Forgent PLC

FORG · AIM · Energy · mcap £6.3m · 0.0p

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Financials · LTM to 30 Jun 26

Source: results 28 Aug 26 ↗

Going-concern uncertainty

Revenue: £499k
Operating profit: −£2.4m
Net income: −£12.1m
Free cash flow: −£2.6m
Net debt: £3.3m
Market cap: £6.3m
EV / EBIT: –
FCF yield: −41.9%
Price / book: –

Latest half-year · H1 26 vs H1 25 results 28 Aug 26 ↗

Revenue: £171k
Operating profit: −£979k
Net income: −£1.7m
Cash from operations: −£1.6m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 26 (six months to 30 Jun 26), published 28 Aug 26 · read the results ↗

Reported in € as the company published it. The key figures convert to £ at the rate of each period.

	FY 25 source	FY 24 source
Revenue	1,008,389	2,201,547
Cost of sales	(292,338)	(1,044,429)
Gross profit	716,051	1,157,118
Operating income/(expenses)
Administrative expenses	(3,796,005)	(4,518,522)
Other income	12,794	12,527
Other gains	-	26,497
Foreign currency gains/(losses)	277,531	(273,860)
Operating loss	(2,789,629)	(3,596,240)
Share of results from equity accounted investments	-	(52,346)
Gain arising from sale of investments	-	219,786
Finance income	-	107,523
Finance costs	(1,079,995)	(2,338,695)
Significant transactions
Impairment of equity-accounted investments	(1,991,540)	(5,361,520)
Reversal of Impairment of other investments	15,418	34,529
Impairment of tangible assets	(286,535)	-
Gain on derecognition of tangible assets	10,731	-
Impairment of development assets	(8,514)	(120,152)
Impairment of goodwill	(8,000,000)	(2,000,000)
Impairment of trade and other receivables	(70,500)	(6,302,736)
Loss before taxation	(14,200,564)	(19,409,851)
Income tax	(2,806)	(8,173)
LOSS FOR THE FINANCIAL YEAR	(14,203,370)	(19,418,024)
Loss attributable to
Owners of the Company	(14,203,350)	(19,418,006)
Non-controlling interest	(20)	(18)
Total loss attributable to	(14,203,370)	(19,418,024)
Total loss attributable to	2025	2024
€ per share € per share
Basic loss per share
From continuing operations	(0.023)	(0.068)
Total basic loss per share	(0.023)	(0.068)
Diluted loss per share
From continuing operations	16	(0.023)
Total diluted loss per share	16	(0.023)

Reported in € as the company published it. The key figures convert to £ at the rate of each period.

	H1 26 source	H2 25 calc.	H1 25 source
Revenue	196,821	372,405	635,984
Cost of sales	(93,658)	(174,995)	(117,343)
Gross profit	103,163	197,410	518,641
Operating income/(expenses)
Administrative expenses	(1,526,587)	(1,975,514)	(1,820,491)
Exploration and Evaluation costs Other income	-	–	6,398
Other gains/(losses)	538,214	–	-
Foreign currency gains/(losses)	(69,219)	103,407	174,124
Operating loss	(1,128,874)	(1,668,301)	(1,121,328)
Share of loss from equity accounted investments	-	–	(25,784)
Finance income	77	(62,142)	62,142
Finance costs	(42,951)	(461,045)	(618,950)
Significant transactions
Impairment of assets (net)	(814,306)	–	(364,341)
Loss before taxation	(1,986,054)	(12,132,303)	(2,068,261)
Income tax	-	-	(2,806)
LOSS FOR THE FINANCIAL PERIOD	(1,986,054)	–	(2,071,067)
Loss/(Profit) attributable to
Owners of the company	(1,986,054)	(12,132,283)	(2,071,067)
Non-controlling interest	-	(20)	-
Total loss/(Profit) attributable to	(1,986,054)	(12,132,303)	(2,071,067)
6 months ended 30 June 2026 6 months ended 30 June 2025
€ per share € per share
Basic loss per share
From continuing operations	(0.0002)	(0.0190)	(0.0040)
Total basic loss per share	(0.0002)	(0.0190)	(0.0040)
Diluted loss per share
From continuing operations	(0.0002)	16.0040	(0.0040)
Total diluted loss per share	(0.0002)	16.0040	(0.0040)

Reported in € as the company published it. The key figures convert to £ at the rate of each period.

