris Jepps as CEO, along with the introduction of a new sustainable business strategy, sets a clear path toward achieving EBITDA profitability by the end of 2025. The company remains focused on its core Oil & Gas and Mining sectors, while also exploring emerging opportunities in the natural hydrogen space.

About Getech Group plc

Getech Group plc is a leader in subsurface resource exploration, specializing in identifying essential resources for global energy security and sustainable transitions. Leveraging its expertise in geoscience, AI analytics, and geospatial insight, Getech serves a wide range of clients across the energy and minerals sectors, including corporate, governmental, and regulatory bodies.

• Year-to-Date Share Performance: -23.26%

• Average Daily Trading Volume: 151,497 shares

• Technical Sentiment: Buy

• Market Capitalization: £2.52 million

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