	30 Jun 26 source	31 Dec 25 source	31 Dec 24 source
ASSETS
Non-current assets
Property, plant and equipment	137,330	157,360	412,377
Exploration and evaluation assets	1,261,610	–	–
Intangible assets	-	1,926,743	10,052,075
Investments accounted for using the equity method	–	-	2,000,000
Other financial investments	-	11,564	7,452
Total non-current assets	1,398,940	2,095,667	12,471,904
Current assets
Development assets	–	-	114,650
Trade and other receivables	250,180	628,857	807,656
Investments held for resale	–	-	121
Cash and cash equivalents	–	16,355	306,933
Cash and bank balances	550,590	–	–
Total current assets	800,770	645,212	1,229,360
Total assets	2,199,710	2,740,879	13,701,264
Notes	–	2025	2024
EQUITY AND LIABILITIES
Equity
Share capital	39,600,858	37,118,363	35,030,737
Share premium	92,999,875	89,598,296	89,541,054
Other reserves	2,694,125	2,694,125	2,694,125
Accumulated deficit	(136,101,478)	(134,153,224)	(119,836,008)
Equity attributable to the owners of the company	(806,620)	(4,742,440)	7,429,908
Non-controlling interests	(2,320,642)	(2,289,835)	(2,416,671)
Total equity	(3,127,262)	(7,032,275)	5,013,237
Non-current liabilities
Borrowings	4,355,558	4,434,348	5,436,509
Lease liabilities	115,090	127,097	232,580
Total non-current liabilities	4,470,648	4,561,445	5,669,089
Current liabilities
Trade and other payables	752,897	2,729,232	2,059,708
Borrowings	79,708	2,459,458	771,884
Lease liabilities	23,719	23,019	187,346
Total current liabilities	856,324	5,211,709	3,018,938
Total equity and liabilities	2,199,710	2,740,879	13,701,264
Forgent plc (formerly EQTEC plc)
Unaudited condensed consolidated statement of changes in equity
for the six months ended 30 June 2026 and the six months ended 30 June 2025
€ € € € € € €
Balance at 1 January 2025	(2,416,671)	–	–
Issue of ordinary shares	-	–	–
Share issue costs	-	–	–
Transactions with owners	-	–	–
Loss for the financial period	-	–	–
Unrealised foreign exchange gains/(losses)	81,494	–	–
Total comprehensive loss for the financial period	81,494	–	–
Balance at 30 June 2025	(2,335,177)	–	–
Balance at 1 January 2026	(2,289,835)	–	–
Issue of ordinary shares	-	–	–
Conversion of debt into equity	-	–	–
Share issue costs	-	–	–
Transactions with owners	-	–	–
Loss for the financial period	-	–	–
Unrealised foreign exchange gains/(losses)	(30,807)	–	–
Total comprehensive loss for the financial period	(30,807)	–	–
Balance at 30 June 2026	(2,320,642)	–	–

Reported in € as the company published it. The key figures convert to £ at the rate of each period.

	30 Jun 26 source	31 Dec 25 source	31 Dec 24 source
ASSETS
Non-current assets
Property, plant and equipment	137,330	157,360	412,377
Exploration and evaluation assets	1,261,610	–	–
Intangible assets	-	1,926,743	10,052,075
Investments accounted for using the equity method	–	-	2,000,000
Other financial investments	-	11,564	7,452
Total non-current assets	1,398,940	2,095,667	12,471,904
Current assets
Development assets	–	-	114,650
Trade and other receivables	250,180	628,857	807,656
Investments held for resale	–	-	121
Cash and cash equivalents	–	16,355	306,933
Cash and bank balances	550,590	–	–
Total current assets	800,770	645,212	1,229,360
Total assets	2,199,710	2,740,879	13,701,264
Notes	–	2025	2024
EQUITY AND LIABILITIES
Equity
Share capital	39,600,858	37,118,363	35,030,737
Share premium	92,999,875	89,598,296	89,541,054
Other reserves	2,694,125	2,694,125	2,694,125
Accumulated deficit	(136,101,478)	(134,153,224)	(119,836,008)
Equity attributable to the owners of the company	(806,620)	(4,742,440)	7,429,908
Non-controlling interests	(2,320,642)	(2,289,835)	(2,416,671)
Total equity	(3,127,262)	(7,032,275)	5,013,237
Non-current liabilities
Borrowings	4,355,558	4,434,348	5,436,509
Lease liabilities	115,090	127,097	232,580
Total non-current liabilities	4,470,648	4,561,445	5,669,089
Current liabilities
Trade and other payables	752,897	2,729,232	2,059,708
Borrowings	79,708	2,459,458	771,884
Lease liabilities	23,719	23,019	187,346
Total current liabilities	856,324	5,211,709	3,018,938
Total equity and liabilities	2,199,710	2,740,879	13,701,264
Forgent plc (formerly EQTEC plc)
Unaudited condensed consolidated statement of changes in equity
for the six months ended 30 June 2026 and the six months ended 30 June 2025
€ € € € € € €
Balance at 1 January 2025	(2,416,671)	–	–
Issue of ordinary shares	-	–	–
Share issue costs	-	–	–
Transactions with owners	-	–	–
Loss for the financial period	-	–	–
Unrealised foreign exchange gains/(losses)	81,494	–	–
Total comprehensive loss for the financial period	81,494	–	–
Balance at 30 June 2025	(2,335,177)	–	–
Balance at 1 January 2026	(2,289,835)	–	–
Issue of ordinary shares	-	–	–
Conversion of debt into equity	-	–	–
Share issue costs	-	–	–
Transactions with owners	-	–	–
Loss for the financial period	-	–	–
Unrealised foreign exchange gains/(losses)	(30,807)	–	–
Total comprehensive loss for the financial period	(30,807)	–	–
Balance at 30 June 2026	(2,320,642)	–	–

Reported in € as the company published it. The key figures convert to £ at the rate of each period.

	FY 25 source	FY 24 source
Cash flows from operating activities
Loss for the financial year before income tax	(14,200,564)	(19,409,851)
Adjustments for
Depreciation of property, plant and equipment	155,137	229,381
Amortisation of intangible assets	125,332	125,333
Gain arising from the sale of investments	-	(219,786)
Gain arising on dereconition of tangible assets	(10,731)	-
Impairment of goodwill	8,000,000	2,000,000
Impairment of tangible assets	286,535	-
Impairment of equity-accounted investments	1,991,540	5,361,520
Reversal of impairment of other investments	(15,418)	(34,529)
Impairment of development assets	8,514	120,152
Impairment of trade and other receivables	70,500	6,302,736
Share of loss of equity accounted investments	-	52,346
Gain on debt for equity swap	-	(26,497)
Unrealised foreign exchange movements	(390,472)	(140,724)
Operating cash flows before working capital changes	(3,797,627)	(5,639,919)
(Increase)/decrease in
Development assets	(6,196)	138,367
Trade and other receivables	(94,469)	272,008
Increase/(decrease) in Trade and other payables	775,099	(889,007)
Cash used in operations	(3,305,193)	(6,118,551)
Finance income	-	(107,523)
Finance costs	1,079,995	2,338,695
Taxes refunded/(paid)	26,083	(14,363)
Net cash used in operating activities	(2,199,115)	(3,901,742)
Cash flows from investing activities
Addition to tangible assets	(298,847)	-
Proceeds from disposal of other investments	30,613	241,681
Loans repaid by project development undertakings	24	2,376,496
Loans advanced to equity accounted undertakings	(326,523)	(498,275)
Loans repaid by equity accounted undertakings	353,603	24,320
Addition to other investments	(6,744)	(737)
Grants received	-	700,000
Other advances to equity accounted undertakings	-	(179,998)
Net cash (used in)/generated from investing activities	(247,898)	2,663,487
Notes	2025	2024
€ €
Cash flows from financing activities
Proceeds from borrowings and lease liabilities	666,629	441,687
Repayment of borrowings and lease liabilities	(416,118)	(1,205,107)
Loan issue costs	-	(85,859)
Proceeds from issue of ordinary shares	2,058,824	2,395,809
Share issue costs	(204,738)	(144,276)
Interest paid	(15,048)	(10,167)
Net cash generated from financing activities	2,089,549	1,392,087
Net (decrease)/increase in cash and cash equivalents	(357,464)	153,832
Cash and cash equivalents at the beginning of the financial year	267,670	113,838
Cash and cash equivalents at the end of the financial year	(89,794)	267,670

Reported in € as the company published it. The key figures convert to £ at the rate of each period.

	H1 26 source	H2 25 calc.	H1 25 source
Cash flows from operating activities
Loss before taxation	(1,986,054)	–	(2,068,261)
Adjustments for
Depreciation of property, plant and equipment	20,030	41,026	114,111
Amortisation of intangible assets	62,667	62,666	62,666
Impairment of assets (net)	814,306	–	364,341
Share of loss from equity accounted investments	-	–	25,784
(Gain)/(loss) on debt for equity swap	(538,214)	-	-
Unrealised foreign exchange movements	375,818	(207,893)	(182,579)
Operating cash flows before working capital changes	(1,251,447)	(2,113,689)	(1,683,938)
Decrease/(increase) in
Development costs	-	–	(8,276)
Trade and other receivables	77,451	200,945	(295,414)
(Decrease)/increase in Trade and other payables	(667,004)	596,301	178,798
Total decrease/(increase) in	(1,841,000)	–	(1,808,830)
Finance income	(77)	62,142	(62,142)
Finance costs	42,951	461,045	618,950
Net cash used in operating activities	(1,798,126)	(947,093)	(1,252,022)
Cash flows from investing activities
Additions to property, plant and equipment	-	–	(298,847)
Additions to mining assets	(205,567)	–	-
Loans advanced to equity accounted investments	-	–	(290,433)
Loans repaid by equity accounted investments	-	–	10,570
Interest received	77	–	-
Net cash used in investing activities	(205,490)	–	(578,710)
Cash flows from financing activities
Proceeds from borrowings and lease liabilities	85,961	106,327	560,302
Repayment of borrowings and lease liabilities	(148,714)	115,583	(531,701)
Proceeds from issue of ordinary shares	2,992,810	294,118	1,764,706
Share issue costs	(362,623)	(63,854)	(140,884)
Interest paid	(3,142)	(9,386)	(5,662)
Net cash generated by financing activities	2,564,292	–	1,646,761
Net increase/(decrease) in cash and cash equivalents	560,676	(173,493)	(183,971)
Cash and cash equivalents at the beginning of the financial period *	(89,794)	–	267,670
Cash and cash equivalents at the end of the financial period *	470,882	–	83,699

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	0.5	0.9	1.9
Gross profit	0.3	0.6	1.0
Operating profit	(2.4)	(2.4)	(3.0)
Depreciation (owned assets)	0.1	0.1	0.2
Amortisation	0.1	0.1	0.1
Operating profit to net income
Finance costs	(0.4)	(0.9)	(2.0)
Profit before tax	(12.1)	(12.2)	(16.4)
Tax	–	(0.0)	(0.0)
Net income (owners)	(12.1)	(12.2)	(16.4)
Per share
EPS basic	(1.7p)	(2.0p)	(5.6p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	0.2	−68%	0.3	0.5
Gross profit	0.1	−80%	0.2	0.4
Operating profit	(1.0)	n/m	(1.4)	(0.9)
Depreciation (owned assets)	0.0	n/m	0.0	0.1
Amortisation	0.1	n/m	0.1	0.1
Operating profit to net income
Finance costs	(0.0)	−93%	(0.4)	(0.5)
Profit before tax	(1.7)	n/m	(10.4)	(1.7)
Tax	–	–	(0.0)	(0.0)
Net income (owners)	(1.7)	n/m	(10.4)	(1.7)
Per share
EPS basic	(0.0p)	–	(1.7p)	(0.3p)
EPS diluted	(0.0p)	–	–	(0.3p)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(2.4)	(1.9)	(3.3)
Interest paid	(0.0)	(0.0)	(0.0)
Investing activities
Capex (PP&E)	–	(0.3)	–
Financing activities
Shares issued	2.9	1.8	2.0

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(1.6)	n/m	(0.8)	(1.1)
Interest paid	(0.0)	n/m	(0.0)	(0.0)
Investing activities
Capex (PP&E)	–	–	(0.0)	(0.3)
Financing activities
Shares issued	2.6	+75%	0.3	1.5

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Other intangibles	–	1.7	–
Property, plant & equipment	0.1	0.1	0.3
Associates & JVs	–	–	1.7
Other investments	–	0.0	0.0
Non-current assets	1.2	1.8	10.3
Current assets
Trade receivables	0.2	0.5	0.7
Cash	0.5	0.0	0.3
Current assets	0.7	0.6	1.0
Total assets	1.9	2.4	11.4
Current liabilities
Trade payables	0.6	2.4	1.7
Borrowings, current	0.1	2.1	0.6
Lease liabilities, current	0.0	0.0	0.2
Current liabilities	0.7	4.5	2.5
Non-current liabilities
Borrowings, non-current	3.8	3.9	4.5
Lease liabilities, non-current	0.1	0.1	0.2
Equity
Non-controlling interests	(2.0)	(2.0)	(2.0)
Total equity	(2.7)	(6.1)	4.2

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Other intangibles	–	1.7	–
Property, plant & equipment	0.1	0.1	0.3
Associates & JVs	–	–	1.7
Other investments	–	0.0	0.0
Non-current assets	1.2	1.8	10.3
Current assets
Trade receivables	0.2	0.5	0.7
Cash	0.5	0.0	0.3
Current assets	0.7	0.6	1.0
Total assets	1.9	2.4	11.4
Current liabilities
Trade payables	0.6	2.4	1.7
Borrowings, current	0.1	2.1	0.6
Lease liabilities, current	0.0	0.0	0.2
Current liabilities	0.7	4.5	2.5
Non-current liabilities
Borrowings, non-current	3.8	3.9	4.5
Lease liabilities, non-current	0.1	0.1	0.2
Equity
Non-controlling interests	(2.0)	(2.0)	(2.0)
Total equity	(2.7)	(6.1)	4.2

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.